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Publications iconKansas Register

Volume 43 - Issue 13 - March 28, 2024

State of Kansas

Kansas Development Finance Authority

Notice of Hearing

A public hearing will be held at 9:00 a.m. April 16, 2024, in the conference room of Kansas Development Finance Authority (the “Authority”), located at 534 S. Kansas Ave., Suite 800, Topeka, KS 66603, on the proposed issuance by the Authority in one or more series of qualified 501(c)(3) revenue bonds (the “Bonds”) in a principal amount not to exceed $33,000,000. The Bonds will be issued pursuant to K.S.A. 74-8901 et seq. (the “Act”) and a plan of financing to make a loan of the proceeds thereof to and for the benefit of The Kansas University Endowment Association, a Kansas not-for-profit corporation (the “Institution”), for the following purposes: (i) to finance, refinance and reimburse costs for the acquisition, construction, improvement, furnishing, and equipping of student housing facilities and related projects for the University of Kansas or its affiliates, including for the acquisition of the property located at 1011 Missouri St., Lawrence, KS 66044 (the “Project”), and (ii) to fund interest and reserves for the Bonds, if any, and to pay certain costs incurred in connection with the issuance of the Bonds. The Project will be owned by the Institution or HWKAPTS, LLC, a single-purpose, limited liability company, the sole member of which is the Institution, and will be leased to and operated by, and in the future may be owned by, the University of Kansas or its affiliates for student housing purposes.

The Bonds will be limited obligations of the Authority, payable solely from loan payments to be made by the Institution, and will not constitute a general obligation or indebtedness of the State of Kansas or any political subdivision thereof, nor will the Bonds constitute an indebtedness for which the faith and credit and taxing powers of the State of Kansas are pledged, but the Bonds will be payable solely and only from loan payments to be made by the Institution in amounts sufficient to pay the principal of, interest and redemption premium, if any, on the Bonds.

Interested individuals may participate in the public hearing via conference call. Please call toll free number 844-621-3956 and use conference identification number 1458808929 followed by # to join the conference.

All individuals who participate in the hearing, including those physically present and those joining the hearing via conference call, will be given an opportunity to express their views for or against the proposal to issue the Bonds, and all written comments previously filed with the Authority at its above referenced offices will be considered. Additional information regarding the Project may be obtained by contacting the Authority at the address of its offices shown above.

Rebecca Floyd
Kansas Development Finance Authority

Doc. No. 051985