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Public Notices
 
Intent to Sell Bonds

NOTICE OF INTENT TO SELL BONDS
$995,000
GENERAL OBLIGATION BONDS OF 2010
BROWN COUNTY SCHOOLS
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@
brownco.k12.in.us and Educational Services
Company at idike@govtconsultingserv.com 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
maturity.
The Bonds have been designated as qualified
tax-exempt obligations for purposes of Section
265(b)(3).
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@
brownco.k12.in.us 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)
idike@govtconsultingserv.com.
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.
k12.in.us
Dated this 27th day of January, 2010.
Connie Weddle
Secretary, Board of School Trustees
Brown County Schools
January 27, February 3, 2010 10-23

Obituaries
See Full List »

Barbara Frances Martin, 87, Seymour
  Brown County native

James Roger Hoskins, 80, Sebring, Florida
  Former resident of Nashville

George Wallace Gould III, 86, Nashville
  Husband of Sharon Jungclaus-Gould

  • October 21
    Euchre
    6 p.m. Sycamore Valley Center, 746 Memorial Drive (fairgrounds)
  • October 21
    Nashville Redevelopment Commission
    4 p.m. Town Hall, 200 Commercial St.
  • October 21
    CSCD Board of Directors
    7 p.m. CSLOA Clubhouse, 8751 Nineveh Road
  • October 21
    B.C. Convention & Visitors Bureau
    8:30 a.m. Seasons Lodge, 560 State Road 46 East
  • October 21
    Open 12-step meetings in New Bellsville area
    7 to 8 p.m. Harmony Baptist Church, 3999 Mt. Liberty Road, New Bellesville
  • October 21
    Nashville Development Review Commission
    6 p.m. Town Hall, 200 Commercial St.
  • October 22
    Jeff Foster at Hobnob restaurant
    6 to 8 p.m. Hobnob, 17 W. Main St.
  • October 22
    Peaceful Valley Heritage meeting
    6:30 p.m. Brown County Public Library, 205 N. Locust Lane
  • October 22
    BC Parks & Rec. Board
    5:15 p.m. BC Parks & Rec. Office, 1001 Deer Run Lane
  • October 23
    Go Club at the library
    3:30 to 5 p.m. Brown County Public Library, 205 N. Locust Lane
  • October 23
    Gospel jam session
    6:30 p.m. Country Gospel Music Church, 5181 State Road 46 East, Gnaw Bone5181 State Road 46 East, Gnaw Bone
  • October 23
    Nashville Town Council
    6 p.m. Town Hall, 200 Commercial St.
  • October 23
    Salt Creek Trail Committee
    10 a.m. BC Parks & Rec. Office, 1001 Deer Run Lane
  • October 23
    Brown County Schools Board of Trustees
    5:30 p.m., 6:30 p.m. Brown County Intermediate School, 260 Schoolhouse Lane
  • October 24
    Bingo
    6 p.m. Fruitdale Fire Station, 5200 State Road 135 North, Bean Blossom
  • October 24
    YMCA pumpkin-carving contest
    before 6 p.m. YMCA, 105 Willow St.
  • October 24
    Deadline for Mini 4-H fall party
    Extension Office, 802 Memorial Drive at the fairgrounds
  • October 24
    Bean Blossom farmers market Friday
    4 to 7 p.m. St. David's Episcopal Church, State roads 135 North and 45, Bean Blossom
  • October 24
    An Evening With the Artists planned at local gallery
    6 to 8:30 p.m. Brown County Art Gallery, 1 Artist Drive
  • October 24
    Murder mystery offered at T.C. Steele
    7:30 p.m. T.C. Steele State Historic Site, 4220 T.C. Steele Road, Belmont
  • October 25
    Euchre
    6 p.m. Sycamore Valley Center, 746 Memorial Drive at the fairgrounds
  • October 25
    Dave Miller at Abe Martin Lodge
    5:30 to 7:30 p.m. Abe Martin Lodge, Brown County State Park
  • October 25
    Shriners to host trap, still board shoots
    9 a.m. to 4 p.m. 6088 State Road 46 East
  • October 25
    Old-fashioned Halloween Fest
    6:30 to 8 p.m. St. David's Episcopal Church, state roads 135 North and 45, Bean Blossom
  • October 25
    Free medical, dental and eye care offered
    8 a.m. to 1 p.m. YMCA, 105 Willow St.
  • October 25
    BCSP Halloween activities
    5 to 6 p.m., 8 to 10 p.m. Brown County State Park, 1810 State Road 46 East
  • October 25
    Live dinner show at dance barn
    6:30 p.m., 8 p.m. Mike's Dance Barn, 2277 State Road 46 West
  • October 26
    Storytellers to compete in Tall Tale Tell Off
    1 to 5 p.m. Brown County Public Library, 205 N. Locust Lane
  • October 28
    Euchre
    6 p.m. Sycamore Valley Center, 746 Memorial Drive (fairgrounds)
  • October 28
    BC Area Plan Commission
    6 p.m. County Office Building, 201 N. Locust Lane
  • October 28
    BC Area Plan Commission
    6 p.m. County Office Building, 201 N. Locust Lane
  • October 29
    Jeff Foster at Hobnob restaurant
    6 to 8 p.m. Hobnob, 17 W. Main St.
  • October 29
    BC Board of Zoning Appeals
    6 p.m. County Office Building, 201 N. Locust Lane
  • October 30
    Gospel jam session
    6:30 p.m. Country Gospel Music Church, 5181 State Road 46 East, Gnaw Bone
  • October 30
    WRAPS meetings
    7 to 9 p.m. Brown County Public Library, 205 N. Locust Lane
  • October 30
    9th District candidate to meet public
    7 to 8:30 p.m. Brown County Public Library, 205 N. Locust Lane
  • October 31
    Bingo
    6 p.m. Fruitdale Fire Station, 5200 State Road 135 North, Bean Blossom
  • October 31
    Trick-or-Treat hours set for Nashville
    6 to 9 p.m. Nashville
  • October 31
    Deadline to RSVP for Brown County/Purdue Extension dinner meeting
  • November 1
    Euchre
    6 p.m. Sycamore Valley Center, 746 Memorial Drive (fairgrounds)
  • November 1
    Dave Miller at Abe Martin Lodge
    5:30 to 7:30 p.m. Abe Martin Lodge, Brown County State Park
  • November 1
    Annual bazaar, quilt raffle, bake sale, bean dinner
    10 a.m. to 3 p.m. Goshen Community Church, 2798 Gatesville Road, Bean Blossom
  • November 4
    Euchre
    6 p.m. Sycamore Valley Center, 746 Memorial Drive at the fairgrounds
  • November 5
    Woodworkers club
    7 p.m. Charlie Roush's Shop, 6987 Christianberg Road
  • November 5
    Jeff Foster at Hobnob restaurant
    6 to 8 p.m. Hobnob, 17 W. Main St.
  • November 8
    Second Saturday Village Art Walk
    5 to 8 p.m. Downtown Nashville
  • November 8
    Free community breakfast at Sprunica church
    8 to 10 a.m. Sprunica Baptist Church, 3902 Sprunica Road
  • November 12
    Mandatory scholarship meeting at the high school
    6:30 p.m. Brown County High School, 235 School House Lane
  • November 12
    Jeff Foster at Hobnob restaurant
    6 to 8 p.m. Hobnob, 17 W. Main St.
  • November 13
    Go Club at the library Thursdays
    3:30 to 5 p.m. Brown County Public Library, 205 N. Locust Lane
  • December 13
    Free community breakfast at Sprunica church
    8 to 10 a.m. Sprunica Baptist Church, 3902 Sprunica Road