NOTICE OF (I) HEARING ON PROPOSED SCHOOL CONSTRUCTION PROJECT, (II) HEARING ON ADDITIONAL APPROPRIATION AND (III) DETERMINATION TO ISSUE BONDS Notice is hereby given that the Board of School Trustees of Taylor Community School Corporation (the "Board" and the "School Corporation", respectively) will hold separate public hearings in accordance with Indiana Code 20 26 7 37 (the "1028 Hearing") and Indiana Code 6-1.1-18-5 (the "Appropriation Hearing"), in the Taylor Board Room, 3750 E 300 S., Kokomo, Indiana 46902, at 5:30 p.m., on July 13, 2016. 1028 Hearing - The 1028 Hearing will be with respect to the School Corporation's proposal to construct the following improvements in the School Corporation, which are at a cost in excess of $1,000,000 but not in excess of $2,000,000: construction of school building improvements, the purchase and lease of equipment, the maintenance of existing equipment, the purchase of HVAC equipment and paving, all for the school buildings of the School Corporation (collectively, the "Project"). At the 1028 Hearing for the Project, the Board will give explanations of the potential value of the Project to the School Corporation and to the community, including the educational purposes of the Project and its estimated costs, tax impact, and funding sources, and interested parties may present testimony and questions concerning the proposed Project, including objections to and support for it. Appropriation Hearing - The Appropriation Hearing, which will immediately follow the 1028 Hearing, is with respect to consideration of the following additional appropriation in excess of the budget for the current year. CONSTRUCTION FUND Not to exceed $1,250,000 The foregoing appropriation is in addition to all appropriations provided for in the existing budget and tax levy, and an extraordinary emergency for such appropriation exists by reason of the necessity of constructing and acquiring the aforementioned school improvements. Taxpayers of the School Corporation appearing at said meeting shall have the right to be heard in respect to the additional appropriation. The additional appropriation, if finally made, will be reported to the Department of Local Government Finance, in accordance with Indiana Code 6-1.1-18-5. Notice of Determination to Issue Bonds - Taxpayers of the School Corporation are hereby further notified that the School Corporation has determined to issue general obligation bonds in accordance with Indiana Code 20-48-1-1, as amended, in the amount of not more than $1,250,000 for the purpose of providing funds for undertaking the Project. This notice of determination is provided by the School Corporation pursuant to Indiana Code 6-1.1-20-5. EXECUTED this 9th day of June, 2016. BOARD OF SCHOOL TRUSTEES OF TAYLOR COMMUNITY SCHOOL CORPORATION By: Bill Brubaker, Secretary K-483 6/16 6/23 hspaxlp 1202462
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