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Publications iconKansas Register

Volume 41 - Issue 8 - February 24, 2022

(Published in the Kansas Register February 24, 2022.)

City of Leavenworth, Kansas

Summary Notice of Bond Sale
General Obligation Bonds
Series 2022-A

(General obligation bonds payable from unlimited ad valorem taxes)


Subject to the Official Notice of Bond Sale and Preliminary Official Statement dated February 23, 2022, sealed, facsimile and electronic bids will be received by the City Clerk of the City of Leavenworth, Kansas, (the “City” or the “Issuer”) on behalf of the governing body of the City in the case of sealed bids, at City Hall, 100 N. Fifth, Leavenworth, KS 66048, via facsimile at 913-651-7143 and in the case of electronic bids, via BIDCOMP/PARITY electronic bid submission system, until 10:00 a.m. (CST) Tuesday, March 8, 2022, for the purchase of $1,450,000* principal amount of General Obligation Bonds, Series 2022-A (the “Bonds”). No bid of less than the entire par value of the Bonds and accrued interest thereon to the date of delivery will be considered.

Bond Details

The Bonds will consist of fully registered bonds in the denomination of $5,000 or any integral multiple thereof. The Bonds will initially be registered in the name of Cede & Co., as nominee of the Depository Trust Company, New York, New York, to which payments of principal of and interest on the Bonds will be made. Individual purchases of bonds will be made in book-entry form only. Purchasers will not receive certificates representing their interest in bonds purchased. The Bonds will be dated March 30, 2022, and will become due serially on September 1, in the years as follows:

Year Principal Amount*
2023 $125,000
2024 140,000
2025 140,000
2026 140,000
2027 145,000
2028 145,000
2029 150,000
2030 150,000
2031 155,000
2032 160,000

The Bonds will be subject to mandatory and optional redemption prior to maturity as provided in the Official Notice of Bond Sale.

The Bonds will bear interest from the date thereof at rates to be determined when the Bonds are sold as hereinafter provided, which interest will be payable semiannually on March 1 and September 1 in each year, beginning on March 1, 2023.

Paying Agent and Bond Registrar

The Kansas State Treasurer, Topeka, Kansas will be the Paying Agent and Bond Registrar.

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, a wire transfer or a qualified financial surety bond in the amount of $29,000 (2 percent of the principal amount of the Bonds).


The Issuer will pay for printing the Bonds and will deliver the same properly prepared, executed, and registered to the facilities of the Depository Trust Company, Jersey City, New Jersey, without cost to the successful bidder within 45 days after the date of sale.

Assessed Valuation and Indebtedness

The total assessed valuation of the taxable tangible property within the City for the year 2021 is $274,469,387. The total general obligation indebtedness of the City following the issuance of the Bonds and the City’s Temporary Notes, Series A2022, in the principal amount of $2,125,000, is $33,150,000 which excludes the City’s Temporary Notes, Series A2021, in the aggregate principal amount of $1,400,000, which will be redeemed and paid with proceeds of the Bonds herein offered for sale. In accordance with the Municipal Advisor’s agreement with the City, the Municipal Advisor will not submit a bid or participate in a group submitting a bid for the purchase of the Bonds.

Approval of Bonds

The Bonds will be sold subject to the legal opinion of Nichols and Wolfe Chartered, Topeka, Kansas, bond counsel, whose approving legal opinion as to the validity of the Bonds, will be furnished and paid for by the Issuer 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 City Clerk; phone 913-684-0335, or from the City’s Financial Advisor, Raymond James & Associates, Inc., Attn: Greg Vahrenberg, 11551 Ash Street, Suite 250, Leawood, KS 66211; phone 816-509-5451; email

Dated February 23, 2022.

City of Leavenworth, Kansas
Sarah Bodensteiner, City Clerk
City Hall
100 N. Fifth St.
Leavenworth, KS 66048

* Subject to Change

Doc. No. 049854