Volume 44 - Issue 39 - September 25, 2025
(Published in the Kansas Register September 25, 2025.)
Salina Airport Authority
(Salina, Kansas)
Summary Notice of Bond Sale
$5,625,000*
Taxable General Obligation Bonds, Series 2025-A
(General Obligation Bonds Payable from Unlimited Ad Valorem Taxes)
Bids
Subject to the Notice of Bond Sale dated September 17, 2025 (the “Notice”), electronic bids submitted through PARITY® or emailed to the Municipal Advisor at the address set forth below, will be received on behalf of the Salina Airport Authority (the “Issuer”) on October 14, 2025, for the purchase of the above-referenced bonds (the “Bonds”). The minimum bid price for the Bonds shall be as specified in the Notice.
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 November 5, 2025, and will become due on September 1 in the years as follows:
| Year | Principal Amount* |
|---|---|
| 2026 | $220,000 |
| 2027 | 175,000 |
| 2028 | 185,000 |
| 2029 | 195,000 |
| 2030 | 200,000 |
| 2031 | 210,000 |
| 2032 | 220,000 |
| 2033 | 230,000 |
| 2034 | 245,000 |
| 2035 | 255,000 |
| 2036 | 270,000 |
| 2037 | 285,000 |
| 2038 | 300,000 |
| 2039 | 315,000 |
| 2040 | 335,000 |
| 2041 | 355,000 |
| 2042 | 375,000 |
| 2043 | 395,000 |
| 2044 | 420,000 |
| 2045 | 440,000 |
| * 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, 2026.
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
The Successful Bidder (as defined in the Notice) shall submit by a good faith deposit in the form a wire transfer in Federal Reserve funds immediately available for use by the Issuer in the amount equal to 2% of the principal amount of the Bonds.
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 November 5, 2025, 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 2025 is $616,948,816. The total general obligation indebtedness of the Issuer as of the Dated Date, including the Bonds being sold and excluding the temporary notes retired from the proceeds of the Bonds, is $43,840,000.
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 Municipal Advisor at the address set forth below.
Issuer
Salina Airport Authority (Salina, Kansas)
3237 Arnold Ave.
Salina, KS 67401
785-827-3914
Fax: 785-827-2221
shellis@salair.org
Municipal Advisor
Stifel, Nicolaus & Company, Incorporated
Attn: David Arteberry
4801 Main St., Suite 530
Kansas City, MO 64112
816-203-8733
Fax: 816-203-8757
arteberryd@stifel.com
Dated September 17, 2025.
Kasey Windhorst
Board Clerk
Salina Airport Authority
Doc. No. 053502
