081-18 - NJ-SP NOTICE TO TAXPAYERS OF ADDITIONAL APPROPRIATION OF BOND PROCEEDS
NOTICE TO TAXPAYERS OF ADDITIONAL APPROPRIATION
OF BOND PROCEEDS
Notice is hereby given to the taxpayers of North Judson-San Pierre School Corporation (the “School Corporation”) that the Board of School Trustees (the “Board”) of the School Corporation will meet at the usual meeting place of the Board at the Central Administration Office, North Judson, Indiana, at the hour of 7:00 p.m. on May 15, 2018, to consider the following additional appropriation of the General Obligation Bonds of 2018 which the Board has preliminarily determined to issue. The Board considers such additional appropriation necessary to meet the extraordinary emergency existing at this time:
An appropriation in the amount of $1,100,000 on account of the reimbursement of prior capital expenditures and the financing of technology, improvements and renovations at multiple school buildings within the North Judson-San Pierre School Corporation (the “Project”), including the incidental expenses necessary to be incurred in connection with the Project and the issuance of bonds on account thereof. The funds to meet such additional appropriation are to be provided by the issuance and sale of one or more series of General Obligation Bonds by the School Corporation.
The foregoing appropriation is in addition to all appropriations provided for in the existing budget and tax levy, and an extraordinary emergency for such appropriation exists by reason of the inadequacy of and need for repair and renovation of the present buildings to provide necessary school facilities in the School Corporation.
Taxpayers of the School Corporation appearing at the meeting shall have the right to be heard in respect to the additional appropriation.
Dated this 2nd day of May, 2018.
Board of School Trustees
North Judson-San Pierre School Corporation
081-18 G 05/02, 05/09