City of Bonner Springs Agenda 2026-06-22
Termination of IRBs for DRI INK LLC Project
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Description
Bonner Springs plans to act on terminating its industrial revenue bonds supporting the DRI INK LLC project, with Series 2006 and Series 2012 totaling $1.89 million in principal, by executing deeds and releases to complete the lease option-to-purchase. This action would end the City’s participation in the IRB financing arrangement in 2026.
Contract Details
Contract Amount
$890,000 (Series 2006) and $1,000,000 (Series 2012) in industrial revenue bonds
Vendor
DRI INK LLC
Agency
City of Bonner Springs, KS
Contract Type
FINANCIAL_SERVICES
Document Date
June 22, 2026
Contract Term
Industrial revenue bond project initiated with Series 2006 and Series 2012; termination/option to purchase in 2026
Renewal Date
2026-06-22
Renewal Info
Agenda contemplates termination and option-to-purchase of the IRB lease arrangement for Series 2006 and Series 2012, not a renewal.
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City of Bonner Springs Agenda Packet 2026-06-22
City of Bonner Springs Agenda Packet 2026-06-22
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