Government Website icon

The .gov means it's official.
A .gov website belongs to an official government organization in the United States.

Padlock icon

The site is secure.
The https:// or lock icon ensures you're safely connected to the website and any information you provide is encrypted.

Publications iconKansas Register

Volume 43 - Issue 29 - July 18, 2024

(Published in the Kansas Register July 18, 2024.)

City of Eudora, Kansas

Summary Notice of Bond Sale
$1,075,000*
General Obligation Bonds, Series 2024-A

$2,340,000*
Taxable General Obligation Bonds, Series 2024-B

(General Obligation Bonds Payable from Unlimited Ad Valorem Taxes)

Bids

Subject to the Notice of Bond Sale dated on or about July 26, 2024 (the “Notice”), email and electronic bids will be received on behalf of the City of Eudora, Kansas (the “Issuer”) in the case of email bids, at bids@bakertilly.com, and in the case of electronic bids, through PARITY® until 10:30 a.m. (Central Time) August 5, 2024, for the purchase of the above-referenced bonds (the “Bonds”). No bid of less than 98.4% of the principal amount of the respective series of 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 August 29, 2024, and will become due on September 1 in the years as follows:

Series 2024-A Bonds
Year Principal Amount*
2026 $35,000
2027 40,000
2028 40,000
2029 40,000
2030 40,000
2031 45,000
2032 45,000
2033 45,000
2034 50,000
2035 50,000
2036 55,000
2037 55,000
2038 55,000
2039 60,000
2040 60,000
2041 65,000
2042 70,000
2043 70,000
2044 75,000
2045 80,000
* Subject to change, see the Notice.
Series 2024-B Bonds
Year Principal Amount*
2026 $45,000
2027 65,000
2028 70,000
2029 75,000
2030 85,000
2031 90,000
2032 100,000
2033 110,000
2034 120,000
2035 125,000
2036 140,000
2037 150,000
2038 160,000
2039 175,000
2040 185,000
2041 200,000
2042 215,000
2043 230,000
* 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, 2025.

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 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% of the principal amount of the applicable series of Bonds in the manner that complies with the requirements set forth in the Notice.

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 August 29, 2024, 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 2023 was $77,303,793. The total general obligation indebtedness of the Issuer as of the Dated Date, including the Bonds being sold and excluding the temporary notes being retired with proceeds of the Bonds, is $12,710,000.

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

Baker Tilly Municipal Advisors, LLC
Attn: Bond Services
30 E. Seventh St., Suite 3025
Saint Paul, MN 55101
651-223-3000
bids@bakertilly.com

Dated July 18, 2024.

City of Eudora, Kansas
Kelly Delay, City Clerk
Eudora City Hall
4 E. Seventh St.
Eudora, KS 66025
785-542-2153
Fax: 785-542-1237
kdelay@cityofeudoraks.gov

Doc. No. 052307