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SUMMARY NOTICE OF BOND SALE CITY OF WICHITA, KANSAS Principal Description Series Reference Amount $24,360,000* General Obligation Bonds 836 "Series 836 Bonds" 10,000,000* Taxable General Obligation Bonds 837 "Series 837 Bonds" *Subject to change (GENERAL OBLIGATION BONDS PAYABLE FROM UNLIMITED AD VALOREM TAXES) Bids. Subject to the Official Notice of Bond Sale, dated August 19, 2025, separate electronic bids for the purchase of each series of the above-referenced bonds (collectively, the "Bonds") of the City of Wichita, Kansas (the "City") herein described will be received by the Director of Finance of the City via PARITY® at the times set forth below (the "Submittal Hour"), on Thursday, SEPTEMBER 11, 2025. No bid of less than 100% of the principal amount of each series of the Bonds and accrued interest thereon to the date of delivery will be considered. Description Submittal Hour (CDT) Series 836 Bonds 10:00 A.M. Series 837 Bonds 10:30 A.M. 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 1, 2025 (the "Dated Date"), and will become due in the years as follows: Series 836 Bonds. The Series 836 Bonds will become due in principal installments as follows: Payment Date Principal Payment Date Principal (June 1) Amount* (June 1) Amount* 2026 $835,000 2036 $1,490,000 2027 1,040,000 2037 1,545,000 2028 1,080,000 2038 1,610,000 2029 1,120,000 2039 1,675,000 2030 1,165,000 2040 1,745,000 2031 1,220,000 2041 810,000 2032 1,265,000 2042 850,000 2033 1,320,000 2043 890,000 2034 1,370,000 2044 930,000 2035 1,425,000 2045 975,000 Series 837 Bonds. The Series 837 Bonds will become due in principal installments as follows: Payment Date Principal Payment Date Principal (December 1) Amount* (December 1) Amount* 2026 $400,000 2034 $850,000 2027 565,000 2035 895,000 2028 625,000 2036 535,000 2029 655,000 2037 565,000 2030 695,000 2038 595,000 2031 735,000 2039 635,000 2032 770,000 2040 670,000 2033 810,000 The Bonds will bear interest from the Dated Date at rates to be determined when the Bonds are sold as hereinafter provided, which interest will be payable semiannually on June 1 and December 1, beginning on June 1, 2026 (the "Interest Payment Dates"). 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 wire transfer in Federal Reserve funds immediately available for use by the City in an amount equal to 2% of the principal amount of the applicable series of the Bonds. Delivery. The City 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 15, 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 $5,498,271,143. The total general obligation indebtedness of the Issuer as of the Dated Date, including the Bonds being sold, is $634,550,000, which includes the Bonds being sold, the City's temporary notes which will be issued on the Closing Date, less the City's previously issued temporary notes to be retired out of proceeds of the Bonds and other funds on the Closing Date. Approval of Bonds. The Bonds will be sold subject to the legal opinion of GILMORE & BELL, P.C., WICHITA, KANSAS, Bond Counsel, whose approving legal opinion as to the validity of the Bonds will be furnished and paid for by the City, printed on the Bonds and delivered to the successful bidder as and when the Bonds are delivered. Additional Information. Additional information regarding the Bonds, the delivery of the Deposit and notification regarding the same may be obtained from the Department of Finance, 12th Floor, City Hall, 455 North Main, Wichita, Kansas 67202-1679, or by contacting: Mr. Mark L. Manning Ms. Cheryl Busada Director of Finance Debt Coordinator Phone: (316) 268-4300 Phone: (316) 268-4143 Fax: (316) 219-6262 Fax: (316) 219-6216 Email: mmanning@wichita.gov cbusada@wichita.gov DATED: AUGUST 19, 2025. IPL0266796 Aug 29 2025
Post Date: 08/29 12:00 AM
Refcode: #IPL0266796 
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