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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 »

Barbara Ann Frank Sheehan, 71, New Smyrna Beach, Florida
  Former resident of Brown County

Phillip Michael 'Mike' Mathis, 63, Nashville
  Brother of Cathy (Steve) Junken and Melanie (Darian) McBride, both of Nashville

Dorothy Louise (Tripp) Zimmerman, 84, Linton
  Former resident of Brown County

  • August 1
    Euchre
    6 p.m. Sycamore Valley Center, 746 Memorial Drive (fairgrounds)
  • August 1
    Free clothes, supplies for students Aug. 1 at intermediate school
    9 a.m to 1 p.m. BC Intermediate School, 260 School House Lane
  • August 1
    Rotary Club food booth at county fair
    4 to 10 p.m. Brown County 4-H fairgrounds
  • August 1
    Acoustic guitar festival hosted at Playhouse
    11 to 4 p.m., 7:30 to 10 p.m. BC Playhouse, 70 S. Van Buren St.
  • August 1
    Live music at The Season's poolside
    6 to 9 p.m. The Seasons Lodge, 560 State Road 46 East
  • August 1
    Dave Miller at Abe Martin Lodge
    5:30 to 7:30 p.m. Brown County State Park, 1450 State Road 46 East (north entrance)
  • August 1
    Live music at winery
    7 to 10 p.m. Chateau Thomas Winery, Coachlight Square, 225 S. Van Buren St.
  • August 2
    CSVFD serves pancake breakfast
    7:30 to 11:30 a.m. CSLOA Clubhouse, 8751 Nineveh Road
  • August 2
    Guitar and performance workshops planned
    10 a.m. to 2 p.m. Brown County Inn, 51 State Road 46 East
  • August 2
    Read to a dog at the library
    2 to 3:30 p.m. Library, 205 N. Locust Lane
  • August 2
    'Me and Earl and the Dying Girl' at the Playhouse
    4 p.m., 7 p.m. BC Playhouse, 70 S. Van Buren St.
  • August 2
    Dave Miller at Abe Martin Lodge
    9:30 to 11:30 a.m. Brown County State Park, 1450 State Road 46 East (north entrance)
  • August 4
    Euchre
    6 p.m. Sycamore Valley Center, 746 Memorial Drive (fairgrounds)
  • August 4
    Brown County Council
    2 p.m. County Office Building, 201 N. Locust Lane
  • August 4
    Open 12-step meeting in New Bellsville area
    8 p.m. Harmony Baptist Church, 3999 Mt. Liberty Road, New Bellesville
  • August 4
    Time for inner peace set at local church
    5:30 to 7 p.m. Parkview Church of the Nazarene, 1750 State Road 46 East
  • August 6
    Nashville Town Council
    6 p.m. Town Hall, 200 Commercial St.
  • August 6
    WRAPS
    7 to 9 p.m. Library, 205 N. Locust Lane
  • August 6
    'Jurassic World' at the Playhouse
    4 p.m., 7 p.m. BC Playhouse, 70 S. Van Buren St.
  • August 7
    Bingo
    6 p.m. Fruitdale Fire Station, 5200 State Road 135 North, Bean Blossom
  • August 7
    'Ghostbusters' at the Playhouse
    7 p.m. BC Playhouse, 70 S. Van Buren St.
  • August 7
    'Jurassic World' at the Playhouse
    4 p.m. BC Playhouse, 70 S. Van Buren St.
  • August 7
    Live music at winery
    7 to 10 p.m. Chateau Thomas Winery, Coachlight Square, 225 S. Van Buren St.
  • August 8
    Euchre
    6 p.m. Sycamore Valley Center, 746 Memorial Drive (fairgrounds)
  • August 8
    Free community breakfast at Sprunica church
    8 to 10 a.m. Sprunica Baptist Church, 3902 Sprunica Road
  • August 8
    Tribute to John Denver at the Playhouse
    7:30 p.m. BC Playhouse, 70 S. Van Buren St.
  • August 8
    Live music at winery
    7 to 10 p.m. Chateau Thomas Winery, Coachlight Square, 225 S. Van Buren St.
  • August 8
    Donations accepted for Habitat garage sale
    9 a.m. to 5 p.m. Brown County 4-H fairgrounds
  • August 9
    'Jurassic World' at the Playhouse
    4 p.m., 7 p.m. BC Playhouse, 70 S. Van Buren St.
  • August 10
    Beeline beekeepers club
    7 p.m. Library, 205 N. Locust Lane
  • August 11
    Open 12-step meeting in New Bellsville area
    8 p.m. Harmony Baptist Church, 3999 Mt. Liberty Road, New Bellesville
  • August 11
    Time for inner peace set at local church
    5:30 to 7 p.m. Parkview Church of the Nazarene, 1750 State Road 46 East
  • August 12
    BC Local Emergency Planning Committee
    9 a.m. EMS Building, 53 State Road 46 East
  • August 12
    Blood drive scheduled at Parkview church
    2 to 7 p.m. Parkview Church of the Nazarene, 1750 State Road 46 East
  • August 12
    BC Emergency Management Advisory Council
    8 a.m. EMS Building, 53 State Road 46 East
  • August 13
    BC photography club
    7 to 9 p.m. Library, 205 N. Locust Lane
  • August 15
    Rock & mineral club
    6 p.m. Extension Office, 802 Memorial Drive at the fairgrounds
  • August 15
    TRIAD annual picnic at Parkview church
    11 a.m. to 2 p.m. Parkview Church of the Nazarene, 1750 State Road 46 East
  • August 15
    Kingdom fest at Nashville church
    1 to 4 p.m. Nashville United Methodist Church, 36 S. Jefferson St.
  • August 18
    Time for inner peace set at local church
    5:30 to 7 p.m. Parkview Church of the Nazarene, 1750 State Road 46 East
  • August 23
    Live Baby Boomer music at tavern
    7 to 9 p.m. Pine Room, 51 E. Chestnut St.
  • August 24
    American history DVD set to air at library
    1 p.m. Library, 205 N. Locust Lane
  • August 24
    American history DVD set to air at library
    1 p.m. Library, 205 N. Locust Lane
  • September 6
    Read to dogs at the library
    2 to 3:30 p.m. Library, 205 N. Locust Lane
  • September 18
    BucCornEar Festival fundraiser returns
    4 to 8 p.m. JTFD, 4831 Helmsburg Road, Helmsburg
  • September 19
    BucCornEar Festival fundraiser returns
    8 a.m. to 8 p.m. JTFD, 4831 Helmsburg Road, Helmsburg