Notice is hereby given to the taxpayers of the library district known as Linden Carnegie Public Library that the Board of Trustees of said Library will meet at 102 South Main Street, Linden, Indiana, at the hour of 5:30 p.m. (Local Time) on January 13, 2020, to consider the following additional appropriation of the proceeds of a general obligation refunding bond, which the Library has determined to issue and which said Board considers necessary to meet the following need existing at this time:
An appropriation in an amount not to exceed $500,000 on account of the exercise of the Library’s option to repurchase the real estate including the Library building at 102 South Main Street, Linden, Indiana, from Linden Carnegie Public Library Building Corporation, thereby refinancing said Building Corporation’s First Mortgage Bonds Series 2006, including the incidental expenses necessary to be incurred in connection with said refinancing. The funds to meet such additional appropriation are to be provided by the issuance and sale of a general obligation bond by the Library.
The foregoing appropriation is in addition to all appropriations provided for in the existing budget and tax levy, and some urgency for such appropriation exists in order to reduce the total debt service repayment by the Library.
Taxpayers of said Library district appearing at said meeting shall have the right to be heard in respect to said additional appropriation.
Dated this 18th day of December, 2020.
/s/ Moina Buckles
Secretary, Board of Trustees
Linden Carnegie Public Library
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