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Publications iconKansas Register

Volume 44 - Issue 38 - September 18, 2025

(Published in the Kansas Register September 18, 2025.)

City of Bel Aire, Kansas

Summary Notice of Sale
$9,405,000*
General Obligation Bonds
Series 2025A

$10,565,000*
General Obligation Temporary Notes
Series 2025B

(General Obligations Payable from Unlimited Ad Valorem Taxes)

Bids

Subject to the Notice of Sale dated September 2, 2025 (the “Notice”), facsimile, email, and electronic bids will be received on behalf of the Clerk of the City of Bel Aire, Kansas (the “Issuer”) in the case of facsimile or email bids, at the address set forth below, and in the case of electronic bids, via http://www.columbiacapitalauction.com (the “Columbia Capital Auction”) until 9:30 a.m. (Central Time) for the General Obligation Bonds, Series 2025A (the “Bonds”), and 10:00 a.m. (Central Time) for the General Obligation Temporary Notes, Series 2025B, (the “Notes”), on October 7, 2025, for the purchase of the Bonds and Notes (collectively, the “Obligations”). No bid of less than 99% of the principal amount of the Bonds, and no bid of less than 99% of the principal amount of the Notes and accrued interest thereon to the date of delivery will be considered.

Obligation Details

The Obligations will consist of fully registered bonds and notes in the denomination of $5,000 or any integral multiple thereof. The Obligations will be dated October 28, 2025. The Bonds and will become due on November 1 in the years as follows:

Year Principal Amount*
2027 $330,000
2028 340,000
2029 350,000
2030 360,000
2031 370,000
2032 385,000
2033 395,000
2034 410,000
2035 425,000
2036 440,000
2037 460,000
2038 475,000
2039 495,000
2040 520,000
2041 540,000
2042 565,000
2043 590,000
2044 620,000
2045 650,000
2046 685,000
* 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.

The Notes will become due as follows:

Stated Maturity (December 1) Principal Amount*
2028 $10,565,000
* Subject to change, see the Notice

The Notes will bear interest from the Dated Date at rates to be determined when the Notes are sold as hereinafter provided, which interest will be payable semiannually on June 1 and December 1 in each year, beginning on June 1, 2026.

Book-Entry-Only System

The Obligations 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, a qualified financial surety bond or a wire transfer in Federal Reserve funds immediately available for use by the Issuer in the amount of $188,100* for the Bonds and $211,300* for the Notes.

Delivery

The Issuer will pay for preparation of the Obligations and will deliver the same properly prepared, executed, and registered without cost to the successful bidder on or about October 7, 2025, to DTC for the account of the successful bidder or at such bank or trust company in the contiguous United States of America as may be specified by the successful bidder, or elsewhere at the expense of the successful bidder.

Assessed Valuation and Indebtedness

The Equalized Assessed Tangible Valuation for Computation of Bonded Debt Limitations for the year 2025 is $125,983,781. The total general obligation indebtedness of the Issuer as of the Dated Date, including the Obligations being sold, is $79,510,000.

Approval of Bonds

The Obligations 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 Obligations will be furnished and paid for by the Issuer, printed on the Obligations, and delivered to the successful bidder as and when the Obligations are delivered.

Additional Information

Additional information regarding the Obligations may be obtained from the undersigned at the addresses set forth below.

Issuer Address

City of Bel Aire, Kansas
Attn: Melissa Krehbiel, Clerk
7651 E. Central Park Ave.
Bel Aire, KS 67226
316-744-2451
Fax: 316-744-3739
mkrehbiel@belaireks.gov

Municipal Advisor – Facsimile and Email Bid and Good Faith Deposit Delivery Address

Columbia Capital Management, LLC
Attn: Adam Pope or Deric Marr-Andrews
6700 Antioch Rd., Suite 250
Merriam, KS 66204
Fax: 913-312-8053
apope@columbiacapital.com
913-312-8064
dmarr-andrews@columbiacapital.com
913-312-8060

Dated September 2, 2025.

Melissa Krehbiel
Clerk
City of Bel Aire, Kansas

Doc. No. 053484