Organizations Filed Purposes:
TO ACQUIRE LAND, ERECT BUILDINGS, ACQUIRE FINANCING AND LEASE THE FACILITIES SUITABLE FOR USE BY THE CITY OF SEYMOUR, INDIANA.
THE CORPORATION'S SOLE PURPOSE IS TO ACQUIRE A SITE SUITABLE FOR THE CONSTRUCTION OF CITY FACILITIES THEREON AND TO FINANCE THE COSTS OF SITE ACQUISITION AND CONSTRUCTION OF FACILITIES RELATED THERETO AND TO LEASE THE SITE AND FACILITIES TO AND FOR THE USE OF THE CITY OF SEYMOUR, INDIANA.
THE CORPORATION LEASES FACILITIES TO THE CITY OF SEYMOUR, INDIANA TO BE USED BY THE CITY OF SEYMOUR POLICE DEPARTMENT. PREVIOUSLY, THE CORPORATION APPLIED THE LEASE RENTAL PAYMENTS TO SERVICE THE DEBT PAYMENTS DUE ON THE SERIES 2005 FIRST MORTGAGE BONDS. IN AUGUST OF 2016, THE CORPORATION REFINANCED THE 2005 FIRST MORTGAGE BONDS WITH THE ISSUANCE OF THE FIRST MORTGAGE REFUNDING BONDS, SERIES 2016 IN THE AMOUNT OF $2,015,000. BEGINNING IN 2017, LEASE RENTAL PAYMENTS WILL BE APPLIED TO SERVICE THE DEBT ON THE SERIES 2016 FIRST MORTGAGE REFUNDING BONDS. FINAL PAYMENT ON THE SERIES 2016 FIRST MORTGAGE REFUNDING BONDS IS SCHEDULED FOR JULY 2021.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| David H Windley | TREASURER | 0.5 | $0 |
| William W Bailey | SECRETARY | 0.5 | $0 |
| Robert L Prather | PRESIDENT | 0.5 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202013159349301016_public.xml