Details for BOND SALE NOTICE

PUBLIC NOTICE
BOND SALE NOTICE
Hartford City Public Library

and submit any questions in advance of this
deadline to submit questions.

Sealed proposals will be received on behalf
of the Board of Trustees (the “Board”) of
Hartford City Public Library (the “Library”) at
the office of Baker Tilly Municipal Advisors,
LLC, Indianapolis, Indiana, up to the hour
of 11:00 a.m. (Local Time) on November
6, 2019, for the purchase of the bonds
described as follows:

The Bonds have been designated by the
Library as qualified tax exempt obligations
for purposes of Section 265(b)(3) of the
Internal Revenue Code of 1986, as amended to the date hereof (the “Code”).

Hartford City Public Library General
Obligation Bonds of 2019 (the “Bonds”),
in the aggregate amount of approximately
$970,000; Originally dated the date of delivery of the Bonds; Fully registered form;
Denomination $5,000 or integral multiples
thereof (or in such other denomination as
requested by the winning bidder); Bearing
interest at a rate or rates not to exceed a
maximum of 5.00% per annum (to be determined by bidding), which interest will be payable on July 15, 2020, and semiannually on
January 15 and July 15 thereafter; Principal
payable at the office of the bank selected
by the Library to serve as registrar and paying agent or by wire transfer to depositories
on the payment date; Interest payable by
check mailed one business day prior to
interest payment date or by wire transfer to
depositories on the interest payment date
to registered owners or depositories as of
the fifteenth day immediately preceding the
interest payment date; Maturing on January
15 and July 15 beginning on July 15, 2020
through no later than January 15, 2039 on
the dates and amounts as provided by the
Library prior to the sale.

Bidders for the Bonds will be required to
name the purchase price, not less than
99% of par and the interest rate or rates
which the Bonds are to bear. Such interest
rate or rates must be in multiples of 1/8th,
or 1/100th of 1%. Bids specifying two or
more interest rates shall also specify the
amount and maturities of the Bonds bearing each rate, but all Bonds maturing on
the same date shall bear the same single
interest rate. The Bonds will be awarded to
the lowest responsible and responsive bidder whose bid is submitted in accordance
herewith. The winning bidder will be the
one who offers the lowest net interest cost
to the Library, to be determined by computing the total interest on all of the Bonds to
their maturities based upon the schedule
provided by the Library prior to the sale and
deducting therefrom the premium bid, if any,
and adding thereto the discount bid, if any.
Any premium bid must be paid at closing
as a part of the purchase price. Although
not a term of sale, it is requested that each
bid show the net dollar interest cost from
the date of the Bonds to final maturity and
the net effective average interest rate. No
conditional bids will be considered. The
right is reserved to reject any and all bids.
If an acceptable bid is not received for the
Bonds on the date of sale hereinbefore
fixed, the sale may be continued from day to
day thereafter without further advertisement,
during which time no bid which provides a
higher net interest cost to the Library than
the best bid received at the time of the
advertised sale will be considered.

The Library reserves the right to adjust
the maturity schedule following the sale in
order to accomplish the Library’s financial
objectives by reallocating principal based
upon the rates by the successful bidder (the
“Purchaser”).
Bidders may submit a sealed bid or e-mail
the bid electronically to the Library’s municipal advisor at bids@bakertilly.com until
11:00 a.m. (Indianapolis time) on November
6, 2019. Upon completion of the bidding
procedures described herein, the results of
the sealed or emailed bids received shall be
compared by the Library’s municipal advisor.
If a potential bidder has questions related
to the Library, the financing or submission
of bids, questions should be submitted by
email to the address above no later than
11:00 a.m. (Indianapolis Time) on November
4, 2019. To the best of the Library’s ability, all questions will be addressed by the
Library and sent to potential bidders, including any bidders requesting 24 hours’ notice
of sale, no later than 5:00 p.m. (Indianapolis
Time) on November 4, 2019. Additionally,
upon request, the written responses will
be emailed to any other interested bidder.
Bidders should review this notice as well
as the Term Sheet (as hereinafter defined)

The Bonds are not redeemable at the option
of the Library prior to maturity.

A good faith deposit (“Deposit”) in the form
of cash or certified or cashier’s check in the
amount of $9,700 payable to the order of
Hartford City Public Library is required to be
submitted by the successful Purchaser not
later than 3:30 p.m. (Indianapolis time) on
the next business day following the award. If
such Deposit is not received by that time, the
Library may reject the bid. No interest on the
Deposit will accrue to the Purchaser. The
Deposit will be applied to the purchase price
of the Bonds. In the event the Purchaser
fails to honor the accepted bid, the Deposit
will be retained by the Library as liquidated
damages.
The Purchaser shall make payment for such
Bonds and accept delivery thereof within five
days after 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 Library and the Purchaser.
The Bonds will be ready for delivery within
45 days after the date of sale. If the Library
fails to have the Bonds ready for delivery
prior to the close of banking hours on the
forty-fifth day after the date of sale, the
Purchaser may secure the release of the bid
upon request in writing, filed with the Library.
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 depositoryeligible. If the Bonds are reoffered by an
underwriter, at the time of delivery of the
Bonds to the Purchaser, the Purchaser will
be required to certify to the Library the initial
reoffering price to the public of a substantial
amount of each maturity of the Bonds.
All provisions of the bid form and Term Sheet
(as hereinafter defined) are incorporated
herein. As set forth in the Term Sheet, the
Purchaser agrees by submission of their bid
to assist the Library in establishing the issue
price of the Bonds under the terms outlined
therein and shall execute and deliver to the
Library 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 Library and Ice Miller LLP
(“Bond Counsel”).
Bidders may change and submit bids as
many times as they wish during the sale,
but they may not withdraw a submitted bid.
The 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).
If requested, 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
Purchaser therefore 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
hereafter attach to the Library 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
Library; 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. The
Purchaser will also be responsible for any
other fees or expenses it incurs in connection with the resale of the Bonds.

The Bonds are being issued for the purpose of procuring funds to be used for the
renovation of and improvements to Hartford
City Public Library and will be the direct
obligations of the Library, payable out of ad
valorem taxes to be collected on the taxable
property within the Library; however, the
Library’s collection of the levy may be limited by operation of I.C. § 6-1.1-20.6, 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. The Library 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. The Library may not
be able to levy or collect additional property
taxes to make up this shortfall. The Library
is a Library organized pursuant to the provisions of I.C. § 36-12; and the bonds will
not be “private activity bonds” as defined in
Section 141 of the Code.
Upon the request of the successful bidder,
the Bonds may be converted to a Loan so
long as all the requirements of this Notice
are met.
Due to the principal amount thereof, the
Bonds are not subject to SEC Rule 15c2-12
and therefore, the Library will not enter into a
continuing disclosure undertaking or provide
an official statement.
The Library has prepared a Term Sheet
(“Term Sheet”) relating to the Bonds. Further
information relative to the Bonds and a copy
of the Term Sheet may be obtained upon
application to Michele Risinger, Director of
the Library, 314 North High Street, Hartford
City, Indiana 47348 or the Library’s municipal advisor, Baker Tilly, 8365 Keystone
Crossing, Suite 300, Indianapolis, Indiana
46240-2687. If bids are submitted by mail,
they should be addressed to the Library,
attention of Baker Tilly, 8365 Keystone
Crossing, Suite 300, Indianapolis, Indiana
46240-2687.
These Bonds are offered subject to the
approving opinion of Bond Counsel. The
Library will furnish at its expense the bond
counsel opinion, printed bond forms, a transcript of proceedings, and closing papers in
the usual form showing no litigation questioning the validity of the Bonds at the time
of delivery.
/s/______________________
Secretary, Board of Trustees
Hartford City Public Library
13923 2T 10/9 & 10/16/2019 HSPAXLP

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