NOTICE OF EXECUTION OF LEASE BETWEEN
ROACHDALE-FRANKLIN TOWNSHIP PUBLIC LIBRARY AND
ROACHDALE-FRANKLIN TOWNSHIP PUBLIC LIBRARY BUILDING CORPORATION
Pursuant to action previously taken by the Board of Trustees (the “Board”) of Roachdale-Franklin Township Public Library (the “Library”), a lease between the Library and Roachdale-Franklin Township Public Library Building Corporation was executed and entered into on April 15, 2025. The lease covers the site of proposed renovation of the existing Roachdale-Franklin Township Public Library in Roachdale, Indiana. A copy of such lease is on file at the Library located at 100 E. Washington Street, Roachdale, Indiana, and is available for inspection during normal business hours.
Dated this 18th day of April, 2025.
/s/ Secretary, Board of Trustees
Secretary, Board of Trustees
Roachdale-Franklin Township Public Library
NOTICE*
Notice is hereby given that the Board of Directors (the “Board” or “Directors”) of the Roachdale-Franklin Township Public Library Leasing Corporation (the “Leasing Corporation”) shall convene on April 15, 2025 at 6:30 p.m. at the Roachdale-Franklin Township Public Library, 100 E. Washington St, Roachdale, Indiana to consider the form of the proposed Lease Agreement to be entered into between the Leasing Corporation and Roachdale-Franklin Township Public Library (the “Library”), including the plans referred to therein, and made a part thereof, and the proposed Trust Indenture and the issuance of the Ad Valorem Property Tax First Mortgage Bonds, Series 2025 (or such other name or series designation as determined by the Library’s municipal advisor) by the Leasing Corporation.
Roachdale-Franklin Township Public Library Leasing Corporation
Please note that the Open Meeting
Law must be followed (IC 5‑14‑1.5)
by the Leasing Corporation.
NOTICE TO TAXPAYERS
OF ADDITIONAL APPROPRIATION
Notice is hereby given to the taxpayers of the library district known as Roachdale-Franklin Township Public Library (the “Library”) that the Board of Trustees (the “Board”) of the Library will meet at 100 E. Washington St., Roachdale, Indiana, at the hour of 5:30 p.m. (Local Time) on April 15, 2025, 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 of $1,620,000 on account of the renovation of and improvements to the Roachdale-Franklin Township Public Library, including site improvements, and the purchase of equipment and technology, including the incidental expenses necessary to be incurred in connection with said project. The funds to meet such additional appropriation are to be provided by the sale of real estate to a not for profit Library Leasing 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 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.
Dated this 1st day of April, 2025.
/s/ Secretary, Board of Trustees
Roachdale-Franklin Township Public Library
NOTICE OF HEARING ON PROPOSED LEASE
ROACHDALE-FRANKLIN TOWNSHIP PUBLIC LIBRARY
You are hereby notified that a public hearing will be held before the Board of Trustees (the “Board”) on April 15, 2025 at the hour of 5:30 p.m. (Local Time) at the Library Building located at 100 E. Washington St., Roachdale, Indiana, upon, a proposed lease agreement (the “Lease”) to be entered into between Roachdale-Franklin Township Public Library Leasing Corporation (the “Building Corporation”), as lessor, and Roachdale-Franklin Township Public Library (the “Library”), as lessee.
The proposed Lease upon which hearing will be held is for a term of twenty-two (22) years, commencing with the acquisition of title by the Roachdale-Franklin Township Public Library building to be renovated by the Building Corporation. The Lease provides for rental during renovation in the amount of up to $114,500 per payment payable on June 30 and December 31 beginning on June 30, 2026 until completion of the renovations. Thereafter, the Lease provides for a maximum annual rental of $229,000, payable on June 30 and December 31 of each year during the term of the Lease, commencing with the completion of the building or June 30, 2027, whichever is later. As additional rental, the Library shall maintain insurance on the building as required in the Lease, shall pay all taxes and assessments against such property, as well as the cost of alterations and repairs, and shall pay rebate amounts to the United States Treasury, as necessary. After the sale by the Building Corporation of its ad valorem property tax first mortgage bonds to pay for the cost of the building, including the acquisition of the sites thereof and other expenses incidental thereto, the annual rental shall be reduced to an amount equal to the multiple of $1,000 next higher than the sum of principal and interest due on such bonds in each twelve-month period ending on January 15 plus $5,000, payable in equal semiannual installments.
The Lease gives an option to the Library to purchase the property on any rental payment date.
The building to be renovated, as the leased premises, will be the Roachdale-Franklin Township Public Library building in the Library located at 100 E. Washington St., Roachdale, Indiana.
The drawings, plans and specifications, including the estimates for the cost of said renovation as well as a copy of the proposed Lease, are available for inspection by the public on all business days, during business hours, at the Library Building located at 100 E. Washington St., Roachdale, Indiana 47960.
At such hearing all persons interested shall have a right to be heard upon the necessity for the execution of the Lease, and upon whether the Lease rental provided for therein to be paid to the Building Corporation is a fair and reasonable rental for the proposed building. Such hearing may be adjourned to a later date or dates, and following such hearing the Board of the Library may either authorize the execution of the Lease as originally agreed upon or may make modifications therein as may be agreed upon with the Building Corporation.
Dated this 14th day of March, 2025.
/s/ Secretary, Board of Trustees
Roachdale-Franklin Township Public Library
NOTICE TO TAXPAYERS
OF ADDITIONAL APPROPRIATION
Notice is hereby given to the taxpayers of the library known as Roachdale-Franklin Township Public Library (the “Library”) that the Putnam County Council (the “Council”) will meet in the Putnam County Courthouse at One Courthouse Square, Greencastle, Indiana, at the hour of 6:30 p.m. (local time) on March 18, 2025, to consider the following additional appropriation which the Board considers necessary to meet the need existing at this time:
An appropriation in the amount of $1,620,000 on account of the renovation of and improvements to the Roachdale-Franklin Township Public Library, including site improvements, and the purchase of equipment and technology, including the incidental expenses necessary to be incurred in connection with said project. The funds to meet such additional appropriation are to be provided by the sale of real estate to a not for profit Library Leasing 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 library facilities in the library.
Taxpayers of the Library appearing at said meeting shall have the right to be heard in respect to said additional appropriation.
Dated this 7th day of March, 2025.
/s/ County Auditor, Putnam County, Indiana
NOTICE
Pursuant to Indiana Code § 6-1.1-20-5, notice is hereby given that the Board of Trustees of the Roachdale-Franklin Township Public Library has preliminarily determined to enter into a lease agreement and issue bonds in one or more series in the aggregate principal amount of $1,620,000 to fund the renovation of and improvements to the Roachdale Public Library, including site improvements and the purchase of equipment and technology.
Dated: February 28, 2025
/s/ Secretary, Board of Trustees
Roachdale-Franklin Township Public Library
NOTICE TO TAXPAYERS OF ADDITIONAL APPROPRIATION
Notice is hereby given to the taxpayers of the library known as Roachdale-Franklin
Township Public Library (the “Library”) that the Putnam County Council (the “Council”) will
meet in the Putnam County Courthouse at One Courthouse Square, Greencastle, Indiana, at the
hour of 6:30 p.m. (local time) on December 17, 2024, to consider the following additional
appropriation which the Board considers necessary to meet the need existing at this time:
An appropriation in the amount of $1,620,000 on account of the renovation of and
improvements to the Roachdale-Franklin Township Public Library, including site improvements, and the purchase of equipment and technology, including the incidental expenses necessary to be incurred in connection with said project. The funds to meet such additional appropriation are to be provided by the sale of real estate to a not for profit Library Leasing 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 library facilities in the library.
Taxpayers of the Library appearing at said meeting shall have the right to be heard in
respect to said additional appropriation.
Dated this 26th day of November, 2024.
/s/ County Auditor, Putnam County, Indiana
NOTICE OF PUBLIC HEARINGS
Pursuant to Indiana Code § 6-1.1-20-3.1, notice is hereby given that the Board of Trustees (the “Board”) of the Roachdale-Franklin Township Public Library will meet at 5:30 p.m. on October 21, 2024 and at 5:30 p.m. on October 28, 2024, at 100 E. Washington St., Roachdale, Indiana to hold public hearings.
On October 21, 2024, the Board will hold a public hearing to discuss and hear objections and support regarding the proposed renovation of and improvements to the Roachdale Public Library, including site improvements and the purchase of equipment and technology (the “Project”).
On October 28, 2024, the Board will hold a second public hearing to discuss and hear objections and support regarding the proposed Project and will also consider the adoption of a resolution making a preliminary determination to issue bonds to finance the Project. You are invited to attend and participate in the public hearings.
Dated October 8, 2024.
Secretary, Board of Trustees
Roachdale-Franklin Township Public Library