Closing Memo - Salina 23A
4801 Main Street, Suite 530 | Kansas City, Missouri 64112 | (816) 203-8728 main
Stifel, Nicolaus & Company, Incorporated | Member SIPC & NYSE | www.stifel.com
CLOSING MEMORANDUM
August 9, 2023
TO: SEE DISTRIBUTION LIST
FROM: DAVID ARTEBERRY
RE: BOND ISSUE CLOSING ARRANGEMENTS
NAME OF ISSUER: City of Salina, Kansas (the “City”)
AMOUNT, NAME AND DATE
OF ISSUE: $2,955,000
City of Salina, Kansas
General Obligation Internal Improvement Bonds
Series 2023-A
Dated August 17, 2023 (the “Bonds”)
TIME AND DATE OF CLOSING: 10:00 a.m.
Thursday, August 17, 2023
Via email and telephone
SETTLEMENT NUMBERS: Par Amount of Bonds $2,955,000.00
Add: Reoffering Premium 241,391.10
Less: Underwriter’s Discount (32,111.66)
Less: Good Faith Deposit (60,100.00)
Net Amount Due at Closing $3,104,179.44
METHOD OF FUNDS TRANSFER: Wire Transfer of Federal Funds
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4801 Main Street, Suite 530 | Kansas City, Missouri 64112 | (816) 203-8728 main
Stifel, Nicolaus & Company, Incorporated | Member SIPC & NYSE | www.stifel.com
TRANSFER INSTRUCTIONS:
(Baird) On Thursday, August 17, 2023 Robert W. Baird & Co., Inc. (“Baird”) will
wire transfer an amount of $3,104,179.44 to:
Equity Bank
ABA #: 101105354
Account Name: City of Salina
Account #: 7701171274
Attn: Debbie Pack
DISPOSITION OF FUNDS:
(City) The City shall deposit the $3,104,179.44 received from Baird along with the
good faith deposit of $60,100.00 (total of $3,164,279.44) into the following
funds and accounts created pursuant to City Resolution No. 23-8140:
Cost of Issuance Account $56,197.25
Improvement Fund 3,108,082.19
Total $3,164,279.44
DELIVERY OF TRANSCRIPT
AND LEGAL OPINION: Upon receiving confirmation of receipt of funds, Gilmore & Bell will email a
signed legal opinion to the City, Baird, and Stifel, Nicolaus & Company.
Original signed legal opinions and transcripts will be mailed when completed.
BOND DELIVERY INSTRUCTIONS: The Bonds will be delivered to the facilities of the Depository Trust Company
at least one business day in advance of 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 Costs of Issuance Account upon presentation of the proper
invoices.