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 42 - Issue 44 - November 2, 2023

(Published in the Kansas Register November 2, 2023.)

City of Emporia, Kansas

Summary Notice of Bond Sale
$9,925,000*
General Obligation Bonds, Series 2023

(General Obligation Bonds Payable from Unlimited Ad Valorem Taxes)

Bids

Subject to the Notice of Bond Sale dated October 4, 2023 (the “Notice”), email and electronic bids will be received on behalf of the Director of Finance of the City of Emporia, Kansas (the “Issuer”) in the case of email bids, at the address set forth below, and in the case of electronic bids, through PARITY® until 10:00 a.m. (Central Time) November 14, 2023, for the purchase of the above-referenced bonds (the “Bonds”). No bid of less than 100% of the principal amount of the 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 November 29, 2023, and will become due on September 1 in the years as follows:

Year Principal Amount*
2024 $465,000
2025 445,000
2026 460,000
2027 475,000
2028 490,000
2029 500,000
2030 515,000
2031 535,000
2032 550,000
2033 565,000
2034 420,000
2035 435,000
2036 450,000
2037 465,000
2038 480,000
2039 495,000
2040 515,000
2041 535,000
2042 555,000
2043 575,000
* 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, 2024.

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

Each bid shall be accompanied (in the manner set forth in the Notice) 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 or a wire transfer in Federal Reserve funds immediately available for use by the Issuer in the amount of $198,500.

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 November 29, 2023, 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 is $247,517,458. The total general obligation indebtedness of the Issuer as of the Dated Date, including the Bonds being sold, is $27,590,000.

Approval of Bonds

The Bonds will be sold subject to the legal opinion of Gilmore & Bell, P.C., Wichita, Kansas, 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 Municipal Advisor at the addresses set forth below.

Issuer

City of Emporia, Kansas
Attn: Janet Harrouff, Director of Finance
111 E. 6th Ave.
Emporia, KS 66801
620-343-4950
jharrouff@emporiaks.gov

Municipal Advisor – Email Bid and Good Faith Deposit Delivery Address

Raymond James & Associates, Inc.
Attn: Greg Vahrenberg
11551 Ash St., Suite 250
Leawood, KS 66211
816-509-5451
greg.vahrenberg@raymondjames.com

Dated October 4, 2023.

Janet Harrouff
Director of Finance
City of Emporia, Kansas

Doc. No. 051617