Volume 44 - Issue 23- June 5, 2025
(Published in the Kansas Register June 5, 2025.)
City of Merriam, Kansas
Summary Notice of Bond Sale
$25,100,000*
General Obligation Bonds
Series 2025A
(General Obligation Bonds Payable from Unlimited Ad Valorem Taxes)
Bids
Subject to the Notice of Bond Sale dated on or about June 17, 2025 (the “Notice of Sale”) bids will be received on behalf of the City of Merriam, Kansas (the “City”), by Columbia Capital Management, LLC, 6700 Antioch Rd., Suite 250, Merriam, KS 66204, via Grant Street Group’s MuniAuction.com Electronic Bid Submission System at https://www.columbiacapitalauction.com, until 10:00 a.m. (Central Time) June 24, 2025 (the “Sale Date”), for the purchase of $25,100,000* principal amount of General Obligation Bonds, Series 2025A (the “Bonds”). No bid of less than 98% of the par value of the Bonds, plus accrued interest to the date of delivery, will be considered. Bidders may be required to be qualified in a manner established by the City before submitting a bid.
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 July 17, 2025 (the “Dated Date”), and will become due on August 1 in the years as follows:
| Year | Principal Amount* |
|---|---|
| 2040 | $25,100,000 |
| * Subject to change. | |
The Bonds will bear interest from the Dated Date at rates to be determined when the Bonds are sold as provided in the Notice of Sale, which interest will be payable semiannually on February 1 and August 1 in each year, beginning on February 1, 2026. The Bonds are subject to optional redemption as set forth in the Notice of Sale, but there shall be no mandatory redemptions required by the City.
Paying Agent and Bond Registrar
Treasurer of the State of Kansas, Topeka, Kansas.
Good Faith Deposit
Each bid shall be accompanied by a good faith deposit in the form of a cashier’s or certified check drawn on a bank located in the United States of America, a qualified financial surety bond or a wire transfer in Federal Reserve funds immediately available for use by the Issuer per the requirements set forth in the Notice of Sale in the amount of 502,000* (2% of the principal amount of the Bonds).
Delivery
The City will pay for preparation of the Bonds and will deliver the same properly prepared, executed, and registered without cost to the successful bidder(s) on or about July 17, 2025, at the offices of The Depository Trust Company, New York, New York.
Assessed Valuation and Indebtedness
The equalized assessed tangible valuation of the City for computation of bonded debt limitations for the year 2024 is $282,947,909. The total general obligation indebtedness of the City as of the date of the Bonds, including the Bonds and the City’s Taxable Series 2025B Bonds, is $48,125,000*. The City’s total indebtedness which is subject to debt limitation, including the Bonds being sold and as of the date of the Bonds is estimated to be $48,125,000*.
Approval of Bonds
The Bonds will be sold subject to the legal opinion of Kutak Rock LLP, Kansas City, Missouri, Bond Counsel, whose approving legal opinion as to the validity of the Bonds will be furnished and paid for by the City and delivered to the successful bidder(s) as and when the Bonds are delivered.
Additional Information
Additional information regarding the Bonds may be obtained from Meagan Borth, the City’s Finance Director, phone 913-322-5500; from the Municipal Advisor, Columbia Capital Management, LLC, Attn: Adam Pope, 6700 Antioch Rd., Suite 250, Merriam, KS 66204, phone 913-312-8064;, or from Kutak Rock LLP, Bond Counsel, Attn: Jacob S. Lowry, 2405 Grand Blvd., Suite 600, Kansas City, MO 64108, phone 816-960-0090.
Dated May 29, 2025.
City of Merriam, Kansas
Juliana Pinnick
City Clerk
Merriam City Hall
9001 W. 62nd St.
Merriam, KS 66202
913-322-5500
Doc. No. 053220
