Government Website icon

The .gov means it's official.
A .gov website belongs to an official government organization in the United States.

Padlock icon

The site is secure.
The https:// or lock icon ensures you're safely connected to the website and any information you provide is encrypted.

Publications iconKansas Register

Volume 41 - Issue 42 - October 20, 2022

(Published in the Kansas Register October 20, 2022.)

City of Goddard, Kansas

Summary Notice of Bond Sale
General Obligation Bonds, Series 2022-1

(General Obligation Bonds Payable from Unlimited Ad Valorem Taxes)


Subject to the Notice of Bond Sale dated September 19, 2022 (the “Notice”), facsimile, written and electronic bids will be received on behalf of the Clerk of the City of Goddard, Kansas (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 10:00 a.m. (CST) November 7, 2022, 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 1, 2022, and will become due on October 1 in the years as follows:

Year Principal Amount*
2024 $230,000
2025 235,000
2026 245,000
2027 255,000
2028 265,000
2029 275,000
2030 285,000
2031 295,000
2032 305,000
2033 320,000
2034 330,000
2035 340,000
2036 355,000
2037 370,000
2038 380,000
2039 395,000
2040 410,000
2041 425,000
2042 445,000
2043 460,000

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 April 1 and October 1 in each year, beginning on October 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 $132,400.


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, 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 2022 is $65,096,464. The total general obligation indebtedness of the Issuer as of the Dated Date, including the Bonds being sold, is $30,275,000.

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 at the addresses set forth below:

Issuer-Written Bid Delivery Address

City of Goddard, Kansas
Attn: Teri Laymon, Clerk
118 N. Main
PO Box 667
Goddard, KS 67052
Fax: 316-794-2401

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

Stifel, Nicolaus & Company, Inc.
Attn: Bret Shogren
301 N. Main, Suite 800
Wichita, KS 67202
Fax: 316-337-8492

Dated September 19, 2022.

Teri Laymon

* Subject to change, see the Notice

Doc. No. 050604