Publications iconKansas Register

Volume 40 - Issue 10 - March 11, 2021

(Published in the Kansas Register March 11, 2021.)

City of Hays, Kansas

Summary Notice of Bond Sale
General Obligation Bonds, Series 2021-A

(General Obligation Bonds Payable from Unlimited Ad Valorem Taxes)


Subject to the Notice of Bond Sale dated on or about March 16, 2021, electronic bids will be received on behalf of the Clerk of City of Hays, Kansas (the “Issuer”) in the case of email bids, at, and in the case of electronic bids, through PARITY® until 11:00 a.m. (CST) March 25, 2021, for the purchase of the above-referenced bonds (the “Bonds”). Facsimile and written bids will not be accepted. 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 April 15, 2021, and will become due on September 1 in the years as follows:

Year Principal Amount*
2022 $200,000
2023 240,000
2024 245,000
2025 245,000
2026 245,000
2027 245,000
2028 250,000
2029 250,000
2030 255,000
2031 255,000
2032 260,000
2033 260,000
2034 265,000
2035 270,000
2036 275,000
2037 280,000
2038 285,000
2039 290,000
2040 295,000
2041 300,000
2042 305,000
2043 310,000
2044 315,000
2045 325,000
2046 330,000

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, 2022.

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 2% of the total par value of the Bonds.


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 April 15, 2021, 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 2020 was $251,823,242. The total general obligation indebtedness of the Issuer as of the Dated Date, including the Bonds being sold, is $15,380,000.

Approval of Bonds

The Bonds will be sold subject to the legal opinion of Gilmore & Bell, P.C., Kansas City, Missouri, 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 Municipal Advisor at the addresses set forth below:

Municipal Advisor

Stifel Nicolaus & Company, Incorporated
Attn: David Arteberry
4801 Main St., Suite 530
Kansas City, MO 64112
Fax: 816-283-5326

Dated March 11, 2021.

City of Hays, Kansas
Ms. Brenda Kitchen, Clerk
1507 Main St.
Hays, KS 67601

*Preliminary; subject to change. See the Notice.

Doc. No. 048936