Publications iconKansas Register

Volume 40 - Issue 31 - August 5, 2021

(Published in the Kansas Register August 5, 2021.)

City of Topeka, Kansas

Summary Notice of Bond Sale
General Obligation Refunding and Improvement Bonds
Series 2021-C

(General Obligation Bonds Payable from Unlimited Ad Valorem Taxes)


Subject to the Notice of Bond Sale dated July 29, 2021, (the “Notice”), facsimile and electronic bids will be received on behalf of the Interim Director of Administrative and Financial Services of the City of Topeka, Kansas (the “Issuer”) in the case of facsimile bids, at the fax number set forth below, and in the case of electronic bids, via (the “Columbia Capital Auction”), until 10:00 a.m. (CST) for the General Obligation Refunding and Improvement Bonds, Series 2021-C, (the “Bonds”), August 17, 2021, for the purchase of the Bonds. No bid of less than 98.0% 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 September 14, 2021. The Bonds will become due August 15 in the years as follows:

Year Principal Amount*
2022 $2,170,000
2023 1,960,000
2024 2,045,000
2025 2,125,000
2026 2,205,000
2027 1,360,000
2028 1,415,000
2029 1,445,000
2030 1,480,000
2031 1,495,000
2032 655,000
2033 660,000
2034 670,000
2035 675,000
2036 685,000

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 February 15 and August 15 in each year, beginning on February 15, 2022.

*Adjustment of Issue Size

The Issuer reserves the right to increase or decrease the total principal amount of the Bonds, depending on the purchase price and interest rates bid and the offering prices specified by the Successful Bidder and savings generated in connection with the refunding of certain general obligation bonds of the Issuer (the “Refunded Bonds”). The principal amount of any maturity may be adjusted by the Issuer in order to properly size the Bond, structure certain funds and accounts and substantially obtain debt service parameters determined by the Issuer. In formulating bids, bidders should consider that bids generating significant premium may lead to post-bid revisions by the Issuer as described above, resulting in greater principal amortization in later years, and bids generating significant discount my lead to post-bid revisions by the Issuer as described above, resulting in greater principal amortization in earlier years. The Successful Bidder may not withdraw its bid or change the interest rates bid as a result of any changes made to the principal amount of the Bonds or principal of any maturity as described herein. If there is an increase or decrease in the final aggregate principal amount of the Bonds or the schedule of principal payments as described above, the Issuer will notify the Successful Bidder by means of telephone or facsimile transmission, subsequently confirmed in writing, no later than 12:00 p.m. (CST) on the Sale Date. The actual purchase price for each series of Bonds shall be calculated by applying the percentage of par value bid by the Successful Bidder against the final aggregate principal amount of such series of Bonds, as adjusted. If the principal amounts are modified, the Issuer will seek to modify the maturity schedule, or make other mutually agreeable changes, in a way that will neither increase nor reduce the Successful Bidder’s spread as a percentage of the principal amount of the Bonds issued, after taking into account such adjustments.

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 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 $420,900 for 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 September 14, 2021, to DTC for the account of the successful bidder.

Assessed Valuation and Indebtedness

The total assessed valuation of the taxable tangible property within the Issuer as of 2020 is $1,303,411,607. The total general obligation indebtedness of the Issuer as of the Dated Date, including the Bonds being sold, but excluding the Refunded Bonds to be retired with a portion of the proceeds of the Bonds being sold on the Sale Date, is $161,122,172.

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:

City of Topeka, Kansas
Stephen Wade
Interim Director of Administrative and Financial Services
City Hall
215 SE 7th St.
Topeka, KS 66603

Financial Advisor–Facsimile Bid and Good Faith Deposit Delivery Address

Columbia Capital Management, LLC
Attn: Jeff White or Khalen Dwyer
6330 Lamar Ave., Suite 200
Overland Park, KS 66202
Fax: 913-312-8053

Dated July 29, 2021.

Stephen Wade
Interim Director of Administrative and Financial Services

Doc. No. 049342