Point Of Contact Not Available
NOTICE NOTICE IS GIVEN that the Board of Supervisors of the Township of Springettsbury, York County, Pennsylvania (the âTownshipâ), proposes to enact, at a public meeting to be held not less than three (3) and not more than thirty (30) days from the date of publication hereof, an ordinance (the âOrdinanceâ), the caption and summary of such being as follows: âAN ORDINANCE OF THE BOARD OF SUPERVISORS OF THE TOWNSHIP OF SPRINGETTSBURY, YORK COUNTY, PENNSYLVANIA (THE âTOWNSHIPâ), AUTHORIZING AND DIRECTING THE ISSUANCE OF A GENERAL OBLIGATION NOTE , SERIES OF 2020, IN THE PRINCIPAL AMOUNT NOT TO EXCEED $24,300,000 (THE âNOTEâ), AS PERMITTED BY AND PURSUANT TO THE LOCAL GOVERNMENT UNIT DEBT ACT, 53 PA. C.S. § 8001 et seq., AS AMENDED AND SUPPLEMENTED, FOR THE PURPOSE OF PROVIDING FUNDS TO BE APPLIED FOR AND TOWARD (I) FINANCING THE CURRENT REFUNDING OF THE TOWNSHIPâS (A) GENERAL OBLIGATION BONDS, SERIES A OF 2010 (FEDERALLY TAXABLE â ISSUER SUBSIDY â BUILD AMERICA BONDS (THE â2010A BONDSâ), (B) GENERAL OBLIGATION NOTE, SERIES OF 2014 (THE â2014 NOTEâ), AND (C) GENERAL OBLIGATION NOTE, SERIES OF 2019 (THE â2019 NOTE,â AND TOGETHER WITH THE 2010A BONDS AND THE 2014 NOTE, COLLECTIVELY, THE âREFUNDED OBLIGATIONSâ), AND (II) PAYING THE COSTS OF ISSUANCE OF THE NOTE (THE âPROJECTâ); DETERMINING THAT SUCH DEBT SHALL BE NONELECTORAL DEBT OF THE TOWNSHIP; DETERMINING THAT THE NOTE SHALL BE SOLD AT INVITED SALE; ACCEPTING A PROPOSAL FOR PURCHASE OF THE NOTE, AT INVITED SALE, AND AWARDING THE NOTE AND SETTING FORTH RELATED PROVISIONS; FIXING THE SUBSTANTIAL FORM, DATE, MATURITY DATE, INTEREST RATE, INTEREST PAYMENT DATES, PLACE OF PAYMENT OF PRINCIPAL AND INTEREST AND PREPAYMENT PROVISIONS OF THE NOTE; AUTHORIZING EXECUTION AND ATTESTATION OF THE NOTE; PROVIDING THAT THE NOTE, WHEN ISSUED, SHALL BE A GENERAL OBLIGATION NOTE OF THE TOWNSHIP; PROVIDING COVENANTS RELATED TO DEBT SERVICE APPLICABLE TO THE NOTE AS REQUIRED BY SAID DEBT ACT, AND THE PENNSYLVANIA CONSTITUTION AND PLEDGING THE FULL FAITH, CREDIT AND TAXING POWER OF THE TOWNSHIP IN SUPPORT THEREOF; DESCRIBING THE PROJECT FOR WHICH THE DEBT OF THE TOWNSHIP EVIDENCED BY THE EACH OF THE REFUNDED OBLIGATIONS WAS ORIGINALLY INCURRED AND SPECIFYING OR REAFFIRMING THE REALISTIC ESTIMATED USEFUL LIVES OF SUCH PROJECTS; CREATING A SINKING FUND IN CONNECTION WITH THE NOTE AS REQUIRED BY SUCH DEBT ACT; APPOINTING A PAYING AGENT, REGISTRAR AND SINKING FUND DEPOSITORY; PROVIDING A COVENANT TO INSURE PROMPT AND FULL PAYMENT OF ALL OBLIGATIONS OF THE NOTE WHEN DUE; RATIFYING PRIOR ADVERTISEMENT AND DIRECTING FURTHER ADVERTISEMENT; AUTHORIZING AND DIRECTING THE PREPARATION, EXECUTION AND FILING OF A TRANSCRIPT OF PROCEEDINGS, INCLUDING A DEBT STATEMENT AND A BORROWING BASE CERTIFICATE, WITH THE DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT; DECLARING THAT THE DEBT TO BE INCURRED TOGETHER WITH OTHER INDEBTEDNESS OF THE TOWNSHIP, NOT TO BE IN EXCESS OF ANY LIMITATION IMPOSED BY SUCH DEBT ACT UPON THE INCURRING OF DEBT BY THE TOWNSHIP; SETTING FORTH CERTAIN COVENANTS RELATING TO THE NONARBITRAGE STATUS OF THE NOTE; CREATING A CLEARING ACCOUNT; SETTING FORTH CERTAIN COVENANTS RELATING TO PROVISIONS FOR REDEMPTION, PREPAYMENT AND RETIREMENT, AS APPLICABLE, OF THE REFUNDED OBLIGATIONS; AUTHORIZING THE PAYMENT OF EXPENSES; PROVIDING GUIDELINES FOR PERMITTED INVESTMENTS; TERMINATING SUBSIDY PAYMENTS WITH RESPECT TO THE 2010A BONDS TO BE REFUNDED; AUTHORIZING AND DIRECTING APPROPRIATE OFFICERS OF THE TOWNSHIP TO DO AND PERFORM CERTAIN SPECIFIED, REQUIRED OR APPROPRIATE ACTS AND THINGS; PROVIDING FOR SEVERABILITY OF PROVISIONS; REPEALING ALL ORDINANCES OR PARTS OF ORDINANCES INSOFAR AS THE SAME SHALL BE INCONSISTENT HEREWITH; AND PROVIDING WHEN THIS ORDINANCE SHALL BECOME EFFECTIVE.â The full text of the proposed Ordinance is available for public inspection at the Townshipâs website at https://www.springettsbury.com. Amendments may be made to the Ordinance prior to enactment. This Notice is given in accordance with requirements of, and in compliance with, the Local Government Unit Debt Act. TOWNSHIP OF SPRINGETTSBURY, YORK COUNTY, PENNSYLVANIA
Bid Protests Not Available