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Publications iconKansas Register

Volume 42 - Issue 21 - May 25, 2023

(Published in the Kansas Register May 25, 2023.)

City of Olathe, Kansas

Summary Notice of Sale
General Obligation Improvement Bonds, Series 2023A

(General Obligation Bonds Payable from Unlimited Ad Valorem Taxes)


Subject to the Notice of Sale dated on or about May 18, 2023 (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 20, 2023 (the “Sale Date”) until 10:00 a.m. (Central Time), 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 18, 2023, and will become due on October 1 in the years as follows:

Year Principal Amount*
2024 $2,160,000
2025 2,225,000
2026 2,290,000
2027 2,355,000
2028 2,415,000
2029 2,480,000
2030 2,545,000
2031 2,610,000
2032 2,680,000
2033 2,750,000
2034 1,345,000
2035 1,385,000
2036 1,425,000
2037 1,470,000
2038 1,520,000
2039 1,575,000
2040 1,630,000
2041 1,685,000
2042 1,745,000
2043 1,810,000
* Subject to change, see the Notice.

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, 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 must submit a good faith deposit in the amount of 2% of the principal amount of the Bonds, in the form of a wire transfer in Federal Reserve funds immediately available for use by the Issuer, by 2:00 p.m. (Central Time) on the Sale Date, as further set forth in the Notice.


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 18, 2023, 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 was $2,650,303,057. 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 $333,725,000.

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
6700 Antioch, Suite 250
Merriam, KS 66204
913-312-8078 or 913-312-8072
Fax: 913-312-8053 or

Dated May 23, 2023.

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

Doc. No. 051160