Volume 40 - Issue 43 - October 28, 2021
(Published in the Kansas Register October 28, 2021.)
Fire District No. 2
Johnson County, Kansas
Summary Notice of Bond Sale
$3,360,000*
General Obligation Bonds
Series 2021-A
(General Obligation Bonds Payable from Unlimited Ad Valorem Taxes)
Bids
Subject to the Notice of Bond Sale dated on or about November 9, 2021 (the “Notice of Sale”), sealed bids will be received by James B. Francis, Fire Chief of Fire District No. 2, Johnson County, Kansas (the “District”), on behalf of the governing body of the District, at 19120 Metcalf, Stilwell, KS 66085, or, in the case of electronic proposals, via PARITY® Electronic Bid Submission System (“PARITY”) until 11:00 a.m. (CST) November 17, 2021, for the purchase of $3,360,000* principal amount of General Obligation Bonds, Series 2021A (the “Bonds”). No bid of less than the entire par value of the Bonds, plus accrued interest to the date of delivery, if any, will be considered. Bidders may be required to be qualified in a manner established by the District 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 December 15, 2021, and will become due on September 1 in the years as follows:
| Year | Principal Amount* |
|---|---|
| 2022 | $335,000 |
| 2023 | 325,000 |
| 2024 | 330,000 |
| 2025 | 330,000 |
| 2026 | 330,000 |
| 2027 | 335,000 |
| 2028 | 340,000 |
| 2029 | 340,000 |
| 2030 | 345,000 |
| 2031 | 350,000 |
The Bonds will bear interest from that 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 March 1 and September 1 in each year, beginning on March 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.
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 $67,200 (2% of the principal amount of the Bonds).
Delivery
The District 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 December 15, 2021, at the offices of The Depository Trust Company, New York, New York.
Assessed Valuation and Indebtedness
The equalized assessed tangible valuation for computation of bonded debt limitations for the year 2020 is $277,329,804. The total general obligation indebtedness of the District as of the date of the Bonds, including the Bonds being sold, is $5,360,000.
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 District 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 Fire Chief or from the District’s Financial Advisor, Stifel, Nicolaus & Company, Incorporated, Attn: David Arteberry, 4801 Main St., Suite 530, Kansas City, MO 64112, phone 816-203-8733, or from Kutak Rock LLP, Bond Counsel, Attn: Tyler Ellsworth, Two Pershing Square, 2300 Main St., Suite 800, Kansas City, MO 64108-2416, phone 816-960-0090.
Dated October 21, 2021.
Fire District No. 2,
Johnson County, Kansas
James B. Francis
Fire Chief
19120 Metcalf
Stilwell, KS 66085
913-681-2764
* Preliminary; subject to change.
Doc. No. 049527
