Notice is hereby given to the taxpayers of the library known as South Whitley Community Public Library (the "Library") that the Board of Trustees (the "Board") of the Library will meet at 201 East Front Street, South Whitley, Indiana, at the hour of 6:00 p.m. (Local Time) on May 9, 2019, to consider the following additional appropriation of a note (the "Note") which the Board has determined to issue. The Board considers such additional appropriation necessary to meet the need existing at this time:
An appropriation in the amount of $300,000 from the proceeds of the Note, and all investment earnings thereon, on account of the renovation of and improvements to South Whitley Community Public Library (the "Project") in the library district, including the incidental expenses necessary to be incurred in connection with the Project and the issuance of the Note on account thereof. The funds to meet such additional appropriation are to be provided by securing the Note by the Library.
The foregoing appropriation is in addition to all appropriations provided for in the existing budget and tax levy, and a need for such appropriation exists by reason of the inadequacy of the present buildings to provide necessary library facilities in the library district.
Taxpayers of the library district appearing at the meeting shall have the right to be heard in respect to said additional appropriation.
