NICK GOSNELL
Hutch Post
HUTCHINSON, Kan. — The Hutchinson City Council unanimously voted to set the hearing date for the establishment of a STAR Bond District for September 17 at 5:30 p.m.
The hearing will look at the idea of establishing a STAR Bond District along 11th and 17th and along Main, to encompass the Cosmosphere, the new Hilton Garden Inn area and the area surrounding the Landmark Building for the purposes of projects at the Cosmosphere, the Landmark and Memorial Hall.
This public hearing step is crucial, but it is just the beginning of a longer process to bring these projects to fruition.
STAR Bond Approval Process: The approval process for STAR Bonds involves several steps:
- Approval of the STAR Bond District: The city will establish a designated area where the STAR Bonds will be used.
- Approval of the STAR Bond Project Plan: Detailed plans for each project within the district will be reviewed and approved.
- Issuance of Bonds: Once approved, the bonds will be issued to fund the projects.
The tax rates in those areas will not go up from what was already planned. The STAR Bonds will be paid back through the additional visitors to those areas.