NOTICE OF PUBLIC HEARING
IN CONNECTION WITH THE ISSUANCE OF
TAXABLE INDUSTRIAL REVENUE BONDS
BY THE CITY OF WICHITA, KANSAS
Public notice is hereby given that the City Council (the "City Council") of the City of Wichita, Kansas (the "City"), will conduct a public hearing in connection with the proposed issuance, in one or more series, by the City of its Taxable Industrial Revenue Bonds in an aggregate principal amount of not to exceed $42,500,000 (the "Bonds"). Such hearing will be conducted on Tuesday, August 19, 2025, or at such later date as shall be established by the City Council during the meeting, at 9:00 A.M., or as soon thereafter as possible, at City Hall,
455 N. Main, Wichita, Kansas 67202.
The Bonds are proposed to be issued by the City for the purpose of providing funds to finance the cost of acquiring, constructing, renovating and equipping a hotel facility to be located at 221 S. Broadway and 229 E William Street, Wichita, Kansas (the "Project").
The Bonds are proposed to be issued under authority of K.S.A. 12-1740 et seq., as amended. Notice is further given, in accordance with K.S.A. 12 1744e, that the City intends to issue such Bonds and lease the Project to Petroleum Building 1923, LLC and McClellan Hotel 1923, LLC, or an entity or entities to be formed by the principals of Petroleum Building 1923, LLC or McClellan Hotel 1923, LLC (the "Company").
A copy of this Notice, together with a copy of the Company's request to the City to issue the Bonds are on file in the office of the City Clerk and are available for public inspection during normal business hours. A copy of the proposed Resolution of the City and Letter of Intent indicating the intent of the City Council to issue the Bonds is on file in the office of the City Clerk and available for public inspection during normal business hours.
In the event the Bonds are not ultimately issued for any reason, the City shall not be deemed to have assumed or incurred any liability or obligation to the Company or any other party by virtue of any proceedings or actions taken in connection therewith.
All persons having an interest in this matter will be given an opportunity to be heard at the time and place specified.
The City Council will not adopt an ordinance authorizing the issuance of the Bonds until the passage of seven (7) days from the date this Notice is published in the official newspaper of the City and until the public hearing is concluded.
CITY OF WICHITA, KANSAS
By: /s/ Shinita Rice, Deputy City Clerk
IPL0263635
Aug 15 2025