Nobody covers Brown County like The Democrat Buy PDF| Advertise| Contact Us
Hoosier Harvest Cookbook
 
Public Notices
 
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 »

James E. (Jim) Robinson, 76, Bedford
  Former chief deputy of police for the town of Nashville

Josephine Lee Cueto, 62, Morgantown
  Daughter of Priscilla Burgmeier of Nashville

Mary 'Jane' Kollman, 92, Nashville
  Mother of Janet (Tom) Gaskins of Nashville

  • November 25
    Euchre
    6 p.m. Sycamore Valley Center, 746 Memorial Drive (fairgrounds)
  • November 25
    Open 12-step meetings in New Bellsville area
    6 to 7 p.m. Harmony Baptist Church, 3999 Mt. Liberty Road, New Bellesville
  • November 26
    Go Club meeting Wednesday at coffee/tea shop
    3 p.m. Brown County Public Library, 205 N. Locust Lane
  • November 26
    BC Sheriff's Merit Board
    4 p.m. Sheriff's Office, Law Enforcement Center, 55 State Road 46 East
  • November 28
    Bingo
    6 p.m. Fruitdale Fire Station, 5200 State Road 135 North, Bean Blossom
  • November 29
    Euchre
    6 p.m. Sycamore Valley Center, 746 Memorial Drive (fairgrounds)
  • November 29
    Dave Miller at Abe Martin Lodge
    5:30 to 7:30 p.m. Abe Martin Lodge, Brown County State Park
  • December 2
    Euchre
    6 p.m. Sycamore Valley Center, 746 Memorial Drive (fairgrounds)
  • December 3
    Woodworkers Club
    7 p.m. Library, 205 N. Locust Lane
  • December 3
    Jeff Foster at Hobnob restaurant
    6 to 8 p.m. Hobnob, 17 W. Main St.
  • December 4
    Go Club at the library Thursdays
    3:30 to 5 p.m. Brown County Public Library, 205 N. Locust Lane
  • December 5
    Bingo
    6 p.m. Fruitdale Fire Station, 5200 State Road 135 North, Bean Blossom
  • December 5
    Children's fund annual auction
    6 p.m. Out of the Ordinary, 61 S. Van Buren St.
  • December 6
    Euchre
    6 p.m. Sycamore Valley Center, 746 Memorial Drive (fairgrounds)
  • December 6
    Dave Miller at Abe Martin Lodge
    5:30 to 7:30 p.m. Abe Martin Lodge, Brown County State Park
  • December 10
    Jeff Foster at Hobnob restaurant
    6 to 8 p.m. Hobnob, 17 W. Main St.
  • December 12
    Widowed group plans Christmas party
    noon Salt Creek Golf Retreat, 2359 State Road 46 East
  • December 12
    BCSP Christmas bird count slated
    8 a.m. BCSP Nature Center, 1810 State Road 46 East
  • December 13
    Free community breakfast at Sprunica church
    8 to 10 a.m. Sprunica Baptist Church, 3902 Sprunica Road