Notice of Bond Sale: $115,997.42 Rural Special Improvement District Bonds

NOTICE OF BOND SALE

$115,997.42 Rural Special Improvement District Bonds

(Rural Special Improvement District No. 159)

FLATHEAD COUNTY, MONTANA

NOTICE IS HEREBY GIVEN that the Board of County Commissioners (the “Board”) of Flathead County, Montana (the “County”), will receive sealed bids for the purchase of $115,997.42 Rural Special Improvement District Bonds (Rural Special Improvement District No. 159) (the “Bonds”) in the Flathead County Board of Commissioners, 800 South Main Street, Room 302, Kalispell, MT 59901, until 4:00 p.m. local time on Monday August 25, 2025. No late, emailed, or faxed bids will be accepted. Bids will be opened publicly August 26, 2025, at 9:00 a.m. local time in the Commissioners Chambers. The tabulation of bids will be presented to the County Commissioners at a meeting August 28, 2025. This Board will consider the bids and, if a responsive and acceptable bid is received, award the sale of the Bonds. Award of sale will be made to the bidder with the lowest true interest cost (“TIC”) by the Board. The Bonds will be issued for the purpose of financing the cost of construction of certain local improvements (the “Improvements”) within or for the benefit of Rural Special Improvement District No. 159; and paying costs associated with the sale and issuance of the Bonds. The Bonds shall mature, subject to redemption, on July 1 in the following years and amounts (unless combined into one or more term bonds):

Year    Amount                       Year    Amount

2026     $5,800                        2036    $5,800

2027    $5,800                        2037    $5,800

2028     $5,800                        2038    $5,800

2029     $5,800                        2039    $5,800

2030    $5,800                        2040    $5,800

2031    $5,800                        2041    $5,800

2032    $5,800                        2042    $5,800

2033    $5,800                        2043    $5,800

2034    $5,800                        2044     $5,800

2035    $5,800                        2045    $5,797.42

The Bonds shall be issuable only as fully registered bonds and shall be executed by the manual or facsimile signatures of the Board Chair, the County Treasurer, and the County Clerk and Recorder. The Bonds shall be secured by the County’s Rural Special Improvement District Revolving Fund (the “Revolving Fund”).

Serial bonds shall be in the denomination of $5,800 each or any integral multiple thereof of single maturities (except that one bond maturing in 2045 will be in the principal amount of $5,797.42). Bidders will have the option of combining the Bonds maturing on and after 2026 through and including 2033 and on and after 2034 through and including 2040 into one or more term bonds. If any Bonds are issued as term bonds, such term bonds will be subject to annual mandatory sinking fund redemption on each July 1, concluding no later than 2040, at a redemption price equal to the principal amount of such Bonds or portions thereof to be redeemed with interest accrued thereon and payable on January 1 and July 1 to the redemption date, in installments and in the same amounts and on the same dates as the bonds would have matured if they were not included in a term bond.

The Bonds shall be dated, as originally issued, as of August 28, 2025, and shall bear interest payable semiannually on January 1 and July 1 of each year, commencing January 1, 2026, at a rate or rates designated by the successful bidder at public sale and approved by this Board; provided that interest rates must be in level or ascending order, no supplemental or B coupons or additional interest certificates shall be permitted and rates shall be expressed in integral multiples of 1/8 or 5/100 of one percent. The Bonds with stated maturities on or after July 1, 2035, will be subject to redemption on July 1, 2034, and any date thereafter, at the option of the County, in whole or in part, at a redemption price equal to the principal amount thereof to be redeemed plus interest accrued to the redemption date, without premium. The Bonds are also subject to mandatory redemption on an interest payment date if the amounts in the Sinking Fund, either from prepayment of assessments or transfers from the Construction Account to the Principal Account, are sufficient to pay outstanding Bonds, or portions thereof, with interest thereon to that interest payment date.

The Bonds will be sold for not less than $115,997.42 (100% of par) with accrued interest on the principal amount of the Bonds to the date of their delivery. The Board reserves the right to reject any and all bids, to waive any informality in any bid, and to adjourn the sale. A good faith deposit in the form of money, cashier’s check, certified check, bank money order, or bank draft drawn and issued by a federally chartered or state chartered bank insured by the Federal Deposit Insurance Corporation or a financial surety bond in the sum of 2% of the aggregate principal amount of the Bonds ($2319.95) payable to the order of the County is required for each bid to be considered, as further specified in the Official Terms and Conditions of Sale.

Copies of the Official Terms and Conditions of Sale may be obtained from the Flathead County Clerk and Recorder, 800 S. Main, Kalispell, MT 59901, telephone (406) 758-5537.

Dated this 5^th day of August, 2025.

BOARD OF COUNTY COMMISSIONERS

                                                                        Flathead County, Montana

                                                                        By_/s/Pamela J. Holmquist__________

     Pamela J. Holmquist, Chairman

ATTEST:                                                            

Dori Magar, Clerk to the Board

By:_/s/Dori Magar________                                   

Publish on August 14 and 21, 2025.