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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 »

Anne Marie “Annie” (Beeson) Endris, 43, Nashville
  

Brian L. Lawalin, 56, Indianapolis
  Son of Rosie Lawalin of Brown County; father of Daven Lawalin and Jamie Rainwater, both of Trafalgar

Pamela Jo (Brown) Black, 58, Franklin
  Mother of Bryan Black (Tara Hammons) of Brown County

  • May 24
    Dave Miller at Abe Martin Lodge
    10 a.m. to noon Brown County State Park, State Road 46 East
  • May 24
    Dave Miller at Abe Martin Lodge
    Noon to 2 p.m. Brown County State Park, State Road 46 East
  • May 25
    Government Offices CLOSED
  • May 26
    Euchre
    6 p.m. Sycamore Valley Center, 746 Memorial Drive (fairgrounds)
  • May 26
    BC Area Plan Commission CANCELED
    County Office Building, 201 N. Locust Lane
  • May 26
    Open 12-step meeting in New Bellsville area
    8 p.m. Harmony Baptist Church, 3999 Mt. Liberty Road, New Bellesville
  • May 27
    Jeff Foster at Hobnob restaurant
    6 to 8 p.m. Hobnob, 17 W. Main St.
  • May 27
    BC Sheriff's Merit Board
    4 p.m. Sheriff's Office, Law Enforcement Center, 55 State Road 46 East
  • May 27
    BC Board of Zoning Appeals
    6 p.m. County Office Building, 201 N. Locust Lane
  • May 28
    Go Club at the library
    3:30 to 5 p.m. Brown County Public Library, 205 N. Locust Lane
  • May 29
    Farmers market reopens in Bean Bean Blossom
    4 p.m. St. David's Episcopal Church, 11 State Road 45 at 135 North, Bean Blossom
  • May 29
    Bingo
    6 p.m. Fruitdale Fire Station, 5200 State Road 135 North, Bean Blossom
  • May 29
    Gospel jubilee at Redbarn
    8 p.m. RedBarn Jamboree, 71 Parkview Road off 46 East
  • May 30
    Euchre
    6 p.m. Sycamore Valley Center, 746 Memorial Drive (fairgrounds)
  • May 30
    Dave Miller at Abe Martin Lodge
    5:30 to 7:30 p.m. Brown County State Park, State Road 46 East
  • May 30
    Comedy tour at the Playhouse
    7:30 p.m. BC Playhouse, 70 S. Van Buren St.
  • May 31
    Dave Miller at Abe Martin Lodge
    10 a.m. to noon Abe Martin Lodge, Brown County State Park
  • June 2
    Euchre
    6 p.m. Sycamore Valley Center, 746 Memorial Drive (fairgrounds)
  • June 2
    Open 12-step meeting in New Bellsville area
    8 p.m. Harmony Baptist Church, 3999 Mt. Liberty Road, New Bellesville
  • June 2
    Bean Blossom Sewer Board
    6:30 p.m. County Office Building, 201 N. Locust Lane
  • June 3
    Jeff Foster at Hobnob restaurant
    6 to 8 p.m. Hobnob, 17 W. Main St.
  • June 4
    Go Club at the library
    3:30 to 5 p.m. Brown County Public Library, 205 N. Locust Lane
  • June 4
    WRAPS
    7 to 9 p.m. Library, 205 N. Locust Lane
  • June 4
    Gospel jam & sing first Thursday in Gnaw Bone
    6:30 p.m. Country Gospel Church, 5181 State Road 46 East
  • June 5
    Strawberry fest during farmers market
    4 p.m. St. David's Episcopal Church, 11 State Road 45 at 135 North, Bean Blossom
  • June 5
    Bingo
    5 p.m. Fruitdale Fire Station, 5200 State Road 135 North, Bean Blossom
  • June 5
    Gospel jubilee at Redbarn
    8 p.m. RedBarn Jamboree, 71 Parkview Road, off 46 East
  • June 6
    Shrine parade celebrates summer
    11 a.m. downtown Nashville
  • June 7
    Read to dogs at the library
    2 to 3:30 p.m. Library, 205 N. Locust Lane
  • June 11
    Gospel jam & sing at Gnaw Bone church
    6:30 p.m. Country Gospel Church, 5181 State Road 46 East
  • June 12
    BC photography club
    7 to 9 p.m. Library, 205 N. Locust Lane
  • June 13
    Free community breakfast at Sprunica church
    8 to 10 a.m. Sprunica Baptist Church, 3902 Sprunica Road
  • June 13
    Open house conducted at New Song
    9 to 11 a.m. New Song Mission, 7202 Keith Donaldson Road, Freetown
  • June 15
    Essential oil class at tea shop
    6 p.m. Sweetea's Tea Shop, 225 S. Van Buren St., Suite C, Coachlight Square
  • June 17
    Hamblen Fire District
    7 p.m. Hamblen Fire Station, 4650 Sweetwater Trail, Gatesville
  • June 20
    Rock & mineral club
    6 p.m. Extension Office, 802 Memorial Drive at the fairgrounds
  • June 20
    Pollinator Awareness Day at state park Nature Center
    9 a.m. to 4 p.m. Brown County State Park, 1450 State Road 46 East (north entrance)
  • July 11
    Health fair at the YMCA
    8 a.m. to noon YMCA, 105 Willow St.