KOSCIUSKO COUNTY REDEVELOPMENT COMMISSION - ISSUE BONDS
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NOTICE OF DETERMINATION TO ISSUE BONDS OF THE KOSCIUSKO COUNTY REDEVELOPMENT COMMISSION Taxpayers of the Kosciusko County Redevelopment District ("District"), the boundaries of which are coterminous with the boundaries of Kosciusko County, Indiana ("County"), are hereby notified that the Kosciusko County Redevelopment Commission ("Commission") did, on the 20th day of August, 2015, adopt a resolution determining to issue bonds of the Commission, acting in the name of the County, in an aggregate principal amount not to exceed $900,000, in one or more series, to finance the construction of road, fiber optics and infrastructure improvements, including all appurtenances, related improvements and equipment in, serving or benefitting the Co-Op Economic Development Area ("Area"), and including incidental expenses incurred in connection with the economic development of the Area and costs associated with the issuance of the bonds, including a debt service reserve and capitalized interest. The bonds are payable from a special benefits tax levied on all taxable property in the District. The bonds are to bear interest at a rate or rates not to exceed 6% per annum, and will mature semiannually on February 1 and August 1 over a period ending no later than twenty-five (25) years after the date of issuance of the first series of bonds. Dated: August 26, 2015. KOSCIUSKO COUNTY REDEVELOPMENT COMMISSION 8-26, 9-2 hspaxlp
