Community Room, 817 South Main Street, Tipton, IN 46072
Tuesday, April 12, 2022
- 5:30pm - 6:30pm
On February 8, the TCSC Board of Trustees determined the need exists for 2022 High School Renovation Project, the 2022 Elementary School Renovation Project, the 2022 Outdoor and Extra-Curricular/Co-Curricular Facility Improvement Project, the 2023 Middle School Renovation Project, and the 2024 High School Renovation Project. In order to finance these projects the TCSC Board Trustees has requested the Building Corporation to enter into the 2022 Amendment to Leases in order to finance all or any portion of the 2022-2024 Projects through the sell of bonds. Do I have a motion to approve the attached resolution?
The attached document outlines the Third Supplemental Trust Indenture by and between the Tipton Community School Building Corporation and US Bank and Trust Company, National Association for First Mortgage Bonds, Series 2022A, First Mortgage Bonds, Series 2022B, and First Mortgage Bonds, Series 2022C (this is a draft of the document that will be completed once the three series of the 2022 Bonds are sold and prior to closing). Do I have a motion to approve the Supplemental Trust document?