LARNED – The second of two prospective banking groups made a sales pitch to the Pawnee County Commissioners Monday.Todd Van Deventer, vice president for Piper Jaffray, Lenexa, said financing a proposed $18 million bond for a new Pawnee Valley Community Hospital through the Pawnee Public Building Commission (PBC) is the best way to fund the project.Van Deventer proposed $18.8 million of bonds over a 30-year term. He said everything is negotiable, including the term, which could range from 20 to 30 years.Van Deventer said creating the PBC is the first step in the process. Other major steps are completion of documentation, receipt of the guaranteed maximum price contract, receipt of rating, sale of bonds and construction commencement date.
Second banking group makes sales pitch