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Public Notices
 
NOTICE OF INTENT TO SELL BONDS

$1,900,000

GENERAL OBLIGATION BONDS OF 2010, SECOND SERIES

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) November 29, 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 December 9, 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, Second Series (the "Bonds") of the School Corporation, an Indiana political subdivision, in the principal amount of $1,900,000; 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: 7/15/2012 -$95,000; 1/15/2013 - 95,000; 7/15/2013 - 210,000; 1/15/2014 - 210,000; 7/15/2014 - 210,000; 1/15/2015 - 210,000; 7/15/2015 - 215,000; 1/15/2016 - 215,000; 7/15/2016 -                         220,000; 1/15/2017 - 220,000.

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 semi-annual 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 5% 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 99.5% 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, Second Series".  A good faith deposit ("Deposit") in the form of cash or certified or cashier's check in the amount of $19,000 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 TWPeterson Law Office, 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,  the renovation and equipping of the science/technology laboratory at the Brown County Junior High School and the design and development of four elementary school science classrooms, 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  HYPERLINK "mailto:Dgoldber@brownco.k12.in.us" 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 4th day of November, 2010.

Judy Hardwick

Secretary, Board of School Trustees

Brown County Schools

November 10, 17, 2010                    10-334

 

Obituaries
See Full List »

Bill J. Adams, 78, Morgantown
  

Thomas Heacox, 80, Greenwood
  Stepfather of Dewayne Clark and Michael Clark of Trafalgar

Bruce Van Winkle, 71, Morgantown
  Husband of Jeanette (Everts) Van Winkle

  • August 21
    Go Club at the library Thursdays
    3:30 to 5 p.m. Brown County Public Library, 205 N. Locust Lane
  • August 21
    Gospel jam session
    6:30 p.m. Country Gospel Music Church, 5181 State Road 46 East, Gnaw Bone5181 State Road 46 East, Gnaw Bone
  • August 21
    Nashville Literary Club
    11:45 a.m. Brown County IGA, 30 Hawthorne Drive
  • August 21
    CSVFD
    7:30 p.m. CSVFD fire station, 101 Firehouse Road, Nineveh
  • August 21
    WRAPS meetings
    7 to 9 p.m. Brown County Public Library, 205 N. Locust Lane
  • August 21
    Rotary Club
    7:15 a.m. Artist Colony Inn, 105 S. Van Buren St.
  • August 21
    Lake Strahl stroll at BCSP
    10 a.m. Brown County State Park, 1810 State Road 46 East
  • August 21
    Nashville Town Council
    6 p.m., 6:30 p.m. Town Hall, 200 Commercial St.
  • August 21
    BC Community Corrections Advisory Board
    4 p.m. BCC Corrections office, 902 Deer Run Lane, Suite B.
  • August 21
    Brown County Schools Board of Trustees
    6:30 p.m. Brown County Intermediate School, 260 Schoolhouse Lane
  • August 21
    Brown County Fire Protection District Board executive session
    6 p.m. Brown County Public Library, 205 N. Locust Lane
  • August 21
    B.C. Election Board CANCELED
    County Office Building, 201 N. Locust Lane
  • August 21
    'Planes: Fire & Rescue' movie at the Playhouse
    4 p.m., 7 p.m. Brown County Playhouse, 70 S. Van Buren
  • August 21
    BCHS & Nashville School Building Corp.
    4 p.m. Brown County Schools Administration Building, the white house, 357 E. Main St.
  • August 21
    Brown County Council budget hearings
    6:30 p.m. County Office Building, 201 N. Locust Lane
  • August 22
    Live music at Out of the Ordinary
    7 p.m. Out of the Ordinary, 61 S. Van Buren St.
  • August 22
    Bingo
    6 p.m. Fruitdale Fire Station, 5200 State Road 135 North, Bean Blossom
  • August 22
    Bean Blossom farmers market Friday
    4 to 7 p.m. St. David's Episcopal Church, State roads 135 North and 45, Bean Blossom
  • August 22
    Friday at BCSP Nature Center
    10 a.m., 2 p.m. Brown County State Park, 1810 State Road 46 East
  • August 22
    Dave Miller at winery
    7 to 10 p.m. Chateau Thomas Winery, Coachlight Square, 225 S. Van Buren St.
  • August 22
    'Planes: Fire & Rescue' movie at the Playhouse
    4 p.m., 7 p.m. Brown County Playhouse, 70 S. Van Buren
  • August 23
    Euchre
    6 p.m. Sycamore Valley Center, 746 Memorial Drive (fairgrounds)
  • August 23
    Late night dancing at Out of the Ordinary
    9:30 p.m. Out of the Ordinary, 61 S. Van Buren St.
  • August 23
    Dave Miller at Abe Martin Lodge
    5:30 to 7:30 p.m. Abe Martin Lodge, Brown County State Park
  • August 23
    Shriners' benefit music revue at the Playhouse
    7:30 p.m. Brown County Playhouse, 70 S. Van Buren
  • August 23
    Saturday at BCSP
    2 p.m., 8 p.m. Brown County State Park, 1810 State Road 46 East
  • August 23
    Lake Lemon Conservancy District
    10 a.m. Riddle Point Park Shelter House, 7599 N. Tunnel Road, Unionville
  • August 23
    Live music at winery
    7 to 10 p.m. Chateau Thomas Winery, Coachlight Square, 225 S. Van Buren St.
  • August 23
    Live music at Big Woods Pizza Co.
    8 to 10 p.m. Big Woods Pizza Co., 44 N. Van Buren St.
  • August 23
    Cemetery association meeting slated
    6 p.m. Christiansburg United Methodist Church, 7372 Christianberg Road
  • August 24
    Snake talk at BCSP Nature Center
    2 p.m. Brown County State Park, 1810 State Road 46 East
  • August 24
    'Planes: Fire & Rescue' movie at the Playhouse
    4 p.m., 7 p.m. Brown County Playhouse, 70 S. Van Buren
  • August 25
    Monday at BCSP Nature Center
    10 a.m., 2 p.m. Brown County State Park, 1810 State Road 46 East
  • August 26
    Euchre
    6 p.m. Sycamore Valley Center, 746 Memorial Drive at the fairgrounds
  • August 26
    Widowed group euchre party
    1 to 4 p.m. Sycamore Valley Center, 746 Memorial Drive (fairgrounds)
  • August 26
    BC Area Plan Commission
    6 p.m. County Office Building, 201 N. Locust Lane
  • August 26
    Geology talk at BCSP Nature Center
    10 a.m. Brown County State Park, 1810 State Road 46 East
  • August 27
    Jeff Foster at Hobnob restaurant
    6 to 8 p.m. Hobnob, 17 W. Main St.
  • August 27
    BC Parks & Rec. Board
    5:15 p.m. BC Parks & Rec. Office, 1001 Deer Run Lane
  • August 27
    BC Board of Zoning Appeals
    6 p.m. County Office Building, 201 N. Locust Lane
  • August 27
    Wednesday at BCSP Nature Center
    10 a.m., 2 p.m. Brown County State Park, 1810 State Road 46 East
  • August 28
    Go Club at the library Thursdays
    3:30 to 5 p.m. Brown County Public Library, 205 N. Locust Lane
  • August 28
    Gospel jam session
    6:30 p.m. Country Gospel Music Church, 5181 State Road 46 East, Gnaw Bone
  • August 28
    Rotary Club
    7:15 a.m. Artist Colony Inn, 105 S. Van Buren St.
  • August 28
    Salt Creek Trail Committee
    10 a.m. BC Parks & Rec. Office, 1001 Deer Run Lane
  • August 29
    Bingo
    6 p.m. Fruitdale Fire Station, 5200 State Road 135 North, Bean Blossom
  • August 29
    Bean Blossom farmers market Friday
    4 to 7 p.m. St. David's Episcopal Church, State roads 135 North and 45, Bean Blossom
  • August 29
    Live music at winery
    7 to 10 p.m. Chateau Thomas Winery, Coachlight Square, 225 S. Van Buren St.
  • August 30
    Euchre
    6 p.m. Sycamore Valley Center, 746 Memorial Drive (fairgrounds)
  • August 30
    Dave Miller at Abe Martin Lodge
    5:30 to 7:30 p.m. Abe Martin Lodge, Brown County State Park
  • August 30
    'The Hundred-Foot Journey' movie at the Playhouse
    1 p.m. Brown County Playhouse, 70 S. Van Buren
  • August 30
    Wagler Dairy hosts fifth annual ice cream social
    4:30 to 8 p.m. Wagler Dairy, 7085 Homestead Road
  • August 30
    Salute to young Elvis at The Playhouse
    7:30 p.m. Brown County Playhouse, 70 S. Van Buren
  • August 30
    Live music at winery
    7 to 10 p.m. Chateau Thomas Winery, Coachlight Square, 225 S. Van Buren St.
  • August 30
    CSLOA and firemen host ox roast
    11 a.m. to 7 p.m. CSLOA Clubhouse, 8751 Nineveh Road
  • August 31
    'The Hundred-Foot Journey' movie at the Playhouse
    1 p.m. Brown County Playhouse, 70 S. Van Buren
  • September 2
    Magic club
    5 p.m., 6:30 p.m. Brown County Public Library, 205 N. Locust Lane
  • September 2
    Euchre
    6 p.m. Sycamore Valley Center, 746 Memorial Drive (fairgrounds)
  • September 3
    Jeff Foster at Hobnob restaurant
    6 to 8 p.m. Hobnob, 17 W. Main St.
  • September 3
    Hamblen Fire Protection District
    7 p.m. Hamblen Fire Station, 4650 Sweetwater Trail, Nineveh
  • September 3
    Woodworkers club
    7 p.m. Brown County Public Library, 205 N. Locust Lane
  • September 4
    Go Club at the library
    3:30 to 5 p.m. Brown County Public Library, 205 N. Locust Lane
  • September 4
    Gospel jam session
    6:30 p.m. Country Gospel Music Church, 5181 State Road 46 East, Gnaw Bone5181 State Road 46 East, Gnaw Bone
  • September 4
    WRAPS meetings
    7 to 9 p.m. Brown County Public Library, 205 N. Locust Lane
  • September 5
    Bingo
    6 p.m. Fruitdale Fire Station, 5200 State Road 135 North, Bean Blossom
  • September 5
    Bean Blossom farmers market Friday
    4 to 7 p.m. St. David's Episcopal Church, State roads 135 North and 45, Bean Blossom
  • September 6
    Euchre
    6 p.m. Sycamore Valley Center, 746 Memorial Drive (fairgrounds)
  • September 6
    Dave Miller at Abe Martin Lodge
    5:30 to 7:30 p.m. Abe Martin Lodge, Brown County State Park
  • September 9
    Euchre
    6 p.m. Sycamore Valley Center, 746 Memorial Drive at the fairgrounds
  • September 9
    Friends of the Library: Author Perry to speak, sign books
    7 p.m. Brown County Public Library, 205 N. Locust Lane
  • September 11
    Gospel jam session
    6:30 p.m. Country Gospel Music Church, 5181 State Road 46 East, Gnaw Bone
  • September 12
    Bingo
    6 p.m. Fruitdale Fire Station, 5200 State Road 135 North, Bean Blossom
  • September 12
    Bean Blossom farmers market Friday
    4 to 7 p.m. St. David's Episcopal Church, State roads 135 North and 45, Bean Blossom
  • September 13
    Euchre
    6 p.m. Sycamore Valley Center, 746 Memorial Drive (fairgrounds)
  • September 13
    Second Saturday Village Art Walk
    5 to 8 p.m. Downtown Nashville
  • September 13
    Free community breakfast at Sprunica church
    8 to 10 a.m. Sprunica Baptist Church, 3902 Sprunica Road
  • September 13
    Dave Miller at Abe Martin Lodge
    5:30 to 7:30 p.m. Abe Martin Lodge, Brown County State Park
  • September 13
    Raptor center fundraiser at Abe Martin Lodge
    5 to 9 p.m. Brown County State Park, 1810 State Road 46 East
  • September 16
    Euchre
    6 p.m. Sycamore Valley Center, 746 Memorial Drive (fairgrounds)
  • September 18
    WRAPS meetings
    7 to 9 p.m. Brown County Public Library, 205 N. Locust Lane
  • October 11
    Free community breakfast at Sprunica church
    8 to 10 a.m. Sprunica Baptist Church, 3902 Sprunica Road
  • October 11
    Second Saturday Village Art Walk
    5 to 8 p.m. Downtown Nashville