BID - One Fully-Collateralized Jumbo Certificate of Deposit

The City of Overland Park, Kansas is seeking a single financial institution to issue a fully‑collateralized Jumbo Certificate of Deposit (CD) with a principal amount of $10 million and a 36‑month maturity. The CD must be fully collateralized using acceptable forms (e.g., FHLB Letter of Credit, U.S. Treasury securities, mortgage‑backed securities) and cannot be a brokered, CDARS, or Intrafi CD. The purchase (issuance) date is the morning of June 10 2026, and the bidder must submit their proposed interest rate and maturity date to the city’s contact by 9:00 AM CST that same day. This solicitation provides no detailed evaluation criteria, award timeline, or renewal options. • Issue a single $10 M fully‑collateralized CD (no brokered or CDARS products). • Collateral must be placed with the Kansas Collateral Program or provided via approved securities. • Submit interest rate and maturity proposal by June 10 2026, 9:00 AM CST via email. • CD matures 36 months after issuance (June 10 2029).