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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 »

David O’Neal Williams, 75, Bloomington
  Father of Tony Williams of Nashville

Raymond M. Richardson, 83, Morgantown
  Father of Rob (Jennifer) Richardson of Brown County

Florence L. (Schonfeld) Cave, 76, Peoga
  Mother of Linda (Roger) Smith of Nashville

  • 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