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Council approves sale of about $28.9 million in general‑obligation bonds to fund capital projects

5965383 · October 20, 2025

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Summary

The Overland Park City Council unanimously adopted Resolution No. 5,073 to authorize a competitive sale of approximately $28.9 million in general‑obligation bonds; staff said the sale is expected to net about $30.7 million and will fund capital improvement projects including public infrastructure and facilities.

The Overland Park City Council on Oct. 20, 2025, unanimously approved Resolution No. 5,073 authorizing the competitive sale of approximately $28,900,000 in general‑obligation bonds.

Finance staff told the council the bonds are expected to sell at a premium and could net about $30,700,000 in proceeds. The city will use the bond proceeds to fund projects included in the adopted capital improvements program, including public infrastructure and public facilities.

Councilmember Newland moved adoption of the resolution; a second was recorded. The council called the roll and the motion passed unanimously.

City staff said the sale is scheduled for Nov. 17, 2025; staff noted the resolution authorizes the competitive sale and the final sale details will be set at that time.