Publications iconKansas Register

Volume 40 - Issue 47 - November 25, 2021

(Published in the Kansas Register November 25, 2021.)

City of Great Bend, Kansas

Summary Notice of Bond Sale
$5,440,000*
General Obligation Bonds, Series 2021-A

(General Obligation Bonds Payable from Unlimited Ad Valorem Taxes)

Bids

Subject to the Notice of Bond Sale dated November 15, 2021 (the “Notice”), email and electronic bids will be received on behalf of the Finance Director of the City of Great Bend, Kansas (the “Issuer”) in the case of email bids, at the addresses set forth below, and in the case of electronic bids, through PARITY® until 11:00 a.m. (CST) December 6, 2021, 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 December 30, 2021, and will become due on December 1 in the years as follows:

Year Principal Amount*
2022 $30,000
2023 210,000
2024 220,000
2025 230,000
2026 240,000
2027 250,000
2028 255,000
2029 270,000
2030 270,000
2031 275,000
2032 280,000
2033 285,000
2034 290,000
2035 295,000
2036 300,000
2037 305,000
2038 310,000
2039 320,000
2040 325,000
2041 330,000
2042 150,000

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 June 1 and December 1 in each year, beginning on December 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 $108,800.

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 30, 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 $120,505,649. The total general obligation indebtedness of the Issuer as of the Dated Date, including the Bonds being sold, is $12,720,000.

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 Great Bend, Kansas
Attn: Shawna Schafer, Finance Director
City Hall
1209 Williams
Great Bend, KS 67530
620-793-4111
Fax: 620-793-4108
sschafer@greatbendks.net

Municipal Advisor

Stifel, Nicolaus & Company, Incorporated
Attn: Dave Arteberry
Plaza Colonnade
4801 Main St., Suite 530
Kansas City, MO 64112
816-203-8733
Fax: 816-203-8757
arteberryd@stifel.com

Dated November 15, 2021.

Shawna Schafer
Finance Director

* Subject to change, see the Notice

Doc. No. 049585