Closing Memo - Series 2017-A (Revised)
July 21, 2017
MEMORANDUM
TO: SEE DISTRIBUTION LIST
FROM: DAVID ARTEBERRY
ROGER EDGAR
RE: BOND ISSUE CLOSING ARRANGEMENTS
NAME OF ISSUER: City of Salina, Kansas
AMOUNT, NAME AND DATE
OF ISSUE: $9,310,000
City of Salina, Kansas
General Obligation Internal Improvement Bonds
Series 2017-A
Dated July 27, 2017
TIME AND DATE OF CLOSING: 10:00 a.m.
Thursday, July 27, 2017
Via telephone
SETTLEMENT NUMBERS: Par Amount of Bonds $9,310,000.00
Plus Bid Premium 78,369.80
Total 9,388,369.80
Less Good Faith Deposit (187,800.00)
Net Amount Due at Closing $9,200,569.80
METHOD OF FUNDS TRANSFER: Wire Transfer of Federal Funds
4801 Main Street Suite 500 Kansas City, Missouri 64112 816.474.1100
TRANSFER INSTRUCTIONS:
Λw͵͵ .ğźƩķΜ On Thursday, July 27, 2017 R.W. Baird will wire transfer an amount of $2,288,177.30 to
Sunflower Bank, ABA #1011-0062-1, AC #10218 7275 for credit to the City of Salina, Attn:
Kayleen Chaput.
On Thursday, July 27, 2017, R.W. Baird shall wire transfer an amount of $6,912,392.50 to
U.S. Bank N.A., ABA #1010-0018-7, for credit to State Treasurer Operating Account
#145592399581, for further credit to the City of Salina, Attn: Shauna Wake.
DISPOSITION OF BOND PROCEEDS:
Λ/źƷǤΜ Upon receipt of $2,288,177.30 from R.W. Baird, plus the good faith deposit on hand in the
amount of $187,800.00 ($2,475,977.30 total), the City will deposit the funds as follows:
$ 1,000.00 2017-A Redemption Fund
2,474,977.30 2017-A Improvement Fund
$2,475,977.30
Λ{ƷğƷĻ ƩĻğƭǒƩĻƩΜ Upon receipt of $6,912,392.50 from R.W. Baird, the State Treasurer shall use the funds to
pay the principal and interest due as of August 1, 2017 on 6-1
Temporary Note issue.
DELIVERY OF TRANSCRIPT
AND LEGAL OPINION: Upon receiving confirmation of receipt of funds, Gilmore & Bell will email a signed legal
opinion to the City, George K. Baum & Company, and R.W. Baird. 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 costs associated with the issuance of the Bonds will be paid after closing by the City
from the 2017-A Improvement Fund upon presentation of the proper invoices.