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Publications iconKansas Register

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Volume 43 - Issue 30 - July 25, 2024

State of Kansas

Kansas Development Finance Authority

Notice of Hearing

A public hearing will be conducted at 9:00 a.m. Friday, August 9, 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. 001138 Maximum Principal Amount: $649,400. Owner/Operator: Steven and Paige Busenitz; Description: Acquisition of 157 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 Steven and Paige Busenitz (the “Beginning Farmer”) and is located at Section 23, Clifford Township, Butler County, Kansas, approximately 4 miles south and 4 miles west of Burns, Kansas on NW 140th and NW Ohio Road.

Project No. 001140 Maximum Principal Amount: $49,851. Owner/Operator: Slade and Kristy M. Sare; Description: Acquisition of 39.27 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 Slade and Kristy M. Sare (the “Beginning Farmer”) and is located at the North Half of the Southeast Quarter of Section 16, Township 15, Range 01 (minus pasture and homestead), Dickinson County, Kansas, approximately 10 miles south and 5 miles west of Abilene, Kansas.

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. 052322

Secretary of State Seal