Publications iconKansas Register

Volume 40 - Issue 42 - October 21, 2021

(Published in the Kansas Register October 21, 2021.)

Unified School District No. 439,
Harvey County, Kansas (Sedgwick)

Summary Notice of Bond Sale
$13,800,000*
General Obligation School Building Bonds,
Series 2021

(General Obligation Bonds Payable from Unlimited Ad Valorem Taxes)

Bids

Subject to the Notice of Bond Sale dated October 11, 2021 (the “Notice”), facsimile, email, and electronic bids will be received on behalf of the Clerk of Unified School District No. 439, Harvey County, Kansas (Sedgwick) (the “Issuer”) in the case of email or facsimile bids, at the address set forth below, and in the case of electronic bids, through PARITY® until 11:00 a.m. (CST) November 8, 2021 for the purchase of the above-referenced bonds (the “Bonds”). No bid of less than 100 percent 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 December 1, 2021, and will become due on September 1 in the years as follows:

Year Principal
Amount*
2023 $180,000
2024 185,000
2025 195,000
2026 200,000
2027 220,000
2028 245,000
2029 265,000
2030 290,000
2031 315,000
2032 335,000
2033 355,000
2034 380,000
2035 400,000
2036 425,000
2037 450,000
2038 475,000
2039 500,000
2040 525,000
2041 555,000
2042 580,000
2043 610,000
2044 645,000
2045 675,000
2046 710,000
2047 745,000
2048 780,000
2049 815,000
2050 855,000
2051 890,000

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, 2022.

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 $276,000.

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 December 1, 2021, 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 2021 is $24,499,573. The total general obligation indebtedness of the Issuer as of the Dated Date, including the Bonds being sold, is $13,800,000.

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 Financial Advisor at the addresses set forth below:

Issuer – Good Faith Deposit Delivery Address

Office of the Board of Education
Attn: Deniece C. Richardson, Clerk
400 W. 4th St.
PO Box K
Sedgwick, KS 67135
316-772-5783
Fax: 316-772-0274
drichardson@usd439.com

Financial Advisor – Facsimile and Email Bid Delivery Address

Stifel, Nicolaus & Company, Incorporated
Attn: Stephen E. Shogren
301 N. Main, Suite 800
Wichita, KS 67202
316-264-9351
Fax: 316-337-8492
shogrens@stifel.com

Dated October 11, 2021.

Deniece C. Richardson
Clerk

* Subject to change, see the Notice

Doc. No. 049515