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Publications iconKansas Register

Volume 41 - Issue 19 - May 12, 2022

(Published in the Kansas Register May 12, 2022.)

City of Basehor, Kansas

Summary Notice of Bond Sale
$10,000,000*
General Obligation Bonds, Series 2022-A

(General Obligation Bonds Payable from Unlimited Ad Valorem Taxes)

Bids

Subject to the Notice of Bond Sale dated April 27, 2022 (the “Notice”), electronic bids will be received on behalf of the Clerk of the City of Basehor, Kansas (the “Issuer”) through PARITY® until 10:00 a.m. (CDT) May 25, 2022, for the purchase of the above-referenced bonds (the “Bonds”). No bid of less than 98.80% 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 June 16, 2022, and will become due on September 1 in the years as follows:

Year Principal Amount*
2024 $375,000
2025 385,000
2026 395,000
2027 405,000
2028 415,000
2029 430,000
2030 440,000
2031 455,000
2032 465,000
2033 480,000
2034 495,000
2035 510,000
2036 530,000
2037 545,000
2038 565,000
2039 580,000
2040 600,000
2041 620,000
2042 645,000
2042 665,000

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, 2023.

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 $200,000.

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 June 16, 2022, to DTC for the account of the successful bidder.

Assessed Valuation and Indebtedness

The total assessed valuation of the taxable tangible property within the Issuer for the year 2021 is $107,016,915. The total general obligation indebtedness of the Issuer as of the Dated Date, including the Bonds being sold, is $19,935,000.

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 –Address

City of Basehor, Kansas
Attn: Katherine Renn, Clerk
2620 N. 155th St., Basehor, KS 66007
913-724-1370
Fax: 913-724-3388
krenn@cityofbasehor.org

Financial Advisor –Good Faith Deposit Delivery Address

Ehlers Municipal Advisors
Attn: Bruce Kimmell
3060 Centre Point Dr.
651-694-8572
bkimmel@ehlers-inc.com

Dated April 27, 2022.

Katherine Renn
Clerk

* Subject to change, see the Notice

Doc. No. 050122