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Board of Commissioners' lease determination Re: Courthouse

NOTICE OF PRELIMINARY DETERMINATION

OF THE BOARD OF COMMISSIONERS OF BROWN COUNTY, INDIANA

TO ENTER INTO A LEASE WITH A BUILDING CORPORATION

Owners of real property in the Brown County, Indiana (the "County") hereby are given notice that the Board of Commissioners of the County (the "Board") preliminarily has determined, at its meeting held April 3, 2013, that a need exists for the construction, installation and equipping of an expansion and renovation of the Brown County Courthouse, located at 20 East Main Street, Nashville, Indiana the "Project"). The Board further preliminarily determined at such meeting, to the extent permitted by law, to take all of the necessary steps to finance all or any portion of the costs of the Project by entering into a lease between a building corporation, as lessor (the "Building Corporation"), and the County, as lessee, relating to the Project. The Building Corporation will finance the costs of the Project, together with the financing costs associated therewith, through the issuance of bonds by Building Corporation, secured by and payable from the lease payments under the proposed lease (the "Bonds").

The County's lease payments under the proposed lease will be payable from ad valorem property taxes on all taxable property within the geographical boundaries of the County. The proposed lease with respect to the Project will have a term no longer than fifteen (IS) years, commencing on the date of issuance of the Bonds. The estimated interest rates that will be paid in connection with the Bonds are between 1% and 5% per annum, and the total estimated interest cost associated therewith is $ 1,992,263. The maximum annual lease rental to be paid by the County under the proposed lease is $780,000, and the maximum lease rental over the term of the lease is $8,250,000. The County's current debt service levy is $592,000, and its current debt service rate is $.0455 per $100 of assessed valuation. Over the term of the proposed lease, the estimated increase to the debt service fund tax levy for the County is estimated to be $780,000 (occurring in 2018 pay 2019), and the estimated increase to the debt service fund tax rate for the County after the issuance of the Bonds will be $.06 per $100 of assessed value (occurring in 2018 pay 2019).

Any owners of real property within the County or registered voters residing within the County who want to initiate a petition and remonstrance process against the proposed lease rental payments must file a petition requesting the application of a petition and remonstrance process with the Brown County Board of Elections, in the Office of the Brown County Circuit Court Clerk, Brown County Courthouse, 1st Floor, 20 East Main Street, Nashville, Indiana, not later than thirty days after the date of the publication of this notice in the manner provided by Indiana Code §6-1.1-20-3.1.

Dated this 10th day of April, 2013.

BOARD OF COMMISSIONERS OF BROWN COUNTY, INDIANA

13-98 31631600  4/10/2013

Obituaries
See Full List »

Eddie E. “Hoss” Wilkerson II, 42, Pendleton
  Native of Brown County, 1991 graduate of BCHS

James E. (Jim) Robinson, 76, Bedford
  Former chief deputy of police for the town of Nashville

Josephine Lee Cueto, 62, Morgantown
  Daughter of Priscilla Burgmeier of Nashville

  • November 27
    Thanksgiving dinner
    11 a.m. to 3 p.m. BCHS, 235 School House Lane
  • November 27
    Government Offices CLOSED
  • November 28
    Bingo
    6 p.m. Fruitdale Fire Station, 5200 State Road 135 North, Bean Blossom
  • November 28
    Government Offices CLOSED
  • November 28
    'St. Vincent' at the Playhouse
    1 p.m. BC Playhouse, 70 S. Van Buren St.
  • November 28
    'A Tuna Christmas' dinner theater at the Playhouse
    7:30 p.m. BC Playhouse, 70 S. Van Buren St.
  • November 29
    Euchre
    6 p.m. Sycamore Valley Center, 746 Memorial Drive (fairgrounds)
  • November 29
    Dave Miller at Abe Martin Lodge
    5:30 to 7:30 p.m. Abe Martin Lodge, Brown County State Park
  • November 29
    'St. Vincent' at the Playhouse
    1 p.m. BC Playhouse, 70 S. Van Buren St.
  • November 29
    'A Tuna Christmas' at the Playhouse
    7:30 p.m. BC Playhouse, 70 S. Van Buren St.
  • November 30
    'St. Vincent' at the Playhouse
    7 p.m. BC Playhouse, 70 S. Van Buren St.
  • November 30
    'A Tuna Christmas' at the Playhouse
    2 p.m. BC Playhouse, 70 S. Van Buren St.
  • December 1
    BC Commissioners
    6 p.m. County Office Building, 201 N. Locust Lane
  • December 1
    Gnaw Bone Sewage District
    5:30 p.m. Library, 205 N. Locust Lane
  • December 1
    BC 4-H Council
    7 p.m. 802 Memorial Drive at the fairgrounds
  • December 2
    Euchre
    6 p.m. Sycamore Valley Center, 746 Memorial Drive (fairgrounds)
  • December 2
    Open 12-step meetings in New Bellsville area
    6 to 7 p.m. Harmony Baptist Church, 3999 Mt. Liberty Road, New Bellesville
  • December 2
    Nashville Redevelopment Commission CANCELED
  • December 2
    CSCD Building Commission
    7 p.m. CSLOA Clubhouse, 8751 Nineveh Road
  • December 2
    BC Chamber of Commerce
    8 a.m. Willow Manor, 72 Willow St.
  • December 2
    Boys Varsity Wrestling
    7 p.m. BCHS, 235 School House Lane
  • December 3
    Woodworkers Club
    7 p.m. Library, 205 N. Locust Lane
  • December 3
    Jeff Foster at Hobnob restaurant
    6 to 8 p.m. Hobnob, 17 W. Main St.
  • December 3
    BC Local Emergency Planning Committee
    9 a.m. Ambulance Base, 53 State Road 46 East
  • December 3
    BC Soil & Water District
    5 p.m. SWCD Office, 802 Memorial Drive at the fairgrounds
  • December 4
    Go Club at the library Thursdays
    3:30 to 5 p.m. Brown County Public Library, 205 N. Locust Lane
  • December 4
    WRAPS meetings
    7 to 9 p.m. Brown County Public Library, 205 N. Locust Lane
  • December 4
    CSCD Ecology Commission
    7 p.m. CSLOA Clubhouse, 8751 Nineveh Road
  • December 4
    Boys Freshman Basketball
    6 p.m. BCHS, 235 School House Lane
  • December 4
    'A Tuna Christmas' at the Playhouse
    7:30 p.m. BC Playhouse, 70 S. Van Buren St.
  • December 5
    Bingo
    6 p.m. Fruitdale Fire Station, 5200 State Road 135 North, Bean Blossom
  • December 5
    Children's fund annual auction
    6 p.m. Out of the Ordinary, 61 S. Van Buren St.
  • December 5
    Boys JV, Varsity Basketball
    6 p.m., 7:30 p.m. BCHS, 235 School House Lane
  • December 5
    'A Tuna Christmas' dinner theater at the Playhouse
    7:30 p.m. BC Playhouse, 70 S. Van Buren St.
  • December 6
    Church schedules drive-thru Nativity
    6 to 8 p.m. New Life Comm. Church, 1450 State Road 135 North
  • December 6
    Euchre
    6 p.m. Sycamore Valley Center, 746 Memorial Drive (fairgrounds)
  • December 6
    Dave Miller at Abe Martin Lodge
    5:30 to 7:30 p.m. Abe Martin Lodge, Brown County State Park
  • December 6
    Girls JV, Varsity Basketball
    1 p.m., 2:30 p.m. BCHS, 235 School House Lane
  • December 6
    Boys JV, Varsity Basketball
    4:30 p.m., 6:30 p.m. BCHS, 235 School House Lane
  • December 6
    'The Polar Express' at the Playhouse
    1 p.m. BC Playhouse, 70 S. Van Buren St.
  • December 6
    'A Tuna Christmas' at the Playhouse
    7:30 p.m. BC Playhouse, 70 S. Van Buren St.
  • December 7
    'A Tuna Christmas' at the Playhouse
    2 p.m. BC Playhouse, 70 S. Van Buren St.
  • December 8
    BC Animal Control Board
    7 p.m. Library, 205 N. Locust Lane
  • December 8
    Boys Freshman Basketball
    6 p.m. BCHS, 235 School House Lane
  • December 9
    Euchre
    6 p.m. Sycamore Valley Center, 746 Memorial Drive (fairgrounds)
  • December 9
    Nashville Parking & Public Facilities
    6 p.m. Town Hall, 200 Commercial St.
  • December 9
    CSCD Roads, Security commissions
    6 p.m., 7:30 p.m. CSCD Office, 8377 Cordry Drive; CSLOA Clubhouse, 8751 Nineveh Road
  • December 9
    BC 4-H Fair Board
    7 p.m. 802 Memorial Drive at the fairgrounds
  • December 9
    Girls JV, Varsity Basketball
    6 p.m., 7:30 p.m. BCHS, 235 School House Lane
  • December 10
    Hamblen Fire District
    7 p.m. Hamblen Fire Station, 4650 Sweetwater Trail, Nineveh
  • December 10
    Local Coordinating Council
    8 a.m. Comm. Corrections Office, Suite B, lower level of Veterans Building, 902 Deer Run Lane,
  • December 10
    Jeff Foster at Hobnob restaurant
    6 to 8 p.m. Hobnob, 17 W. Main St.
  • December 10
    Boys Freshman Basketball
    6 p.m. BCHS, 235 School House Lane
  • December 11
    'A Tuna Christmas' at the Playhouse
    7:30 p.m. BC Playhouse, 70 S. Van Buren St.
  • December 12
    Widowed group plans Christmas party
    noon Salt Creek Golf Retreat, 2359 State Road 46 East
  • December 12
    BCSP Christmas bird count slated
    8 a.m. BCSP Nature Center, 1810 State Road 46 East
  • December 12
    'A Tuna Christmas' dinner theater at the Playhouse
    7:30 p.m. BC Playhouse, 70 S. Van Buren St.
  • December 13
    Free community breakfast at Sprunica church
    8 to 10 a.m. Sprunica Baptist Church, 3902 Sprunica Road
  • December 13
    'A Tuna Christmas' at the Playhouse
    7:30 p.m. BC Playhouse, 70 S. Van Buren St.
  • December 14
    'A Tuna Christmas' at the Playhouse
    2 p.m. BC Playhouse, 70 S. Van Buren St.
  • December 16
    Brown County Schools Board of Trustees
    6:30 p.m. BC Intermediate School, 260 School House Lane