Volume 40 - Issue 40 - October 7, 2021
(Published in the Kansas Register October 7, 2021.)
City of Shawnee, Kansas
Summary Notice of Sale
$52,170,000*
General Obligation Improvement and Refunding Bonds
Series 2021A
(General Obligation Bonds Payable from Unlimited Ad Valorem Taxes)
Bids
Subject to the Notice of Sale dated on or about October 15, 2021 (the “Notice of Sale”), bids will be received by the Finance Director of the City of Shawnee, Kansas (the “City”), on behalf of the governing body of the City, at 11110 Johnson Dr., Shawnee, KS 66203, or, in the case of electronic proposals, on the Columbia Capital Auction website at http://www.ColumbiaCapitalAuction.com (“Columbia Capital Auction”), until 10:30 a.m. (CST) October 25, 2021, for the purchase of $52,170,000* principal amount of General Obligation Improvement and Refunding Bonds, Series 2021A (the “Bonds”). No bid of less than $52,170,000 (100% of the par value of the Bonds), plus accrued interest to the date of delivery, will be considered. Bidders may be required to be qualified in a manner established by the City before submitting a bid.
Bond Details
The Bonds will consist of fully registered bonds in the denomination of $5,000 or any integral multiple thereof. The Bonds will be dated November 18, 2021 (the “Dated Date”), and will become due on December 1 in the years as follows:
| Maturity Schedule* | |
|---|---|
| Maturity December 1 |
Principal* Amount |
| 2022 | $2,605,000 |
| 2023 | 2,610,000 |
| 2024 | 2,090,000 |
| 2025 | 1,905,000 |
| 2026 | 1,530,000 |
| 2027 | 1,155,000 |
| 2028 | 2,980,000 |
| 2029 | 4,075,000 |
| 2030 | 5,130,000 |
| 2031 | 4,700,000 |
| 2032 | 1,860,000 |
| 2033 | 1,200,000 |
| 2034 | 1,085,000 |
| 2035 | 1,410,000 |
| 2036 | 1,300,000 |
| 2037 | 1,190,000 |
| 2038 | 1,070,000 |
| 2039 | 955,000 |
| 2040 | 1,705,000 |
| 2041 | 1,600,000 |
| 2042 | 1,495,000 |
| 2043 | 1,390,000 |
| 2044 | 1,285,000 |
| 2045 | 1,175,000 |
| 2046 | 1,065,000 |
| 2047 | 950,000 |
| 2048 | 835,000 |
| 2049 | 720,000 |
| 2050 | 600,000 |
| 2051 | 500,000 |
The Bonds will bear interest from the Dated Date at rates to be determined when the Bonds are sold as provided in the Notice of Sale, which interest will be payable semiannually on June 1 and December 1 in each year, beginning on June 1, 2022. A bidder may elect to have all, or a portion of the Bonds scheduled to mature in consecutive years issued as term bonds subject to the requirements set forth in the Notice of Sale.
Book Entry Only System
The Bonds shall be registered under a book entry only system administered through The Depository Trust Company (“DTC”).
Paying Agent and Bond Registrar
Treasurer of the State of Kansas, Topeka, Kansas.
Good Faith Deposit
Each bid shall be accompanied by a cashier’s or certified check drawn on a bank located in the United States of America or a wire transfer in the manner that complies with the requirements set forth in the Notice of Sale in the amount of $1,043,400 (2% of the principal amount of the Bonds).
Delivery
The City will pay for preparation of the Bonds and will deliver the same properly prepared, executed, and registered without cost to the successful bidder on or about November 18, 2021 to DTC.
Assessed Valuation and Indebtedness
The equalized assessed tangible valuation for computation of bonded debt limitations for the year 2020 is $1,080,925,554. The total general obligation bonded indebtedness of the City as of the date of the Bonds, including the Bonds, is $111,630,000.
Approval of Bonds
The Bonds will be sold subject to the legal opinion of Kutak Rock LLP, Kansas City, Missouri, Bond Counsel, whose approving legal opinion as to the validity of the Bonds will be furnished and paid for by the City and delivered to the successful bidder as and when the Bonds are delivered.
Additional Information
Additional information regarding the Bonds may be obtained from the Financial Advisor, Columbia Capital Management, LLC, Attn: Mr. Jeff White, 6330 Lamar, Suite 200, Overland Park, KS 66202, phone 913-248-8500; Shawnee City Hall, Attn: Mr. Don Cawby, 11110 Johnson Dr., Shawnee, KS 66203, phone 913-742-6263; or from Kutak Rock LLP, Bond Counsel, Attn: Mr. Joseph D. Serrano, 2300 Main St., Suite 800, Kansas City, MO 64108-2416, phone 816-960-0090.
Dated October 5, 2021.
City of Shawnee, Kansas
Don Cawby, Finance Director
Shawnee City Hall
11110 Johnson Dr.
Shawnee, KS 66203
913-742-6263
* Preliminary, subject to change
Doc. No. 049489
