The Press-Dispatch
Issue link: https://www.ifoldsflip.com/i/1111651
The Press-Dispatch Classifieds Wednesday, May 1, 2019 B- 9 An at-a-glance look at products and services offered by local businesses. 812-354-6119 • 812-354-4541 Visit us online at www.getreeservice.com tree trimming tree removal stump removal storm Damage specialist Financing Available for Homeowners fully licensed & insured GE trEE sErvicE SENIOR DISCOUNTS LOW PRICE GUARANTEE We'll beat any competitor's advertised price! TREE SERVICES INSURANCE State Farm, Home Office, Bloomington, IL Dale Grinstead State Farm Agent 211 W. Morton Oakland City, IN Bus: 812-749-6155 dale.grinstead.bylw@statefarm.com dack.mathis.uy0i@statefarm.com Call 317-650-4086 (cell) Call Today! We believe that right Insurance Plan is the one that meets your needs. 60-Year-Old Company Providing Health Insurance Strategies for Farmers, Ranchers and Self-Employed Businesses Are You Paying Too Much? If your answer to this question is "yes," THE BUSINESS CONTRACTORS LAWN CARE www.lan-contech.com lan.contech@gmail.com Local Contractor / Free Es mates / Warran es Call the pros at 812-481-2756 LLC HOME REMODELING • WET BASEMENTS CRACKED OR BOWING WALLS STICKING DOORS • UNEVEN CONCRETE BASEMENT FINISH OUTS Lawn Care • Satisfaction Guaranteed • Free Estimates • Yard Mowing/Trimming • Landscape Maintenance • Spring and Fall Clean-up • Brush Clearing Let Me take care of all your lawn needs! Call or text Ty Burns at 812-582-5236 T B C & Z Roofing 1-812-582-2440 Shingle • Metal • Guttering Cody Caldemeyer FREE ESTIMATES c.zroofing14@gmail.com LEROY DUNCAN ( 812 ) 849-6924 • Mitchell, IN •••• FREE ESTIMATES •••• • SILLS, FLOOR JOISTS & BASEMENT WALLS REPLACED. • FOUNDATIONS BUILT UNDER EXISTING HOMES IN BUSINESS SINCE 1966 BASEMENTS & FOUNDATIONS WATERPROOFED Triple care Mowing Shrub Trimming Mulch Landscape Rock and more! Call or text today for a free estimate! 812-766-3787 No Sunday calls, please! Rates as low as $25! Fully insured! AUCTION AND REALTY Specializing in: • Real Estate • Personal Property Estates • Farm & Equipment Auctions 812-598-3936 Call today to schedule your auction Auction pickups available Lic. #AU10800006 PUBLIC AUCTION Thur., May 9 • 4:30 p.m. CDT • 114 E. SR 68, Lynnville Evansville Collection: Glassware, Antiques, Collectibles, Framed Artwork, Home Decor, Kitchenware and more MCCLURE ESTATE AUCTION MAY 4 • 10am EDT On Site: 6159 S. Augusta Washington St., Winslow Auction pick-up available! KALEB CLARIDGE AU11700062 Follow on Auctionzip.com • ID# 46613 • Real Estate, Antiques, Tools and Collectibles. No auction is too big or too small. Claridge Auction can do it all! CALL TODAY TO SCHEDULE YOUR AUCTION! No Buyer's Premium. it takes 3 minutes to subscribe to Call 812-354-8500 SUBSCRIBE TODAY! LEGALS LEGALS LIST YOUR BUSINESS HERE. CALL 812-354-8500 TODAY Life Milestones made free CALL: 812-354-8500 Put a free photo with write up on Weddings, Anniversaries & Engagements. NOTICE OF INTENT TO SELL BONDS $3,695,000 GENERAL OBLIGATION BONDS OF 2019 PIKE COUNTY SCHOOL CORPORATION Upon not less than twenty-four (24) hours' notice given by the undersigned Secretary prior to the ninetieth day aer this notice is first published, Pike County School Corporation (the "School Corporation") will receive and consider bids for the purchase of the following described Bonds. Any person interested in submitting a bid for the Bonds may furnish in writing to the School Corporation c/o Baker Tilly Municipal Advisors, LLC ("Baker Tilly"), 8365 Keystone Crossing, Suite 300, Indianapolis, Indiana 462402687; (317) 4651500, or by e-mail to bids@bakertilly.com, on or before 11:00 a.m. (Indianapolis Time) May 7, 2019, the person's name, address, and telephone number. Interested persons may also furnish an email address. e undersigned Secretary will notify (or cause to be notified) each person so registered of the date and time bids will be received not less than twenty-four (24) hours before the date and time of sale. e notification shall be made by telephone at the number furnished by such person and also by email, if an email address has been received. Notice is hereby given that electronic proposals will be received via PARITY®, in the manner described below, until the time and date specified in the Notice provided at least 24 hours prior to the sale, which is expected to be 11:00 a.m. (Indianapolis Time), on May 15, 2019. Bids may be submitted electronically via PARITY® pursuant to this Notice until the time specified in this Notice, but no bid will be received aer the time for receiving bids specified above. To the extent any instructions or directions set forth in PARITY® conflict with this Notice, the terms of this Notice shall control. For further information about PARITY®, potential bidders may contact the School Corporation's municipal advisor, Baker Tilly at (317) 4651500 or PARITY® at (212) 8495021. At the time designated for the sale, the School Corporation will receive at the offices of Baker Tilly Municipal Advisors, LLC, 8365 Keystone Crossing, Suite 300, Indianapolis, Indiana, and consider bids for the purchase of the following described Bonds: Pike County School Corporation General Obligation Bonds of 2019 (the "Bonds"), an Indiana political subdivision, in the principal amount of $3,695,000; Fully registered form; Denomination $5,000 and integral multiples thereof (or in such other denomination as requested by the winning bidder); Originally dated the date of delivery of the Bonds; Bearing interest at a rate or rates to be determined by bidding, payable on July 15, 2020, and semiannually thereaer; ese Bonds will be initially issued in a Book Entry System (as defined in the Bond Resolution (as hereinaer defined)) unless otherwise requested by the winning bidder. Interest payable by check mailed one business day prior to the interest payment date or by wire transfer to depositories on the interest payment date to the person or depository in whose name each Bond is registered with Old National Wealth Management on the fieenth day immediately preceding such interest payment date; Maturing or subject to mandatory redemption on January 15 and July 15 beginning on July 15, 2025 through no later than January 15, 2030 on the dates and amounts as provided by the School Corporation prior to the sale. As an alternative to PARITY®, bidders may submit a sealed bid or e-mail the bid electronically to the School Corporation's municipal advisor at the address described above until the time and on the date identified in the notice given by, or on behalf of the School Corporation, twenty-four hours prior to the sale of the Bonds. Upon completion of the bidding procedures described herein, the results of the sealed, nonelectronic bids received shall be compared to the electronic bids received by the School Corporation. If a potential bidder has questions related to the School Corporation, the financing or submission of bids, questions should be submitted by email to the addresses above no later than 11:00 a.m. (Indianapolis Time) on May 6, 2019. To the best of the School Corporation's ability, all questions will be addressed by or on behalf of the School Corporation and sent to potential bidders, including any bidders requesting 24 hours' notice of sale, no later than 5:00 p.m. (Indianapolis Time) on May 13, 2019. Additionally, upon request, the written responses will be emailed to any other interested bidder. Bidders should review this notice as well as the Preliminary Official Statement and submit any questions in advance of this deadline to submit questions. e Bonds are not subject to optional redemption prior to maturity. A bid may designate that a given maturity or maturities shall constitute a term bond, and the semiannual amounts set forth in the schedule provided prior to the sale shall constitute the mandatory sinking fund redemption requirements for such term bond or bonds. For purposes of computing net interest cost, the mandatory redemption amounts shall be treated as maturing on the dates set forth in the schedule provided prior to the sale. In the case of any redemption, 30 days' notice will be given by mail to the registered owners of the Bonds to be redeemed, and accrued interest will be paid to the date fixed for redemption. Interest on the Bonds so called for redemption will cease on the redemption date fixed in said notice if funds are available at the place of redemption to redeem the Bonds so called on the date fixed in said notice, or thereaer when presented for payment. e Bonds have been designated as qualified tax- exempt obligations for purposes of Section 265(b)(3) of the Code. Each bid must be for all of the Bonds and must state the rate of interest which each maturity of the Bonds is to bear, stated in multiples of 1/8th or 1/100th of 1%. e maximum interest rate of the Bonds shall not exceed 5.00% per annum. All Bonds maturing on the same date shall bear the same rate, and the rate of interest bid for each maturity must be equal to or greater than the rate bid on the immediately preceding maturity. Bids shall set out the total amount of interest payable over the term of the Bonds and the net interest cost on the Bonds covered by the bid. No bid for less than 99.50% of the face value of the Bonds will be considered. e Bonds will be awarded to the lowest responsible and responsive bidder who has submitted a bid in accordance herewith (the "Purchaser"). e Purchaser will be the one who offers the lowest net interest cost to the School Corporation, to be determined by computing the total interest on all of the Bonds to their maturities based upon the schedule provided by the School Corporation prior to the sale and deducting therefrom the premium bid, if any, and adding thereto the discount bid, if any. No conditional bids will be considered. e right is reserved to reject any and all bids. If an acceptable bid is not received for the Bonds on the date of sale herein before fixed, the sale may be continued from day to day thereaer without further advertisement, during which time no bid which provides a higher net interest cost to the Corporation than the best bid received at the time of the advertised sale will be considered. A good faith deposit ("Deposit") in the form of cash, wire transfer, or certified or cashier's check in the amount of $36,950 payable to the order of the School Corporation is required to be submitted by the Purchaser not later than 3:30 p.m. (EST) on the next business day following the award. If such Deposit is not received by that time, the School Corporation may reject the bid. No interest on the Deposit will accrue to the Purchaser. e Deposit will be applied to the purchase price of the Bonds. In the event the Purchaser fails to honor its accepted bid, the Deposit will be retained by the School Corporation as liquidated damages. e Purchaser shall make payment for such Bonds and accept delivery thereof within five days aer being notified that the Bonds are ready for delivery, at such place in the City of Indianapolis, Indiana, as the Purchaser may designate, or at such other location mutually agreed to by the School Corporation and the Purchaser. e Bonds will be ready for delivery within 45 days aer the date of sale. If the School Corporation fails to have the Bonds ready for delivery prior to the close of banking hours on the forty-fih day aer the date of sale, the Purchaser may secure the release of the bid upon request in writing, filed with the School Corporation. Unless otherwise requested by the winning bidder, the Purchaser is expected to apply to a securities depository registered with the Securities and Exchange Commission ("SEC") to make such Bonds depository eligible. If the Bonds are reoffered, at the time of delivery of the Bonds to the Purchaser, the Purchaser will be required to certify to the School Corporation the initial reoffering price to the public of a substantial amount of each maturity of the Bonds. All provisions of the bid form and Preliminary Official Statement (as hereinaer defined) are incorporated herein. As set forth in the Preliminary Official Statement, the Purchaser agrees by submission of their bid to assist the School Corporation in establishing the issue price of the Bonds under the terms outlined therein and shall execute and deliver to the School Corporation at closing an "issue price" certificate, together with the supporting pricing wires or equivalent communications, with such modifications as may be appropriate or necessary, in the reasonable judgment of the Purchaser, the School Corporation and Ice Miller LLP ("Bond Counsel"). Bidders must comply with the rules of PARITY® (the "Rules") in addition to requirements of this Notice. To the extent there is a conflict between the Rules and this Notice, this Notice shall control. Bidders may change and submit bids as many times as they wish during the sale, but they may not withdraw a submitted bid. e last bid submitted by a bidder prior to the deadline for the receipt of bids will be compared to all other final bids to determine the winning bid. During the sale, no bidder will see any other bidder's bid, nor will they see the status of their bid relative to other bids (e.g., whether their bid is a leading bid). It is anticipated that CUSIP identification numbers will be printed on the Bonds, but neither the failure to print such numbers on any Bond nor any error with respect thereto shall constitute cause for failure or refusal by the successful bidder therefor to accept delivery of and pay for the Bonds in accordance with the terms of its proposal. No CUSIP identification number shall be deemed to be a part of any Bond or a part of the contract evidenced thereby and no liability shall hereaer attach to the School Corporation or any of its officers or agents because of or on account of such numbers. All expenses in relation to the printing of CUSIP identification numbers on the Bonds shall be paid for by the School Corporation; provided, however, that the CUSIP Service Bureau charge for the assignment of said numbers shall be the responsibility of and shall be paid for by the Purchaser. e Purchaser will also be responsible for any other fees or expenses it incurs in connection with the resale of the Bonds. e approving opinion of Bond Counsel, together with a transcript of the proceedings relating to the issuance of the Bonds and closing papers in the usual form showing no litigation questioning the validity of the Bonds, will be furnished to the successful bidder at the expense of the School Corporation. e Bonds are being issued for the purpose of the renovation of and improvements to school facilities throughout the School Corporation, including the purchase of equipment and technology, and will be direct obligations of the School Corporation payable out of ad valorem taxes to be collected on the taxable property within the School Corporation; however, the School Corporation's collection of the levy may be limited by operation of I.C. 61.120.6, which provides taxpayers with tax credits for property taxes attributable to different classes of property in an amount that exceeds certain percentages of the gross assessed value of that property. e School Corporation is required by law to fully fund the payment of debt service on the Bonds in an amount sufficient to pay the debt service, regardless of any reduction in property tax collections due to the application of such tax credits. e School Corporation may not be able to levy or collect additional property taxes to make up this short fall. e School Corporation is a school corporation organized pursuant to the provisions of I.C. 2023, and the Bonds will not be "private activity bonds" as defined in Section 141 of the Internal Revenue Code of 1986. e Bonds constitute an indebtedness only of the School Corporation. In the opinion of Bond Counsel, under the existing federal statutes, decisions, regulations and rulings, the interest on the Bonds is exempt from all income taxation in Indiana. In the opinion of Bond Counsel, under the existing federal statutes, decisions, regulations and rulings, the interest on the Bonds is excludable from gross income for purposes of federal income taxation. e School Corporation has prepared a Preliminary Official Statement (the "Preliminary Official Statement") relating to the Bonds which it has deemed nearly final. A copy of the Preliminary Official Statement may be obtained from the School Corporation's municipal advisor, Baker Tilly, 8365 Keystone Crossing, Suite 300, Indianapolis, Indiana 462402687. Within seven (7) business days of the sale, the School Corporation will provide the successful bidder with sufficient copies of the Final Official Statement (the "Final Official Statement") at the School Corporation's expense in order for such bidder to comply with Section (b)(4) of the SEC Rule 15c2-12 and the rules of the Municipal Securities Rulemaking Board. Additional copies, at the Purchaser's expense, must be requested within five (5) business days of the sale. Inquiries concerning matters contained in the Preliminary Official Statement must be made and pricing and other information necessary to complete the Final Official Statement must be submitted by the Purchaser within two (2) business days following the sale to be included in the Final Official Statement. If the Bonds are reoffered, the School Corporation agrees to enter into a continuing disclosure undertaking (the "Master Agreement") in order to permit the Purchaser to comply with the SEC Rule 15c212, as amended to the date hereof (the "SEC Rule"). A copy of the Master Agreement is available from the School Corporation or municipal advisor at the addresses below. e School Corporation has further agreed to comply with the Purchaser's reasonable requests to provide or disclose information and make appropriate filings which may be required in order for such purchaser to comply with the SEC Rule. Further information relative to said issue and a copy of the Preliminary Official Statement may be obtained upon application to Baker Tilly, 8365 Keystone Crossing, Suite 300, Indianapolis, Indiana 46240 2687, municipal advisor to the School Corporation; or Suzanne Blake, Superintendent of the School Corporation, 211 South 12th Street, Petersburg, Indiana 47567. If bids are submitted by mail, they should be addressed to the School Corporation, attention of Baker Tilly, 8365 Keystone Crossing, Suite 300, Indianapolis, Indiana 462402687. Dated this 17th day of April, 2019 Steve Potter Secretary, Board of School Trustees Pike County School Corporation (April 24, May 1, 2019) hspaxlp