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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 »

Hazel J. Bailey, 93, Morgantown
  

Marjorie Mae Wilder, 92, Johnson County
  Mother of Joyce Tow (Jeff) of Nineveh

Timothy L. Ware, 63, of Nashville
  Husband of Eleanor "Ellen" Ware

  • July 4
    Euchre
    6 p.m. Sycamore Valley Center, 746 Memorial Drive (fairgrounds)
  • July 4
    Hog roast before the fireworks
    6 to 9 p.m. BC (Nashville) Fire, 231 E. Main St.
  • July 4
    Live raptors at Abe Martin Lodge
    7:30 p.m. Brown County State Park, 1450 State Road 46 East (north entrance)
  • July 4
    Dave Miller at Abe Martin Lodge
    5:30 to 7:30 p.m. Brown County State Park, State Road 46 East
  • July 4
    Live band at dance barn
    8 to 10:30 p.m. Mike's Dance Barn, 2277 State Road 46 West
  • July 4
    The Mizfits band at general store/bakery
    7 to 9 p.m. Big Woods Brewery, 60 Molly's Lane
  • July 5
    Read to dogs at the library
    2 to 3:30 p.m. Library, 205 N. Locust Lane
  • July 5
    Brown County Radio Hour to air Episode 40
    9 a.m. WFHB FM 91.3 and 100.7
  • July 7
    Euchre
    6 p.m. Sycamore Valley Center, 746 Memorial Drive (fairgrounds)
  • July 7
    Open 12-step meeting in New Bellsville area
    8 p.m. Harmony Baptist Church, 3999 Mt. Liberty Road, New Bellesville
  • July 7
    Nashville Redevelopment Commission
    4:30 p.m. Town Hall, 200 Commercial St.
  • July 8
    Brown County Radio Hour to air Episode 40
    6 p.m. WFHB FM 91.3 and 100.7
  • July 8
    Jeff Foster at Hobnob restaurant
    6 to 8 p.m. Hobnob, 17 W. Main St.
  • July 8
    Washington Township Advisory Board
    7:15 p.m. BC (Nashville) Fire, 231 E. Main St.
  • July 9
    Go Club at the library
    3:30 to 5 p.m. Brown County Public Library, 205 N. Locust Lane
  • July 9
    Gospel jam & sing in Gnaw Bone
    6:30 p.m. Country Gospel Church, 5181 State Road 46 East
  • July 9
    Nashville Town Council
    6 p.m. Town Hall, 200 Commercial St.
  • July 9
    Nashville Arts & Entertainment Commission
    10 a.m. Town Hall, 200 Commercial St.
  • July 9
    Gospel hymn sing
    6:30 p.m. Green Vly Apostolic Church, 5124 State Road 46 West
  • July 9
    Rotary Club
    7:15 a.m. Artist Colony Inn, 105 S. Van Buren St.
  • July 9
    BC photography club
    7 to 9 p.m. Library, 205 N. Locust Lane
  • July 9
    Volunteer Fair at The Seasons
    4:30 to 6 p.m., 6 p.m. The Seasons Lodge Conference Center, 560 State Road 46 East
  • July 10
    Farmers market in Bean Blossom July 10
    4 to 7 p.m. St. David's Episcopal Church, 11 State Road 45 at 135 North, Bean Blossom
  • July 10
    Bingo
    5 p.m. Fruitdale Fire Station, 5200 State Road 135 North, Bean Blossom
  • July 11
    Euchre
    6 p.m. Sycamore Valley Center, 746 Memorial Drive (fairgrounds)
  • July 11
    Free community breakfast at Sprunica church
    8 to 10 a.m. Sprunica Baptist Church, 3902 Sprunica Road
  • July 11
    Health fair at the YMCA
    8 a.m. to noon YMCA, 105 Willow St.
  • July 11
    Widowed group
    2:30 p.m. Sycamore Valley Community Center, 746 Memorial Drive at the fairgrounds
  • July 12
    Woods reunion slated
    12:30 p.m. Yellowwood Forest
  • July 13
    Backpack Program meeting slated
    7 p.m. Library, 205 N. Locust Lane
  • July 13
    Beeline beekeepers club
    7 p.m. Library, 205 N. Locust Lane
  • July 14
    Open 12-step meeting in New Bellsville area
    8 p.m. Harmony Baptist Church, 3999 Mt. Liberty Road, New Bellesville
  • July 14
    Peaceful Valley Heritage meeting
    6:30 p.m. Library, 205 N. Locust Lane
  • July 14
    Brown County Council
    6 p.m. County Office Building, 201 N. Locust Lane
  • July 16
    WRAPS 20th anniversary open house
    6 to 8 p.m. Library, 205 N. Locust Lane
  • July 17
    Groundbreaking slated for new senior apartments
    2 p.m. Hawthorn Hills, se corner of Hawthorne Drive & Chestnut Street
  • July 18
    Rock & mineral club
    6 p.m. Extension Office, 802 Memorial Drive at the fairgrounds
  • July 20
    Health department offers ServSafe class
    8:30 a.m. to 12:30 p.m. County Office Building, 201 N. Locust Lane
  • July 30
    WRAPS
    7 to 9 p.m. Library, 205 N. Locust Lane