BY BECKY KISER
Hays Post

The city of Hays will take bids for the purchase of approximately $1.01 million of General Obligation Bonds, Series 2015A on Thursday, June 11, at the city commission meeting. Commissioners must approve an ordinance and resolution to authorize issuance of the bonds.

Final versions of the ordinance and resolution, as well as final payment terms on the bonds, will be made available by George K. Baum & Co., the city’s financial advisor, and Gilmore & Bell, P.C., the city’s bond counsel after the sale of the bonds and before the commission meeting.

The bonds will be paid from special assessment revenues received by the city as property owners within the Golden Belt 5th Addition and 46th Street 2nd Addition improvement districts pay their tax bills.

Finance Director Kim Rupp reported last week the city received a Standard & Poor’s AA rating on the bonds.

The other agenda item for Thursday’s meeting is to hear and consider accepting the 2014 audit by Adams, Brown, Beran and Ball.

The meeting starts at 6:30 p.m. in Hays City Hall, 1507 Main Street.

See the complete agenda here.