Whitko Community Schools Additional Appropriations
Posted
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NOTICE TO TAXPAYERS
OF ADDITIONAL APPROPRIATION
Notice is hereby given to the taxpayers of the school corporation known as Whitko Community School Corporation (the "School Corporation") that the Board of School Trustees (the "Board") of the School Corporation will meet at the administration offices, Larwill, Indiana, at the hour of 6:00 p.m. (Local Time) on September 17, 2018, to consider the following additional appropriation of the bonds (the "Bonds") 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 not to exceed $700,000 from the proceeds of the Bonds, and all investment earnings thereon, on account of the renovation of and improvements to school facilities, including the lease of modular classrooms, equipment and technology, and site improvements (the "Project") in the School Corporation, including the incidental expenses necessary to be incurred in connection with the Project and the issuance of Bonds on account thereof. The funds to meet such additional appropriation are to be provided by the issuance and sale of Bonds by the School Corporation.
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 school facilities in the School Corporation.
Taxpayers of the School Corporation appearing at said meeting shall have the right to be heard in respect to the additional appropriation.
