Volume 44 - Issue 41 - October 9, 2025
(Published in the Kansas Register October 9, 2025.)
City of Conway Springs, Kansas
Summary Notice of Bond Sale
$3,075,000*
General Obligation Bonds
Series 2025
Details of the Sale
Subject to the terms and requirements of the Official Notice of Bond Sale, dated October 1, 2025, of the City of Conway Springs, Kansas (the “City”), bids to purchase the City’s General Obligation Bonds, Series 2025, (the “Bonds”) will be received at the office of the City Clerk at City Hall, 208 W. Spring Ave., Conway Springs, KS 67031, or by telefacsimile at 620-456-2394, or electronically as described in the Official Notice of Bond Sale until 11:00 a.m. (Central Time) Tuesday, October 21, 2025 (the “Sale Date”). The bids will be considered by the governing body of the City at its meeting at 6:00 p.m. (Central Time) on the Sale Date.
No oral or auction bids for the Bonds shall be considered, and no bids for less than ninety-eight percent (98%) of the total principal amount of the Bonds and accrued interest to the date of delivery shall be considered.
Good Faith Deposit
Bidders must submit a good faith deposit in the form of a wire transfer or certified or cashier’s check made payable to the order of the City, or a financial surety bond (if then available), in an amount equal to 2% of the principal amount of the Bonds.
Details of the Bonds
The Bonds will be dated November 12, 2025 and will be issued as registered bonds in denominations of $5,000, or any integral multiple thereof. Interest on the Bonds is payable semiannually on April 1 and October 1 of each year, beginning April 1, 2026. Principal of the Bonds becomes due on October 1 in the years and amounts as shown below:
| Maturity Schedule | |
|---|---|
| Principal Amount * | Maturity Date |
| $240,000 | 2026 |
| 235,000 | 2027 |
| 245,000 | 2028 |
| 250,000 | 2029 |
| 260,000 | 2030 |
| 270,000 | 2031 |
| 280,000 | 2032 |
| 290,000 | 2033 |
| 125,000 | 2034 |
| 130,000 | 2035 |
| 135,000 | 2036 |
| 145,000 | 2037 |
| 150,000 | 2038 |
| 155,000 | 2039 |
| 165,000 | 2040 |
| * Amounts subject to change. | |
Payment of Principal and Interest
The Treasurer of the State of Kansas will serve as the Bond Registrar and Paying Agent for the Bonds.
Delivery of the Bonds
The City will prepare the Bonds at its expense and will deliver the registered Bonds to DTC on or about November 12, 2025. Any bond printing costs will be paid by the City from the proceeds of the Bonds or other City funds.
Legal Opinion
The Bonds will be sold subject to the legal opinion of Spencer Fane, LLP, Wichita, Kansas, Bond Counsel, whose fees will be paid by the City.
Financial Matters
The City’s current assessed valuation for purposes of calculating statutory debt limitations is $11,439,822. As of November 12, 2025, the City’s total outstanding general obligation debt (including the Bonds), is $7,698,713. The City’s total indebtedness which is subject to debt limitation, as of November 12, 2025, is estimated to be $0, which is 0% of the assessed valuation of the City.
Additional Information
For additional information contact the City Clerk at the address and telephone number shown below, or the Financial Advisor, Mr. Larry Kleeman, Ranson Financial Group LLC, 200 W. Douglas, Suite 110, Wichita, KS 67202, telephone 316-264-3400.
City of Conway Springs, Kansas
Amber Sones, City Clerk
City Hall
208 W. Spring Ave.
Conway Springs, KS 67031
620-456-2345
Fax: 620-456-2394
Doc. No. 053556
