Volume 43 - Issue 1 - January 4, 2024
State of Kansas
Kansas Development Finance Authority
Notice of Hearing
A public hearing will be conducted at 9:00 a.m. Tuesday, January 23, 2024, in the offices of the Kansas Development Finance Authority (KDFA), 534 S. Kansas Ave., Suite 800, Topeka, Kansas, on the proposal for the KDFA to issue its Agricultural Development Revenue Bonds for the projects numbered below in the respective maximum principal amounts. The bonds will be issued to assist the borrowers named below (who will be the owners and operators of the projects) to finance the cost in the amount of the bonds, which are then typically purchased by a lender bank who then, through the KDFA, loans the bond proceeds to the borrower for the purposes of acquiring the project. The projects shall be located as shown:
Project No. 001126 Maximum Principal Amount: $364,850. Owner/Operator: Zachary Schotte; Description: Acquisition of 114 acres of agricultural land and related improvements and equipment to be used by the owner/operator for farming purposes (the “Project”). The Project is being financed by the Lender for Zachary Schotte (the “Beginning Farmer”) and is located at Lot 4 of the Southwest Quarter of Section 7, Township 1 South, Range 7 East; and the Southeast Quarter of the Southwest Quarter of Section 7, Township 1 South, Range 7 East, and Lot 7 and Lot 8 in the Northwest Quarter of Section 18, Township 1 South, Range 7 East, all in Marshall County, Kansas, approximately two miles west of Lone Elm corner on Highway 77 and ¾ mile north on 7th Road on the east side of the road.
Project No. 001127 Maximum Principal Amount: $229,150. Owner/Operator: Benjamin L. Koch; Description: Acquisition of 80 acres of agricultural land and related improvements and equipment to be used by the owner/operator for farming purposes (the “Project”). The Project is being financed by the Lender for Benjamin L. Koch (the “Beginning Farmer”) and is located at the East Half of the Northwest Quarter in Section 9, Township 2, Range 9, Marshall County, Kansas, approximately 2.5 miles north of Beattie, Kansas on 21st Road, then ¼ mile east on Granite Road.
The bonds, when issued, will be a limited obligation of the KDFA and will not constitute a general obligation or indebtedness of the state of Kansas or any political subdivision thereof, including the KDFA, nor will they be an indebtedness for which the faith and credit and taxing powers of the state of Kansas are pledged. The bonds will be payable solely from amounts received from the respective borrower, the obligation of which will be sufficient to pay the principal of, interest and redemption premium, if any, on the bonds when they become due.
Interested individuals may participate in the public hearing in person or via conference call. Please call 844-621-3956 and use conference identification number 145 880 8929 followed by # to join the conference.
All individuals who appear at the hearing will be given an opportunity to express their views concerning the proposal to issue the bonds to finance the projects, and all written comments previously filed with the KDFA at its offices at 534 S. Kansas Ave., Suite 800, Topeka, KS 66603, will be considered. Additional information regarding the projects may be obtained by contacting the KDFA.
Rebecca Floyd
President
Kansas Development Finance Authority
Doc. No. 051764
