Volume 41 - Issue 3 - January 20, 2022
State of Kansas
Kansas Development Finance Authority
Notice of Hearing
A public hearing will be conducted at 9:00 a.m. Tuesday, February 8, 2022, in the offices of the Kansas Development Finance Authority (KDFA), 534 S. Kansas Ave., Suite 800, Topeka, Kansas, on the proposal for the KDFA to issue its Agricultural Development Revenue Bonds for the projects numbered below in the respective maximum principal amounts. The bonds will be issued to assist the borrowers named below (who will be the owners and operators of the projects) to finance the cost in the amount of the bonds, which are then typically purchased by a lender bank who then, through the KDFA, loans the bond proceeds to the borrower for the purposes of acquiring the project. The projects shall be located as shown:
Project No. 001093 Maximum Principal Amount: $165,000. Owner/Operator: Jacob H. Macke; Description: Acquisition of 43.6 acres of agricultural land and related improvements and equipment to be used by the owner/operator for farming purposes (the “Project”). The Project is being financed by the Lender for Jacob H. Macke (the “Beginning Farmer”) and is located in the East Half of the Southeast Quarter of Section 19, Township 9, Range 13, Jackson County, Kansas, approximately 1½ miles east of Delia, Kansas.
Project No. 001094 Maximum Principal Amount: $258,781.22. Owner/Operator: Wyatt D. Shippy; Description: Acquisition of 154.90 acres of agricultural land and related improvements and equipment to be used by the owner/operator for farming purposes (the “Project”). The Project is being financed by the Lender for Wyatt D. Shippy (the “Beginning Farmer”) and is located at Section 23, Liberty Township, Dickinson County, Kansas, approximately 1 mile north of Woodbine, Kansas on Union Road.
The bonds, when issued, will be a limited obligation of the KDFA and will not constitute a general obligation or indebtedness of the state of Kansas or any political subdivision thereof, including the KDFA, nor will they be an indebtedness for which the faith and credit and taxing powers of the state of Kansas are pledged. The bonds will be payable solely from amounts received from the respective borrower, the obligation of which will be sufficient to pay the principal of, interest and redemption premium, if any, on the bonds when they become due.
Interested individuals may participate in the public hearing via conference call. Please call toll free number 866-620-7326 and use conference identification number 159 722 1260 followed by # to join the conference.
All individuals who appear at the hearing will be given an opportunity to express their views concerning the proposal to issue the bonds to finance the projects, and all written comments previously filed with the KDFA at its offices at 534 S. Kansas Ave., Suite 800, Topeka, KS 66603, will be considered. Additional information regarding the projects may be obtained by contacting the KDFA.
Doc. No. 049730