Salina, KS OTP Taxable IRB (Salina Field House Qualified Active Low-Income Community Business, Inc.) 2016_600596-60157_MLW600596.60157\CLOSING LIST
GILMORE & BELL, P.C.
SUPPLEMENTAL
TRANSCRIPT OF PROCEEDINGS
AUTHORIZING THE OPTION TO PURCHASE
OF
CITY OF SALINA, KANSAS
TAXABLE INDUSTRIAL REVENUE BONDS
SERIES 2016
(SALINA FIELD HOUSE QUALIFIED ACTIVE LOW-INCOME
COMMUNITY BUSINESS, INC. PROJECT)
600596.60157\CLOSING LIST
AUTHORIZING THE OPTION TO PURCHASE
OF
CITY OF SALINA, KANSAS
TAXABLE INDUSTRIAL REVENUE BONDS
SERIES 2016
(SALINA FIELD HOUSE QUALIFIED ACTIVE LOW-INCOME
COMMUNITY BUSINESS, INC. PROJECT)
CLOSING LIST
Copies of the transcript of proceedings for the above referenced issue (the "Bonds"), will be
prepared and distributed as follows:
1. City of Salina, Kansas (Issuer)
2. Salina Field House Qualified Active Low-Income Community Business, Inc. (Purchaser)
3. BOKF, N.A. (Trustee)
4. Gilmore & Bell, P.C., Wichita, Kansas (Bond Counsel)
PROCEEDINGS AUTHORIZING THE AMENDMENTS
Document
Number
1. Minutes of the governing body meeting evidencing adoption of Resolution
No. 23-8142
2. Resolution No. 23-8142 authorizing the sale and conveyance of certain property
3. Bill of Sale
4. Release of Base Lease Agreement and Lease Agreement
5. Trustee’s Receipt and Certification
6. Bondholder’s Consent to Redemption
7. Bondholder’s Receipt
8. UCC Termination
CITY OF SALINA, KANSAS
REGULAR MEETING OF THE BOARD OF COMMISSIONERS
July 24, 2023
4:00 p.m.
Mayor Hoppock asked the Clerk for verification that notice had been sent for today’s City
Commission meeting. The Clerk replied yes.
The Regular Meeting of the Board of Commissioners was called to order at 4:00 p.m. in
Room 107, City-County Building. A roll call was taken followed by the Pledge of
Allegiance and a moment of silence.
Those present and comprising a quorum: Mayor Michael L. Hoppock (presiding), Trent W.
Davis, M.D., Greg Lenkiewicz, Bill Longbine and Karl Ryan.
Also present: Mike Schrage, City Manager; Jacob Wood, Deputy City Manager, Shawn
Henessee, Assistant City Manager, Greg Bengtson, City Attorney; and JoVonna A.
Rutherford, City Clerk.
AWARDS AND PROCLAMATIONS
None.
PUBLIC HEARINGS AND ITEMS SCHEDULED FOR A CERTAIN TIME
None.
CONSENT AGENDA
(5.1) Approve the minutes of the meeting of July 17, 2023.
(5.2) Approve Resolution No. 23-8142 authorizing the City Manager to execute certain
documents related to the unwinding of the New Markets Tax Credits financing
transaction. ;
(5.3) Approve Resolution No. 23-8141 supporting an agreement with representatives of
the Central Kansas Disc Golf Club for the construction of limited improvements for
a disc golf course to be located at Berkley Family Recreational Area.
Commissioner Longbine requested that Item 5.3 be removed from the Consent Agenda.
23-0209 Moved by Commissioner Ryan, seconded by Commissioner Davis, to approve Items 5.1 and 5.2 of
the Consent Agenda as presented. Aye: (5). Nay (0). Motion carried.
In relation to Item 5.3, Commissioner Longbine expressed a concern with the location of the
proposed disc golf course.
Jeff Hammond, Director of Parks and Recreation, explained the location and intended use in
more detail.
Larry Pankratz, Salina, Kansas, shared his thoughts in support of the disc golf course at this location.
Page 1
23-0210 Moved by Commissioner Longbine, seconded by Commissioner Lenkiewicz, to approve Resolution
No. 23-8141 authorizing the mayor to enter into an agreement with representatives of the Central
Kansas Disc Golf Club for the construction of limited improvements for a disc golf course located
at Berkley Family Recreational Area. Aye: (5). Nay (0). Motion carried.
ADMINISTRATION
(6.1) General Obligation Internal Improvement Bonds Series 2023-A.
(6.1a) Receive report on bids received on sales of Bonds.
(6.1b) Approve Ordinance No. 23-11155, on second reading, authorizing the
issuance and delivery of $3,175,000 (subject to change) principal amount of General Obligation Internal Improvement Bonds, Series 2023-A.
(6.1c) Approve Resolution No. 23-8140, prescribing the form and details of and
authorizing the delivery of $3,175,000 (subject to change) principal amount
of General Obligation Internal Improvement Bonds, Series 2023-A.
Debbie Pack, Director of Finance and Administration, explained the request, fiscal impact
and action options.
David Arteberry, Stifel Nicolaus, provided information on the bonds, bids received, projects,
and interest rates.
A brief discussion followed related to annual payment amounts and interest rate.
23-0211 Moved by Commissioner Longbine, seconded by Commissioner Davis, to approve Ordinance No.
23-11155, on second reading, authorizing the issuance and delivery of not to exceed $3,175,000
(subject to change) principal amount of General Obligation Internal Improvement Bonds, Series
2023-A. A roll call vote was taken. Aye: (5). Nay (0). Motion carried.
23-0212 Moved by Commissioner Davis, seconded by Commissioner Ryan, to approve Resolution No.
23-8140 prescribing the form and details of and authorizing the delivery of General Obligation
Internal Improvement Bonds, Series 2023-A. Aye: (5). Nay (0). Motion carried.
(6.2) Approve Ordinance No. 23-11161, on second reading, requesting the annexation of a
19.80 acre tract of land located on the west side of North Ohio Street south of I-70.
Mayor Hoppock recused himself.
Vice Mayor Longbine stated that Ordinance No. 23-11161 was approved on first reading on
July 10, 2023; and, since that time, no comments have been received.
23-0213 Moved by Commissioner Lenkiewicz, seconded by Commissioner Davis, to approve Ordinance No.
23-11161 on second reading. A roll call vote was taken. Aye: (4). Nay (0). Motion carried.
Mayor Hoppock rejoined the meeting.
(6.3) Notice Requirements for the City of Salina.
Shawn Henessee, Assistant City Manager, explained the request, fiscal impact and action options.
Page 2
A lengthy discussion developed which included website notification lists, publication
avenues, publication fees, cost savings, statutory publication requirements, circulation
comparison of The Salina Journal and Salina 311, concern with decreasing use of
newspapers, internet usage, City’s new website, other Kansas cities using their websites for
publications, and history of The Salina Journal in the city.
Joshua Barnhart, Salina, Kansas, an owner of Salina 311, provided information on
subscriptions and pricing as well as stated the publication was 100% locally owned.
Norman Mannel, Salina, Kansas, stated it was the taxpayers’ money being messed with.
There was no action taken. The discussion concluded with action options and next steps of
the Governing Body and City staff.
DEVELOPMENT BUSINESS
None.
OTHER BUSINESS
Commissioner Davis inquired about water metering and charges connected to accounts with
second meters. Mike Schrage, City Manager, indicated he was not prepared for the question and would provide a detailed answer at a later meeting.
CITIZENS FORUM
Norman Mannel, Salina, Kansas, shared his thoughts on AI.
Ken Reitz, Salina, Kansas, commented on water meters and newspaper publications.
EXECUTIVE SESSION
23-0214 Moved by Commissioner Lenkiewicz, seconded by Commissioner Davis, that the City Commission
recess into executive session for 60 minutes, following a 3-minute break, to discuss with special
legal counsel the subject of confidential legal considerations relating to points of negotiation with
Salina Destination Development, LLC, regarding the City’s multi-family housing project, based
upon the need for consultation with an attorney for the public body which would be deemed
privileged in the attorney-client relationship pursuant to K.S.A. 75-4319(b)(2). The open meeting will resume in this room at 6:20 p.m. Aye: (5). Nay (0).
The City Commission recessed into executive session at 5:20 p.m. and reconvened at 6:20 p.m.
Also present in executive session were Mike Schrage, City Manager; Jacob Wood, Deputy
City Manager, Shawn Henessee, Assistant City Manager, Greg Bengtson, City Attorney;
Lauren Driscoll, Director of Community and Development Services; Steven Sparks; and Matt Webster.
No action was taken.
Page 3
23-0215
23-0216
23-0217
Moved by Commissioner Lenkiewicz, seconded by Commissioner Davis, that the City Commission recess into executive session for 20 minutes to discuss with special legal counsel the subject of
confidential legal considerations relating to points of negotiation with Salina Destination
Development, LLC, regarding the City’s multi-family housing project, based upon the need for
consultation with an attorney for the public body which would be deemed privileged in the attorney-
client relationship pursuant to K.S.A. 75-4319(b)(2). The open meeting will resume in this room at
6:43 p.m. Aye: (5). Nay (0).
The City Commission recessed into executive session at 6:23 p.m. and reconvened at 6:43
p.m.
Also present in executive session were Mike Schrage, City Manager; Jacob Wood, Deputy
City Manager, Shawn Henessee, Assistant City Manager, Greg Bengtson, City Attomey;
Lauren Driscoll, Director of Community and Development Services; Steven Sparks; and
Matt Webster.
No action was taken.
Moved by Commissioner Lenkiewicz, seconded by Commissioner Davis, that the City Commission
recess into executive session for 20 minutes to discuss with special legal counsel the subject of
confidential legal considerations relating to points of negotiation with Salina Destination
Development, LLC, regarding the City’s multi-family housing project, based upon the need for
consultation with an attorney for the public body which would be deemed privileged in the attorney-
client relationship pursuant to K.S.A. 75-4319(b)(2). The open meeting will resume in this room at
7:05 p.m. Aye: (5). Nay (0).
The City Commission recessed into executive session at 6:45 p.m. and reconvened at 7:05 p.m.
Also present in executive session were Mike Schrage, City Manager; Jacob Wood, Deputy
City Manager, Shawn Henessee, Assistant City Manager, Greg Bengtson, City Attorney;
Lauren Driscoll, Director of Community and Development Services; Steven Sparks; and
Matt Webster.
No action was taken.
ADJOURNMENT
Moved by Commissioner Davis, seconded by Commissioner Ryan, that the regular meeting of the
Board of City Commissioners be adjourned. Aye: (5). Nay: (0). Motion carried. The meeting
adjourned at 7:07 p.m.
[SEAL] Michael L. Hoppock, Mayor
ATTEST:
JoVonna A. Rutherford, City Clerk
Page 4
RESOLUTION NUMBER 23-8142
A RESOLUTION REGARDING THE UNWINDING OF THE SALINA FIELD HOUSE NEW
MARKETS TAX CREDITS FINANCING TRANSACTION AND AUTHORIZING THE
CITY MANAGER TO EXECUTE AND DELIVER ON BEHALF OF THE CITY ALL |
DOCUMENTS, AND TO TAKE SUCH FURTHER ACTIONS ON BEHALF OF THE CITY,
AS DEEMED NECESSARY TO EFFECTUATE THE UNWINDING OF THE NEW
MARKETS TAX CREDITS FINANCING TRANSACTION,
WHEREAS:
A. In 2016, Salina Field House Qualified Active Low-Income Community Business, Inc.
was formed as a Kansas nonprofit corporation (the “QALICB”), at the direction of the City of Salina
(“City”) for the purposes of acquiring the property located at 140 North Fifth Street, Salina, Kansas
(the “Property”) from the City and developing the Property for use as a multi-use recreational center
and fieldhouse (all of the aforementioned activities and any other actions necessary to operate a multi-
use recreational center and fieldhouse at the Property, referred to generally herein as the “Fieldhouse
Project”);
B. The Fieldhouse Project was funded through public and private funding sources,
including an equity contribution by Chase Community Equity, LLC (“Investor”) in exchange for New
Markets Tax Credits (““NMTC”) made available under Section 45D of the Internal Revenue Code of
1986, as amended (“Code”);
C. In furtherance of the Fieldhouse Project and to enable the project to benefit from the
NMTC financing, Investor formed Chase Salina Fieldhouse Investment Fund, LLC, a Delaware
limited liability company (the “Fund”), to raise funds through loans and equity contributions with
Investor as the Fund’s sole member;
D. Also in furtherance of the Fieldhouse Project and to enable the project to benefit from
the NMTC financing , the City formed Salina Field House Lender, Inc., a Kansas nonprofit
corporation (the “Leverage Lender”), for the purpose of loaning money to the Fund in the approximate
amount of $8,690,500 (the “Leverage Loan”);
E. The Leverage Lender obtained the funds necessary to make the Leverage Loan by (i)
receiving financing from the proceeds of a home rule economic development grant from the City (the
“Grant”), which Grant was funded, in part, by the City’s issuance of general obligation bonds and/or
temporary notes, and (ii) receiving the proceeds of privately contributed funds totaling $4,500,000, ||
which were donated to the City by private persons or entities for the purpose of funding a portion of
the Grant to the Leverage Lender;
F, To further facilitate the NMTC component of the Fieldhouse Project, the Fund
acquired a 99.99% membership interest in each of Dakotas XXII, LLC, a South Dakota limited |
liability company (the “Dakotas CDE”), and CNMC Sub-CDE 114, LLC, a Delaware limited liability
company (the “CNMC CDE” and collectively with the Dakotas CDE, referred to generally herein as
the “CDEs”), in exchange the Fund’s equity contributions in the CDEs, in the original amounts of $4,000,000 and $9,000,000, respectively;
G. The CDEs used the proceeds of the Fund’s equity contributions to make “qualified |
low-income community investment” loans, as defined in Section 45D of the Code, to the QALICB in the aggregate amount of $12,640,000, comprised of: (1) a loan from Dakotas CDE to the QALICB in the amount of $6,016,500 (“Dakotas Note A”); (2) a loan from Dakotas CDE to the QALICB in the amount of $2,623,500 (“Dakotas Note B”); (3) a loan from CNMC CDE in the amount of $2,674,000
(“CNMC Note A”); and (4) a loan from CNMC CDE in the amount of $1,326,000 (“CNMC Note B”
and, together with the Dakotas Note A, Dakotas Note B, and CNMC Note A, “the QLICI Loans”);
H. The QALICB used the proceeds from the QLICI Loans to acquire, construct, and equip
the Fieldhouse Project on the Property;
I. In order to secure its obligations in connection with the QLICI Loans, the QALICB
granted the CDEs a security interest in certain assets including: (i) a first priority mortgage on the
Property, (ii) collateral assignments of leases and rents and certain agreements and (iii) pledges of
various accounts of the QALICB (collectively, referred to generally herein as the “QLICI Loan Collateral”);
J. In connection with the QLICI Loans, the QALICB entered into (i) a loan and security
agreement and corresponding promissory notes evidencing the QLICI Loans, (ii) agreements
evidencing the QLICI Loan Collateral, (iii) and certain additional documents required by the CDEs
in connection with the Fieldhouse Project (collectively, referred to generally herein as the “QLICI Loan Documents”);
K, For purposes of ensuring the exemption of the Property from ad valorem taxes during |
the period of the QALICB’s ownership of the Property, the City issued certain Taxable Industrial
Revenue Bonds (the “IRBs”) in connection with the financing of the Fieldhouse Project; in connection
with the IRBs, the City, as lessee, entered into a Base Lease Agreement with the QALICB, as lessor
(the “Base Lease”); the City, as sub-lessor, entered into a Lease Agreement with the QALICB, as
sub-lessee (the “Lease”, and together with the IRBs, and Base Lease, collectively referred to
hereinafter as the “IRB Documents”);
L. In connection with the Fieldhouse Project, the QALICB entered into (i) a Net Lease
with City and (ii) an Equipment Lease Agreement with City to lease the Fieldhouse Project to City to
operate the Fieldhouse Project (collectively, the “Project Leases”);
M. TheNMTC financing requires the QLICI Loans to remain outstanding for a seven year
compliance period, commencing on July 27, 2016 (‘Compliance Period”), and the Compliance Period |
will expire on July 27, 2023, at which time the NMTC components of the Fieldhouse project can be
unwound in accordance with applicable agreements, thereby resulting in the dissolution of the Fund,
Leverage Lender, and QALICB, and the transfer of all assets of the dissolved entities, including the
QALICB, to the City, including the Property, equipment, furniture, fixtures, and accounts (the
“Unwind”);
N. To facilitate the Unwind, and on July 27, 2016, the City and Investor entered into a ||
Put/Call Option Agreement (“Option Agreement”), under which the City granted the Investor an !
option to sell the Investor’s interest in the Fund to the City upon the expiration of the Compliance
Period, for the sum of $1,000, plus fees, costs, and expenses associated with the Unwind process;
O. As part of the Unwind process, the CDEs will redeem the Fund’s interest in the CDEs
by assigning to the Fund the QLICI Loan Documents, thereby making the Fund the owner and holder
of the QLICI Loan Documents;
P, Concurrently with the CDEs’ redemption of the Fund’s interest in the CDEs, the
Investor intends to exercise its put option under the Option Agreement and cause the City to purchase
the Investor’s membership interest in the Fund pursuant to a Member Interest Purchase Agreement, thereby causing the City to become the 100% owner of the Fund and thereby be the indirect holder of the QLICI Loan Documents;
Q. After the CDEs’ redemption of the Fund’s interest in the CDEs, and the City’s
purchase of the 100% membership interest in the Fund, the City, Fund, QALICB, and Leverage
Lender will take certain actions to forgive and cancel the QLICI Loans; dissolve the Fund, QALICB,
and Leverage Lender, and transfer their respective assets to the City, including the Property and all
equipment, furniture, fixtures, and accounts;
R. In connection with the Unwind, it is therefore necessary, and the City desires, to take,
participate in, and/or facilitate the following actions (collectively, the “Unwind Actions”):
1. The City will acquire from the Investor all of its membership interest in the Fund
pursuant to a Membership Interest Purchase Agreement by and among the Fund, City,
and Investor, and thereafter hold, as sole member of the Fund, 100% of the
membership interest in the Fund and thereby become the indirect holder of the QLICI
Loan Documents;
2. Once the City has become the 100% member of the Fund, the Fund will enter into a
Loan Satisfaction Agreement with QALICB in order to forgive and cancel the
outstanding amounts of the Dakotas Note B and CNBC Note B, in full;
3. Once the City has become the 100% member of the Fund, the Leverage Loan will be
paid in full by virtue of the Fund’s assignment of the Dakotas Note A and CNMC Note A to the Leverage Lender;
4, Once the Dakotas Note A and CNMC Note A have been assigned by the Fund to the
Leverage Lender, the Leverage Lender will enter into a Loan Satisfaction Agreement
with QALICB in order to forgive the outstanding amounts of the Dakotas Note A and
CNMC Note A, in full;
5. Subsequent to the foregoing actions, which will result in the satisfaction and |
forgiveness of all QLICI Loans and termination of all related QLICI Loan Documents,
the City will take all such steps as may be necessary and expedient to dissolve and
liquidate the Fund, including filing of necessary certificate(s) and documents with the
Delaware Secretary of State, and cause all assets of the Fund to be transferred to the
City, including any and all accounts;
6. Concurrently with the dissolution of the Fund, the QALICB will take all steps as may |
be necessary and expedient to dissolve and liquidate the QALICB, including filing of
necessary certificate(s) and documents with the Kansas Secretary of State, and cause
all assets of the QALICB to be transferred to the City, including the Property,
equipment, furniture, fixtures, and accounts, thereby vesting the City with title and
ownership of all real and personal property owned by the QALICB; in addition, the
QALICB and the City will cancel and terminate all Leases and Project Leases, and
any related Bond Documents, at such time and in such manner as recommended by the City’s legal counsel;
7. Concurrently with the dissolution of the Fund and the QALICB, the Leverage Lender
will take all steps as may be necessary and expedient to dissolve and liquidate the
Leverage Lender, including filing of necessary certificate(s) and documents with the
Kansas Secretary of State, and cause all assets of the Leverage Lender to be transferred to the City, including any and all accounts.
SO NOW, THEREFORE, BE IT RESOLVED, by the Governing Body of the City of
Salina, Kansas:
Section 1. | The Governing Body authorizes the Unwind Actions, and the City Manager,
or his designee, is authorized, empowered, and directed to execute and deliver any and all agreements,
documents, certificates, and authorizations on behalf of the City that are necessary, convenient, or desirable to accomplish the Unwind Actions, complete the Unwind process, and cause the City to
become the owner of the Fieldhouse Project free and clear of any and all liens, rights, or interests of
the QALICB or any other person or entity, all on such terms and conditions as may be negotiated and
approved by counsel for the City. The City Manager is further authorized to deliver any due diligence
that is reasonably required of the City by the Fieldhouse Project’s investors, lenders, auditors, or
allocating agencies, including, without limitation, the QALICB, the Leverage Lender, the Investor,
the CDEs, the Fund, and the title company and any of their members or affiliates.
Section 2. |The City Manager, or his designee, is hereby authorized, empowered and
directed to pay the purchase price for the City’s purchase of the 100% membership interest in the
Fund pursuant to the Option Agreement, plus all fees, costs and expenses for which the City is
obligated to pay under the Option Agreement, other documents related to the NMTC financing
transaction, or which are reasonably necessary to effectuate the Unwinding or the foregoing
resolutions.
Section3. | The City Manager, or his designee, is hereby authorized, empowered and
directed to take such further action on behalf of the City as deemed necessary to effectuate the
foregoing resolutions, and all prior actions undertaken by the City in connection with any of the ||
foregoing resolutions are hereby ratified.
corer ome
[— 7 Consolidated-Salina EPN111155 > Section 4. This Resolution shall be in full force and effect from and after its adoption.
Adopted by the Board of Commissioners and signed by the Mayor this 24" day of July, 2023.
? 7 / HE,
Michael L. i LO [SEAL]
ATTEST:
BILL OF SALE
In furtherance of the terms of a certain Lease dated as of July 27, 2016 between the City of Salina,
Kansas, as Assignor, and Salina Field House Qualified Active Low-Income Community Business, Inc., a
Kansas not-for-profit corporation, as Assignee, and for valuable consideration, Assignor transfers, assigns and conveys to Assignee, all personal property purchased with the proceeds of the City of Salina, Kansas, Taxable
Ind venue Bonds, Series 2016 (Salina Field House Qualified Active Low-Income Community
J CITY OF SALINA, KANSAS
wy” oon SO a municipal corporation “sae OL)
Ru Codurg Nikki Goding, City Clerk -
rage, City Manager
STATE OF KANSAS )
COUNTY OF SALINE )
The foregoing instrument was acknowledged before me this I day of Deunhr~_, 2023 by Michael D, Schrage, City Manager, and Nikki Goding, City Clerk, of the City of Salina, Kansas, on behalf of
the City.
[SEAL] ee ere
{ ~A_, NWARISSAC. PATIO. |
i. sl Netary Pubs - State of Kansas |
| ty Acpt. Expires s/2/2é Notary Publjé
My appointment expires:
$/ 2/26
600596.60157\REDEMPTION PROCEEDINGS
TRUSTEE’S RECEIPT AND CERTIFICATION
Re: City of Salina, Kansas
Taxable Industrial Revenue Bonds, Series 2016
(Salina Field House Qualified Active Low-Income
Community Business, Inc. Project) (the “Bonds’’)
The undersigned, on behalf of BOKF, N.A., Overland Park, Kansas, as Trustee with respect to the
referenced Bonds, certifies that as of the date hereof, the Trustee has received sufficient funds to pay the
.principal of, premium if any, and interest on the Bonds as of Closing Date. As of the date hereof, no Bonds
remain outstanding under the Bond Trust Indenture dated July 27, 2016 authorizing and securing the Bonds,
and all fees and expenses of the Trustee in connection with such Bonds have been paid in full.
Dated: December 12 , 2023
BOKF, N.A.
as Trustee
By: Wud Ak LA La Name: Wendee I. Peres
Title: Vice President
600596.60157\REDEMPTION PROCEEDINGS
BONDHOLDER CONSENT TO REDEMPTION
Re: City of Salina, Kansas
Taxable Industrial Revenue Bonds, Series 2016
(Salina Field House Qualified Active Low-Income
Community Business, Inc. Project) (the “Bonds”)
The undersigned, being a duly authorized representative of Salina Field House Qualified Active Low-
Income Community Business, Inc., the sole owner of 100% of the outstanding principal amount of the
referenced Bonds, consents to the redemption and payment of all outstanding Bonds on or about December
14, 2023, at the redemption price set forth in the Bond Trust Indenture dated as of July 27, 2016 (the “Bond
Trust Indenture”) authorizing and securing the Bonds, and waives any notice of such redemption as may be
required by the Bond Trust Indenture.
Dated: Decemb. ex 1, 2023 SALINA FIELD HOUSE QUALIFIED ACTIVE LOW- INCOME COMMUNITY BUSINESS, INC.
By: fe Name: “Schrage
Title: City Manager and Authorized Representative
600596.40157\REDEMPTION PROCEEDINGS
BONDHOLDER’S RECEIPT
Re: City of Salina, Kansas
Taxable Industrial Revenue Bonds, Series 2016
(Salina Field House Qualified Active Low-Income
Community Business, Inc. Project) (the “Bonds”)
The undersigned, being a duly authorized representative of Salina Field House Qualified Active
Low-Income Community Business, Inc., the sole owner of 100% the outstanding principal amount of the
referenced Bonds, acknowledges payment of all outstanding principal and interest due on the Bonds on
December 14, 2023 (the “Redemption Date”), as well as actual payment of all interest and premium due on
the Bonds prior to the Redemption Date, and acknowledges full receipt of all payments due with respect to
the Bonds and full satisfaction of all obligations of the City of Salina, Kansas, as issuer of the Bonds, with respect thereto, as well as the obligations of any guarantors of principal and interest on the Bonds with
respect thereto.
Dated: December 13, 2023 SALINA FIELD HOUSE QUALIFIED ACTIVE LOW- INCOME COMMUNITY BUSINESS, INC.
By:_ Name: Michael DTS
Title: City Manager and Authorized Representativ
600596.60157\REDEMPTION PROCEEDINGS
Kansas Secretary of State
Production UCC Filing System
Acknowledgment of UCC3 Filing Page: 1 of 1
UCC3: 98U3120270723
Time of Transaction: 12/21/2023 12:44:06pm
Filing Type: Termination
Filing Number: 120270723 Initial Filing Number: 108578306
Image Number: 30577538
Filer Reference Data: 600596.60157 SALINA
Initial Filing: 7/27/2016 11:04:31am Last Amendment: 4/21/2021 12:36:41pm
Before Action(s) Debtor Information Before Action(s) Secured Party Information
CITY OF SALINA, KANSAS
300 W. Ash Street, Room 206
Salina, KS 67402
BOKF, N.A., AS TRUSTEE
7500 College Boulevard, Suite 1450
Overland Park, KS 66210
Amendment:
Authorizing Party Information Filing Action Notes
BOKF, N.A., AS TRUSTEE