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Publications iconKansas Register

Volume 40 - Issue 1 - January 7, 2021

(Published in the Kansas Register January 7, 2021.)

Unified School District No. 356,
Sumner County, Kansas (Conway Springs)

Summary Notice of Bond Sale
General Obligation Bonds, Series 2021

(General Obligation Bonds Payable from Unlimited Ad Valorem Taxes)


Subject to the Notice of Bond Sale dated December 14, 2020 (the “Notice”), facsimile, written and electronic bids will be received on behalf of the Clerk of Unified School District No. 356, Sumner County, Kansas (Conway Springs) (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. (CST) on January 27, 2021 for the purchase of the above-referenced bonds (the “Bonds”). No bid of less than 100 percent 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 February 17, 2021, and will become due on September 1 in the years as follows:

Year Principal Amount*
2022 $160,000
2023 160,000
2024 160,000
2025 170,000
2026 180,000
2027 190,000
2028 200,000
2029 210,000
2030 225,000
2031 230,000
2032 240,000
2033 250,000
2034 260,000
2035 265,000
2036 275,000
2037 285,000
2038 300,000
2039 310,000
2040 320,000

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 September 1, 2021.

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 $87,800.


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 February 17, 2021, 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 2020 is $31,769,931. The total general obligation indebtedness of the Issuer as of the Dated Date, including the Bonds being sold, is $4,390,000.

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

Unified School District No. 356
Attn: Judy Andra, Clerk
110 N. Monnett St.
Conway Springs, KS 67031
Fax: 620-456-3173

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

Stifel, Nicolaus & Company, Inc.
Attn: Bret Shogren, Director
301 N. Main, Suite 800
Wichita, KS 67202
Fax: 316-264-9370

Dated December 14, 2020.

Judy Andra

* Subject to change, see the Notice

Doc. No. 048740