NOTICE OF PUBLIC HEARING CONCERNING APPROPRIATION OF PROCEEDS OF GENERAL OBLIGATION BONDS OF THE NORTH WEBSTER COMMUNITY PUBLIC LIBRARY, KOSCIUSKO COUNTY, INDIANA, AND INTEREST EARNINGS THEREON AND APPROPRIATION OF MONEY ON,

OR TO BE ON, DEPOSIT IN THE LIBRARY IMPROVEMENT RESERVE FUND

OF THE NORTH WEBSTER COMMUNITY PUBLIC LIBRARY,

KOSCIUSKO COUNTY, INDIANA

    The taxpayers of the North Webster Community Public Library, Kosciusko County, Indiana, Indiana (the “Public Library”), are hereby notified that the Board of Trustees of the Public Library (the “Board”) adopted a resolution on October 17, 2018 (the “2019 New Library Building Project Resolution”), authorizing the issuance of one or more series of general obligation bonds of the Public Library in an original aggregate principal amount not to exceed Four Million Six Hundred Twenty Thousand Dollars ($4,620,000) (collectively, the “2019 New Library Building Project Bonds”) for the purpose of procuring funds to pay for all or a portion of the 2019 New Library Building Project (as defined in the 2019 New Library Building Project Resolution) and the costs of issuance of the 2019 New Library Building Project Bonds.  At this same meeting, the Board adopted a resolution authorizing the appropriation of money currently, or to be, on deposit in the Public Library’s Library Improvement Reserve Fund (the “Library Improvement Reserve Fund”) in an amount not to exceed Three Hundred Eighty Thousand Dollars ($380,000) to pay for a portion of the costs of the 2019 New Library Building Project.

    Taxpayers of the Public Library are further notified that the Council of Kosciusko County, Indiana (the “County Council”) will hold a public hearing during the County Council meeting that will occur on November 8, 2018, at 7:00 p.m. (local time), in the Old Circuit Courtroom, which is located at 100 West Center Street, Third Floor, Warsaw, Indiana 46580, on the matter of appropriating (a) the proceeds of the 2019 New Library Building Project Bonds and investment earnings thereon in an amount not to exceed Four Million Six Hundred Twenty Thousand Dollars ($4,620,000) to pay for all or a portion of the costs of the 2019 New Library Building Project (the “2019 New Library Building Bond Appropriation”), and (b) the money currently, or to be, on deposit in the Library Improvement Reserve Fund in an amount not to exceed Three Hundred Eighty Thousand Dollars ($380,000) to pay for a portion of the costs of the 2019 New Library Building Project (the “2019 New Library Building LIRF Appropriation”). Said appropriations are in addition to all appropriations provided for in the existing budget and tax levy of the Public Library.  Funds to cover the 2019 New Library Building Bond Appropriation are to be provided from the proceeds of the 2019 New Library Building Project Bonds and investment earnings thereon.  Funds to cover the 2019 New Library Building LIRF Appropriation are to be provided from money currently, or to be, on deposit in the Library Improvement Reserve Fund.

    At said public hearing, all persons shall have the right to appear and be heard on the necessity of said appropriations.

    Dated this 24th day of October, 2018.

COUNCIL OF KOSCIUSKO COUNTY, INDIANA

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