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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 »

John Jacob 'Jack' Gambold, Jr., 91
  Stepfather of Carol Skirvin of Nashville

Jolee Ragan Dufek, 6, Nashville
  Daughter of Jason and Krystal Dufek

Karolina Rose Spurgeon, 3 days old, Edinburgh
  Sister of Keirsten Dawn Spurgeon of Brown County

  • December 19
    Bingo
    5 p.m. Fruitdale Fire Station, 5200 State Road 135 North.
  • December 19
    Christmas sing-along at The Playhouse
    7:30 p.m. BC Playhouse, 70 S. Van Buren St.
  • December 19
    Live band at dance barn
    6 p.m. Mike's Dance Barn, 2277 State Road 46 West
  • December 19
    Live hip hop music at dance barn
    7 p.m. Mike's Dance Barn, 2277 State Road 46 West
  • December 20
    Live band at dance barn
    6 p.m. Mike's Dance Barn, 2277 State Road 46 West
  • December 20
    Euchre
    6 p.m. Sycamore Valley Center, 746 Memorial Drive (fairgrounds)
  • December 20
    Dave Miller at Abe Martin Lodge
    5:30 to 7:30 p.m. Abe Martin Lodge, Brown County State Park
  • December 20
    'Gone Girl' at the Playhouse
    1 p.m., 4 p.m., 7 p.m. BC Playhouse, 70 S. Van Buren St.
  • December 20
    Railroad museum features model Christmas trains
    1 to 7 p.m. BC RR Museum, 18 W. Three Story Hill Road, Fruitdale
  • December 21
    'Gone Girl' at the Playhouse
    1 p.m., 4 p.m., 7 p.m. BC Playhouse, 70 S. Van Buren St.
  • December 21
    Railroad museum features model Christmas trains´╗┐
    1 to 7 p.m. BC RR Museum, 18 W. Three Story Hill Road, Fruitdale
  • December 23
    Euchre
    6 p.m. Sycamore Valley Center, 746 Memorial Drive (fairgrounds)
  • December 24
    Nashville government offices CLOSED
  • December 24
    Christmas Eve Communion service at Becks Grove church
    7 p.m. Becks Grove Christian Church, 8009 Becks Grove Road
  • December 24
    Candlelight service at Helmsburg church Christmas Eve
    7 p.m. Brown County Community Church, 2370 Main St., Helmsburg
  • December 24
    Candlelight service set for Christmas Eve
    6:30 p.m. Country Gospel Music Church, 5181 State Road 46 East
  • December 24
    Cordry church hosts candlelight service Christmas Eve
    7 p.m. Church of the Lakes, 8844 Nineveh Road
  • December 25
    Government Offices CLOSED
  • December 26
    Bingo
    6 p.m. Fruitdale Fire Station, 5200 State Road 135 North, Bean Blossom
  • December 26
    Brown County Government Offices CLOSED
  • December 27
    Bingo
    6 p.m. Fruitdale Fire Station, 5200 State Road 135 North, Bean Blossom
  • December 27
    Live band at dance barn
    7:30 p.m. Mike's Dance Barn, 2277 State Road 46 West