Volume 45 - Issue 1 - January 1, 2026
(Published in the Kansas Register January 1, 2026.)
Metropolitan Topeka Airport Authority
Summary Notice of Bond Sale
$4,900,000*
General Obligation Bonds
Series 2026
(General Obligation Bonds Payable from Unlimited Ad Valorem Taxes)
Bids
Subject to the Notice of Bond Sale dated December 22, 2025, (the “Notice”), facsimile and electronic bids will be received on behalf of the Director of Administration and Finance of the Metropolitan Topeka Airport Authority (the “Issuer”) via http://www.columbiacapitalauction.com (the “Columbia Capital Auction”), until 9:00 a.m. (Central Time) for the General Obligation Bonds, Series 2026, (the “Bonds”), on January 13, 2026, for the purchase of the Bonds. No bid of less than 99% 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 February 3, 2026. The Bonds will become due September 1 in the years as follows:
| Year | Principal Amount* |
|---|---|
| 2026 | $235,000 |
| 2027 | 165,000 |
| 2028 | 170,000 |
| 2029 | 180,000 |
| 2030 | 190,000 |
| 2031 | 200,000 |
| 2032 | 210,000 |
| 2033 | 220,000 |
| 2034 | 225,000 |
| 2035 | 235,000 |
| 2036 | 240,000 |
| 2037 | 250,000 |
| 2038 | 260,000 |
| 2039 | 270,000 |
| 2040 | 280,000 |
| 2041 | 290,000 |
| 2042 | 300,000 |
| 2043 | 315,000 |
| 2044 | 325,000 |
| 2045 | 340,000 |
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 September 1, 2026.
*Adjustment of Issue Size
The Issuer reserves the right to increase or decrease the total principal amount of the Bonds or the schedule of principal payments described above, depending on the purchase price and interest rates bid and the offering prices specified by the successful bidder and the amount, if any, of prepaid special assessments. 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 the schedule of principal payments 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 2:00 p.m. (Central Time) on the Sale Date. The actual purchase price for the Bonds shall be calculated by applying the percentage of par value bid by the successful bidder against the final aggregate principal amount of the Bonds, as adjusted, plus accrued interest from the Dated Date to the Closing Date (as hereinafter defined).
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 $98,000.
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 February 3, 2026, 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 is $2,531,162,616. The total general obligation indebtedness of the Issuer as of the Dated Date, including the Bonds being sold, is $4,900,000.
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.
Financial Advisor - Facsimile Bid and Good Faith Deposit Delivery Address
Columbia Capital Management, LLC
Attn: Jeff White or Deric Marr-Andrews
6700 Antioch Rd., Suite 250
Merriam, KS 66204
Fax: 913-312-8053
jwhite@columbiacapital.com
913-312-8077
dmarr-andrews@columbiacapital.com
913-312-8060
Dated December 22, 2025.
Metropolitan Topeka Airport Authority
Laura Hartley
Director of Administration and Finance
6510 SE Forbes Ave., Suite 1
Topeka, KS 66619
LHartley@mtaa-topeka.org
785-862-2362
Doc. No. 053748
