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CITY of KANSAS CITY, MISSOURI SPECIAL OBLIGATION BONDS George K. Baum & Company Wells Fargo Securities Valdés & Moreno

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CITY of KANSAS CITY, MISSOURI SPECIAL OBLIGATION BONDS George K. Baum & Company Wells Fargo Securities Valdés & Moreno NEW ISSUE RATINGS: BOOK-ENTRY-ONLY Moody’s Investors Service Inc.: A1 Standard & Poor’s Ratings Services: AA- Fitch Ratings: A+ In the opinion of Kutak Rock LLP, Kansas City, Missouri and the Hardwick Law Firm, LLC, Kansas City, Missouri, Co-Bond Counsel, under existing laws, regulations, rulings and judicial decisions and assuming continuing compliance with certain covenants, interest on the Series 2012A Bonds is excluded from gross income for federal and Missouri income tax purposes and is not a specific preference item for purposes of the federal alternative minimum tax., Also, in the opinion of Co-Bond Counsel, the interest on the Series 2012B Bonds is not excluded from gross income for federal and Missouri income tax purposes. See “TAX MATTERS” herein and the form of Opinion of Co-Bond Counsel attached hereto as Appendix D. CITY OF KANSAS CITY, MISSOURI SPECIAL OBLIGATION BONDS $15,985,000 $59,280,000 Special Obligation Bonds Taxable Special Obligation Refunding and Improvement Bonds (Kansas City, Missouri Projects), (Kansas City, Missouri Projects), Series 2012A Series 2012B Dated: Date of Delivery Maturities, Principal Amounts, Interest Rates, Prices, Yields and CUSIP Numbers are shown on the Inside Cover Page The Special Obligation Bonds (Kansas City Missouri Projects), Series 2012A (the “Series 2012A Bonds”) and the Taxable Special Obligation Refunding and Improvement Bonds (Kansas City, Missouri Projects), Series 2012B (the “Series 2012B Bonds”) (collectively, the Series 2012A Bonds and the Series 2012B Bonds are referred to as the “Bonds”), are being issued for the purposes of (i) providing funds to finance and refinance certain project costs; (ii) refunding certain prior series of bonds; (iii) paying capitalized interest on a portion of the Bonds; and (iv) paying certain costs related to the issuance of the Bonds. The Series 2012A Bonds and the Series 2012B Bonds will be issued under separate Trust Indentures, each dated as of March 1, 2012, between the City of Kansas City, Missouri (the “City” or the “Issuer”) and BOKF, N.A. d/b/a Bank of Kansas City, as Trustee (the “Trustee”). THE BONDS OF EACH SERIES AND THE INTEREST THEREON SHALL BE SPECIAL, LIMITED OBLIGATIONS OF THE CITY PAYABLE OUT OF CERTAIN FUNDS APPROPRIATED BY THE CITY AND MONEYS IN THE FUNDS AND ACCOUNTS HELD BY THE TRUSTEE UNDER THE INDENTURE FOR SUCH SERIES AND ARE SECURED BY A TRANSFER, PLEDGE AND ASSIGNMENT OF AND A GRANT OF A SECURITY INTEREST IN THE TRUST ESTATE TO THE TRUSTEE AND IN FAVOR OF THE OWNERS OF THE BONDS, AS PROVIDED IN THE INDENTURE FOR SUCH SERIES OF BONDS. THE BONDS AND INTEREST THEREON SHALL NOT BE DEEMED TO CONSTITUTE A DEBT OR LIABILITY OF THE CITY WITHIN THE MEANING OF ANY CONSTITUTIONAL, STATUTORY OR CHARTER LIMITATION OR PROVISION, AND SHALL NOT CONSTITUTE A PLEDGE OF THE FULL FAITH AND CREDIT OF THE CITY, BUT SHALL BE PAYABLE SOLELY FROM THE FUNDS PROVIDED FOR IN THE INDENTURE FOR SUCH BONDS. THE ISSUANCE OF THE BONDS SHALL NOT, DIRECTLY, INDIRECTLY OR CONTINGENTLY, OBLIGATE THE CITY TO LEVY ANY FORM OF TAXATION THEREFOR OR TO MAKE ANY APPROPRIATION FOR THEIR PAYMENT. The Bonds will be issued as fully registered bonds without coupons, and, when issued, will be registered in the name of Cede & Co., as Bondowner and nominee for the Depository Trust Company (“DTC”), New York, New York. DTC will act as securities depository for the Bonds. Purchases of the Bonds will be made in book-entry only form, in denominations of $5,000 or integral multiples thereof. Purchasers will not receive certificates representing their interests in Bonds purchased. So long as Cede & Co., as nominee of DTC, is the Bondowner, references herein to the Bondowners or Registered Owners shall mean Cede & Co., as aforesaid, and shall not mean the Beneficial Owners (as defined herein) of the Bonds. See “THE BONDS - Book-Entry System” herein. Principal of the Bonds will be paid on the dates and in the years in which the Bonds mature as set forth on the inside cover page hereof. Interest on the Bonds will accrue from the date of issuance and be payable semi-annually on each March 1 and September 1, commencing September 1, 2012. So long as DTC or its nominee, Cede & Co., is the Bondowner, such payments will be made by the Trustee for each series of Bonds, as paying agent and registrar, directly to such Bondowner. Disbursement of such payments to DTC Participants is the responsibility of DTC. Distribution of such payments to Beneficial Owners is the responsibility of Direct Participants and Indirect Participants, as more fully described herein. The Bonds are subject to redemption prior to maturity as more fully described under the caption “THE BONDS – Redemption” in this Official Statement. The Bonds are offered when, as and if issued by the City, subject to the approval of legality by Kutak Rock LLP, Kansas City, Missouri, and Hardwick Law Firm, LLC, Kansas City, Missouri, Co-Bond Counsel. Certain legal matters will be passed upon for the City by the Office of the City Attorney, and for the Underwriters listed on this cover page (the “Underwriters”) by Bryan Cave LLP, Kansas City, Missouri. Certain disclosure matters will be passed upon for the City by its co-disclosure counsel, King Hershey, PC, Kansas City, Missouri; Clayborn & Associates, LLC, Kansas City, Missouri, and Jane Hart Law Offices, LLC, Kansas City, Missouri. It is expected that the Bonds will be available for delivery at DTC on or about March 29, 2012. George K. Baum & Company Wells Fargo Securities Valdés & Moreno, Inc. This Official Statement dated March 15, 2012 CITY OF KANSAS CITY, MISSOURI SPECIAL OBLIGATION BONDS $15,985,000 $59,280,000 Special Obligation Bonds Taxable Special Obligation Refunding and Improvement Bonds (Kansas City, Missouri Projects), (Kansas City, Missouri Projects), Series 2012A Series 2012B MATURITIES, PRINCIPAL AMOUNTS, INTEREST RATES, PRICES, YIELDS AND CUSIP NUMBERS Base CUSIP Number 485106 $15,985,000 SPECIAL OBLIGATION BONDS (KANSAS CITY, MISSOURI PROJECTS), SERIES 2012A Maturity Maturity Date Principal Interest Price Yield CUSIP Date Principal Interest Price Yield CUSIP (March 1) Amount Rate (%) (%) (%) Number1 (March 1) Amount Rate (%) (%) (%) Number1 2017 $ 775,000 2.000% 100.749% 1.840% FR4 2025 $ 990,000 3.750% 98.386% 3.910% FZ6 2018 790,000 2.500 101.155 2.290 FS2 2026 1,025,000 5.000 109.752¨ 3.810¨ GA0 2019 805,000 3.000 102.135 2.660 FT0 2027 1,075,000 4.000 99.330 4.060 GB8 2020 830,000 4.000 107.148 2.980 FU7 2028 1,115,000 4.000 98.721 4.110 GC6 2021 865,000 3.125 99.036 3.250 FV5 2029 1,160,000 4.125 99.334 4.180 GD4 2022 890,000 3.250 98.577 3.420 FW3 2030 1,215,000 4.125 98.563 4.240 GE2 2023 920,000 3.500 99.012 3.610 FX1 2031 1,260,000 4.250 99.354 4.300 GF9 2024 955,000 3.625 98.710 3.760 FY9 2032 1,315,000 4.250 98.411 4.370 GG7 Base CUSIP Number 485106 $59,280,000 TAXABLE SPECIAL OBLIGATION REFUNDING AND IMPROVEMENT BONDS (KANSAS CITY, MISSOURI PROJECTS), SERIES 2012B Maturity Maturity Date Principal Interest Price Yield CUSIP Date Principal Interest Price Yield CUSIP (March 1) Amount Rate (%) (%) (%) Number1 (March 1) Amount Rate (%) (%) (%) Number1 2014 $ 2,900,000 1.460% 100.000% 1.460% GH5 2024 $2,080,000 4.375% 98.581% 4.530% GT9 2015 2,935,000 1.760 100.000 1.760 GJ1 2025 2,175,000 4.625 99.467 4.680 GU6 2016 2,985,000 2.100 100.000 2.100 GK8 2026 2,275,000 4.750 99.192 4.830 GV4 2017 4,675,000 2.550 100.000 2.550 GL6 2027 2,375,000 4.875 98.899 4.980 GW2 2018 4,805,000 3.060 100.000 3.060 GM4 2032 13,855,000 5.250 98.538 5.370 GX0 2019 8,045,000 3.410 100.000 3.410 GN2 2020 3,075,000 3.680 100.000 3.680 GP7 2021 3,185,000 3.930 100.000 3.930 GQ5 2022 1,920,000 4.130 100.000 4.130 GR3 2023 1,995,000 4.250 98.877 4.380 GS1 1 CUSIP Numbers have been assigned to this issue by Standard & Poor’s CUSIP Service Bureau, a division of The McGraw-Hill Companies, Inc., and are included solely for the convenience of the Bondowners. Neither the City nor the Underwriters shall be responsible for the selection or correctness of the CUSIP numbers set forth above. ¨ Price and yield calculated to the first optional call date (March 1, 2022). REGARDING USE OF THE OFFICIAL STATEMENT No dealer, broker, salesman or other person has been authorized by the City or by any person to give any information or to make any representations with respect to the Bonds offered hereby, other than those contained in this Official Statement, and, if given or made, such other information or representations must not be relied upon as having been authorized by any of the foregoing. This Official Statement does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any offer, solicitation or sale of the Bonds by any person in any jurisdiction in which it is unlawful for such person to make such offer, solicitation or sale. Statements contained in this Official Statement which involve estimates, forecasts or matters of opinion, whether or not so expressly described herein, are intended solely as such and are not to be construed as representations of fact.
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