NOTICE OF BOND OFFERING-SW19 TOD Stadium Facility
$6,200,000
Taxable Revenue Bond
(SW19 TOD Stadium Facility)
Series 2025
The Kansas City Area Transportation Authority (the “KCATA”) is a quasi-federal political subdivision pursuant to 80 Stat. 826, P.L. 89-599 approved by Congress on September 21, 1966, a political subdivision of the State of Kansas, pursuant to K.S.A. 12-2524 et seq., and a political subdivision of the State of Missouri, pursuant to RSMo 238.010 et seq. (the “Compact”).
Under the Compact, KCATA is granted the broad authority, among other things, to promote the planning and development within its Kansas City Area Transportation District (the “District”); to purchase, lease, plan, construct, own and operate and own or operate, and thereafter maintain transportation and transit-oriented development (“TOD”) facilities; to issue tax-exempt and taxable bonds paid from facility use revenues; to promote the adoption of plans and improvements to improve commerce in and through the District; and to exercise any and all other powers which are necessary and incidental to each of the foregoing powers and the federal transit policy goals under, among others, 49 U.S.C. § 5302 (the “Federal Transit Code”).
In furtherance of the Compact, the Federal Transit Code, and the KCATA’s passenger transportation objectives, the KCATA, by the President and CEO, is accepting sealed proposals with respect to the above-referenced Taxable Revenue Bond (SW19 TOD Stadium Facility) Series 2025 (the “Bond”) at the offices of the KCATA, 1200 East 18th Street, Kansas City, Missouri 64108 until 10:00 A.M., Central Time on December 31, 2025. Purchase and bid forms related to this Notice of Bond Offering of Series C Bond may be obtained from the President and CEO.
The Bond shall be limited for purchase to a “qualified institutional buyer” as defined in Rule 144A promulgated under the Securities Act, as in effect on the date hereof, or (2) an “accredited investor” as defined in Regulation D promulgated under the Securities Act. Additional information regarding the Bond may be obtained from the President and CEO at (816) 346-0200.
KANSAS CITY AREA TRANSPORTATION AUTHORITY
By: Frank White, III, President and CEO