Taxpayers of the Town of Dyer ...
Taxpayers of the Town of Dyer ...
Taxpayers of the Town of Dyer Park and Recreation District ("District") and all other persons affected hereby are notified that the Park and Recreation Board ("Board") of the District, at a meeting held on September 5, 2024, adopted a Declaratory and Preliminary Determination Resolution ("Resolution") preliminarily finding that it will be of public utility and benefit to the citizens and the taxpayers of the District to complete certain park improvements in the District, including one or more of the following: Heritage Estates Park improvements, Eberly Park improvements, Cottonwood Park improvements, Central Park improvements, 2728 Hart Street Property acquisition and property improvements, miscellaneous items including but not limited to landscaping, equipment maintenance, parking lot upgrades at Northgate Park, security upgrades at park facilities, picnic tables, benches, signage, general park improvements, and maintenance for all parks and all expenses related to selling the Bonds, including, but not limited to, Financial Advisors, Bond Counsel, Local Counsel, publications, and registration, together with necessary appurtenances, related improvements and equipment, each as more fully described in the Resolution (collectively, "Projects"), all in accordance with the preliminary plans placed on file with the Board. The estimated cost of the Projects is in an amount not to exceed Two Million Dollars ($2,000,000).
All of the preliminary plans and specifications and cost estimates have been approved and adopted by the Board; those materials and a copy of the Resolution are on file and may be inspected at the office of the Board.
Notice is further given that the Board did on September 5, 2024 make a preliminary determination to issue bonds in an aggregate amount not to exceed Two Million Dollars ($2,000,000) for the purpose of providing funds to be applied on the costs of the Projects and all expenses incurred in connection with the issuance of bonds therefor, including a premium for municipal bond insurance, if necessary, to be designated as "[Taxable] Park District Bonds of 2024" ("Bonds"). The Bonds are to bear interest at a rate or rates not to exceed 6% per annum (the exact rate or rates to be determined by bidding or negotiation with the purchaser of the Bonds), will mature over a term ending no later than January 15, 2029 and are payable from the special benefits tax levied in the manner provided by IC 36-10-3 and other applicable statutes.
Notice is further given that commencing at 6:30 p.m. on October 3, 2024, in the Town Hall, One Town Square, Dyer, Indiana, the Board will receive and hear remonstrances from persons interested in or affected by the proposed Projects and will determine the public utility and benefit thereof. At the time fixed for the hearing, or at any time prior to the hearing, any person owning real or personal property located within the corporate boundaries of the District or any owner of land to be injuriously affected under the Resolution may file a written remonstrance with the Board.
Further notice is given that at the time and location set forth above the Board will also conduct public hearings on: (i) the issuance of the Bonds to disclose the purposes of the Bonds; and (ii) to consider an additional appropriation of funds of the District in an amount not to exceed Two Million Dollars ($2,000,000) to provide funds to be applied on the cost of the Projects, and the incidental expenses in connection therewith and on account of the issuance of the Bonds, including a premium for municipal bond insurance, if necessary. The funds to meet this appropriation are to be provided by the issuance and sale of the Bonds in an aggregate principal amount not to exceed Two Million Dollars ($2,000,000). The foregoing appropriation is in addition to all appropriations provided for in the existing budgets and levies of the District. Taxpayers of the District appearing at the hearing shall have a right to be heard in respect of this additional appropriation. Notice of the additional appropriation, if finally made, will be certified to the Department of Local Government Finance in accordance with IC 6-1.1-18-5.
At such hearings, which may be adjourned from time to time, the Board will hear all persons interested in said proceedings and all remonstrances as shall have been filed. After considering this evidence, the Board will take final action determining the public utility and benefit of the proposed Projects and either confirm, modify and confirm, or rescind the Resolution.
Dated September 13 and 20, 2024.
DYER PARK AND RECREATION BOARD
Taxpayers of the Town of Dyer Park and Recreation District ("District") and all other persons affected hereby are notified that the Park and Recreation Board ("Board") of the District, at a meeting held on September 5, 2024, adopted a Declaratory and Preliminary Determination Resolution ("Resolution") preliminarily finding that it will be of public utility and benefit to the citizens and the taxpayers of the District to complete certain park improvements in the District, including one or more of the following: Heritage Estates Park improvements, Eberly Park improvements, Cottonwood Park improvements, Central Park improvements, 2728 Hart Street Property acquisition and property improvements, miscellaneous items including but not limited to landscaping, equipment maintenance, parking lot upgrades at Northgate Park, security upgrades at park facilities, picnic tables, benches, signage, general park improvements, and maintenance for all parks and all expenses related to selling the Bonds, including, but not limited to, Financial Advisors, Bond Counsel, Local Counsel, publications, and registration, together with necessary appurtenances, related improvements and equipment, each as more fully described in the Resolution (collectively, "Projects"), all in accordance with the preliminary plans placed on file with the Board. The estimated cost of the Projects is in an amount not to exceed Two Million Dollars ($2,000,000).
All of the preliminary plans and specifications and cost estimates have been approved and adopted by the Board; those materials and a copy of the Resolution are on file and may be inspected at the office of the Board.
Notice is further given that the Board did on September 5, 2024 make a preliminary determination to issue bonds in an aggregate amount not to exceed Two Million Dollars ($2,000,000) for the purpose of providing funds to be applied on the costs of the Projects and all expenses incurred in connection with the issuance of bonds therefor, including a premium for municipal bond insurance, if necessary, to be designated as "[Taxable] Park District Bonds of 2024" ("Bonds"). The Bonds are to bear interest at a rate or rates not to exceed 6% per annum (the exact rate or rates to be determined by bidding or negotiation with the purchaser of the Bonds), will mature over a term ending no later than January 15, 2029 and are payable from the special benefits tax levied in the manner provided by IC 36-10-3 and other applicable statutes.
Notice is further given that commencing at 6:30 p.m. on October 3, 2024, in the Town Hall, One Town Square, Dyer, Indiana, the Board will receive and hear remonstrances from persons interested in or affected by the proposed Projects and will determine the public utility and benefit thereof. At the time fixed for the hearing, or at any time prior to the hearing, any person owning real or personal property located within the corporate boundaries of the District or any owner of land to be injuriously affected under the Resolution may file a written remonstrance with the Board.
Further notice is given that at the time and location set forth above the Board will also conduct public hearings on: (i) the issuance of the Bonds to disclose the purposes of the Bonds; and (ii) to consider an additional appropriation of funds of the District in an amount not to exceed Two Million Dollars ($2,000,000) to provide funds to be applied on the cost of the Projects, and the incidental expenses in connection therewith and on account of the issuance of the Bonds, including a premium for municipal bond insurance, if necessary. The funds to meet this appropriation are to be provided by the issuance and sale of the Bonds in an aggregate principal amount not to exceed Two Million Dollars ($2,000,000). The foregoing appropriation is in addition to all appropriations provided for in the existing budgets and levies of the District. Taxpayers of the District appearing at the hearing shall have a right to be heard in respect of this additional appropriation. Notice of the additional appropriation, if finally made, will be certified to the Department of Local Government Finance in accordance with IC 6-1.1-18-5.
At such hearings, which may be adjourned from time to time, the Board will hear all persons interested in said proceedings and all remonstrances as shall have been filed. After considering this evidence, the Board will take final action determining the public utility and benefit of the proposed Projects and either confirm, modify and confirm, or rescind the Resolution.
Dated September 13 and 20, 2024.
DYER PARK AND RECREATION BOARD
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