Q: In the Friday Mercury from Sept. 12, 2014 they listed parcels of land owned by the city. Three parcels had the address of our main building, 2121 Meadowlark Road, 1239 Meadowlark Valley and 2161 Meadowlark Road. Why?

In speaking with Chris Nelson, our Financial Services Director, this is what I learned; from 1999 to 2001, Meadowlark Hills went through a significant renovation and expansion project, including the addition of 38 Independent Living apartments, 10 Independent Living duplexes, and two Assisted Living households, Miller House and Tinklin Pointe. Additionally, healthcare began its transformation to the household model, which included renovating the existing space and the addition of three new households.

This project was funded through the issuance of City of Manhattan industrial revenue bonds (IRB). Under the Kansas IRB statute and our bond financing documents, title to the Meadowlark Hills campus is held by the City of Manhattan. The facility is leased back to Meadowlark Hills under a Lease Agreement. Under a typical Kansas IRB lease arrangement, the term of the Lease Agreement expires and Meadowlark Hills obtains the title to the campus at the time the outstanding interest and principal on the bonds has been paid in full. Thanks for another great question and please keep them coming.