Legal Advertisement NOTICE OF HEARING ON PROPOSED AMENDMENT

Legal Advertisement
NOTICE OF HEARING
ON PROPOSED
AMENDMENT TO LEASE
Greenwood Community
School Corporation

You are hereby notified
that a public hearing will
be held before the Board
of School Trustees (the
"Board") of Greenwood
Community School Corpo-
ration (the "School Corpo-
ration") on November 17,
2026, at the hour of 7:00
p.m. (Local Time) at the
School Corporation's Ad-
ministration Building, 605
West Smith Valley Road,
Greenwood, Indiana, upon
a proposed Amendment to
Lease (the "Amendment")
to be entered into between
Greenwood School Build-
ing Corporation (the
"Building Corporation"), as
lessor, and the School
Corporation, as lessee.
The meeting will also be
available to stream live
from https://www .
youtube.com/@greenwoodcommunityschoolco290/streams
The proposed Amend-
ment on which the hearing
will be held amends the
existing Lease Agreement
originally executed April
19, 2022 (the "Original
Lease," and together with
the Amendment collec-
tively, the "Lease"). The
Amendment extends the
term of the Original Lease,
increases the rent payable
thereunder and adds real
estate to the property
which is subject to the
Lease (the "Leased Prem-
ises"), in exchange for the
renovation of and im-
provements to the Leased
Premises. The Amend-
ment extends the term of
the Lease to December
31, 2048, or the final ma-
turity of the Building Cor-
porations Bonds, which-
ever is the first to occur,
and provides for rent in
the form of rent during ren-
ovation of the Leased
Premises for an amount
up to $1,400,000 per pay-
ment payable on June 30
and December 31 beginn-
ing on June 30, 2027, until
completion of the con-
struction, renovations of
and improvements to the
Leased Premises.
Thereafter, the Lessee
agrees to pay rental for
the Leased Premises at
the rate of $2,800,000 per
year during the term of the
Lease. The first rental in-
stallment shall be due on
the day that the buildings
to be constructed, reno-
vated and equipped on the
Leased Premises are
completed and ready for
occupancy or June 30,
2029, whichever is later.
As additional rental, the
School Corporation shall
maintain insurance on the
Leased Premises as re-
quired in the Lease, shall
pay all taxes and assess-
ments against the Leased
Premises, as well as the
cost of alterations and re-
pairs, and shall pay rebate
amounts to the United
States Treasury, if neces-
sary. After the sale by the
Building Corporation of its
Ad Valorem Property Tax
First Mortgage Bonds,
Series 2026 (the "Bonds")
to pay for the cost of the
renovation and improve-
ments, including any other
expenses incidental
thereto, the annual in-
creased lease rental
stated above shall be re-
duced to an amount equal
to the multiple of $1,000
next higher than the sum
of principal and interest
due on the Bonds in each
twelve-month period end-
ing on January 15 plus
$5,000, payable in equal
semiannual installments.
The Lease gives an op-
tion to the School Corpo-
ration to purchase the
Leased Premises on any
lease rental payment date.
The Leased Premises
to be renovated pursuant
to the Amendment con-
sists of (i) a portion of the
existing Greenwood High
School building located at
615 West Smith Valley
Road, Greenwood, Indi-
ana, and (ii) the pool facil-
ity at the Greenwood High
School located at 615
West Smith Valley Road,
Greenwood, Indiana, each
within the School
Corporation's boundaries.
The plans and the esti-
mates for the cost of the
construction, renovation
and improvements, as well
as a copy of the proposed
Amendment, are available
for inspection by the public
on all business days, dur-
ing business hours, at the
Administration Building of
the School Corporation,
605 West Smith Valley
Road, Greenwood, Indi-
ana.
At the hearing all per-
sons interested shall have
a right to be heard upon
the necessity for the exe-
cution of the Amendment,
and upon whether the in-
creased lease rental pro-
vided for therein to be paid
to the Building Corporation
is a fair and reasonable
rental for the proposed
construction, renovations
and improvements to the
Leased Premises. The
hearing may be adjourned
to a later date or dates,
and following such hearing
the Board may either au-
thorize the execution of
the Amendment as origi-
nally agreed upon or may
make modifications
therein as may be agreed
upon with the Building
Corporation.

Dated: October 16, 2026
/s/ Secretary, Board of
School Trustees
Greenwood Community
School Corporation
60164383
(J) 10-16-2026