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Publications iconKansas Register

Volume 42 - Issue 23 - June 8, 2023

(Published in the Kansas Register June 8, 2023.)

Unified School District No. 360,
Sumner County, Kansas (Caldwell)

Summary Notice of Bond Sale
General Obligation Bonds, Series 2023

(General Obligation Bonds Payable from Unlimited Ad Valorem Taxes)


Subject to the Notice of Bond Sale dated May 25, 2023 (the “Notice”), facsimile and electronic bids will be received on behalf of the Clerk of Unified School District No. 360, Sumner County, Kansas (Caldwell) (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. (Central Time) June 26, 2023, for the purchase of the above-referenced bonds (the “Bonds”). No bid of less than 103% 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, 2023, and will become due on September 1 in the years as follows:

Year Principal Amount*
2024 $55,000
2025 95,000
2026 105,000
2027 115,000
2028 125,000
2029 140,000
2030 150,000
2031 165,000
2032 175,000
2033 190,000
2034 200,000
2035 215,000
2036 230,000
2037 245,000
2038 255,000
2039 270,000
2040 290,000
2041 305,000
2042 320,000
2043 340,000
2044 360,000
2045 380,000
2046 400,000
2047 420,000
2048 445,000
* 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 March 1 and September 1 in each year, beginning on March 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 of $119,800.


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, 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 is $20,013,617. The total general obligation indebtedness of the Issuer as of the Dated Date, including the Bonds being sold, is $5,990,000.

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 Financial Advisor at the addresses set forth below:


Unified School District No. 360 District Office
Attn: Skyler Mendez, Clerk
22 N. Webb
Caldwell, KS 67022
Fax: 620-845-2610

Financial Advisor

Piper Sandler & Co.
Attn: Dustin Avey
11635 Rosewood St.
Leawood, KS 66211
Fax: 913-345-3393

Dated May 25, 2023.

Skyler Mendez
Unified School District No. 360

Doc. No. 051204