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Publications iconKansas Register

Volume 41 - Issue 22 - June 2, 2022

(Published in the Kansas Register June 2, 2022.)

City of Olathe, Kansas

Summary Notice of Bond Sale
General Obligation Improvement Bonds, Series 235

(General Obligation Bonds Payable from Unlimited Ad Valorem Taxes)


Subject to the Notice of Bond Sale dated May 17, 2022 (the “Notice”), emailed and electronic bids will be received on behalf of the Chief Financial Officer of the City of Olathe, Kansas (the “Issuer”) in the case of emailed bids, via email to and, and in the case of electronic bids, via (the “Columbia Capital Auction”) on June 21, 2022 (the “Sale Date”) until 10:00 a.m. (CDT), for the purchase of the above-referenced bonds (the “Bonds”). No bid of less than 99% 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 July 19, 2022, and will become due on October 1 in the years as follows:

Year Principal Amount*
2023 $1,625,000
2024 1,660,000
2025 1,700,000
2026 1,740,000
2027 1,785,000
2028 1,840,000
2029 1,890,000
2030 1,945,000
2031 2,005,000
2032 2,065,000
2033 305,000
2034 315,000
2035 325,000
2036 335,000
2037 345,000
2038 360,000
2039 370,000
2040 385,000
2041 395,000
2042 410,000

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 April 1 and October 1 in each year, beginning on October 1, 2022.

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 $432,000.


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 July 19, 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 $ 2,448,806,626. The total general obligation indebtedness of the Issuer as of the Dated Date, including the Bonds being sold and temporary notes being sold contemporaneously with the Bonds but excluding any temporary notes to be refunded with proceeds of the Bonds, is $316,730,000.

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, or from the Financial Advisor, at the addresses set forth below:

Financial Advisor

Columbia Capital Management
Attn: Jeff White or James Prichard
6330 Lamar Ave., Suite 200
Overland Park, KS 66202
913-312-8078 or 913-312-8072
Fax: 913-312-8053 or

Dated May 17, 2022.

City of Olathe, Kansas
Briana Burrichter
Chief Financial Officer
City Hall
100 E. Santa Fe
Olathe, KS 66061
Fax: 913-971-8715

* Subject to change, see the Notice of Sale.

Doc. No. 050192