Volume 41 - Issue 10 - March 10, 2022
(Published in the Kansas Register March 10, 2022.)
City of Atchison, Kansas
Summary Notice of Bond Sale
$1,260,000*
General Obligation Bonds, Series 2022-A
(General Obligation Bonds Payable from Unlimited Ad Valorem Taxes)
Bids
Subject to the Notice of Bond Sale dated February 7, 2022 (the “Notice”), facsimile and electronic bids will be received on behalf of the Finance Manager of the City of Atchison, Kansas (the “Issuer”) in the case of facsimile] bids, at the address set forth below, and in the case of electronic bids, through PARITY® until 11:00 a.m. (CST) March 21, 2022, for the purchase of the above-referenced bonds (the “Bonds”). No bid of less than 100% of the principal amount 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 be dated April 13, 2022, and will become due on September 1 in the years as follows:
| Year | Principal Amount* |
|---|---|
| 2023 | $60,000 |
| 2024 | 75,000 |
| 2025 | 75,000 |
| 2026 | 80,000 |
| 2027 | 80,000 |
| 2028 | 80,000 |
| 2029 | 85,000 |
| 2030 | 85,000 |
| 2031 | 85,000 |
| 2032 | 85,000 |
| 2033 | 90,000 |
| 2034 | 90,000 |
| 2035 | 95,000 |
| 2036 | 95,000 |
| 2037 | 100,000 |
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.
Book-Entry-Only System
The Bonds shall be registered under a book-entry-only system administered through DTC.
Paying Agent and Bond Registrar
Treasurer of the State of Kansas, Topeka, Kansas.
Good Faith Deposit
Each bid shall be accompanied (in the manner set forth in the Notice) by a good faith deposit in the form of a cashier’s or certified check drawn on a bank located in the United States of America or a wire transfer in Federal Reserve funds immediately available for use by the Issuer in the amount of $25,200.
Delivery
The Issuer 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 April 13, 2022, to DTC for the account of the successful bidder.
Assessed Valuation and Indebtedness
The Equalized Assessed Tangible Valuation for Computation of Bonded Debt Limitations for the year 2021 is $88,109,185. The total general obligation indebtedness of the Issuer as of the Dated Date, including the Bonds being sold, is $22,130,000. Temporary notes in the principal amount of $1,200,000 will be retired out of proceeds of the Bonds, which will reduce the outstanding general obligation indebtedness of the Issuer to $20,930,000.
Approval of Bonds
The Bonds will be sold subject to the legal opinion of Gilmore & Bell, P.C., Wichita, Kansas, Bond Counsel to the Issuer, whose approving legal opinion as to the validity of the Bonds will be furnished and paid for by the Issuer, printed on the Bonds, 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 undersigned or from the Municipal Advisor at the addresses set forth below:
Issuer – Facsimile Bid and Good Faith Deposit Delivery Address
City of Atchison, Kansas
Attn: Cari Strieby, Finance Manager
City Hall
515 Kansas Ave.
PO Box 314
Atchison, KS 66002
913-367-5500
Fax: 913-367-3654
caris@cityofatchison.com
Municipal Advisor
Stifel, Nicolaus & Company, Incorporated
Attn: Dave Arteberry
Plaza Colonnade
4801 Main St., Suite 530
Kansas City, MO 64112
816-203-8733
arteberryd@stifel.com
Dated February 7, 2022.
Cari Strieby
Finance Manager
* Subject to change, see the Notice
Doc. No. 049923
