Legal Advertisement
NOTICE OF EXECU-
TION OF LEASE BE-
TWEEN BARGERSVILLE
COMMUNITY FIRE PRO-
TECTION DISTRICT
BUILDING CORPORA-
TION AND THE
BARGERSVILLE COM-
MUNITY FIRE PROTEC-
TION DISTRICT, JOHN-
SON COUNTY, INDIANA
The Board of Fire Trus-
tees of the Bargersville
Community Fire Protection
District, Johnson County,
Indiana (the District),
have executed a Lease,
dated as of May 26, 2026,
by and between the
Bargersville Community
Fire Protection District
Building Corporation (the
Corporation), as lessor,
and the District, as lessee
(the Lease), with respect
to the financing of the (1)
the financing of the acqui-
sition, construction, instal-
lation, and equipping of
one or more new fire sta-
tions and any related im-
provements, and (2) the
acquisition by the
Bargersville Community
Fire Protection District
Building Corporation (the
Building Corporation) of
the real estate upon which
such new fire stations and
related equipment and fix-
tures will be located in-
cluding the site and the
appurtenances thereto
(such real estate and the
appurtenances thereto,
the Premises) (clauses
(1) and (2) collectively, the
Project). The Existing
Real Estate is located
generally at 3991 N. State
Road 135, Franklin, IN
and W. Division Rd,
Franklin, IN (parcels:
41-09-24-022-006.000-036, 41-09-24-022-
007.000-036).
The leased premises
(the Premises) under the
Lease consists of the
Existing Real Estate and
the Project. The proposed
lease is for a term of up to
twenty (20) years com-
mencing on the date of is-
suance of bonds of the
Corporation to finance the
Project (the Bonds). The
annual lease rental will not
exceed $1,900,000 paya-
ble in semiannual install-
ments on June 30 and De-
cember 30 of each year
during the term of the
Lease. Each rental install-
ment shall be based on
the value of the portion of
the Premises which will be
complete and ready for
use and occupancy by the
District at the time such
semi-annual installment is
made. As additional rental,
the District shall maintain
insurance on the Premises
as required in the Lease
and shall pay all taxes and
assessments against such
property, as well as the
cost of alterations and re-
pairs. After the sale of the
Bonds, the yearly rental,
payable in semiannual in-
stallments on each June
30 and December 30 shall
be reduced to the multiple
of $1,000 next higher than
the principal and interest
due on the Bonds in each
twelve-month period com-
mencing on June 30 or
December 30, as applica-
ble, plus $5,000, payable
in such semiannual install-
ments. The District shall
pay such lease rentals
solely from the revenues
of an ad valorem tax lev-
ied by the District on all
taxable property in the
District pursuant to the
Ind. Code 36-1-10-17,
as amended.
The Lease gives an op-
tion to the District to pur-
chase the Premises. The
Project will be used for the
purposes of providing fire
protection, emergency
medical services, first re-
sponse services, and spe-
cial operation rescues to
the District.
Dated this 26th day of
May, 2026.
BOARD OF FIRE
TRUSTEES OF THE
BARGERSVILLE
COMMUNITY FIRE
PROTECTION DISTRICT,
JOHNSON COUNTY,
INDIANA
60160804
(J) 05-30-2026