NOTICE OF RECEIVING BIDS FOR LOAN

  Notice is hereby given that the Town Council of the Town of Nashville, in Brown County, Indiana, will receive sealed bids up to the hour of 6:30 pm, on the 26th day of July, 2012, at the Town Hall located at 200 Commercial Drive, Nashville, Indiana, for the following:

BUILDING PURCHASE:

Commercial property located at 200 Hawthorne Drive, Nashville, Indiana 47448 to be used as a municipal building.

The proposal to loan the said Town of Nashville, Indiana, $275,000 Dollars for the EDIT Fund in anticipation of the revenues of the Town of Nashville.  The Town of Nashville shall be considering 15, 20 and 30 year terms. Fixed interest rates are preferred. If a fixed interest rate is not possible, please provide an interest rate cap. Each bid shall stipulate the rate of interest to be charged.  Each bid shall be accompanied by an affidavit that no collusion exists between the bidder and any other person relative to such bid.  Prior to maturity all or any amount of the principal may be prepaid with accrued interest to the date of prepayment. All bids must be made in full compliance with the law governing such matters; and, the Town Council reserves the right to reject any or all bids.

ATTEST:

Brenda K. Young,

Clerk-Treasurer for the Town of Nashville

12-192   7/11 & 7/18/2012  31571389