An official State of Kansas government website.

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

Print icon

Volume 42 - Issue 45 - November 9, 2023

State of Kansas

Kansas Development Finance Authority

Notice of Hearing

A public hearing will be conducted at 9:00 a.m. Tuesday, November 28, 2023, 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. 001121 Maximum Principal Amount: $317,258.88. Owner/Operator: Sheldon and Jessica Rinkes; Description: Acquisition of 118 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 Sheldon and Jessica Rinkes (the “Beginning Farmer”) and is located at the West Half of the Southeast Quarter and the Northeast Quarter of the Southeast Quarter of Section 1, Township 8, Range 16, Jefferson County, Kansas, at 182nd and Barber Road, Denison, Kansas.

Project No. 001122 Maximum Principal Amount: $600,000. Owner/Operator: Nicholas and Kristin Deters; Description: Acquisition of 160 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 Nicholas and Kristin Deters (the “Beginning Farmer”) and is located at the Northwest Quarter of Section 5, Township 4 South, Range 12 East, Nemaha County, Kansas, on the Southeast corner at the intersection of 96th Road and H Road.

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. 051649

Secretary of State Seal