Volume 41 - Issue 25 - June 23, 2022

(Published in the Kansas Register June 23, 2022.)

Unified School District No. 258,
Allen County, Kansas (Humboldt)

Summary Notice of Bond Sale
$17,450,000
General Obligation Bonds, Series 2022

(General Obligation Bonds Payable from Unlimited Ad Valorem Taxes)

Bids

Subject to the Notice of Bond Sale dated June 13, 2022 (the “Notice”), facsimile, written, and electronic bids will be received on behalf of the Clerk of Unified School District No. 258, Allen County, Kansas (Humboldt) (the “Issuer”) in the case of written or facsimile bids, at the address set forth below, and in the case of electronic bids, through PARITY^® until 11:00 a.m. (CDT) July 11, 2022, for the purchase of the above-referenced bonds (the “Bonds”). No bid of less than 102.50% 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 August 10, 2022, and will become due on September 1 in the years as follows:

Year	Principal Amount*
2023	$325,000
2024	390,000
2025	410,000
2026	430,000
2027	455,000
2028	475,000
2029	500,000
2030	525,000
2031	550,000
2032	580,000
2033	605,000
2034	635,000
2035	670,000
2036	700,000
2037	735,000
2038	775,000
2039	805,000
2040	840,000
2041	880,000
2042	920,000
2043	960,000
2044	1,000,000
2045	1,045,000
2046	1,095,000
2047	1,145,000

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 $349,000.

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 August 10, 2022, to DTC for the account of the successful bidder or at such bank or trust company in the contiguous United States of America as may be specified by the successful bidder, or elsewhere at the expense of the successful bidder.

Assessed Valuation and Indebtedness

The Equalized Assessed Tangible Valuation for Computation of Bonded Debt Limitations for the year 2021 is $64,568,273. The total general obligation indebtedness of the Issuer as of the Dated Date, including the Bonds being sold, is $17,450,000.

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

United School District No. 258
Attn: Paula Kovacic, Clerk
801 New York
Humboldt, KS 66748-1801
620-473-3121
Fax: 620-473-2023
paula.kovacic@usd258.net

Financial Advisor – Written and Facsimile Bid and Good Faith Deposit Delivery Address

Piper Sandler & Co.

Attn: Dustin Avey, Managing Director
11635 Rosewood St.
Leawood, KS 66211
913-345-3375
Fax: 913-345-3393
dustin.avey@psc.com

Dated June 13, 2022.

Paula Kovacic
Clerk

* Subject to change, see the Notice

Doc. No. 050268