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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

  • September 3
    Go Club at the library
    3:30 to 5 p.m. Library, 205 N. Locust Lane
  • September 3
    WRAPS
    7 to 9 p.m. Library, 205 N. Locust Lane
  • September 3
    Gospel jam & sing in Gnaw Bone
    6:30 p.m. Country Gospel Music Church, 5181 State Road 46 East
  • September 3
    Brown County Schools Board of Trustees
    6:30 p.m. BC Intermediate School, 260 Schoolhouse Lane
  • September 3
    Future of rural places subject of talk
    5:30 p.m. Brown County Inn, 51 State Road 46 East
  • September 4
    Farmers market in Bean Blossom
    4 to 7 p.m. St. David's Episcopal Church, 11 State Road 45 at 135 North, Bean Blossom
  • September 4
    Bingo
    6 p.m. Fruitdale Fire Station, 5200 State Road 135 North, Bean Blossom
  • September 4
    "Rounding Third" at the Playhouse
    7:30 p.m. BC Playhouse, 70 S. Van Buren St.
  • September 5
    Euchre
    6 p.m. Sycamore Valley Center, 746 Memorial Drive (fairgrounds)
  • September 5
    BCHS class of 2005 reunion slated
    3 to 6 p.m., 8 p.m. Deer Run Park; Salt Creek Golf Retreat, 2359 State Road 46 East
  • September 5
    "Rounding Third" at the Playhouse
    7:30 p.m. BC Playhouse, 70 S. Van Buren St.
  • September 6
    Read to dogs at the library
    2 to 3:30 p.m. Library, 205 N. Locust Lane
  • September 6
    'Ant-Man' at the Playhouse
    4 p.m., 7 p.m. BC Playhouse, 70 S. Van Buren St.
  • September 7
    'Ant-Man' at the Playhouse
    4 p.m. BC Playhouse, 70 S. Van Buren St.
  • September 7
    Government offices CLOSED
  • September 8
    Euchre
    6 p.m. Sycamore Valley Center, 746 Memorial Drive (fairgrounds)
  • September 8
    Open 12-step meeting in New Bellsville area
    8 p.m. Harmony Baptist Church, 3999 Mt. Liberty Road, New Bellesville
  • September 8
    Peaceful Valley Heritage meeting
    6:30 p.m. BCCF, 209 S. Van Buren St.
  • September 8
    CSCD Roads, Security commissions
    6 p.m., 7:30 p.m. CSCD Office, 8377 Cordry Drive, CSLOA Clubhouse, 8751 Nineveh Road
  • September 8
    Retired teachers
    noon Hotel Nashville, 245 N. Jefferson St.
  • September 8
    Nashville Parking & Public Facilities
    6 p.m. Town Hall, 200 Commercial St.
  • September 9
    Nashville Town Council
    6 p.m. Town Hall, 200 Commercial St.
  • September 10
    'Ant-Man' at the Playhouse
    7 p.m. BC Playhouse, 70 S. Van Buren St.
  • September 10
    Nashville Arts & Entertainment Commission
    10 a.m. Town Hall, 200 Commercial St.
  • September 11
    "Rounding Third" at the Playhouse
    7:30 p.m. BC Playhouse, 70 S. Van Buren St.
  • September 12
    Free community breakfast at Sprunica church
    8 to 10 a.m. Sprunica Baptist Church, 3902 Sprunica Road
  • September 12
    Bible camp planned
    8:30 a.m. to 2 p.m. Shepherd of the Hills Lutheran Church, 5802 Old Settlers Road behind Brownie's restaurant
  • September 12
    "Rounding Third" at the Playhouse
    7:30 p.m. BC Playhouse, 70 S. Van Buren St.
  • September 12
    Beer and live music at inn
    12:30 to 4 p.m. Story Inn, 6404 State Road 135 South
  • September 12
    Live birds of prey at fundraiser
    5 to 9 p.m. Brown County State Park, 1450 State Road 46 East (north entrance)
  • September 12
    Concert, dinner for emergency services
    7 p.m., 8 p.m. to midnight Mike's Dance Barn, 2277 State Road 46 West
  • September 13
    'Ant-Man' at the Playhouse
    4 p.m., 7 p.m. BC Playhouse, 70 S. Van Buren St.
  • September 14
    Beeline beekeepers club
    7 p.m. Library, 205 N. Locust Lane
  • September 15
    Open 12-step meeting in New Bellsville area
    8 p.m. Harmony Baptist Church, 3999 Mt. Liberty Road, New Bellesville
  • September 17
    WRAPS
    7 to 9 p.m. Library, 205 N. Locust Lane
  • September 18
    BucCornEar Festival fundraiser returns
    4 to 8 p.m. JTFD, 4831 Helmsburg Road, Helmsburg
  • September 18
    'A Miracle for You' services with evangelist Jerry Holland
    7:30 p.m. The Pentecostals
  • September 19
    BucCornEar Festival fundraiser returns
    8 a.m. to 8 p.m. JTFD, 4831 Helmsburg Road, Helmsburg
  • September 19
    'A Miracle for You' services with evangelist Jerry Holland
    6 p.m. The Pentecostals
  • September 20
    'A Miracle for You' services with evangelist Jerry Holland
    2 p.m. The Pentecostals
  • September 26
    CCC reunion slated at state park
    10:30 a.m. Brown County State Park, 1450 State Road 46 East (north entrance)
  • September 28
    American history DVD to play at library
    1 p.m. Library, 205 N. Locust Lane
  • September 28
    American history DVD to play at library
    1 p.m. Library, 205 N. Locust Lane
  • October 4
    Read to a dog at the library
    2 to 3:30 p.m. Library, 205 N. Locust Lane