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Publications iconKansas Register

Volume 41 - Issue 12 - March 24, 2022

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

City of Lawrence, Kansas

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

(General Obligation Bonds Payable from Unlimited Ad Valorem Taxes)


Subject to the Notice of Sale dated on or about March 23, 2022 (the “Notice”), electronic bids will be received on behalf of the Clerk of the City of Lawrence, Kansas (the “Issuer”) through PARITY® or via email to the Municipal Advisor at until 10:00 a.m., (CDT) April 5, 2022, for the purchase of the above-referenced bonds (the “Bonds”). No bid for the Bonds of less than 99.00% 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 28, 2022, and will become due on September 1 in the years as follows:

Maturity Date
(September 1)
2023 $330,000
2024 375,000
2025 385,000
2026 390,000
2027 395,000
2028 275,000
2029 280,000
2030 285,000
2031 295,000
2032 300,000
2033 265,000
2034 270,000
2035 280,000
2036 285,000
2037 295,000
2038 300,000
2039 310,000
2040 315,000
2041 325,000
2042 335,000

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

The successful bidder for the Bonds shall submit a good faith deposit in the form of a wire transfer in Federal Reserve funds immediately available for use by the Issuer in the amount of 2.00% of the principal amount of the Bonds in the manner that complies with the requirements set forth in the Notice of Sale.


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 28, 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 was $1,273,713,789. The total general obligation indebtedness of the Issuer as of the Dated Date, including the Bonds and temporary notes being sold contemporaneously with the Bonds, but excluding any temporary notes to be paid off with the proceeds thereof, is $171,488,000.

Approval of Bonds

The Bonds will be sold subject to the legal opinion of Gilmore & Bell, P.C., Kansas City, Missouri, 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 Municipal Advisor or Finance Director at the addresses set forth below:

Municipal Advisor

Baker Tilly Municipal Advisors, LLC
Attn: Bond Services
225 S. Sixth St., Suite 2300
Minneapolis, MN 55402
Fax: 651-223-3046

Dated March 24, 2022.

City of Lawrence, Kansas
Jeremy Willmoth, Finance Director
City Hall
6 E. 6th St.
Lawrence, KS 66044
Fax: 785-832-3405

*Preliminary; subject to change.

Doc. No. 049949