101-20 - NOTICE OF DETERMINATION TO ISSUE BONDS

NOTICE OF DETERMINATION TO ISSUE BONDS

Taxpayers of the Francesville-Salem Township Public Library (the “Library”) are hereby notified that the Library has determined to issue general obligation bonds in accordance with Indiana Code 36-12-3 in the amount of not more than $700,000 for the purpose of providing funds to be applied on the cost of acquiring property, constructing, extending, altering, improving, remodeling, and equipping renovations to the Library, including addressing basement water infiltration, sealing the building envelope, HVAC improvements, roofing improvements, window upgrades, new carpeting, door improvements, new furniture, additional storage, office space expansion, lighting improvements, sump pump improvements, signage improvements, elevator maintenance and wall plaster improvements, and incidental expenses in connection therewith and on account of the issuance of the bonds including, if necessary, capitalized interest. The bonds will be payable from an ad valorem property tax levy, as more particularly described in the resolution authorizing the issuance of the bonds. This notice is provided in accordance with IC 6-1.1-20-5.

Dated: June 17, 2020

/s/ Darlene Mellon

Secretary, Board of Trustees

Francesville-Salem Township Public Library

101-20 G 06/17, 06/24