KJAN News

KJAN News can be heard:
Monday – Saturday at 6:30 am, 7:05 pm, 8:00 am, 9:00 am, 12:20 pm, 12:40 pm, 3:05 pm & 5:05 pm

Keep up-to-date with Fox News Radio, Radio Iowa,  Brownfield & the Iowa Agribusiness Networks!
Check our Program Schedule Page for times!

Atlantic City Council approves loan and bond purchase agreement resolution

News

March 1st, 2012 by Ric Hanson

The Atlantic City Council Wednesday evening adopted a resolution expressing the City’s intent to enter into General Obligation (G-O) loan and Bond purchasing agreements with Ruan Securities, in the amount of $4.95-million. The move came during a special Council meeting, and followed public hearings on both issues. Chip Schultz, with Ruan Securities in Des Moines, acts as the City’s Bond Counsel. Schultz said the agreement with the City of Atlantic is exciting, because the timing is perfect, considering the current interest rates. Schultz said “It’s pretty spectacular that (the City) can borrow almost $5-million at just over 2% interest.” He said the bond issue covers the City’s planned Street and Storm Water Improvements, as part of the 2011 projects, Building and Park improvements and equipment acquisition, which the City has previously accomplished through an arrangement with Atlantic Municipal Utilities.

Schultz said the payment structure plan works out to 15-years, and includes Bond Issuance’s for 2013 and 2014. He says that makes for “A manageable Tax Levy, going forward.” He says interest costs on the bonds amount to $828,000, which is less than 20% of the issuance itself. Schultz said when started in the business 13-years ago, an interest cost less than one-half the amount par amount, or $2.5-million in this case, you thought you’d be getting a pretty good rate on your bonds.” But the City’s paying 18%, is advantageous.

Schultz says the City will have about 30% of its Debt Capacity remaining, or $4.9-million of legal debt capacity, after the new bond issuance is in place. Additional debt capacity will be made available after principal payments are made on June 1st. In previous years, the City ran it’s Debt Capacity at 45-to 50%, so being at around 70% is “getting up there,” according to Schultz, but since the City will be paying-off almost $2-million in debt through June 1st, 2014, that will make the capacity more reasonable. Schultz says the City of Atlantic currently has a Standard and Poor’s bond rating of A+, which is in the upper eschelon of the “A” category.The highest bond rating is “AAA,” next is “AA,” followed by “A”. Atlantic is in the latter category. Anything with a BA+ or worse, would be considered a “junk bond.”

During the Council’s meeting on March 7th, they’ll act on authorizing the issuance of the 2012 G-O Bonds, which will include authorizing the redemption of 2007 G-O Bonds. That takes place on June 1st, and will save the City $45,845 in interest costs over the next five-years. Schultz said funds from the 2012 G-O Bonds will be delivered to the City on Wednesday, March 28th. The bonds will be cull-able, on June 1st, 2019, if the City desires.

Red Oak man arrested for baseball bat assault

News

March 1st, 2012 by Ric Hanson

A Red Oak man faces Willful Injury and Violation of a Protection Order charges, following his arrest Wednesday night. Officials say 28-year old Brandon Scott Boydston was taken into custody at around 7:30-p.m., after Red Oak Police were called to a report from the City View Apartments, of a woman screaming for help. An investigation determined Boydston allegedly struck the unidentified woman with a baseball bat. The victim was treated for her injuries at the Montgomery County Memorial Hospital.  Boydston was being held in the Montgomery County Jail on $5,000 bond.

7AM Newscast 03-01-2012

News, Podcasts

March 1st, 2012 by Chris Parks

w/ Ric Hanson

Play

Economist says more Midwest industries in recovery

News

March 1st, 2012 by Ric Hanson

OMAHA, Neb. (AP) – An economist who oversees a monthly economic survey of nine states in the Midwest and Plains says the economic recovery has spread to more industries. The Mid-America Business Conditions Index rose last month to 58.4 from 55.9 in January. Creighton University economist Ernie Goss says the region’s growth had been limited to agriculture and energy sectors. He says the February survey indicates the growth has spread to most industries, except construction.
 
The survey of supply managers and executives uses a collection of indexes ranging from zero to 100. Survey organizers say that any score above 50 suggests growth while a score below 50 suggests decline for that factor. The states are Arkansas, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, Oklahoma and South Dakota.

Montgomery County Accident Under Investigation

News

March 1st, 2012 by Ric Hanson

Authorities in Montgomery County are investigating a non-injury accident that took place Wednesday morning, just west of Red Oak. Officials say a semi driven by David Ficke, of Pleasant Dale, NE, was attempting to make a left-hand turn off of Highway 34 onto Boxelder Avenue, at the same time a car driven by Martha Morton, of Hopkins, MO, was attempting to pass the semi.

As the 2003 Peterbilt semi driven by Ficke turned onto Boxelder, it came into contact with Morton’s 2004 Pontiac Grand Am. Both vehicle came to rest in the intersection. The accident happened at around 10:30-a.m., Wednesday.

Iowa News Headlines: Thu., March 1st, 2012

News

March 1st, 2012 by Ric Hanson

Here is the latest Iowa news from The Associated Press

DES MOINES, Iowa (AP) — The Iowa House has approved two gun-rights measures that sparked Democrats to stage a walkout earlier in the day, stalling action for six hours. One bill would allow people to use deadly force to protect themselves and the other called for writing gun rights protections into the Iowa Constitution. The second measure would have to be approved by another legislative assembly next year and then be referred to voters.

DES MOINES, Iowa (AP) — Authorities say an Iowa State Patrol trooper was injured when a semitrailer hit his patrol car while the trooper was assisting in another crash in north central Iowa. Trooper Jeremy Schaffer was injured yesterday afternoon on an entrance ramp from U.S. Highway 20 onto Interstate 35 in Hamilton County. The road was slush-covered and high winds and blowing snow created poor visibility at the time.

CEDAR RAPIDS, Iowa (AP) — The trial of two cousins accused in a deadly shooting in Cedar Rapids has been delayed from March until July. Eighteen-year-old Justin Ross of Cedar Rapids, and 19-year-old Donovan Ross of Hiawatha are charged with first-degree murder in the death of 30-year-old Andre Herron. He was shot on a city street on November 26th.

DES MOINES, Iowa (AP) — A famed Jackson Pollock painting that’s owned by the University of Iowa is coming to the Des Moines Art Center. The Des Moines Register reports the art center announced yesterday that it will display Pollock’s “Mural” from April 5th to July 15th.

Sioux City won’t show bullying film

News

March 1st, 2012 by Ric Hanson

SIOUX CITY, Iowa (AP) — Students in Sioux City public schools won’t be seeing a documentary on bullying because of the film’s R rating for foul language. The Sioux City Journal says Superintendent Paul Gausman says the district doesn’t show movies with foul language or graphic material, meaning “The Bully Project” won’t be used an educational film. He also says at 94 minutes, the film is too long to show. Parts of the documentary were filmed in a local elementary school, and one of the students featured is a former Sioux City student. The Motion Picture Association of America has voted to uphold the film’s R rating, sparking a backlash from those who believe it will prevent the film from being shown to students to demonstrate the impact of bullying.

Another gun-related proposal clears Iowa House Wed. Night

News

March 1st, 2012 by Ric Hanson

Republicans in the Iowa House and that lone Democrat also voted for a bill that would give Iowans the right to use “reasonable force” to stop a crime in a public place. Representative Matt Windschitl, a Republican from Missouri Valley, is the chief sponsor of that bill.
“The basic intent is to provide Iowans the upper hand in their own self-defense,” Windschitl said.

Under current law, Iowans may use “reasonable force” — even “deadly force” to defend themselves in their home or place of business. This bill would extend those legal protections to a person’s vehicle when it comes to using a weapon as self-defense or to prevent a crime. Critics like House Democratic Leader Kevin McCarthy suggest the proposal would make Iowa the “wild, wild west” again. “Maybe loading groceries in the back of a car in the Walmart parking lot, you look over, somebody’s taking a sack out — boom!” McCarthy said during debate, yelling that last word to signify a gunshot. A couple of hours later, Windschitl responded.

“I trust Iowans,” he said. “I believe in them. Let’s give them an opportunity to defend themselves without the fear of frivolous prosecution.” This bill and the proposal for a constitutional amendment focused on gun rights now go to the Senate, where passage is not likely.

(O. Kay Henderson/Radio Iowa)

4-H to Host Annual Mardi Gras Carnival for All Cass County Families

News

February 29th, 2012 by Ric Hanson

Officials with the Cass County ISU Extension service say the Annual 4-H Mardi Gras event in Atlantic is scheduled to take place March 11th, from 2:00PM-4:00PM, at the Cass County Community Center.  All families are invited to attend this low cost, high energy event for youth.

Susan Oliver, Cass County Youth Coordinator says the Sunday event includes fun, food, & carnival-type games for kids of all ages. The cost of admission for the family-friendly event is just 50 cents.  Each game ticket is ten cents.  Clubs set their own rate per game.  Most games are two to five tickets in cost.  There will be 13 club booths including; horseshoes, handmade “Color Wheel of Fortune”, ski ball, target practice with the Safety Education in Shooting Sports (SESS) program, ball toss and more.  There is also a club foodstand.

Cass County 4-H started the Mardi Gras event several years ago, to provide a budget friendly event for families in the community.  It also provides the various County 4-H clubs an opportunity to have fun together while planning and handling the booths.  In addition, the event raises funds for the individual clubs and the overall 4-H program.

To learn more about the 4-H program visit: www.extension.iastate.edu/4h and for detailed local program information at:
www.extension.iastate.edu/cass.

Guilty Plea entered in Lenox Tornado repair scam

News

February 29th, 2012 by Ric Hanson

Lenox Police Chief Jon Huggins reports a Lenox man, Joseph Adam Whitehead, pled guilty Tuesday in Taylor County District Court, to a charge of 2nd degree theft, in connection with an investigation into complaints he was paid but failed to perform work on, structures damaged during the May 11, 2011 tornado in Lenox. Whitehead was sentenced serve a term not to exceed 5 years confinement in the custody of the Iowa Department of Corrections.

In addition he’s required to pay restitution to the victims, fines, court and other costs related to the investigation, amounting to more than $15,470.  Whitehead must also provide a DNA sample to the Department of Corrections, and is prohibitted from owning firearms or ammunition for the rest of his life.