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Glaser offers development update

POSTED: December 4, 2012 7:00 a.m.
Alan Rusch/

Curt Glaser of First Bank Kansas in Ellsworth updates members of the 3M Club on the First Bank Kansas development between the Ellsworth County Medical Center and Kansas Highway 140.

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Members of the 3M Club received a timely update on the construction taking place in the First Bank Kansas addition near Ellsworth County Medical Center.
“There is going to be a lot of things here that will happen fairly quickly,” said Curt Glaser, manager of First Bank Kansas in Ellsworth.
The six-to eight-acre First Bank Kansas addition is bordered on the south by Old 40 Highway, and on the north by the hospital.
“We bought that with the idea that we eventually wanted to have the bank on the corner,” Glaser said. “That was our primary reason for buying it, as well as trying to develop the rest of it.”
Glaser said the streets and sewers in the First Bank Kansas addition, along with some improvements done near the new Carrico Implement building, were done under a TIF (Tax Increment Financing) program.
“What that really means is basically, you sell a bond to pay for the infrastructure, and then the bond is repaid with the taxes in tax increments which happen on it,” he said. “So the taxes that are already there still go to the county, but any new taxes that are derived from a new building can go to pay off this bond until it is paid off.”
Glaser said First Bank Kansas agreed to give the Smoky Hill Development Corporation four residential lots in the First Bank Kansas addition.
“So they were in charge of selling them and getting something started up there on the residential side,” he said.
Glaser said space along the eastern side of the First Bank Kansas addition has been sold to Prairie Business Park, which is a partnership between First Bank Kansas, Dr. Mark Herzog, and Gary Urbanek of State Farm Insurance.
“They are building one building there which is basically going to be called Prairie Business Park LLC,” Glaser said. “It will have one roof, but each person will own their individual space.”
Dr. Herzog owns half of the space, with Urbanek owning a fourth of the space, and First Bank owning the rmaining fourth of the space.
remaining fourth of the space.
Glaser said First Bank Kansas is looking for a tenant to purchase its fourth of the building, which will then be finished out the way the new owner wants it.
Between the Prairie Business Park and the hospital, Glaser said there is still another half of a vacant lot available for commercial use.
Glaser said First Bank Kansas is looking for a tenant to purchase its fourth of the building, which will then be finished out the way the new owner wants it.
Between the Prairie Business Park and the hospital, Glaser said there is still another half of a vacant lot available for commercial use.
Glaser said there has been some interest from developers to build town homes or duplexes in the addition, similar to Prairie Courte Town homes.
“The one and only complaint I ever get is that everybody wants double car garages,” Glaser said. “So if there is something here, they will have double car garages. But we’ll see what happens there.”
Glaser said he is having preliminary sketches done by a couple of builders, along with pre-pricing.
Glaser said the four residential lots given to the Smoky Hill Development Corporation have been sold.
“If you drive up there now, on the second lot you’ll see a house being built,” he said. “Mike Wilson Builders is building it for Aaron and Jill Brantley.”
A second home Mike Wilson Builders purchased will begin construction in the spring as a spec-home unless it is sold to somebody else before then.
Glaser said the residential lot on the north has been purchased by Barbara McPherson.
“She is originally from here,” he said. “She used to be a Bender. She lives in Kansas City and is planning to build a home and retire here.”
Mike Wilson Builders is also constructing that home, beginning in April.
“Those three are going to go up relatively quick,” Glaser said.
Colter Dent of Brookville is building the fourth residential home.
“That one is supposed to start yet this fall,” Glaser said.

 

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