Closing Bonds
February 19, 2013
MEMORANDUM
TO: SEE DISTRIBUTION LIST
FROM: DAVID ARTEBERRY
TODD BURRUS
RE: BOND ISSUE CLOSING ARRANGEMENTS
NAME OF ISSUER: City of Salina, Kansas
AMOUNT, NAME AND DATE
OF ISSUE: $1,360,000
City of Salina, Kansas
Taxable General Obligation Internal Improvement Bonds
Series 2013-A
Dated February 15, 2013
TIME AND DATE OF CLOSING: 10:00 a.m.
Tuesday, February 26, 2013
Via telephone
SETTLEMENT NUMBERS: Par Amount of Bonds $1,360,000.00
Plus Accrued Interest (February 15 to February 26) 997.26
Less Good Faith Deposit (27,200.00)
Net Amount Due at Closing $1,333,797.26
METHOD OF FUNDS TRANSFER: Wire Transfer of Federal Funds
4801 Main Street Suite 500 Kansas City, Missouri 64112 816.474.1100
:
TRANSFER INSTRUCTIONS
(UMB Bank) On Tuesday, February 26, 2013 UMB Bank will wire transfer an amount of
$1,333,797.26 to Sunflower Bank, ABA #1011-0062-1, AC #10218 7275 for credit to the
City of Salina, Attn: Dennis Zimmerman.
DISPOSITION OF BOND PROCEEDS:
(City) Upon receipt of $1,333,797.26 from UMB Bank, plus the good faith deposit on hand in
the amount of $27,200.00 ($1,360,997.26 total), the City will deposit the funds as follows:
$1,360,000.00 into the Improvement Fund
997.26 into the Debt Service Account
$1,360,997.26
DELIVERY OF TRANSCRIPT
AND LEGAL OPINION: Upon receiving confirmation of receipt of funds, Gilmore & Bell will deliver or email a
signed legal opinion to the City, George K. Baum & Company, and UMB Bank. Original
signed legal opinions and transcripts will be mailed when completed.
BOND DELIVERY INSTRUCTIONS: Bonds will be delivered to the offices of the Depository Trust Company, New York, New
York at least one day prior to closing.
PAYMENT OF COSTS OF ISSUANCE: All reimbursable costs associated with the issuance of the Bonds will be paid after closing
by the City upon presentation of the proper invoices.