Owners of real property in the Park District (the “Park District”) of the City of Warsaw, Indiana (the “City”), are hereby notified that on February 21, 2023, the Park and Recreation Board (the “Board”) of the Park District, adopted a resolution determining to issue bonds of the Park District, in an original aggregate principal amount not to exceed $2,800,000 (the “Bonds”). The proceeds of the Bonds will be used for the purpose of providing for the payment of (i) the costs of construction and equipping of a new maintenance garage and administration offices for use by the City’s Parks and Recreation Department, and (ii) the costs of selling and issuing the Bonds.
The Bonds shall be payable from a special tax levied and collected on all taxable property within the geographical boundaries of the Park District pursuant to Indiana Code § 36-10-3-27.
This notice is being published and posted in accordance with the provisions of Indiana Code § 6-1.1-20-5.
