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Publications iconKansas Register

Volume 41 - Issue 30 - July 28, 2022

(Published in the Kansas Register July 28, 2022.)

City of Winfield, Kansas

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

(General Obligation Bonds Payable from Unlimited Ad Valorem Taxes)


Subject to the Notice of Bond Sale dated July 18, 2022 (the “Notice”), facsimile and electronic bids will be received on behalf of the Finance Director of the City of Winfield, 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. (CDT) August 15, 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 September 8, 2022, and will become due on September 1 in the years as follows:

Year Principal Amount*
2023 $340,000
2024 425,000
2025 440,000
2026 445,000
2027 465,000
2028 470,000
2029 480,000
2030 495,000
2031 510,000
2032 520,000
2033 540,000
2034 560,000
2035 575,000
2036 590,000
2037 610,000
2038 360,000
2039 375,000
2040 385,000
2041 400,000
2042 415,000

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 $188,000.


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 September 8, 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 2022 is $91,066,952. The total general obligation indebtedness of the Issuer as of the Dated Date, including the Bonds being sold, is $33,295,000. Temporary notes in the principal amount of $1,900,000 will be retired out of proceeds of the Bonds and other available funds, which will reduce the outstanding general obligation indebtedness of the Issuer to $31,395,000.

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 Winfield, Kansas
Attn: Brenda Peters, Finance Director
City Hall
200 E. Ninth Ave.
Winfield, KS 67156
Fax: 620-221-5593

Municipal Advisor

Stifel, Nicolaus & Company, Incorporated
Attn: Dave Arteberry
Plaza Colonnade
4801 Main St., Suite 530
Kansas City, MO 64112

Dated July 18, 2022.

Brenda Peters
Finance Director

* Subject to change, see the Notice

Doc. No. 050377