NOTICE OF FINANCING INSTRUMENT OFFERING
$26,000,000
Tax-Exempt Multifamily Governmental Note
(Redbud Reserve TOD Facility)
Series 2025 A
and
$26,500,000
Taxable Revenue Financing Instrument
(Redbud Reserve TOD Facility)
Series 2025 B
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, and 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 financing instruments 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 Acting President and CEO, is accepting sealed proposals with respect to the above-referenced Financing Instruments (Series 2025 A and Series 2025 B) KCATA at 1200 East 18th Street, Kansas City, Missouri 64108 until 10:00 A.M., Central Time on September 30, 2025. Purchase and bid forms related to this Notice of Financing Instrument Offering may be obtained from the Acting President and CEO. The Series A Financing Instrument shall be limited to a “qualified institutional buyer” as defined in Rule 144A promulgated under the Securities Act, as in effect on the date hereof, (2) an “accredited investor” as defined in Regulation D promulgated under the Securities Act (as defined in the Funding Loan Agreement, and the Series B Financing Instrument shall be limited to “Accredited Investors” as defined in Rule 501 of Regulation D promulgated under the Securities Act of 1933 and “Qualified Institutional Buyers” as defined in Rule 144A or the Company (as such terms are defined in the Funding Loan Agreement and Notice of Financing Instrument Sale, copies of which are available from the Acting President and CEO). The respective Financing Instruments may be bid upon separately and by different parties. Additional information regarding the Financing Instruments (Redbud Reserve TOD Facility) may be obtained from the Acting President and CEO at (816) 346-0200.
KANSAS CITY AREA TRANSPORTATION AUTHORITY
By: Michael J. Leone, Acting President and CEO