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Public Notices
Intent to Sell Bonds

Upon not less than twenty-four (24) hours notice
given by the undersigned Secretary prior to the
ninetieth day after this notice is first published,
Brown County Schools (the “School Corporation”)
will receive and consider bids for the purchase of
the following described Bonds. Any person interested
in submitting a bid for the Bonds must
furnish in writing to the Brown County Schools
c/o Dr. Dennis Goldberg, 357 East Main Street,
Nashville, Indiana 47448; (812) 988-6601, (812)
988-5403 (facsimile) or by e-mail to Dgoldber@ and Educational Services
Company at on or
before 9:00 a.m. (Indianapolis Time) February 10,
2010, the person’s name, address, and telephone
number. Interested persons may also furnish an
e-mail address. The undersigned Secretary will
notify (or cause to be notified) each person so registered
of the date and time bids will be received
not less than twenty-four (24) hours before the date
and time of sale. The notification shall be made by
telephone at the number furnished by such person
and also by electronic e-mail, if an e-mail address
has been received. It is anticipated that the sale
will occur at 11:00 a.m. (Indianapolis Time) on
February 11, 2010.
At the time designated for the sale, the School
Corporation will receive at the offices of Brown
County Schools, 357 East Main Street, Nashville,
Indiana 47448, and consider bids for the purchase
of the following described Bonds:
General Obligation Bonds of 2010 (the “Bonds”)
of the School Corporation, an Indiana political
subdivision, in the principal amount of $995,000;
Fully registered form; Denomination $5,000 and
integral multiples thereof; Originally dated the date
of delivery of the Bonds; Bearing interest at a rate
or rates to be determined by bidding, payable on
July 15, 2011, and semiannually thereafter; These
Bonds will be initially issued in a Book Entry
System (as defined in the Bond Resolution) unless
otherwise requested by the successful purchaser.
Interest payable by check mailed one business day
prior to the interest payment date or by wire transfer
to depositories on the interest payment date to
the person or depository in whose name each Bond
is registered with the Registrar on the fifteenth day
immediately preceding such interest payment date;
Maturing or subject to mandatory redemption on
January 15 and July 15 on the dates and amounts
as follows:
Date – Amount: 7/15/2011 - 85,000.00; 1/15/2012
- 90,000.00; 7/15/2012 - 85,000.00; 1/15/2013
- 90,000.00; 7/15/2013 - 90,000.00; 1/15/2014
- 90,000.00; 7/15/2014 - 90,000.00; 1/15/2015
-95,000.00; 7/15/2015 - 95,000.00; 1/15/2016 -
95,000.00; 7/15/2016 - 90,000.00.
The Bonds are not subject to redemption prior to
The Bonds have been designated as qualified
tax-exempt obligations for purposes of Section
A bid may designate that a given maturity or maturities
shall constitute a term bond, and the semiannual
amounts set forth above shall constitute the
mandatory sinking fund redemption requirements
for such term bond or bonds. For purposes of computing
net interest cost, the mandatory redemption
amounts shall be treated as maturing on the dates
set forth in the schedule set forth above.
Each bid must be for all of the Bonds and must
state the rate of interest which each maturity of
the Bonds is to bear, stated in multiples of 1/8th
or 1/20th of 1%. The maximum interest rate of the
Bonds shall not exceed 4% per annum. All Bonds
maturing on the same date shall bear the same rate,
and the rate of interest bid for each maturity must
be equal to or greater than the rate bid on the immediately
preceding maturity. Bids shall set out
the total amount of interest payable over the term
of the Bonds and the net interest cost on the Bonds
covered by the bid. No bid for less than 99% of the
face value of the Bonds will be considered. The
Bonds will be awarded to the highest qualified bidder
who has submitted a bid in accordance herewith.
The highest bidder will be the one who offers
the lowest net interest cost to the School Corporation,
to be determined by computing the total interest
on all of the Bonds to their maturities based
upon the schedule provided by the School Corporation
and deducting therefrom the premium bid, if
any, and adding thereto the discount bid, if any. No
conditional bids will be considered. The right is
reserved to reject any and all bids. If an acceptable
bid is not received for the Bonds on the date of sale
hereinbefore fixed, the sale may be continued from
day to day thereafter, during which time no bids for
less than the highest bid received at the time of the
advertised sale will be considered. No conditional
bids will be considered.
Each bid must be enclosed in a sealed envelope
addressed to the School Corporation and marked
on the outside “Bid for General Obligation Bonds
of 2010”. A good faith deposit (“Deposit”) in
the form of cash or certified or cashier’s check in
the amount of $9,950 payable to the order of the
School Corporation is required to be submitted
by the successful purchaser (the "Purchaser") not
later than 3:30 p.m. (EST) on the next business
day following the award. If such Deposit is not
received by that time, the School Corporation may
reject the bid. No interest on the Deposit will accrue
to the Purchaser. The Deposit will be applied
to the purchase price of the Bonds. In the event
the Purchaser fails to honor its accepted bid, the
Deposit will be retained by the School Corporation
as liquidated damages.
The successful bidder shall make payment to the
bank selected by the Business Manager, as registrar
(the “Registrar”) for the Bonds and accept delivery
thereof from the Registrar within five days after being
notified that the Bonds are ready for delivery,
at such place in the City of Indianapolis, Indiana,
as the successful bidder may designate. The Bonds
will be ready for delivery within 45 days after the
date of sale. If the School Corporation fails to have
the Bonds ready for delivery prior to the close of
banking hours on the forty-fifth day after the date
of sale, the bidder may secure the release of his
bid upon request in writing, filed with the School
Corporation. The successful bidder is expected to
apply to a securities depository registered with the
SEC to make such Bonds depository-eligible. At
the time of delivery of the Bonds to the successful
bidder, the bidder will be required to certify to the
School Corporation the initial reoffering price to
the public of a substantial amount of each maturity
of the Bonds.
It is anticipated that CUSIP identification numbers
will be printed on the Bonds, but neither the failure
to print such numbers on any Bond nor any error
with respect thereto shall constitute cause for failure
or refusal by the successful bidder therefor to
accept delivery of and pay for the Bonds in accordance
with the terms of its proposal. No CUSIP
identification number shall be deemed to be a part
of any Bond or a part of the contract evidenced
thereby and no liability shall hereafter attach to
the School Corporation or any of its officers or
agents because of or on account of such numbers.
All expenses in relation to the printing of CUSIP
identification numbers on the Bonds shall be paid
for by the School Corporation; provided, however,
that the CUSIP Service Bureau charge for the assignment
of said numbers shall be the responsibility
of and shall be paid for by the Purchaser. The
Purchaser will also be responsible for any other
fees or expenses it incurs in connection with the
resale of the Bonds.
The approving opinion of Ice Miller LLP, bond
counsel of Indianapolis, Indiana, together with a
transcript of the proceedings relating to the issuance
of the Bonds and closing papers in the usual
form showing no litigation questioning the validity
of the Bonds, will be furnished to the successful
bidder at the expense of the School Corporation.
The Bonds are being issued for the purpose to pay
the cost of renovations and improvements to the
infrastructure and technology at Brown County
High School and Brown County Junior High
School, and will be direct obligations of the School
Corporation payable out of ad valorem taxes to be
collected on the taxable property within the School
Corporation; however, the School Corporation's
collection of the levy may be limited by operation
of I.C. 6-1.1-20.6, which provides taxpayers with
tax credits for property taxes attributable to different
classes of property in an amount that exceeds
certain percentages of the gross assessed value of
that property. The School Corporation is required
by law to fully fund the payment of debt service on
the Bonds in an amount sufficient to pay the debt
service, regardless of any reduction in property tax
collections due to the application of such tax credits.
The School Corporation may not be able to
levy or collect additional property taxes to make up
this short fall. Brown County Schools is a school
corporation organized pursuant to the provisions of
I.C. 20-4, and the Bonds will not be “private activity
bonds” as defined in Section 141 of the Internal
Revenue Code of 1986.
The Bonds constitute an indebtedness only of the
School Corporation. Interest on the Bonds is exempt
from all income taxation in Indiana. In the
opinion of bond counsel, under the existing federal
statutes, decisions, regulations and rulings, the interest
on the Bonds is excludable from gross income
for purposes of federal income taxation.
The School Corporation has not prepared a preliminary
official statement relating to the Bonds.
Further information relative to said issue may be
obtained upon application to the Brown County
Schools c/o Dr. Dennis Goldberg, 357 East Main
Street, Nashville, Indiana 47448; (812) 988-6601,
(812) 988-5403 (facsimile) or by e-mail to Dgoldber@ or to Educational Services
Company, as financial advisor, c/o Ije Dike-Young,
3535 East 96th Street, Suite 126, Indianapolis,
Indiana 46240; 317-663-4400; 317-663-4404 (facsimile)
If bids are submitted by mail, they should be addressed
to the School Corporation, attention of Dr.
Dennis Goldberg, 357 East Main Street, Nashville,
Indiana 47448; (812) 988-6601, (812) 988-5403
(facsimile) or by e-mail to Dgoldber@brownco.
Dated this 27th day of January, 2010.
Connie Weddle
Secretary, Board of School Trustees
Brown County Schools
January 27, February 3, 2010 10-23

See Full List »

Lillian (Anderson) Wentworth Henderson, 87, Brown County

William Emmett Fisher, 73, Elizabethtown
  Father of William “Mark” (Marissa) Fisher of Nashville

Margaret (Stanley) Whitaker, 80, Morgantown
  Wife of Rawlins Whitaker of Morgantown

  • August 29
    Watermelon fundraiser on Village Green
    1 to 4 p.m. Village Green, Main and Jefferson streets
  • August 30
    Golf scramble to benefit BCHS athletics set
    1 p.m. Salt Creek Golf Retreat, 2359 State Road 46 East
  • August 30
    Mission trip presentation at Fruitdale church
    2 p.m. Midway Church,
  • September 3
    7 to 9 p.m. Library, 205 N. Locust Lane
  • September 3
    Future of rural places subject of talk
    5:30 p.m. Brown County Inn, 51 State Road 46 East
  • September 5
    BCHS class of 2005 reunion slated
    3 to 6 p.m., 8 p.m. Deer Run Park; Salt Creek Golf Retreat, 2359 State Road 46 East
  • September 6
    Read to dogs at the library
    2 to 3:30 p.m. Library, 205 N. Locust Lane
  • September 8
    Peaceful Valley Heritage meeting
    6:30 p.m. BCCF, 209 S. Van Buren St.
  • September 8
    Retired teachers
    noon Hotel Nashville, 245 N. Jefferson St.
  • September 9
    Nashville Town Council
    6 p.m. Town Hall, 200 Commercial St.
  • September 12
    Free community breakfast at Sprunica church
    8 to 10 a.m. Sprunica Baptist Church, 3902 Sprunica Road
  • September 18
    BucCornEar Festival fundraiser returns
    4 to 8 p.m. JTFD, 4831 Helmsburg Road, Helmsburg
  • September 18
    'A Miracle for You' services with evangelist Jerry Holland
    7:30 p.m. The Pentecostals
  • September 19
    BucCornEar Festival fundraiser returns
    8 a.m. to 8 p.m. JTFD, 4831 Helmsburg Road, Helmsburg
  • September 19
    'A Miracle for You' services with evangelist Jerry Holland
    6 p.m. The Pentecostals
  • September 20
    'A Miracle for You' services with evangelist Jerry Holland
    2 p.m. The Pentecostals
  • September 28
    American history DVD to play at library
    1 p.m. Library, 205 N. Locust Lane
  • October 4
    Read to a dog at the library
    2 to 3:30 p.m. Library, 205 N. Locust Lane