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Publications iconKansas Register

Volume 42 - Issue 51 - December 21, 2023

(Published in the Kansas Register December 21, 2023.)

Unified School District No. 479,
Anderson County, Kansas (Crest)

Summary Notice of Bond Sale
$5,950,000*
General Obligation Bonds, Series 2024

(General Obligation Bonds Payable from Unlimited Ad Valorem Taxes)

Bids

Subject to the Notice of Bond Sale dated December 11, 2023 (the “Notice”), facsimile and electronic bids will be received on behalf of the Clerk of Unified School District No. 479, Anderson County, Kansas (Crest) (the “Issuer”) in the case of facsimile bids, at the address set forth below, and in the case of electronic bids, through PARITY® until 11:00 a.m. (Central Time) January 8, 2024, for the purchase of the above-referenced bonds (the “Bonds”). No bid of less than 103% 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 January 25, 2024, and will become due on September 1 in the years as follows:

Year Principal Amount*
2026 $155,000
2027 170,000
2028 185,000
2029 195,000
2030 210,000
2031 225,000
2032 245,000
2033 260,000
2034 280,000
2035 295,000
2036 315,000
2037 335,000
2038 360,000
2039 385,000
2040 410,000
2041 435,000
2042 465,000
2043 495,000
2044 530,000
* Subject to change, see the Notice

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, 2025.

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 $119,000.

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 January 25, 2024, 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 2023 is $28,484,517. The total general obligation indebtedness of the Issuer as of the Dated Date, including the Bonds being sold, is $5,950,000.

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

Unified School District No. 479
District Office
Attn: Lynette Prasko, Clerk
603 E. Broad St.
Colony, KS 66015
620-852-3540
Fax: 620-852-3542
lprasko@usd479.org

Financial Advisor

Piper Sandler & Co.
Attn: Clayton Kelley
11635 Rosewood St.
Leawood, KS 66211
913-345-3300
Fax: 913-345-3393
clayton.kelley@psc.com

Dated December 11, 2023.

Lynette Prasko
Clerk
Unified School District No. 479

Doc. No. 051729