Volume 40 - Issue 52 - December 30, 2021
State of Kansas
Kansas Development Finance Authority
Notice of Hearing
A public hearing will be conducted at 9:00 a.m. Tuesday, January 18, 2022, in the offices of the Kansas Development Finance Authority (KDFA), 534 S. Kansas Ave., Suite 800, Topeka, Kansas, on the proposal for the KDFA to issue its Agricultural Development Revenue Bonds for the projects numbered below in the respective maximum principal amounts. The bonds will be issued to assist the borrowers named below (who will be the owners and operators of the projects) to finance the cost in the amount of the bonds, which are then typically purchased by a lender bank who then, through the KDFA, loans the bond proceeds to the borrower for the purposes of acquiring the project. The projects shall be located as shown:
Project No. 001089 Maximum Principal Amount: $575,400. Owner/Operator: Joshua D. and Leanna J. Hartter; Description: Acquisition of 125.85 acres of agricultural land and related improvements and equipment to be used by the owner/operator for farming purposes (the “Project”). The Project is being financed by the Lender for Joshua D. and Leanna J. Hartter (the “Beginning Farmer”) and is located at Section 22, Rock Creek Township, Nemaha County, Kansas, at the intersection of W Road and 160th Road ½ mile north of Highway 36.
Project No. 001090 Maximum Principal Amount: $406,091.37. Owner/Operator: Jacob D. and Rachel A. Hartter; Description: Acquisition of 80.81 acres of agricultural land and related improvements and equipment to be used by the owner/operator for farming purposes (the “Project”). The Project is being financed by the Lender for Jacob D. and Rachel A. Hartter (the “Beginning Farmer”) and is located at Section 10, Township 2, Range 14, Nemaha County, Kansas, at the intersection of W Road and 176th Road, 3.25 miles north of Highway 36.
Project No. 001091 Maximum Principal Amount: $190,000. Owner/Operator: Harley M. Sauer; Description: Acquisition of 76 acres of agricultural land and related improvements and equipment to be used by the owner/operator for farming purposes (the “Project”). The Project is being financed by the Lender for Harley M. Sauer (the “Beginning Farmer”) and is located at the West Half of the Southwest Quarter in Section 26, Granada Township, Nemaha County, Kansas, approximately 5½ miles east of Kelly, Kansas on 96th Road then south ½ mile on S Road.
The bonds, when issued, will be a limited obligation of the KDFA and will not constitute a general obligation or indebtedness of the state of Kansas or any political subdivision thereof, including the KDFA, nor will they be an indebtedness for which the faith and credit and taxing powers of the state of Kansas are pledged. The bonds will be payable solely from amounts received from the respective borrower, the obligation of which will be sufficient to pay the principal of, interest and redemption premium, if any, on the bonds when they become due.
As part of ongoing efforts to limit the spread of novel coronavirus in Kansas, interested individuals may participate in the public hearing via conference call. Please call toll free number 866-620-7326 and use conference identification number 159 722 1260 followed by # to join the conference.
All individuals who appear at the hearing will be given an opportunity to express their views concerning the proposal to issue the bonds to finance the projects, and all written comments previously filed with the KDFA at its offices at 534 S. Kansas Ave., Suite 800, Topeka, KS 66603, will be considered. Additional information regarding the projects may be obtained by contacting the KDFA.
Rebecca Floyd
President
Doc. No. 049681
