Volume 42 - Issue 42 - October 19, 2023
(Published in the Kansas Register October 19, 2023.)
City of Edgerton, Kansas
Summary Notice of Bond Sale
$10,000,000*
General Obligation Bonds
Series 2023A
(General Obligation Bonds Payable from Unlimited Ad Valorem Taxes)
Bids
Subject to the Notice of Bond Sale dated on or about November 2, 2023 (the “Notice”), email and electronic bids will be received on behalf of the Clerk of the City of Edgerton, Kansas (the “Issuer”) in the case of email bids, via email to jwhite@columbiacapital.com and kdwyer@columbiacapital.com, and in the case of electronic bids, via www.columbiacapitalauction.com until 9:30 a.m. (Central Time) November 9, 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 November 28, 2023, and will become due on August 1 in the years as follows:
| Year | Principal Amount* |
|---|---|
| 2026 | $190,000 |
| 2027 | 195,000 |
| 2028 | 205,000 |
| 2029 | 215,000 |
| 2030 | 220,000 |
| 2031 | 230,000 |
| 2032 | 240,000 |
| 2033 | 250,000 |
| 2034 | 260,000 |
| 2035 | 270,000 |
| 2036 | 280,000 |
| 2037 | 290,000 |
| 2038 | 305,000 |
| 2039 | 315,000 |
| 2040 | 335,000 |
| 2041 | 350,000 |
| 2042 | 365,000 |
| 2043 | 385,000 |
| 2044 | 405,000 |
| 2045 | 425,000 |
| 2046 | 445,000 |
| 2047 | 470,000 |
| 2048 | 490,000 |
| 2049 | 515,000 |
| 2050 | 545,000 |
| 2051 | 570,000 |
| 2052 | 600,000 |
| 2053 | 635,000 |
| * Preliminary; subject to change as provided in 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 February 1 and August 1 in each year, beginning on February 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
The successful bidder for the Bonds shall submit a good faith deposit in the form of a wire transfer in Federal Reserve funds immediately available for use by the Issuer in the amount of 2.00% of the principal amount of the Bonds in the manner that complies with the requirements set forth in the Notice.
Delivery and Payment
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 November 28, 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 $61,368,006. The total general obligation indebtedness of the Issuer as of the Dated Date, including the Bonds being sold, is $19,503,000.
Approval of Bonds
The Bonds will be sold subject to the approving 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 – Email Bid Address
Columbia Capital Management, LLC
Attn: Jeff White or Khalen Dwyer
6700 Antioch Rd., Suite 250
Merriam, KS 66204
913-312-8077 or 913-312-8068
jwhite@columbiacapital.com or
kdwyer@columbiacapital.com
Dated October 19, 2023.
City of Edgerton, Kansas
Alexandria Clower
City Clerk
404 E. Nelson St.
Edgerton, KS 66021
913-893-6231
Doc. No. 051583
