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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 »

Joel 'Joe' F. White, 81, Brown County
  Husband of Barbara (Lotshaw) White; stepfather of Dana Steele of Brown County

Anne Marie “Annie” (Beeson) Endris, 43, Nashville
  

Brian L. Lawalin, 56, Indianapolis
  Son of Rosie Lawalin of Brown County; father of Daven Lawalin and Jamie Rainwater, both of Trafalgar

  • May 24
    Dave Miller at Abe Martin Lodge
    10 a.m. to noon Brown County State Park, State Road 46 East
  • May 24
    Dave Miller at Abe Martin Lodge
    Noon to 2 p.m. Brown County State Park, State Road 46 East
  • May 25
    Government Offices CLOSED
  • May 26
    Euchre
    6 p.m. Sycamore Valley Center, 746 Memorial Drive (fairgrounds)
  • May 26
    BC Area Plan Commission CANCELED
    County Office Building, 201 N. Locust Lane
  • May 26
    Open 12-step meeting in New Bellsville area
    8 p.m. Harmony Baptist Church, 3999 Mt. Liberty Road, New Bellesville
  • May 27
    Jeff Foster at Hobnob restaurant
    6 to 8 p.m. Hobnob, 17 W. Main St.
  • May 27
    BC Sheriff's Merit Board
    4 p.m. Sheriff's Office, Law Enforcement Center, 55 State Road 46 East
  • May 27
    BC Board of Zoning Appeals
    6 p.m. County Office Building, 201 N. Locust Lane
  • May 28
    Go Club at the library
    3:30 to 5 p.m. Brown County Public Library, 205 N. Locust Lane
  • May 29
    Farmers market reopens in Bean Bean Blossom
    4 p.m. St. David's Episcopal Church, 11 State Road 45 at 135 North, Bean Blossom
  • May 29
    Bingo
    6 p.m. Fruitdale Fire Station, 5200 State Road 135 North, Bean Blossom
  • May 29
    Gospel jubilee at Redbarn
    8 p.m. RedBarn Jamboree, 71 Parkview Road off 46 East
  • May 30
    Euchre
    6 p.m. Sycamore Valley Center, 746 Memorial Drive (fairgrounds)
  • May 30
    Dave Miller at Abe Martin Lodge
    5:30 to 7:30 p.m. Brown County State Park, State Road 46 East
  • May 30
    Comedy tour at the Playhouse
    7:30 p.m. BC Playhouse, 70 S. Van Buren St.
  • May 31
    Dave Miller at Abe Martin Lodge
    10 a.m. to noon Abe Martin Lodge, Brown County State Park
  • June 2
    Euchre
    6 p.m. Sycamore Valley Center, 746 Memorial Drive (fairgrounds)
  • June 2
    Open 12-step meeting in New Bellsville area
    8 p.m. Harmony Baptist Church, 3999 Mt. Liberty Road, New Bellesville
  • June 2
    Bean Blossom Sewer Board
    6:30 p.m. County Office Building, 201 N. Locust Lane
  • June 3
    Jeff Foster at Hobnob restaurant
    6 to 8 p.m. Hobnob, 17 W. Main St.
  • June 4
    Go Club at the library
    3:30 to 5 p.m. Brown County Public Library, 205 N. Locust Lane
  • June 4
    WRAPS
    7 to 9 p.m. Library, 205 N. Locust Lane
  • June 4
    Gospel jam & sing first Thursday in Gnaw Bone
    6:30 p.m. Country Gospel Church, 5181 State Road 46 East
  • June 5
    Strawberry fest during farmers market
    4 p.m. St. David's Episcopal Church, 11 State Road 45 at 135 North, Bean Blossom
  • June 5
    Bingo
    5 p.m. Fruitdale Fire Station, 5200 State Road 135 North, Bean Blossom
  • June 5
    Gospel jubilee at Redbarn
    8 p.m. RedBarn Jamboree, 71 Parkview Road, off 46 East
  • June 6
    Shrine parade celebrates summer
    11 a.m. downtown Nashville
  • June 7
    Read to dogs at the library
    2 to 3:30 p.m. Library, 205 N. Locust Lane
  • June 11
    Gospel jam & sing at Gnaw Bone church
    6:30 p.m. Country Gospel Church, 5181 State Road 46 East
  • June 12
    BC photography club
    7 to 9 p.m. Library, 205 N. Locust Lane
  • June 13
    Free community breakfast at Sprunica church
    8 to 10 a.m. Sprunica Baptist Church, 3902 Sprunica Road
  • June 13
    Open house conducted at New Song
    9 to 11 a.m. New Song Mission, 7202 Keith Donaldson Road, Freetown
  • June 15
    Essential oil class at tea shop
    6 p.m. Sweetea's Tea Shop, 225 S. Van Buren St., Suite C, Coachlight Square
  • June 17
    Hamblen Fire District
    7 p.m. Hamblen Fire Station, 4650 Sweetwater Trail, Gatesville
  • June 20
    Rock & mineral club
    6 p.m. Extension Office, 802 Memorial Drive at the fairgrounds
  • June 20
    Pollinator Awareness Day at state park Nature Center
    9 a.m. to 4 p.m. Brown County State Park, 1450 State Road 46 East (north entrance)
  • July 11
    Health fair at the YMCA
    8 a.m. to noon YMCA, 105 Willow St.