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B.C. Schools Trustees meeting re: Proposed lease

NOTICE OF PUBLIC HEARING

PROPOSED LEASE AGREEMENT FOR BROWN COUNTY SCHOOLS

  You are hereby notified that a public hearing will be held at 6 pm at the meeting of the Board of School Trustees of Brown County Schools on July 2, 2012, at the Administration Building, 2112, 357 East Main Street, Nashville, Indiana, upon a proposed lease agreement to be entered into between the Brown County High School and Nashville School Building Corporation, as lessor, and the Brown County Schools, as lessee.

  The term of the proposed lease agreement upon which the hearing will be conducted is ten (10) years, commencing on the date of execution of the lease agreement.  The lease agreement provides for rent under the lease agreement during renovation, in the amount of $150,000 per payment, payable on June 30 and December 31, commencing on June 30, 2013.   Upon completion of the proposed renovation of the HVAC, mechanical systems and window, the annual rental to be paid will be adjusted to a maximum of $2,200,000 per year payable in equal semiannual installments on June 30 and December 31, commencing the later of the completion of these renovations or June 30, 2017.  As additional rental, the lessee shall pay all taxes and any rebate amounts owed to the United State Treasury.  The lease agreement requires the lessee to maintain insurance on the buildings and to bear all costs of any other alterations or repairs.  After the sale by the building corporation of its First Mortgage Bonds to pay for the cost of the proposed additional renovations to the buildings, including the acquisition of the sites thereof and other expenses incidental thereto, the annual rentals will be reduced to amounts equal to the multiple of $1,000 next higher than the sum of the principal and interest due on such bonds in each twelve-month period ending on January 15, plus $3,000.  The annual rentals shall be payable in equal semiannual installments.  Due to retirement of existing debt, the lease rentals set forth in the lease are not expected to increase the debt service tax levy from its current level.

  The lease agreement gives an option to the school corporation to purchase the leased premises on any lease rental payment date.  The leased premises shall consist of portions of the Brown County High School and the Nashville Elementary School.  The six projects to be undertaken by this lease agreement will consist of the (i) HVAC, mechanical systems and windows at Brown County High School; (ii) HVAC, mechanical systems and windows at Brown County Junior High School; (iii) HVAC, mechanical systems and windows at Sprunica Elementary; (iv) HVAC, mechanical systems and windows at Helmsburg Elementary; (v) HVAC, mechanical systems and windows at Nashville Elementary; and (vi) HVAC, mechanical systems and windows at Van Buren Elementary.

  Drawings, plans and specifications, including estimates of the costs of the proposed  renovations, as well as a copy of the proposed lease agreement, are available for inspection at the Administration Building, 357 East Main Street, Nashville, Indiana.

  At the hearing, all persons interested shall have a right to be heard upon the necessity for the execution of the lease agreement and upon whether the lease rental set forth therein is fair and reasonable for the proposed building.  The hearing may be adjourned to a later date or dates.  Following the hearing Board of School Trustees may either authorize the execution of the Lease Agreement as originally approved or may make modifications therein as may be agreed upon with the Building Corporation.

  Dated:   May 30, 2012

Carol Bowden

Secretary

  Board of School Trustees

  Brown County Schools

12-144  5/30/2012  31561950

Obituaries
See Full List »

Carol Ann Spencer-Thomas, 73, Brown County
  Wife of Charles R. Thomas of Brown County

Robert 'Bob' F. Melton, 80, Brown County
  Husband of Annabelle Melton of Brown County

The Rev. John S. Honeay, 89, Greenwood
  Member of Unity Baptist Church and father of Barbara Ranard (Harvey) of Brown County

  • January 31
    Euchre
    6 p.m. Sycamore Valley Center, 746 Memorial Drive (fairgrounds)
  • January 31
    Dave Miller at Abe Martin Lodge
    5:30 to 7:30 p.m. Abe Martin Lodge, Brown County State Park
  • January 31
    Live band at sports bar
    8 p.m. Salt Creek Golf Retreat, 2359 State Road 46 East
  • January 31
    'Wild' at the Playhouse
    4 p.m. BC Playhouse, 70 S. Van Buren St.
  • January 31
    'Psycho' party at the Playhouse
    7:30 p.m. BC Playhouse, 70 S. Van Buren St.
  • February 1
    'Wild' at the Playhouse
    4 p.m., 7 p.m. BC Playhouse, 70 S. Van Buren St.
  • February 2
    Gnaw Bone Sewage District
    5:30 p.m. Library, 205 N. Locust Lane
  • February 3
    Euchre
    6 p.m. Sycamore Valley Center, 746 Memorial Drive (fairgrounds)
  • February 3
    Open 12-step meetings in New Bellsville area
    6 to 7 p.m. Harmony Baptist Church, 3999 Mt. Liberty Road, New Bellesville
  • February 3
    Bean Blossom Regional Sewer Board
    7:30 p.m. County Office Building, 201 N. Locust Lane
  • February 3
    Women's Bible study offered
    1 to 3 p.m. Cornerstone Inn, 54 E. Franklin St.
  • February 4
    Lake Lemon Conservancy District annual meeting
    6 p.m. Benton Township Senior Center, 7616 E. State Road 45, Unionville
  • February 4
    Jeff Foster at Hobnob restaurant
    6 to 8 p.m. Hobnob, 17 W. Main St.
  • February 4
    Van Buren Township Advisory Board
    7 p.m. Van Buren trustee's office, 4748 Christianburg Road
  • February 4
    BC Emergency Management Advisory Council
    8 a.m. Ambulance Base, 53 State Road 46 East
  • February 5
    Go Club meeting Thursdays
    3:30 to 5 p.m. Brown County Public Library, 205 N. Locust Lane
  • February 5
    Jackson Township Board
    6 p.m. Jackson Fire Station, 4831 Helmsburg Road
  • February 6
    Bingo
    5 p.m. Fruitdale Fire Station, 5200 State Road 135 North, Bean Blossom
  • February 7
    Euchre
    6 p.m. Sycamore Valley Center, 746 Memorial Drive (fairgrounds)
  • February 7
    Dave Miller at Abe Martin Lodge
    5:30 to 7:30 p.m. Abe Martin Lodge, Brown County State Park
  • February 7
    Karaoke at sports bar
    8 p.m. Salt Creek Golf Retreat, 2359 State Road 46 East
  • February 7
    Cabin Fever Concert features local music
    7 to midnight The Seasons Lodge, 560 State Road 46 East
  • February 9
    Washington Township Trustees
    7 p.m. Parkview Church of the Nazarene, 1750 State Road 46 East
  • February 9
    Reservation deadline for Valentine's tea at local shop
    Sweetea's Tea Shop, 225 S. Van Buren St., Suite C, Coachlight Square
  • February 10
    Euchre
    6 p.m. Sycamore Valley Center, 746 Memorial Drive (fairgrounds)
  • February 10
    Van Buren Fire Department
    6 p.m. Van Buren Fire Station, 4040 State Road 135 South
  • February 10
    Peaceful Valley Heritage Preservation Society meeting set
    6:30 p.m. Library, 205 N. Locust Lane
  • February 10
    BC Genealogical Society meeting slated
    2 p.m. Brown County History Center, 90 E. Gould
  • February 11
    East Hill Cemetery meeting slated
    7 p.m. Morgantown Community Center, 269 W. Washington St.
  • February 12
    BC Convention & Visitors Commission
    8:30 a.m. County Office Building, 201 N. Locust Lane
  • February 13
    Bingo
    5 p.m. Fruitdale Fire Station, 5200 State Road 135 North.
  • February 13
    Daddy-daughter Valentine's dance Friday the 13th
    6:30 p.m. Sweetea's Tea Shop, 225 S. Van Buren St., Suite C, Coachlight Square
  • February 14
    Free community breakfast at Sprunica church
    8 to 10 a.m. Sprunica Baptist Church, 3902 Sprunica Road
  • February 17
    Hamblen Trustee Board annual review
    6:30 p.m. 2314 Hickory Ridge Lane off Hornettown Road
  • February 19
    Woodlands project dinner, meeting slated
    6 p.m. Parkview Church of the Nazarene, 1750 State Road 46 East
  • February 20
    Bingo
    6 p.m. Fruitdale Fire Station, 5200 State Road 135 North, Bean Blossom
  • March 7
    Meet 'Wilderness Plots' author at the library
    7 p.m. Library, 205 N. Locust Lane
  • March 8
    'Wilderness Plots'-themed concert planned
    4 p.m. BCHS, 235 School House Lane
  • March 8
    Brown County bridal tour slated
    10 a.m. to 6 p.m. various locations
  • March 10
    Soil & water conservation district to celebrate 62 years
    6 p.m. Brown County History Center, 90 E. Gould
  • March 21
    Venders needed for Jackson TFD yard sale
    8 a.m. to 5 p.m. Jackson Township Fire Department, 4831 Helmsburg Road
  • April 26
    County history center dedication slated
    2 p.m. Brown County History Center, 90 E. Gould