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Second amendment to lease between BC Jail Building Corp. and Brown County

 

  NOTICE OF EXECUTION AND APPROVAL OF

SECOND AMENDMENT TO LEASE

BETWEEN

BROWN COUNTY JAIL BUILDING CORPORATION

AND BROWN COUNTY, INDIANA

The Board of Commissioners of Brown County, Indiana (the "County") has executed a Second Amendment to Lease Agreement (the "Amendment") with the Brown County Jail Building Corporation (the "Building Corporation"), dated as of October 21, 2013, which amends a Lease Agreement, dated August 4, 2003, as previously amended (the "Existing Lease"). The County and the Corporation entered into the Existing Lease in connection with the Building Corporation's issuance of its First Mortgage Bonds, Series 2003 (the "2003 Bonds"), the proceeds of which were used to finance the acquisition of real estate from the County and the construction of the County's jail facility, located at 55 State Road 46 East, Nashville, Indiana (the "Facility"). The County used the proceeds of the sale of such real estate received from the Corporation and other funds of the County to pay a portion of the  costs of the construction of the Facility and to pay the costs related to other subsequent construction, improvement, upgrade, and equipping projects at the Facility (collectively, the "County Improvements").  The Existing Lease leases the Facility for a term ending January 15, 2030, unless terminated earlier.

The Amendment amends the Existing Lease to provide lease rentals based on the principal of and interest on first mortgage multipurpose bonds (the "2013 Bonds") proposed to be issued by the Corporation to pay all or any portion of the costs of: (i) reimbursing the County for all or any portion of the costs of the County Improvements, with the understanding that such reimbursement proceeds will be used by the County to pay (or reimburse the prior payment of) the costs of the acquisition, construction, equipping, and installation of locks at the Facility, a new boiler at the Facility, and HVAC improvements at the Facility; (ii) refinancing all of the 2003 Bonds which are currently outstanding to effect  a savings to the Corporation; and (iii) paying the costs of issuance of the 2013 Bonds.  The lease rentals payable by the County under the Amendment will not exceed the lease rentals payable by the County under the Existing Lease.

Dated this 30th day of October, 2013.

BOARD OF COMMISSIONERS OF BROWN COUNTY, INDIANA

13-304 31677156 10/30/2013 hspaxlp

Obituaries
See Full List »

Dorothy B. Hash, 97, Columbus
  Mother of Richard Collins and John Collins, both of Brown County

Stephen Wesley Spicer, 69, Nashville
  Husband of Mary Jane Spicer (Eilar)

Judith Ann 'Judy' (Branam) Byrum, 77, Brown County
  Mother of Donna (Mark) Partridge of Brown County

  • March 27
    Bingo
    6 p.m. Fruitdale Fire Station, 5200 State Road 135 North, Bean Blossom
  • March 28
    Euchre
    6 p.m. Sycamore Valley Center, 746 Memorial Drive (fairgrounds)
  • March 28
    Dave Miller at Abe Martin Lodge
    5:30 to 7:30 p.m. Abe Martin Lodge, Brown County State Park
  • March 28
    Annual cemetery meeting slated
    1 p.m. Harmony Baptist Church, 3999 Mt. Liberty Road, New Bellesville
  • March 28
    Live music at sports bar
    8 p.m. Salt Creek Golf Retreat, 2359 State Road 46 East
  • March 29
    Mountain bike benefit to aid cheer fund
    noon to 2:30 p.m. Explore Brown County, 2620 Valley Branch Road
  • March 30
    Registration deadline for gardening soils workshop
    Extension Office, 802 Memorial Drive at the fairgrounds
  • March 31
    Euchre
    6 p.m. Sycamore Valley Center, 746 Memorial Drive (fairgrounds)
  • March 31
    Nashville Development Review Commission
    6 p.m. Town Hall, 200 Commercial St.
  • March 31
    Representative's staff to conduct local office hours
    10 a.m. to noon County Office Building, 201 N. Locust Lane
  • March 31
    Open 12-step meeting in New Bellsville area
    8 p.m. Harmony Baptist Church, 3999 Mt. Liberty Road, New Bellesville
  • April 1
    Brown County Schools Board of Trustees retreat
    10:30 a.m. to 4 p.m. Parkview Church of the Nazarene, 1750 State Road 46 East
  • April 1
    BC Emergency Management Advisory Council
    8 a.m. Ambulance Base, 53 State Road 46 East
  • April 1
    Brown County SWCD
    6:30 p.m. SWCD Office, 802 Memorial Drive at the fairgrounds
  • April 1
    BC Commissioners
    6 p.m. County Office Building, 201 N. Locust Lane
  • April 2
    Rotary Club
    7:15 a.m. Artist Colony Inn, 105 S. Van Buren St.
  • April 2
    WRAPS
    7 to 9 p.m. Library, 205 N. Locust Lane
  • April 3
    Bingo
    5 p.m. Fruitdale Fire Station, 5200 State Road 135 North, Bean Blossom
  • April 4
    Dave Miller at Abe Martin Lodge
    7:30 p.m. Brown County State Park, State Road 46 East
  • April 4
    Carnival and egg hunt at Hamblen Township Fire Department
    9:30 to 11:30 a.m. Hamblen Township Volunteer Fire Department, 5612 Gatesville Road
  • April 4
    Egg hunt at grocery store
    11 a.m. Brown County IGA, 30 Hawthorne Dr.
  • April 4
    Egg hunt at Deer Run Park
    1 p.m. Deer Run Park
  • April 4
    Egg hunt at assisted living facility
    2 p.m. BC Health & Living Community, 55 E. Willow St.
  • April 5
    Church events slated for Easter Sunday
    .m. Brown County Community Church, 2370 Main St., Helmsburg
  • April 9
    Local Coordinating Council
    10 a.m. Comm. Corrections Office, Suite B, lower level of Veterans Hall, 902 Deer Run Lane,
  • April 9
    BC photography club
    7 to 9 p.m. Library, 205 N. Locust Lane
  • April 9
    BC Convention & Visitors Commission
    8:30 a.m. County Office Building, 201 N. Locust Lane
  • April 10
    Bingo
    5 p.m. Fruitdale Fire Station, 5200 State Road 135 North.
  • April 10
    BC photography club
    7 to 9 p.m. Library, 205 N. Locust Lane
  • April 11
    Free community breakfast at Sprunica church
    8 to 10 a.m. Sprunica Baptist Church, 3902 Sprunica Road
  • April 11
    Dave Miller at Abe Martin Lodge
    7:30 p.m. Brown County State Park, State Road 46 East
  • April 12
    Mother’s Cupboard Soup Bowl benefit planned
    5 to 7 p.m. The Seasons Lodge, 560 State Road 46 East
  • April 16
    Local history and heritage presented at the library
    6:30 p.m. Library, 205 N. Locust Lane
  • April 18
    Rock & mineral club
    6 p.m. Extension Office, 802 Memorial Drive at the fairgrounds
  • April 24
    Wildflower foray slated at historic site
    TC Steele State Historic Site, 4220 T.C. Steele Road, Belmont
  • April 25
    Wildflower foray slated at historic site
    TC Steele State Historic Site, 4220 T.C. Steele Road, Belmont
  • April 26
    County history center dedication slated
    2 p.m. Brown County History Center, 90 E. Gould
  • April 26
    Wildflower foray slated at historic site
    TC Steele State Historic Site, 4220 T.C. Steele Road, Belmont