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Building Authority Public Hearing

NOTICE OF PUBLIC HEARING REGARDING LEASE BETWEEN NEW ALBANY­FLOYD COUNTY, INDIANA BUILDING AUTHORITY AND BOARD OF COMMISSIONERS OF FLOYD COUNTY, INDIANA

Notice is hereby given that the Board of Commissioners of Floyd County, Indiana will hold a public hearing, on behalf of Floyd County, Indiana (the "County''), on April 20, 2021 at 5:30 p.m. (local time).

The public hearing is being held concerning the proposed lease between New Albany­Floyd County, Indiana Building Authority and Board of Commissioners of Floyd County, Indaina, regarding the lease of the New Albany-Floyd County City County Building, located at 311 Hauss Square, New Albany, IN 47150. The term of the proposed lease shall be forty (40) years and rental payments shall be determined as follows: The "Minimum Rent" shall be determined in two steps on an annual basis. First, the Building Authority will submit its budget to the Commissioners on or before July 1. Second, the Commissioners and Building Authority Board of Directors will meet in a work session to review and agree to the budget no later than July 25. The agreed upon amount becomes the annual lease amount payable in two (2) equal installments which are due January 1st and July 1st, respectively. This process to determine the annual lease amount shall be subject to change per Section 9 below, but only as agreed to by the parties.

The public hearing is being held pursuant to Indiana Code 36-9-13-27.

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Event Date 04-20-2021 5:30 pm
Event End Date 04-20-2021