Volume 44 - Issue 12 - March 20, 2025
State of Kansas
Kansas Development Finance Authority
Notice of Hearing
A public hearing will be held at 9:30 a.m. April 8, 2025, in the offices of Kansas Development Finance Authority, 534 S. Kansas Ave., Suite 800, Topeka, Kansas, on the proposal for the Kansas Development Finance Authority to issue its Agricultural Development Revenue Bonds for the Project(s) numbered below, in the respective maximum principal amounts. The Bond(s) will be issued to assist the respective Borrower (the “Beginning Farmer”) named below (who will be the owner and operator of the respective Project) to finance the cost in the amount of the Bond, which is then typically purchased by a lender bank (“Lender”) who then through Kansas Development Finance Authority, loans the bond proceeds to the Borrower for the purposes of acquiring the respective Project(s) as described below. Each Project shall be located as shown:
Project No. 001161 Maximum Principal Amount: $388,600. Owner/Operator: Coy M. Horton; Description: Acquisition of 140 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 Coy M. Horton (the “Beginning Farmer”) and is located at Section 23, Americus Township, Lyon County, Kansas, approximately 4 miles north of Americus, Kansas on County Road F to County Road 280 then 1 mile west on the Southeast side of intersection between 280 and E.
Project No. 001162 Maximum Principal Amount: $467,500. Owner/Operator: Dylan and Jenna Rethman; Description: Acquisition of 108 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 Dylan and Jenna Rethman (the “Beginning Farmer”) and is located in the East Half of the Northeast Quarter of Section 25, and in the West Half of Section 30, Township 3, Range 13, Nemaha County, Kansas, approximately 2 miles north of Kelly, Kansas then 1/2 mile west.
Project No. 001164 Maximum Principal Amount: $300,000. Owner/Operator: Charles J. Timmons; Description: Acquisition of 152 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 Charles J. Timmons (the “Beginning Farmer”) and is located at the Northwest Quarter of Section 19, Township 3, Range 13, Smith County, Kansas, approximately 2 miles west of Smith Center, Kansas on 165 Road.
Each Bond when issued, will be a limited obligation of the Kansas Development Finance Authority and will not constitute a general obligation or indebtedness of the State of Kansas or any political subdivision thereof, including the Authority, nor will it be an indebtedness for which the faith and credit and taxing powers of the State of Kansas are pledged, but each Bond will be payable solely and only 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 each Bond as and when it shall 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.
At the time and place fixed for the hearings, all individuals who appear will be given an opportunity to express their views for or against the proposal to issue any specific Bond for the purpose of financing the respective Project, and all written comments previously filed with the Authority at its offices at Suite 800, 534 S. Kansas Avenue, Topeka, Kansas, 66603, will be considered. Additional information regarding any of the projects described above may be obtained by contacting the Authority at the address of its offices shown above.
Rebecca Floyd
President
Kansas Development Finance Authority
Doc. No. 052955
