Wawasee Warrants
May 7, 2020 at 11:57 a.m.
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NOTICE OF SALE OF WARRANTS
NOTICE is hereby given that Wawasee Community School Corporation (the “Issuer”) has authorized and will make one (1) or more temporary loans to meet current running expenses for the use of the Debt Service Fund and the Operations Fund of the Issuer, in aggregate amounts not to exceed the following:
Debt Service Fund [for Warrants issued in anticipation of the receipt of current tax revenues levied for the year 2019 and in the course of collection in 2020]: $7,394,271 maturing on June 30, 2020, December 31, 2020, or a date fixed by reference to the Issuer’s receipt in settlement of the funds in anticipation of which any Warrant is issued, or any combination thereof, as determined by the Issuer’s officer prior to their issuance; and
Operations Fund [for Warrants issued in anticipation of the receipt of current tax revenues levied for the year 2019 and in the course of collection in 2020]: $6,702,009 maturing on June 30, 2020, December 31, 2020, or a date fixed by reference to the Issuer’s receipt in settlement of the funds in anticipation of which any Warrant is issued, or any combination thereof, as determined by the Issuer’s officer prior to their issuance.
Such loans shall be at a per annum rate not to exceed four and one-half percent (4.5%) (the exact rate to be determined by negotiations with the Indiana Bond Bank (the “Bond Bank”)) subject also to, following their due date, an alternate rate as provided in a warrant purchase agreement entered into by the Issuer. The Issuer will issue temporary loan tax anticipation warrants to evidence such loans. The Issuer has appropriated and pledged the taxes and/or revenues to be received in such funds to the punctual payment of such warrants including the interest thereon. The Warrants will be sold to the Bond Bank, in Indianapolis, Indiana, pursuant to Indiana Code 5-1.5-8-1 on one (1) or more dates during 2020. Pursuant to Indiana Code 20-48-1-9, no action to contest the validity of such warrants may be brought later than fifteen (15) days from the first publication of this Notice.
5-13,20 hspaxlp
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NOTICE OF SALE OF WARRANTS
NOTICE is hereby given that Wawasee Community School Corporation (the “Issuer”) has authorized and will make one (1) or more temporary loans to meet current running expenses for the use of the Debt Service Fund and the Operations Fund of the Issuer, in aggregate amounts not to exceed the following:
Debt Service Fund [for Warrants issued in anticipation of the receipt of current tax revenues levied for the year 2019 and in the course of collection in 2020]: $7,394,271 maturing on June 30, 2020, December 31, 2020, or a date fixed by reference to the Issuer’s receipt in settlement of the funds in anticipation of which any Warrant is issued, or any combination thereof, as determined by the Issuer’s officer prior to their issuance; and
Operations Fund [for Warrants issued in anticipation of the receipt of current tax revenues levied for the year 2019 and in the course of collection in 2020]: $6,702,009 maturing on June 30, 2020, December 31, 2020, or a date fixed by reference to the Issuer’s receipt in settlement of the funds in anticipation of which any Warrant is issued, or any combination thereof, as determined by the Issuer’s officer prior to their issuance.
Such loans shall be at a per annum rate not to exceed four and one-half percent (4.5%) (the exact rate to be determined by negotiations with the Indiana Bond Bank (the “Bond Bank”)) subject also to, following their due date, an alternate rate as provided in a warrant purchase agreement entered into by the Issuer. The Issuer will issue temporary loan tax anticipation warrants to evidence such loans. The Issuer has appropriated and pledged the taxes and/or revenues to be received in such funds to the punctual payment of such warrants including the interest thereon. The Warrants will be sold to the Bond Bank, in Indianapolis, Indiana, pursuant to Indiana Code 5-1.5-8-1 on one (1) or more dates during 2020. Pursuant to Indiana Code 20-48-1-9, no action to contest the validity of such warrants may be brought later than fifteen (15) days from the first publication of this Notice.
5-13,20 hspaxlp
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