Publications iconKansas Register

Volume 40 - Issue 15 - April 15, 2021

(Published in the Kansas Register April 15, 2021.)

Unified School District No. 232,
Johnson County, Kansas (De Soto)

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

(General Obligation Bonds Payable from Unlimited Ad Valorem Taxes)


Subject to the Notice of Bond Sale dated on or about April 26, 2021 (the “Notice”), email and electronic bids will be received on behalf of the Assistant Superintendent of Unified School District No. 232, Johnson County, Kansas (De Soto) (the “Issuer”) in the case of email bids at, and in the case of electronic bids through PARITY® until 10:00 a.m. (CST) May 3, 2021, for the purchase of the above-referenced bonds (the “Bonds”). 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 June 3, 2021, and will become due on September 1 in the years as follows:

Year Principal Amount*
2022 $2,500,000
2023 2,500,000
2024 615,000
2025 640,000
2026 665,000
2027 695,000
2028 720,000
2029 750,000
2030 770,000
2031 795,000
2032 820,000
2033 845,000
2034 870,000
2035 895,000
2036 920,000

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 principal amount 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 June 3, 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 $677,049,802. The total general obligation indebtedness of the Issuer as of the Dated Date, including the Bonds being sold, is $172,595,000.

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.

Issuer – Good Faith Deposit Delivery Address

USD 232, Johnson County, Kansas (De Soto)
Attn: Ken Larsen
35200 W. 91st St.
De Soto, KS 66018
913-667-6200, ext. 2444
Fax: 913-667-6201

Municipal Advisor – Email Bid Address

Stifel, Nicolaus & Company, Inc.
Attn: David Arteberry
4801 Main St., Suite 530
Kansas City, MO 64112

Dated April 15, 2021.

Wendy Denham
Board Clerk

* Subject to change, see the Notice

Doc. No. 049045