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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 »

Elmer Cole Wilborn, 82, Brown County
  Husband of Martha Ann (Windle) Wilborn of Brown County

Harold Edwin 'Hal' Taylor, 96, Bloomington
  Former rector at St. David's Episcopal Church in Bean Blossom

Sharon K. Fox, 60, of Worthington
  

  • March 2
    Gnaw Bone Sewage District
    5:30 p.m. Library, 205 N. Locust Lane
  • March 2
    High school to show film on current political issues in education
    6:30 p.m. BCHS, 235 School House Lane
  • March 2
    Deadline for free trauma care workshop
  • March 3
    Euchre
    6 p.m. Sycamore Valley Center, 746 Memorial Drive (fairgrounds)
  • March 3
    CSCD Building Commission
    7 p.m. CSLOA Clubhouse, 8751 Nineveh Road
  • March 3
    Nashville Redevelopment Commission
    4:30 p.m. Town Hall, 200 Commercial St.
  • March 3
    Bean Blossom Sewer Board
    7:30 p.m. County Office Building, 201 N. Locust Lane
  • March 4
    Jeff Foster at Hobnob restaurant
    6 to 8 p.m. Hobnob, 17 W. Main St.
  • March 4
    Nashville Main Street Committee
    9:30 a.m. Town Hall, 200 Commercial St.
  • March 4
    Brown County SWCD
    5 p.m. SWCD Office, 802 Memorial Drive at the fairgrounds
  • March 4
    Nashville Development Review Commission
    5 p.m. Town Hall, 200 Commercial St.
  • March 4
    Woodworkers Club
    7 p.m. Library, 205 N. Locust Lane
  • March 5
    Go Club meeting Thursday
    3:30 to 5 p.m. Brown County Public Library, 205 N. Locust Lane
  • March 5
    Open 12-step meeting in New Bellsville area
    8 p.m. Harmony Baptist Church, 3999 Mt. Liberty Road, New Bellesville
  • March 5
    Gospel jam & sing at Gnaw Bone church
    6:30 p.m. Country Gospel Music Church, 5181 State Road 46 East
  • March 5
    Nashville Town Council
    6:30 p.m. Town Hall, 200 Commercial St.
  • March 5
    WRAPS
    7 to 9 p.m. Library, 205 N. Locust Lane
  • March 6
    Bingo
    5 p.m. Fruitdale Fire Station, 5200 State Road 135 North, Bean Blossom
  • March 6
    'SpongeBob Movie' at the Playhouse
    4 p.m., 7 p.m. BC Playhouse, 70 S. Van Buren St.
  • March 7
    Euchre
    6 p.m. Sycamore Valley Center, 746 Memorial Drive (fairgrounds)
  • March 7
    Meet your legislators at County Office Building
    10 a.m. County Office Building, 201 N. Locust Lane
  • March 7
    Meet 'Wilderness Plots' author at the library
    7 p.m. Library, 205 N. Locust Lane
  • March 7
    Music celebration at the Playhouse
    7:30 p.m. BC Playhouse, 70 S. Van Buren St.
  • March 7
    Dave Miller at Abe Martin Lodge
    7:30 p.m. Brown County State Park, State Road 46 East
  • March 8
    'Wilderness Plots'-themed concert planned
    4 p.m. BCHS, 235 School House Lane
  • March 8
    Brown County bridal tour slated
    10 a.m. to 6 p.m. various locations
  • March 8
    'SpongeBob Movie' at the Playhouse
    4 p.m., 7 p.m. BC Playhouse, 70 S. Van Buren St.
  • March 9
    Beeline beekeepers club
    7 p.m. Library, 205 N. Locust Lane
  • March 10
    Euchre
    6 p.m. Sycamore Valley Center, 746 Memorial Drive (fairgrounds)
  • March 10
    Soil & water conservation district to celebrate 62 years
    6 p.m. Brown County History Center, 90 E. Gould
  • March 10
    Peaceful Valley Heritage meeting
    6:30 p.m. Brown County Presbyterian Fellowship, 602 State Road 135 North
  • March 10
    CSCD Roads, Security commissions
    6 p.m., 7:30 p.m. CSCD Office, 8377 Cordry Drive; CSLOA Clubhouse, 8751 Nineveh Road
  • March 11
    Jeff Foster at Hobnob restaurant
    6 to 8 p.m. Hobnob, 17 W. Main St.
  • March 12
    Go Club at the library Thursdays
    3:30 to 5 p.m. Brown County Public Library, 205 N. Locust Lane
  • March 12
    BC photography club
    7 to 9 p.m. Library, 205 N. Locust Lane
  • March 13
    Bingo
    5 p.m. Fruitdale Fire Station, 5200 State Road 135 North.
  • March 14
    Free community breakfast at Sprunica church
    8 to 10 a.m. Sprunica Baptist Church, 3902 Sprunica Road
  • March 14
    Dave Miller at Abe Martin Lodge
    7:30 p.m. Brown County State Park, State Road 46 East
  • March 19
    WRAPS
    7 to 9 p.m. Library, 205 N. Locust Lane
  • March 20
    Bingo
    6 p.m. Fruitdale Fire Station, 5200 State Road 135 North, Bean Blossom
  • March 21
    Dave Miller at Abe Martin Lodge
    5:30 to 7:30 p.m. Abe Martin Lodge, Brown County State Park
  • March 21
    Jackson Township VFD yard sale
    8 a.m. to 5 p.m. Jackson Township Fire Department, 4831 Helmsburg Road
  • 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