City Council OKs $30.8 million in bonds for Presbyterian Manors
08/06/2014 7:38 AM
08/06/2014 7:58 AM
City Council members voted Tuesday to approve $30.8 million in bonds for Presbyterian Manors Inc.
Part of the money is being used for increased costs for its project on 13th Street and for renovating a new corporate headquarters at 2414 N. Woodlawn, according to city documents.
Last year, the City Council approved a bond request not to exceed $110 million to Presbyterian Manors to refinance existing debt and to improve facilities across the state.
In June, the council approved an increase of that bond request by $15 million for increased construction costs at the West 13th Street project and the acquisition of a new corporate headquarters.
Presbyterian Manors expects to create at least 26 jobs with an average salary of $29,525 as part of its expansion, according to city documents.
Presbyterian Manors has 16 retirement facilities in Kansas and Missouri, according to city documents.
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