Albert Rukwaro
Special to The Gardner News
The Gardner City Council approved a resolution August 5 for the issuance of revenue bonds by the city of Olathe to finance facilities located within Gardner’s corporate limits.
According to Mathew Wollf, finance director, Olathe Medical Center, the leading healthcare provider in Southwest Johnson County, has asked the neighboring city of Olathe to issue revenue bonds to finance healthcare facilities in the region.
One of the facilities, a clinic, will be located on 189th Terrace in Gardner.
State and federal law require that the city of Gardner approve issuance of the bonds since part of the project will be within its jurisdiction.
Wollf told the council that because Olathe Medical Center is a non-profit, the bonds will likely be tax-exempt.
“There will be no associated IRB abatement because Olathe Medical Center, as a non- profit, does not pay property taxes,” he said.
Wollf said that apart from considering the resolution, Gardner will have no further obligations in “connection to the bonds which will be issued by the City of Olathe.”
The motion passed 5-0.