Closing Memo - Series 2017-1
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: $2,180,000
City of Salina, Kansas
General Obligation Temporary Notes
Series 2017-1
Dated July 27, 2017
TIME AND DATE OF CLOSING: 10:00 a.m.
Thursday, July 27, 2017
Via telephone
SETTLEMENT NUMBERS: Par Amount of Notes $2,180,000.00
Plus Bid Premium 16,742.40
Net Amount Due at Closing $2,196,742.40
METHOD OF FUNDS TRANSFER: Wire Transfer of Federal Funds
4801 Main Street Suite 500 Kansas City, Missouri 64112 816.474.1100
TRANSFER INSTRUCTIONS:
Λ/ƚƒƒĻƩĭĻ .ğƓƉΜ On Thursday, July 27, 2017 Commerce Bank will wire transfer an amount of $2,196,742.40
to Sunflower Bank, ABA #1011-0062-1, AC #10218 7275 for credit to the City of Salina,
Attn: Kayleen Chaput.
DISPOSITION OF NOTE PROCEEDS:
Λ/źƷǤΜ Upon receipt of $2,196,742.40 from Commerce Bank, the City will deposit the funds into
the 2017-1 Improvement Fund.
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 Commerce Bank. Original signed
legal opinions and transcripts will be mailed when completed.
NOTE DELIVERY INSTRUCTIONS: Notes 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 Notes will be paid after closing by the City
from the 2017-1 Improvement Fund upon presentation of the proper invoices.