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Publications iconKansas Register

Volume 40 - Issue 50 - December 16, 2021

(Published in the Kansas Register December 16, 2021.)

Unified School District No. 393,
Dickinson County, Kansas (Solomon)

Summary Notice of Bond Sale
$8,820,000
General Obligation Bonds, Series 2022

(General Obligation Bonds Payable from Unlimited Ad Valorem Taxes)

Bids

Subject to the Notice of Bond Sale dated November 8, 2021 (the “Notice”), facsimile and electronic bids will be received on behalf of the Clerk of Unified School District No. 393, Dickinson County, Kansas (Solomon) (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. (CST) January 10, 2022, for the purchase of the above-referenced bonds (the “Bonds”). No bid of less than 102.5% 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 27, 2022, and will become due on September 1 in the years as follows:

Year Principal Amount*
2023 $50,000
2024 240,000
2025 250,000
2026 260,000
2027 270,000
2028 280,000
2029 295,000
2030 305,000
2031 315,000
2032 330,000
2033 345,000
2034 350,000
2035 360,000
2036 370,000
2037 375,000
2038 385,000
2039 400,000
2040 410,000
2041 420,000
2042 435,000
2043 445,000
2044 460,000
2045 475,000
2046 490,000
2047 505,000

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.

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 $176,400.

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 27, 2022, 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 2021 is $31,896,830. The total general obligation indebtedness of the Issuer as of the Dated Date, including the Bonds being sold, is $8,820,000.

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

Office of the Board of Education
Attn: Dean Ann Zsamba, Clerk
113 E. 7th St.
Solomon, KS 67480
785-655-2541
Fax: 785-655-2505
dzsamba@usd393.net

Financial Advisor

Piper Sandler & Co.
Attn: Clayton Kelley
11635 Rosewood St.
Leawood, KS 66211
913-345-3377
Fax: 913-345-3393
clayton.kelley@psc.com

Dated November 8, 2021.

Dean Ann Zsamba
Clerk

* Subject to change, see the Notice

Doc. No. 049638