4.2 Resolution No. 22-8079 Geoprobe BondsCITY OF SALINA
REQUEST FOR CITY COMMISSION ACTION DATE TIME
9/26/2022 4:00 P.M.
AGENDA SECTION ORIGINATING ORGANIZATION: FISCAL
NO:
4 Salina Community Economic BY:
ITEM Development Organization FINAL F
NO: 2
Page 1 BY: Mitch Robinson, Exec Dir. BY: A
ITEM: Resolution No. 22-8079 Authorizing the Issuance of $5,000,000 Taxable Industrial Revenue
Bonds Series 2022 (Dominion Project)
BACKGROUND:
In February of 2022, the Salina Area Chamber of Commerce passed along information to the Salina
Community Economic Development Organization (SCEDO) that management of local manufacturer
Geoprobe Systems was interested in learning about possible economic development tools available
to local companies. On Tuesday March 15f, 2022 Tim Zimmer, North Central Kansas Project
Manager for the Kansas Department of Commerce and Mitch Robinson, Executive Director of the
SCEDO meet with Mel and Larry Kejr, two of the main principals of Geoprobe Systems, a Salina
based company. During the meeting various economic development programs were discussed
including Industrial Revenue Bonds (IRBs). The company was considering a 57,600 square foot
addition to their Wall Street location. This would allow the company to expand their painting and
assembly operation. They were still deciding how many new employees would be added. The
estimated project investment was a total of $7,000,000 with $2,000,000 in equipment and $5,000,000
in building. Only the building could be funded using IRB's. The company would make a decision in
the next several months. Hutton Construction would be their contractor.
On Monday, August 29th, 2022 Larry Kejr contacted Mitch Robinson concerning possible issuance of
IRB's. The company was considering issuing bonds to help with development expenses on the
project as well as long term tax abatement for the expansion. Robinson sent all the various
applications and support information concerning IRBs to Larry Kejr and Miles Wolters, Controller for
the company. Wolters completed both the City of Salina's application as well as the Wichita State
University's Center for Economic Development Research's Cost Benefit Analysis form. Several
phone calls took place to review their information and to discuss the options.
On Tuesday, August 30th a zoom call with the City of Salina's Bond Attorney Sarah Steele and Mitch
Robinson talked with Larry Kejr and Miles Wolters to review the City's IRB process, as well as legal
aspects of the bond process.
Due to the aggressive schedule of the building construction a special board meeting of the SCEDO
was held on Thursday, September 8th at 12 noon. The company had submitted the City of Salina
application and the WSU Cost Benefit Analysis, which are requirements for the IRB process.
FUTURE GROWTH / JOB ESTIMATES / WAGE ESTIMATES
On September 8th, the called SCEDO Board of Directors meeting was held with Geoprobe Systems
President Tom Omli. Larry Kejr and Miles Wolters also attended the meeting on behalf of the
company. President Omli made a 20 -minute presentation concerning the history of the company,
which was started in 1987 in Salina. The company currently produces drilling equipment for the
geotechnical, environmental, geothermal, exploration and construction industries. Geoprobe has
three different facilities in Salina and has acquired two additional companies in Ocala, FL and Oxford,
PA.
AGENDA SECTION
NO:
ITEM
NO:
Page 2
CITY OF SALINA
REQUEST FOR CITY COMMISSION ACTION DATE TIME
9/26/2022 4:00 P.M.
ORIGINATING ORGANIZATION:
Salina Community Economic
Development Organization
BY: Mitch Robinson. Exec Dir
FISCAL APPROVAL:
BY:
FINAL APPROVAL.
As a direct result of this expansion the company will generate 17 employees over the first three years
following completion of the project. Three will be professional positions, with the remaining 14
positions being classified as laborer positions. Their hourly wage average will be $19.75 due to the
higher skill requirements of painting and assembling all the units produced within this new facility.
Estimates from the WSU analysis estimate expansion would result in an overall growth of 30
employees. During the presentation President Omli stated their overall growth would be
approximately 40 employees. Controller Miles Wolters commented that the job estimates in the
application were an accountant's conservative estimate.
In addition to the requested 10 year — 100% property tax abatement, the company also requests
abatement on sales tax on construction materials used in the building of this facility.
The building would be owned by Dominion Resources, LLC which would lease the building to
Geoprobe Systems. Dominion Resources would be the company signing the agreement with the
City of Salina. Dominion Resources, LLC has common ownership in Geoprobe Systems.
The Industrial Revenue Bonds and interest would be a limited obligation of the City, payable from
proceeds from the Company in the form of lease payments. The Bonds are not a general obligation of
the City. They will be purchased by the Company, having the net effect of the Company retaining both
the credit and liability for the bonds. The structure of IRB financing affords the Company sales tax
exemptions on initial purchases and property tax exemptions for up to 10 years. Again, the City of
Salina has no obligation for any payments related to this project.
SCEDO BOARD ACTION:
Following the Geoprobe Systems presentation the SCEDO went into closed executive session
concerning the possible recommendation. Following a 20 -minute discussion the board went back into
regular session. On a motion by Lloyd Davidson and seconded by Pete Brungardt, the SCEDO Board
of Directors voted to recommend to the City of Salina that Dominion Resources LLC (Geoprobe
Systems) be granted a 100% abatement for 10 years on property tax and sales tax related to the
construction materials. Aye: (6), Nay: (0).
FISCAL NOTE:
The Center for Economic Development and Business Research (CEDBR) completed an economic
impact analysis for the industrial revenue bond process. Attached are the Wichita State University
Center for Economic Development Business Research Impact Studies for an estimated $5,000,000
million bond project The project is expected to be completed in the spring of 2023.
City of Salina Tax Abatement
$371,500.00
Salina County Tax Abatement
$513,713.00
State of Kansas Tax Abatement
$268,750.00
District 306 Tax Abatement
$199,513.00
AGENDA SECTION
NO:
ITEM
NO:
Page 3
CITY OF SALINA
REQUEST FOR CITY COMMISSION ACTION DATE TIME
9/26/2022 4:00 P.M.
ORIGINATING ORGANIZATION:
Salina Community Economic
Development Organization
BY: Mitch Robinson, Exec Dir.
City of Salina Public Benefits — Costs — Benefit Cost F
Public Benefit 10 -year period $616,125.00
Public Costs 10 -year period $439,435.00
Benefit -Cost Ratio 1.70
Saline County Public Benefits -Costs -Benefit Cost Ratio
Public Benefit 10 -year period $507,318.00
Public Costs 10 -year period $439,435.00
Benefit -Cost Ratio 1.15
State of Kansas Public Benefits -Costs -Benefit Cost Ratio
Public Benefit 10 -year period $2,927,620.00
Public Cost 10 -year period $ 457,509.00
Benefit Cost Ratio 6.40
School District 306 Public Benefits -Costs -Benefit Cost Ratio
Public Benefit 10 -year period $311,921.00
Public Cost 10 -year period $238,959.00
Benefit Cost Ratio 1.31
COMMISSION ACTION OR RECOMMENDED ACTION:
Public Hearing
FISCAL APPROVAL:
BY:
FINAL APPROVAL:
BY:
As its first action item, the governing body will need to open the public hearing, conduct the hearing
and close the hearing.
If the governing body wishes to deliberate in executive session to discuss the terms under which the
City might authorize Industrial Revenue Bonds and/or the terms of a Payment in Lieu of Taxes (PILOT)
agreement they may do so on the basis of the privileged attorney-client information exception provided
by K.S.A. 75-4319(b)(2).
Staff has identified the following options for the City Commission's consideration:
1.) Approve Resolution No. 22-8079.
2.) Approve Resolution No. 22-8079 with amendments as the City Commission deems
appropriate.
3.) Postpone consideration of Resolution No. 22-8079 to a specified date and time and provide
staff direction regarding additional information or amendments the City Commission would like
to request for their further consideration.
4.) Approve Resolution No. 22-8079 on first reading and provide direction regarding additional
information or amendments the City Commission would like to request for their further
consideration at the time of second reading.
CITY OF SALINA
REQUEST FOR CITY COMMISSION ACTION DATE TIME
9/26/2022 4:00 P.M.
AGENDA SECTION ORIGINATING ORGANIZATION: FISCAL APPROVAL:
NO:
Salina Community Economic BY:
ITEM Development Organization FINAL APPROVAL:
NO:
Page 4 BY: Mitch Robinson, Exec Dir. BY:
5.) Vote to deny Resolution No. 22-8079 resulting in the issuance of Industrial Revenue Bonds not
being authorized at this time.
Staff recommends Option #1.
Attachments:
Resolution No. 22-8079
Payment in Lieu of Taxes (PILOT) Agreement
Wichita State University Cost Benefit Analysis
City of Salina Industrial Revenue Bond Application
Gilmore & Bell, P.C.
09/13/2022
RESOLUTION NO. 22-8079
A RESOLUTION OF THE GOVERNING BODY OF THE CITY OF SALINA,
KANSAS DETERMINING THE ADVISABILITY OF ISSUING TAXABLE
INDUSTRIAL REVENUE BONDS FOR THE PURPOSE OF FINANCING THE
ACQUISITION, CONSTRUCTION AND EQUIPPING OF AN ADDITIONAL
MANUFACTURING FACILITY TO BE LOCATED IN THE CITY; AND
AUTHORIZING EXECUTION OF RELATED DOCUMENTS
WHEREAS, the City of Salina, Kansas (the "Issuer") desires to promote, stimulate and develop the
general economic welfare and prosperity of the City of Salina, and thereby to further promote, stimulate and
develop the general economic welfare and prosperity of the State of Kansas; and
WHEREAS, pursuant to the provisions of the Kansas Economic Development Revenue Bond Act,
as amended and codified in K.S.A. 12-1740 et seg. (the "Act"), the Issuer is authorized to issue revenue bonds
for such purposes, and it is hereby found and determined to be advisable and in the interest and for the welfare
of the Issuer and its inhabitants that revenue bonds of the Issuer in a principal amount not to exceed $7,000,000
be authorized and issued, in one or more series, to provide funds to pay the costs of the acquisition,
construction and equipping of an additional manufacturing facility (the "Project") to be located in the
corporate limits of the Issuer and to be leased by the Issuer to Dominion Resources, L.L.C., a Kansas limited
liability company, or another legal entity to be formed by the principals of Dominion Resources, L.L.C. (the
"Tenant") for sublease to Kejr, Inc., a Kansas corporation, doing business as Geoprobe Systems (the
"Subtenant").
NOW, THEREFORE, BE IT RESOLVED BY THE GOVERNING BODY OF THE CITY OF
SALINA, KANSAS:
Section 1. Public Purpose. The governing body of the Issuer hereby finds and determines that
the Project will promote, stimulate and develop the general economic welfare and prosperity of the Issuer,
and thereby further promote, stimulate and develop the general economic welfare and prosperity of the State
of Kansas.
Section 2. Authorization to Acquire Project; Intent to Issue Bonds. The Issuer is hereby
authorized to proceed with the acquisition, construction and equipping of the Project and to issue its revenue
bonds, in one or more series, in a principal amount not to exceed $7,000,000 (the 'Bonds") to pay the costs
thereof, subject to satisfaction of the conditions of issuance set forth herein.
Section 3. Conditions to Issuance of Bonds. The issuance of the Bonds is subject to: (a) the
passage of an ordinance authorizing the issuance of the Bonds; (b) the successful negotiation of a Trust
Indenture, Site Lease, Project Lease, Bond Purchase Agreement or other legal documents necessary to
accomplish the issuance of the Bonds, the terms of which shall be in compliance with the Act and mutually
satisfactory to the Issuer and the Tenant; (c) the successful negotiation and sale of the Bonds to a purchaser
or purchasers yet to be determined (the "Purchaser"), which sale shall be the responsibility of the Tenant and
600596.20236\AIITIAL PROCEEDINGS
not the Issuer; (d) the receipt of the approving legal opinion of Gilmore & Bell, P.C. ('Bond Counsel") in
form acceptable to the Issuer, the Tenant and the Purchaser; (e) the obtaining of all necessary governmental
approvals to the issuance of the Bonds; (f) the commitment to and payment by the Tenant or Purchaser of all
expenses relating to the issuance of the Bonds, including, but not limited to: (i) expenses of the Issuer and the
Issuer Attorney; (ii) any underwriting or placement fees and expenses; (iii) all legal fees and expenses of Bond
Counsel; and (iv) all recording and filing fees, including fees of the Kansas Board of Tax Appeals; and (g) the
execution and delivery by the Tenant of an agreement for payment in lieu of taxes in substantially the form
presented to the governing body of the Issuer with this Resolution.
Section 4. Property Tax Exemption and Payment in Lieu of Taxes. The Issuer hereby
determines that pursuant to the provisions of K.S.A. 79-201a Twenty -Fourth, the Project, to the extent
purchased or constructed with the proceeds of the Bonds, should be exempt from payment of ad valorem
property taxes for ten years commencing with the year following the year in which the Bonds are issued,
provided proper application is made therefor; provided no exemption may be granted from the ad valorem
property tax levied: (a) by a school district pursuant to the provisions of K.S.A. 72-53,113, and amendments
thereto; and (b) for the uses restricted pursuant to the provisions of K.S.A. 79-201 a, Second and Twenty -
Fourth. In making such determination the governing body of the Issuer has conducted the public hearing and
reviewed the analysis of costs and benefits of such exemption required by K.S.A. 12-1749d. The Tenant is
responsible for preparing such application and providing the same to the Issuer for its review and submission
to the State Board of Tax Appeals. The tax exemption granted is subject to the execution and delivery by the
Tenant of an agreement for payment in lieu of taxes in substantially the form presented to the governing body
of the Issuer with this Resolution.
Section 5. Sales Tax Exemption. The Governing Body hereby determines that pursuant to the
provisions of K.S.A. 79-3601 et seg. (the "Sales Tax Act"), particularly 79-3606(b) and (d) and other
applicable laws, sales of tangible personal property or services purchased in connection with construction of
the Project and financed with proceeds of the Bonds are entitled to exemption from the tax imposed by the
Sales Tax Act; provided proper application is made therefore. In the event that the Bonds are not issued for
any reason, the Tenant will not be entitled to a sales tax exemption under the terms of the Sales Tax Act
and will remit to the State Department of Revenue all sales taxes that were not paid due to reliance on the
sales tax exemption certificate granted hereunder.
Section 6. Reliance by Tenant; Limited Liability of Issuer. It is contemplated that in order
to expedite acquisition of the Project and realization of the benefits to be derived thereby, the Tenant may
incur temporary indebtedness or expend its own funds to pay costs of the Project prior to the issuance of the
Bonds. Proceeds of Bonds may be used to reimburse the Tenant for such expenditures made not more than
60 days prior to the date this Resolution is adopted. The Bonds herein authorized and all interest thereon shall
be paid solely from the revenues to be received by the Issuer from the Project and not from any other fund or
source. The Issuer shall not be obligated on such Bonds in any way, except as herein set out. In the event
that the Bonds are not issued, the Issuer shall have no liability to the Tenant.
Section 7. Execution and Delivery of Bond Purchase Agreement and Agreement for the
Payment in Lieu of Taxes. At such time as the Tenant has demonstrated compliance with the provisions of
this Resolution, the Mayor and City Clerk are authorized to execute a bond purchase agreement and an
agreement for payment in lieu of taxes with the Tenant in a form satisfactory to the City Attorney and Bond
Counsel.
Section 8. Further Action. The Clerk is hereby authorized to deliver an executed copy of this
Resolution to the Tenant. The Mayor, Clerk and other officials and employees of the Issuer, including the
Issuer's counsel and Bond Counsel, are hereby further authorized and directed to take such other actions as
may be appropriate or desirable to accomplish the purposes of this Resolution, including, but not limited to:
600596.20236\INITIAL PROCEEDINGS
2
(a) cooperate with the Tenant in filing an application for a sales tax exemption certificate with the Kansas
Department of Revenue with respect to Bond -financed property; and (b) execution on behalf of the Issuer of
the information statement regarding the proposed issuance of the Bonds to be filed with the State Board of
Tax Appeals pursuant to the Act.
Section 9. Effective Date. This resolution shall become effective upon adoption by the
Governing Body and shall remain in effect until December 31, 2023 unless extended by affirmative vote of a
majority of the Governing Body.
[BALANCE OF THIS PAGE INTENTIONALLY LEFT BLANK]
600596.20236\INITIAL PROCEEDINGS
[SEAL]
Attest:
ADOPTED by the governing body of the City of Salina, Kansas on September 26, 2022.
Clerk
CERTIFICATE
Mayor
I hereby certify that the above and foregoing is a true and correct copy of the Resolution of the
Issuer adopted by the governing body on September 26, 2022, as the same appears of record in my office.
DATED: September 26, 2022.
Clerk
600596.20236\INITIAL PROCEEDINGS
(Signature Page to Resolution)
AGREEMENT FOR PAYMENT IN LIEU OF TAXES
This Agreement, entered into as of , 2023 between the City of Salina, Kansas (the
"Issuer") and Kejr, Inc., a Kansas corporation (the "Tenant");
WITNESSETH THAT:
1. Tax Exemption; Payment in Lieu of Taxes. In consideration of (i) the issuance by the
Issuer of its Taxable Industrial Revenue Bonds in a principal amount not to exceed $7,000,000 (the "Bonds")
to finance the acquisition, renovation and equipping of a certain manufacturing and commercial facility (the
"Project") to be leased by the Issuer to the Tenant, (ii) the Tenants execution of the lease of the Project
financed with the proceeds of the Bonds, (iii) the laws of the State of Kansas affording exemption from ad
valorem property taxation for the portion of the Project acquired, purchased or constructed with the proceeds
of the Bonds for a period commencing with the year after calendar year in which bonds are issued, and (iv) the
agreement by the Issuer to apply for the exemption if the payments provided for herein are made, the Tenant
agrees to make payments in lieu of ad valorem property taxes in the amounts specified herein, in the manner
provided for herein.
2. Amount of Payments; Place of Payment. If the Tenant performs the requirements set forth
in Sections 5 and 6 hereof, the Tenant will not be required to make any payments in lieu of general ad valorem
property taxes on the Project for the ten (10) calendar years following the year in which the Bonds are issued,
other than special assessments levied on account of special benefits and the unified school district's capital
outlay levy. If the Tenant fails to meet the requirements set forth in Sections 5 and 6 hereof, the Tenant will
make a payments in lieu of general ad valorem property taxes on the Project of 100% of the general ad
valorem taxes for each year remaining in the ten (10) calendar years following the year in which the Bonds
are issued. The Tenant shall pay by separate check to the Treasurer of Saline County, Kansas, or other
appropriate office as directed by the Issuer, on or before December 20 in each of the years, with the privilege
of half payment as provided by law for general ad valorem taxes, a payment in lieu of taxes of the ad valorem
tax otherwise payable in respect of the Project.
The amount of the payment in lieu of taxes will be determined in the same manner and according to the same
statutory procedure as general ad valorem taxes, real and personal, as the case may be, are determined, using
the valuations determined by the Saline County Appraiser's office. The payments shall be distributed to all
applicable taxing subdivisions in Saline County as provided in K.S.A. 12-1742.
3. Reduction of Payment for Actual Taxes Paid. Except for the ad valorem taxes described
in Section 4 herein, the annual amount to be paid pursuant to Section 2 herein shall be reduced (but not below
zero) by any actual ad valorem tax payments paid in respect of the real property constituting a part of the
Project by or on behalf of the Tenant for any given year.
4. No Exemption for Special Assessments and Capital Outlay Levy. All special
assessments and the unified school district's capital outlay levy provided in K.S.A. 72-53,113 that is levied
against the real property portion of the Project, if any, will not abate and will continue to be the obligation of
the Tenant, payable in the manner provided by law.
5. Employment and Certification. The Tenant agrees to employ at the Project site an
additional (i) five (5) full-time employees in the first year, (ii) seven (7) full-time employees in the second
year, and (iii) five (5) full-time employees in the third year, for a total of seventeen (17) additional full-time
employees in the first three years after completion of the Project and for as long as the Project is entitled to
an exemption from ad valorem property taxes.
Beginning on March 1, 2023, and on each March 1 thereafter and at any other time that the Issuer
may request, for the term of this Agreement, the Tenant shall provide a written certification to the Issuer
stating the total number of full-time employees employed at the Project (based upon the Tenant's actual
knowledge of the full-time employees employed by the subtenants occupying the Project) during the
preceding calendar year.
6. Capital Investment in Project. The Tenant agrees to invest at least $7,000,000 in capital
investment in the location of the Project site.
6. Failure to Make Payment in Lieu of Taxes. Should the Tenant fail to make the payments
required above, penalties and/or interest will be assessed against the Tenant by the Saline County Treasurer
in accordance with applicable state laws relating to late tax payments. If the Tenant fails to make a payment
required by this Agreement and the failure shall continue for one year, this Agreement shall be deemed
terminated effective as of December 20 in the year the payment was originally due, and Tenant agrees that
from and after the termination date, it shall pay in full the regular amount of ad valorem real estate and personal
property taxes on the property constituting the Project.
7. Execution and Delivery of Agreement for Payment In Lieu of Taxes. The Agreement
for Payment in Lieu of Taxes in the form presented to the Issuer with this Resolution is hereby approved.
The Mayor and City Clerk are authorized to execute the Agreement for Payment in Lieu of Taxes with the
Tenant.
8. Approval of Exemption. This Agreement is conditioned on the issuance by the Board of
Tax Appeals of the State of Kansas of an order exempting the bond -financed portion of the Project from
ad valorem taxation in accordance with Kansas law, including particularly K.S.A. 79-201a Twenty -Fourth.
9. Counterparts. This Agreement may be executed simultaneously and several counterparts,
each of which shall be deemed to be an original and all of which shall constitute the same instrument.
10. Transferability. The benefits of this Agreement may be transferred to any assignee of the
Lease of the Project made in accordance with the provisions of the Lease between the Issuer and the Tenant.
[REMAINDER OFPAGEINTENTIONALLYLEFTBLANKJ
IN WITNESS WHEREOF, the Issuer has caused this Agreement to be signed by a duly authorized
official, the signature to be attested by a duly authorized officer and its official seal to be applied, and the
Tenant has caused this Agreement to be signed on its behalf by a duly authorized officer, the signature attested
by a duly authorized officer, and its corporate seal (if any) to be applied, as of the day and year first above
written.
[SEAL]
ATTEST:
JoVonna Rutherford, City Clerk
CITY OF SALINA, KANSAS
Mayor
KE^ INC.
By: _
Name:
Title:
......................
WICHITA STATE
UNIVERSITY
DATE OF ANALYSIS
TIME OF ANALYSIS
VERSION OF ANALYSIS
Center for Economic Development and Business Research
Wichita State University
1845 Fairmount St.
Wichita, Kansas 67260-0121
(316) 978-3225
9/2/2022
12:43 PM
V2
PROJECT SUMMARY (no multipliers, no substitution)
525,913
Company Name
Dominion Resources LLC
Tax abatement
371,500
Number of new jobs for 10- ear period
30
Amount of payroll for 10 -year period
$12,373,937
Amount of capital investment for 10 -year period
$7,000,000
Land
$0
Buildings
$5,000,000
F—Machinery and Equipment
$2,000,000
INCENTIVE SUMMARY
525,913
City Incentives - Salina
425,755
Tax abatement
371,500
Sales tax exemption
54,255
Forgivable loans
0
Infrastructure
0
Cash value all other incentives
0
County Incentives - Saline
525,913
Tax abatement
513,713
Sales tax exemption
12,200
Forgivable loans
0
Infrastructure
0
Cash value all other incentives
0
State Incentives
502,750
Tax abatement
268,750
Sales tax exemption
234,000
Forgivable loans
0
Training dollars
0
Infrastructure
0
Cash value all other incentives
0
Page 1 of 21
.....................
WICHITA STATE
UNIVERSITY
DATE OF ANALYSIS
TIME OF ANALYSIS
VERSION OF ANALYSIS
Center for Economic Development and Business Research
Wichita State University
1845 Fairmount St.
Wichita, Kansas 67260-0121
(316) 978-3225
9/2/2022
12:43 PM
V2
TAX ABATEMENT PARAMETERS
Real Property
Number of years
10
Percentage
100.0%
Personal Property
Number of years
0
Percentage
0.0%
ECONOMIC IMPACT OF FIRM OPERATIONS
Number of jobs 10 -year Penrod
Direct 30
Total 64
Page 2 of 21
......................
WICHITA STATE
UNIVERSITY
DATE OF ANALYSIS
TIME OF ANALYSIS
VERSION OF ANALYSIS
Center for Economic Development and Business Research
Wichita State University
1845 Fairmount St.
Wichita, Kansas 67260-0121
(316)978-3225
9/2/2022
12:43 PM
V2
FISCAL IMPACT
Discounted
City Fiscal Impacts. - Salina
Discounted
Present value of net benefits
$252,908
Rate of Return on Investment
$67,883
Net public benefits 10- ear period
$252,908
Public costs 10- ear period
$363,217
R01
69.6%
Benefit -Cost Ratio
$507,318
Public benefits 10 -year period
$616,125
Public costs 10 -year period
$363,217
Benefit -Cost Ratio
1.70
Count Fiscal Impacts. - Saline
Discounted
Present value of net benefits
$67,883
Rate of Return on Investment
Net public benefits 10 -year period
$67,883
Public costs 10- ear period
$439,435
R01
15.4%
Benefit -Cost Ratio
Public benefits 10 -year period
$507,318
Public costs 10- ear period
$439,435
Benefit -Cost Ratio
1.15
State Fiscal Impacts
Discounted
Present value of net benefits
$2,470,111
Rate of Retum on Investment
Net public benefits 10 -year period
$2,470,111
Public costs 10- ear period
$457,509
ROI
539.9%
Benefit -Cost Ratio
Public benefits 10- ear period
$2,927,620
Public costs 10- ear period
$457,5 09
Benefit -Cost Ratio
6.40
School District Fiscal Impacts. - 306 Southeast Of Saline
Discounted
Present value of net benefits
$72,962
Rate of Return on Investment
Net public benefits 10 -year period
$72,962
Public costs 10- ear period
$238,959
ROI
30.5%
Benefit -Cost Ratio
Public benefits 10- ear period
$311,921
Public costs 10- ear period
$238,959
Benefit -Cost Ratio
1.31
Page 3 of 21
In the preparation of this report, the Center for Economic Development and Business Research assumed that
all information and data provided by the applicant or others is accurate and reliable. CEDBR did not take
extraordinary steps to verify or audit such information, but relied on such information and data as provided
for purposes of the project.
This analysis requires CEDBR to make predictive forecasts, estimates and/or projections (hereinafter
collectively referred to as "FORWARD-LOOKING STATEMENTS'). These FORWARD-LOOKING
STATEMENTS are based on information and data provided by others and involve risks, uncertainties and
assumptions that are difficult to predict. The FORWARD-LOOKING STATEMENTS should not be
considered as guarantees or assurances that a certain level ofperformance will be achieved or that certain
events will occur. While CEDBR believes that all FORWARD-LOOKING STATEMENTS it provides are
reasonable based on the information and data available at the time of writing, actual outcomes and results
are dependent on a variety of factors and may differ materially from what is expressed or forecast. CEDBR
does not assume any responsibilityfor any and all decisions made or actions taken based upon the
FORWARD-LOOKING STA TEMENTS provided by CEDBR.
Page 4 of 21
Center for Economic Development and Business Research Project or Company Name: Dominion Resources LLC
Aw Wichita state University 7845 Fairmount St. Date of Analysis: 9!212022
..................... Wichita, Kansas 67260-0121 Version of Analysis: V2
Ws:xira 5rnr5 (316)978-3225 City Fiscal Impacts,-Salina
UNNSR51W
Benefit-Cost Ratio Present Value of Net Benefits
1.80
1.60
1.40
1.20
1.00
0.80
0.60
0.40
0.20
0.00
2022 2023 2024 2025 2026 2027 2028 2029 2030 2031
Yr. 1
Yrs. 1-2
Yrs. 1-3
Yrs. 1-4
Yrs. 1-5
Yrs. 1-6
Yrs. 1-7
Yrs. 1-8
Yrs. 1-9
Yrs. 1-10
$56,266
$71,795
$92,627
$115,936
$139,232
$162,349
$185,271
$208,002
$230,547
$252,908
Center for Ewnomic Development and Business Research Project or Company Name: Dominion Resources LLC
Wichita State University Dale of Analysis: 9/2/2022
1845 Fairmount St.
...................... Wichita, Kansas 67260.0121 Version of Analysis: V2
WIERIT� firarE (316) 978-3225 County Fiscal Impacts. - Saline
UNNERSM
Benefit -Cost Ratio Present Value of Net Benefits
1.40
1.20
1.00
1 :1
fm
0.40
0.20
0.00
2022 2023 2024 2025 2026 2027 2028 2029 2030 2031
Yr. 1 $14,337
Yrs. 1-2 $18,418
Yrs. 1-3 $23,998
Yrs. 1-4 $30,314
Yrs. 1-5 $36,692
Yrs. 1-6 $43,043
Yrs. 1-7 $49,336
Yrs. 1-8 $55,573
Yrs. 1-9 $61,755
Yrs. 1-10 $67,883
Center for Economic Development and Business Research
project or Company Name: Dominion Resources LLC
Wichita State University
Date of Analysis: 9/2/2022
1845 Fairmount St.
...................... Wichita, Kansas 67260-0121
Version of Analysis: V2
UUIVEPSITV Srnre (316)978-3225
UNNE
Slate Fiscal Impacts
Benefit-Cost Ratio
Present Value of Net Benefits
7.00
5.00
4.00
3.00
2.00
1.00
0.00
2022 2023 2024 2025 2026 2027 2028 2029 2030 2031
Yr. 1
Yrs. 1-2
Yrs. 1-3
Yrs. 1-4
Yrs. 1-5
Yrs. 1-6
Yrs. 1-7
Yrs. 1-8
Yrs. 1-9
Yrs. 1-10
$439,742
$604,063
$823,988
$1,069,005
$1,311,667
$1,550,559
$1,785,757
$2,017,354
$2,245,443
$2,470,111
Center for Economic Development and Business Research
project or Company Name: Dominion Resources LLC
Aw Wichita State University
Dale of Analysis: 9/212022
1845 Fairmount St.
...................... Wichita, Kansas 67260-0121
Version of Analysis: V2
wIENITA i;n (316) 978-3225
UNIVERSIW
School District Fiscal Impacts. - 306 Southeast Of Saline
p
Benefit-Cost Ratio
Present Value of Net Benefits
1.60
1.40
1.20
1.00
0.80
0.60
0.40
0.20
0.00
2022 2023 2024 2025 2026 2027 2028 2029 2030 2031
Yr. 1
Yrs. 1-2
Yrs. 1-3
Yrs. 1-4
Yrs. 1-5
Yrs. 1-6
Yrs. 1-7
Yrs. 1-8
Yrs. 1-9
Yrs. 1-10
$8,454
$16,669
$24,607
$32,275
$39,685
$46,817
$53,694
$60,339
$66,759
$72,962
COMPANY INFORMATION
Company name or project name
Dominion Resources LLC
Contact name
Larry Ke'r, Treasurer
Contact telephone number
785-404-1280
Contact e-mail address
ke rl eo robe.com
Company NAICS Code -Please select a NA/CS code from the list provided. Model
parameters are set based on the NAICS selected.
332310 Plate work and
fabricated structural product
manufacturing
Substitution Override
0.00%.
Year of application
2022
PROPERTYREAL • •IMPROVEMENTS
months allocate expenditures to multiple expansions.
Ex ansion #1
Year of expansion
2022
Market value of firm's initial NEW OR ADDITIONAL investment in:
Land
Building and improvements
$5,000,000
Furniture, fixtures and equipment (including machine
$2,000,000
Initial construction orexpansion:
Cost of construction at the firm's new or expanded facility
$5,000,000
Amount of taxable construction materials purchased in:
city
$2,500,000
County should include city amount
$2,500,000
State should include city and county amounts
$2,500,000
Amount of taxable furniture, fixtures and a ul menf purchased in:
Ci
$1,000,000
Count should include city amount
$1,500,000
State should include city and county amounts
$2,000,000
Total construction salaries
$2,500,000
Expansion #2 if applicable)
Year of expansion
Market value of firm's initial NEW OR ADDITIONAL investment in:
Land
Building and improvements
Furniture, fixtures and equipment (including machine
Initial construction or expansion:
Cost of construction at the firm's new or expanded facility
Amount of taxable construction materials purchased in:
city
County should include city amount
State should include city and county amounts
Amount of taxable furniture, fixtures and equipment urchased in:
Cit
County should include city amount
State should include cityand countyamounts
Total construction salaries
Page 9 of 21
Expansion #3 if applicable)
Year of expansion
Market value of firm's initial NEW OR ADDITIONAL investment in:
Land
Building and improvements
Furniture, fixtures and equipment (including machine
Initial construction or expansion:
Cost of construction at the firm's new or expanded facility
Amount of taxable construction materials purchased in:
city
County should include city amount
State should include city and county amounts
Amount of taxable furniture, fixtures and a ul ment purchased in:
city
County should include city amount
State should include city and county amounts
Total construction salaries
OPERATIONS
First Year of Full Operations As a Result of This Project
2024
New or additional sales of the firm related to this project
Year t
$3,200,000
Year 2
$3,360,000
Year 3
$3,528,000
Year 4
$3,704,000
Year 5
$3,890,000
Year 6
$3,890,000
Year 7
$3,890,000
Year 8
$3,890,000
Year 9
$3,890,000
Year 10
$3,890,000
Percent of these sales subject to sales taxes in the:
city
1.0%
County
1.0%
State
3.0%
Annual net taxable income, as a percent of sales, on which state corporate income taxes
will be computed:
1 7.0%
Page 10 of 21
New or additional purchases of the firm related to this project
Year 1
$2,176,000
Year
$2,285,000
Year 3
$2,399,000
Year 4
$2,519,000
Year 5
$2,645,000
Year 6
$2,645,000
Year
$2,645,000
Year
$2,645,000
Year
$2,645,000
Year 10
$2,645,000
Percent of these purchases subject to salesrcom ensatin use taxes in the:
city
5.0%
County
5.0%
State
5.0%
EMPLOYMENT
Number of NEW employees to be hired each year as a result of this project
Year
6
Year
12
Year
8
Year
4
Year
Year
Year
Year
Year
Year 10
Page 11 of 21
Number of these employees moving to county each year FROM OUT-OF-STATE
Year
Year 2
Year 3
Year
Year 5
Year
Year
Year
Year
Year 10
Number of these employees moving to county each year FROM OTHER KANSAS COUNTIES
Year 1 2
Year 1
Year
Year
Year
Year
Year
Year
Year
Year 10
Page 12 of 21
Weighted average annual salary
of all NEW employees, including all employees hired to date, related to this project
Year 1
$43,507
Year
$43,385
Year
$43,680
Year
$44,356
Year 5
$45,687
Year
$47,057
Year
$48,469
Ye2r8
$49,923
Ye
$51!421
$51,421
Year 10
$52,963
VISITORS - Include customers, vendors and company employees from otherlocations in the count of visitors
Number of ADDITIONAL out -of -county visitors expected at the firm as a result of this project
Year
6
Year
6
Year
6
Year
6
Year
6
Year
6
Year
6
Year
6
Year
6
Year 10
6
Number of days that each visitor will sta in the area
2
Number of nights that a typical visitor will stayin a local hotel or motel
1
Percentage of visitors traveling on business
100%
Percentage of visitors traveling for leisure
Percentage of visitor's expenditures spent in the same city as firm's location
800%
Percenta a of visitor's expenditures spent in the same county as firm's location
807
Percentage of visitor's expenditures spent in Kansas
90%
Page 13 of 21
PAYMENT BY THE COMPANY TO TAXING JURISTICTIONSpayments in lieu of taxes
Firm payments to the Cit
Year
Year
Year
Year 4
Year
Year
Year
Year
Year
Year 10
Firm payments to the County
Year
Year
Year
Year
Year
Year
Year
Year
Year
Year 10
Page 14 of 21
Firm payments to the State of Kansas
Year
Year
Year
Year
Year
Year
Year
Year
Year
Year 10
Firm payments to the School District
Year
Year
Year
Year
Year
Year
Year
Year
Year
Year 10
Page 15 of 21
,CEDBR-FISCAL IMPACT MODEL
CONTACT INFORCEDBR REGARDING INCENTIVE AMOUNTS
MATION FOR
Contact name
iMiles Wolters
Contact tele hone number
785-404-1110
Contac[ a -mail atldresswoltersm
eo robe.com
SALES TAX EXEMPTION ON CONSTRUCTION MATERIALS
Sales tax exemption EXPANSION #1 lease enter yes or no
es
Percent of construction material costs funded by IRB for EXPANSION #1
80.0%
Sales tax exemption EXPANSION #2 (please enter yes or no)
No
Percent of construction material costs funded by IRB for EXPANSION #2
0.0%
Sales tax exemption EXPANSION #3 (please enter yes or no)
No
Percent of construction material costs funded by IRB for EXPANSION #3
0.0%
EXEMPTIONSALES TAX OPERATIONS of sales tax exemption for OPERATIONS -- CITY
Years
Year
Year 3
Year 4
Years
Year
Year?
Year
Year2
Year 10
Page 16 of 21
Value of sales tax exemption for OPERATIONS -- COUNTY
Year 1
Year
Year
Year
Year 5
Year
Year
Year
Year
Year 10
Value of sales tax exemption for OPERATIONS — STATE
Year 1
Year
Year
Year 4
Year 5
Year
Year
Ye
arB
Year9
Year 10
Page 17 of 21
PROPERTY
Property tax abatement - Real property land and buildin s
Number of Years
10
Percentage
100.0%
Property tax abatement - Machine and equipment
Number of Years
0
Percentage
0.0%
FORGIVABLE. -
Forgivable loans cash value -- CITY
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year
Year 9
Year 10
Forgivable loans cash value -- COUNTY
Year 1
Year 2
Year 3
Year 4
Year 5
Year
Year?
Year 8
Year 9
Year 10
Page 18 of 21
Forgivable loans cash value -- STATE
Year i
Year 2
Year
Year
Year 5
Year 6
Year 7
Year
Year 9
Year 10
STATE TRAINING DOLLARS
Training dollars KIT/KER/IMPACT cash value
Year 1
Year 2
Year
Year
Year 5
Year 6
Year 7
Year
Year 9
Year 10
INFRASTRUCTUREIMPROVEMENTS
Infrastructure improvements cash value -- CITY
Year i
Year 2
Year 3
Year
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Page 19 of 21
Infrastructure improvements cash value -- COUNTY
Year 1
Year 2
Year 3
Year
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Infrastructure improvements cash value -- STATE
Year 1
Year 2
Year 3
Year
Years
Year 6
Year 7
Year 8
Year 9
Year 10
Cash value of all other incentives -- CITY
Year 1
Year 2
Year 3
Year 4
Year 5
Year
Year
Year
Year 9
Year 10
Page 20 of 21
Cash value of all other incentives -- COUNTY
Year 1
Year 2
Year
Year
Year 5
Year 6
Year 7
Year
Year
Year 10
Cash value of all other incentives — STATE
Year 1
Year 2
Year 3
Year
Years
Year
Year 7
Year 8
Year 9
Year 10
Page 21 of 21
APPLICATION FOR INDUSTRIAL REVENUE BONDS
I. GENERAL INFORMATION
1. Dominion Resources, LLC 0$,13012022
Name ofApplieant Firm � Dnte ofliequeat
2. 1835 Wail St.
firm Adtlrcas..����_.�-'–Numberrv..._....__._..—_.._.._._........_......,.__...._._.__,._.:.....
3. Larry Kejr, Treasurer 785-404-1280
Gmtnel7xrsunhitl< phone Number Faz Numkrcr
4. Names and Addresses of other contacts:
Miles Wolters 1835 Wail St. Salina, KS 67401 785-404-1110
Nemc-....._�.....,_...,--_.--,. Addrss_.._..._._........_.._...._..___......_____.:_......... Plwnarpnx...._._......_....-._.___.........._..w.:....._.._.___
Names and address of the principal owners, officers and directors of the firm requesting the
Industrial Revenue Bonds:
Name Title Address
Kejr Treasurer 1835 Wall St. Salina, KS 67401
6.Joe Aker _ ., Attorney C Hampton & Ruyre 735-827-7251
APPlixaoPs AI[omey _ Phone Number Fox Numbcr
7.
Applicanis Underu mer (or Purchaser) Phone Number Fox Number
II. NATURE OF PROJECT FINANCING (if refundinglretinancing, skip to section III)
1. Briefly describe the proposed financing:
Building expansion for manufacturing facilities.
Dominion Resources LLC will be leasing to Keir Inc. (dba Geoprobe Systems). Geoprobe Systems will
be manufacturing in the building.
2. Is the proposed project a new facility, expansion, or replacement of another existing facility?
Expansion of existing building.
Please state the reason for the establishment of the new facility, expansion or replacement of the
existing facility:
Increased production capacity in manufacturing area.
Is the applicant's understanding that the interest on the proposed issue is lax -exempt or taxable?
(Consult Bond Counsel).
Taxable.
4. Proposed number of years to amortize the bond issue:
10 years
5. Describe proposed call features:
N/A
6. Describe the proposed security for the bonds (i.e., pledge of collateral, corporate/personal
guarantees, debt service reserve fund, credit enhancements, etc.).
NIA
Proposed date of issue: Summer 2023
Building completion dale currently estimated at May 2023.
8. Will the bonds be rates? No By whom?
9. Interest rate to be fixed or variable rate Fixed
10. Please attach proposed debt service schedule, if available.
11. Anticipated source and use of project financing.
Sources:
Bond proceeds
Cash
Other Geoprobe Systems purchasing Machlcyt.
Interest on Bond Proceeds during construction
TOTAL. _
Uses:
Land cost
Construction Costs
Machinery/Equipment
Cost of Issuance (specify)
Capitalized Interest
Debt Service Reserve Fund
Underwriting Fee
Other
If variable, please describe:
rnillion
I million
2 million
$ 7 million
E
—$5 million
—$2 million
TOTAL = $ �$7 million
10. Please indicate proposed Trustce.
TBD
III. REFUNDING/12EFINANCING (fill out this section if transaction is refunding of an existing bond
issue)
Section Ill is N/A.
3
1. Which form of refunding is proposed?
a. Advance Refunding
b. Current Refunding
2. Current Principal Outstanding $
3. Purpose of Refunding:
Interest savings (attach proposed savings schedule)
Extend or shorten repayment (attach debt service schedule)
Change indenture covenants (specify)
Other (specify)
4. Was the City of Salina the original Issuer? Yes..______. No
Original date of issue:
5. If an advance refunding is proposed:
Who is the proposed Escrow Trustee?
Who is proposed to provide escrow verification?
What is the length of escrow account?
6. When are the refunding bonds callable? ...... ... .... .__...._._.__..._,
7. Is there a call premium? Yes ._.__�(if so, %) No
8. List estimated sources and uses of refunding bond proceeds:
Sources: Uses:
TOTAL = $ TOTAL=$ _ _
4
9. Please list the proposed security of the refunding issue;
10. Proposed offering date of the bond issue:
11. Please describe any material changes that have occurred to the company since the original bond
issue, (i.e., new products or services, increase or decrease in employment, changes in sales
revenue, net worth, profitability, new locations, etc.).
IV. PROPOSED USE
Location of the proposed facility. '1840 Wall St. Salina, KS 67401
2. Size of the proposed facility (include size of building and amount of real property):
57,600 Sq. Ft.
3. Name of the Architect and Contractor, if designated:
DMA 2035 E Iron Ave, #100 Salina, KS 67401 Ph: 786-823-6002
PhondFax
Hutton 137 S 5th St. Salina, KS 67401 _ Ph: 785_825-4664
Nm;� w Address PFwndFax
4. What business is proposed by the applicant at this location?
Geoprobe Systems • Additional manufacturing capacity.
5
5. List the products or services to be rendered. (Include details of the nature and scope of the
operation of the business):
Manufacturing of drilt rias with applications within US and International markets; specifically the
Geotechnical, Environmental, Exploration, Water Well, Geothermal, and Construction Industries.
6. What percentage of the facility will be occupied by the Applicant? (If less than 100%, please
specify other occupants): l00%
7. Describe type of building construction proposed:
Metal/ Red Iron Building
8. Current zoning: 13
9. Anticipated date of completion: Projected at May 2023
V. ORGANIZATIONAL
I. Describe the organizational structure of the firm (proprietorship, partnership, subsidiary,
corporation, not-for-profit, ctc.)
Dominion Resources is a LLC (partnership)
2. Is the Applicant's stock publicly held? No
If so, which stock exchange? N/A
3. In what state is the Applicant incorporated? i4an$as
4. Date of incorporation. 72/29/2004 (Dominion Resources t.i.C)
5. Indicate Applicant's principal bank. Bennington State Sank
6. Which CPA firm docs the accounting/audit?
N/A - Privately held company. Audit not required.
contact pew. Address Phone/Fnx
7. Please indicate what company will be performing the environmental audit:
Eoviro Tech Services Inc. 361 N. Ohio St. Salina, I<S 67401785-827-1862
Person
PhOMTOK
Phase 1 Environmental Assessment was completed in June 2004 for address 1835 Wall St. and
adjacent property when purchased by Dominion Resources LLC. Copy of the report provided alongside
application.
8. Describe and pending or threatened litigation:
N/A
9. Total employment of Applicant —
Geoprobe Systems current employee count is 188.
10. How many locations docs applicant currently have?
List locations:
3 locations in Salina, I<S
I location in Ocala, FL
I location in Oxford, PA
VII. MARKETING OF TILE BONDS Section Vil is NIA
I. Has the applicant retained a financial advisor, instead of or in addition to an underwriter?
componyname Phone/Paz
Pers.
2. Please indicate the proposed marketing arrangement:
Retail public offering Institutional offering
7
Private Placement Applicant purchases issue (indicate %)
Other (please describe)
Proposed date of issue:
4. Proposed date of offering:
5. Proposed date of closing:
6. Is the issue to be sold interstate or intrastate?
If other underwriters are going to participate in the offering please list:
Company
Principal location
VIII. MEASURE OF ECONOMIC GROWTII AND BENEFIT
Number of expected new additional employees to be hired at this site:
Year t Year 2 Year 3
Professional t
Technical J_
Clerical
Laborers 4 0 4
2. Please indicate any notable characteristics of the employees for this facility:
Employees at this location will primarily be responsible for higher-level I skilled assembly of complex,
drilling equipment and machinery.
E soma€ed wage per employee is approximately $19.751 hour. (Estimated ata full time position.
N inimum of 2,080 hourslyear.)
3. Describe the economic benefits to the City's economy if the transaction is completed:
This would be an addition of jobs due to higher production capacity which is currently limited.
In addition to this, Geoprobe Systems sells a majority of its product to locations outside the state of
Kansas. (International and non -Kansas -based customers make up over 9001 of Geoprobe Systems
sales.)
IX. POTENTIAL CONFLICTS
Is any City Commissioner an officer, director or employee of the Applicant or hold an ownership
interest in Applicant's firm? If so, please identify the individual and the nature of the relationship.
No known issues.
2. Please describe any other known circumstances that would create a conflict of interest:
No known issues.
PLEASE NOTE: Any potential conflicts as disclosed above do not necessarily negate the
approval of the Issue, but are pertinent for determining those conflicts for the purpose of public
disclosure.
X. OTHER INFORMATION
Specify below any other data or information you deem pertinent for the City's consideration in passing
upon the approval of the proposed project for financing:
XI. ATTACHMENTS
To facilitate the processing of the application, please attach the following items to the application.
1. Certified copies of applicant's financial audits for the past three (3) years.
2. Applicant's most recent annual or quarterly financial report.
3. Financial Statement, current to date, for each personal guarantor.
4. Pro forma statements for the first five (5) years of operation after issuance of Bonds,
including revenue projections, operating expense projections and a debt amortization
schedule.
5. Interim financial statements to date, for the current fiscal year.
XII. APPLICANT'S AGREEMENT
In consideration for the City's acceptance, processing and consideration of this application, Applicant
agrees, represents and warrants as follows:
Applicant acknowledges that City of Salina policy requires a full payment in lieu of ad valorem
property taxes otherwise exempt under Kansas law as a result of the industrial revenue bond financing.
Applicant acknowledges having read the City's tax abatement policy set forth in the attached City of
Salina Resolution Number 91-4265, including the conditions upon which Applicants project may
qualify for partial property tax abatement. Is the applicant requesting partial property tax
abatement pursuant to the City's policy? 100%
Applicant agrees and understands that Applicant shall be responsible for paving all expenses incurred
by the City for professional services pertaining to this application and Applicants protect regardless of
whether or not the project is approved or a closing on the sale of the contemplated bonds takes place.
Applicant represents and warrants that all statements of fact contained in this application arc true to the
Applicants best knowledge and belief.
Partial completion of this application is permitted, however, prior to the adoption of the bond ordinance,
the remaining supplementary information to complete this application must be furnished. Additional
information may be required by Bond Counsel and the Financial Advisor.
It is understood and agreed the information required in Section XI or any other information will be
disclosed to the financial team and may be disclosed to the public.
DAT M this ISS day of - 61Ln 2621
pppt cuy sign lure
—
Tiik
Return this application to:
Shandi Wicks
City Clerk
City of Salina
P.O. Box 736
Salina, Ks. 67402-0736
10