Volume 44 - Issue 36 - September 4, 2025
(Published in the Kansas Register September 4, 2025.)
City of Concordia, Kansas
Summary Notice of Bond Sale
$2,435,000*
General Obligation Bonds, Series 2025
(General Obligation Bonds Payable from Unlimited Ad Valorem Taxes)
Bids
Subject to the Notice of Bond Sale dated August 6, 2025 (the “Notice”), facsimile, email, and electronic bids will be received on behalf of the Clerk of the City of Concordia, Kansas (the “Issuer”) in the case of facsimile or email bids, at the address set forth below, and in the case of electronic bids, through PARITY® until 10:00 a.m. (Central Time) October 1, 2025, 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 October 30, 2025, and will become due on November 1 in the years as follows:
| Year | Principal Amount* |
|---|---|
| 2026 | $80,000 |
| 2027 | 85,000 |
| 2028 | 90,000 |
| 2029 | 90,000 |
| 2030 | 95,000 |
| 2031 | 100,000 |
| 2032 | 105,000 |
| 2033 | 115,000 |
| 2034 | 115,000 |
| 2035 | 125,000 |
| 2036 | 130,000 |
| 2037 | 140,000 |
| 2038 | 150,000 |
| 2039 | 150,000 |
| 2040 | 160,000 |
| 2041 | 75,000 |
| 2042 | 75,000 |
| 2043 | 80,000 |
| 2044 | 85,000 |
| 2045 | 90,000 |
| 2046 | 95,000 |
| 2047 | 100,000 |
| 2048 | 105,000 |
| * Subject to change, see the Notice | |
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 May 1 and November 1 in each year, beginning on May 1, 2026.
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 $48,700.
Delivery
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 October 30, 2025, 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 2025 is $42,786,996. The total general obligation indebtedness of the Issuer as of the Dated Date, including the Bonds being sold, is $8,150,000.
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 – Facsimile and Good Faith Deposit Delivery Address
City of Concordia, Kansas
Attn: Stacey Smith, Clerk
701 Washington St.
Concordia, KS 66901
785-243-2670
Fax: 785-243-3328
cityclerk@concordiaks.org
Financial Advisor – Email Bid Delivery Address
Piper Sandler & Co.
Attn: Clayton Kelley
11635 Rosewood St.
Leawood, KS 66211
913-345-3377
Fax: 913-345-3393
clayton.kelley@psc.com
Dated August 6, 2025.
Stacey Smith
Clerk
City of Concordia, Kansas
Doc. No. 053442
