Volume 42 - Issue 21 - May 25, 2023
(Published in the Kansas Register May 25, 2023.)
Unified School District No. 229,
Johnson County, Kansas (Blue Valley)
Summary Notice of Bond Sale
$150,000,000
General Obligation School Bonds
Series 2023-A
(General Obligation Bonds Payable from Unlimited Ad Valorem Taxes)
Bids
Subject to the Notice of Bond Sale dated on or about June 5, 2023 (the “Notice”), email and electronic bids will be received on behalf of the Executive Director of Finance of Unified School District No. 229, Johnson County, Kansas (Blue Valley) (the “Issuer”) in the case of email bids, at arteberryd@stifel.com, and in the case of electronic bids, through PARITY® until 11:00 a.m. (Central Time) June 12, 2023, 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 June 29, 2023, and will become due on October 1 in the years as follows:
| Year | Principal Amount* |
|---|---|
| 2024 | $12,275,000 |
| 2025 | 13,725,000 |
| 2026 | 4,545,000 |
| 2027 | 4,770,000 |
| 2028 | 5,010,000 |
| 2029 | 5,260,000 |
| 2030 | 5,525,000 |
| 2031 | 5,800,000 |
| 2032 | 6,090,000 |
| 2033 | 6,395,000 |
| 2034 | 6,715,000 |
| 2035 | 6,980,000 |
| 2036 | 7,260,000 |
| 2037 | 7,550,000 |
| 2038 | 7,855,000 |
| 2039 | 8,170,000 |
| 2040 | 8,495,000 |
| 2041 | 8,835,000 |
| 2042 | 9,190,000 |
| 2043 | 9,555,000 |
| * 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 April 1, 2024.
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 equal to 2% of the principal amount of the Bonds.
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 June 29, 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 $4,163,947,016. The total general obligation indebtedness of the Issuer as of the Dated Date, including the Bonds being sold, is $480,415,000.
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 Stifel, Nicolaus & Company, Incorporated at the addresses set forth below:
Good Faith Deposit Delivery Address
Unified School District No. 229, Johnson County, Kansas (Blue Valley)
Attn: Jeremy McFadden, Executive Director of Finance
15020 Metcalf
Overland Park, KS 66223
913-239-4206
jdmcfadden@bluevalleyk12.org
Municipal Advisor – Email Bid Address
Stifel, Nicolaus & Company, Inc.
Attn: David Arteberry
4801 Main St., Suite 530
Kansas City, MO 64112
816-203-8733
arteberryd@stifel.com
Dated May 25, 2023.
Jeremy McFadden
Executive Director of Finance
Unified School District No. 229
Doc. No. 051174
