Borough of New Hope, PA
Bucks County
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Table of Contents
Table of Contents
The following is a chronological listing of legislation of the Borough of New Hope regarding bond issues and loans. Complete copies of the ordinances and resolutions listed here are available for inspection in the Borough offices
Enactment
Adoption Date
Subject
Res.
3/21/1864
Payment of soldier's bounties by the Borough not refunded by County
Res.
8/14/1864
Loan for the payment of bounties to soldiers
Res.
4/14/1896
Issuance of bonds in order to purchase a new fire engine
Res.
6/12/1906
Increase indebtedness of $6,000 in order to repair streets
Incurring nonelectoral debt by issuance of obligation note in the amount of $20,000 for the purpose of replacement of storm drains
7/9/1973
Incurring nonelectoral debt by issuance of obligation note in the amount of $75,000 for the purpose of a new fire house
Res. No. 1988-9
11/28/1988
Incurring nonelectoral debt by issuance of a general obligation note in a principal amount not to exceed $33,000 for the purchase of computer equipment and streetlights
Res. No. 1995-2
3/7/1995
Issuance of a tax anticipation note in the amount of $75,000 to meet expenses
Res. No. 1995-3
4/11/1995
Applying for a low-interest loan under the Local Government Capital Projects Program in the amount of $49,000 for reconstruction of the Borough police station
Res. No. 1999-6
-/-/1999
Approving a $200,000 TAN loan from the first National Bank and Trust Company of Newtown
Ord. No. 2007-03
4-11-2007
Authorizing and securing a general obligation note in the maximum principal amount of $2,100,000 to acquire real estate, construct or improve a municipal services building and pay related expenses; accepting a bank loan proposal; setting forth the terms and form of the note; creating a sinking fund and appointing a sinking fund depository for the note and pledging the full faith, credit and taxing power of the Borough to secure the note
Res. No. 2007-28R
12-19-2007
Authorizing the issuance of a tax and revenue anticipation note, Series 2008
Res. No. 2008-20R
12-10-2008
Authorizing the issuance of a tax and revenue anticipation note, Series 2009
Ord. No. 2009-04
6-10-2009
Authorizing the incurrence of nonelectoral debt pursuant to the issuance of general obligation notes, 2009 Series, in the aggregate amount of $1,750,000 and approving certain capital projects; approving negotiated sale of 2009 notes to Delaware Valley Regional Finance Authority; approving the forms of the loan documents and authorizing execution and delivery of all necessary documents; stating the amortization schedule and maximum annual debt service payments; authorizing and awards in transaction under a qualified interest rate management agreement and authorizing and directing a filing to the Department of Community and Economic Development; pledging the full faith, credit and taxing power for the timely repayment of the notes, covenanting to pay any termination charges, creating and appointing a sinking fund depository; authorizing the application for approval of issuance of the notes to the Department of Community And Economic Development.
Res. No. 2009-16R
12-9-2009
Authorizing the issuance of a tax and revenue anticipation note, Series 2010
Ord. No. 2010-07
12-21-2010
Authorizing the incurrence of nonelectoral debt by the issuance of $2,250,000 principal amount general obligation note, Series of 2011, for the purpose of providing funds for and towards a refinancing program and a capital project; authorizing the preparation and filing of a debt statement and other documentation; covenanting to create a sinking fund and to budget, appropriate and pay debt service on the note and pledging the full faith, credit and taxing power of the Borough for the note; setting forth the substantial form of the note; setting forth the stated principal and interest payment dates, redemption provisions, place of payment and other details of the note; providing for the sale of the note at private sale by negotiation and accepting a proposal for the purchase of the note; appointing a loan paying agent and sinking fund depository and authorizing other necessary action
Res. No. 2010-24R
12-21-2010
Authorizing the issuance of a tax and revenue anticipation note, Series 2011
Res. No. 2011-20R
12-20-2011
Authorizing the issuance of a tax and revenue anticipation note, Series 2012 with the terms set forth in the foregoing and attached certificate and transmittal; approving a form of note; authorizing designated officers to execute and deliver the note; authorizing and directing the filing of proceedings with the Department of Community and Economic Development; providing for the payment and security of the note; making certain federal income tax covenants in respect of the note; accepting the proposal of PNC Bank, National Association for the purchase of the note; and repealing inconsistent resolutions
Res. No. 2012-15R
11-20-2012
Authorizing the issuance of a tax and revenue anticipation note, Series 2013 with the terms set forth in the foregoing and attached certificate and transmittal; approving a form of note; authorizing designated officers to execute and deliver the note; authorizing and directing the filing of proceedings with the Department of Community and Economic Development; providing for the payment and security of the note; making certain federal income tax covenants in respect of the note; accepting the proposal of PNC Bank, National Association for the purchase of the note; and repealing inconsistent resolutions
Ord. No. 2013-01
8-20-2013
Authorizing the issuance of a promissory note to the County of Bucks in the amount of $111,040.36 in connection with the Bucks County Emergency Services Radio Project; approving the form of the promissory note; authorizing the designated officers of New Hope Borough to execute and deliver the promissory note; and providing for the payment of the promissory note
Ord. No. 2016-03
10-18-2016
Increasing the nonelectoral indebtedness of the Borough by the issue of a general obligation bond, Series of 2016, in the amount of $2,492,000, for and toward financing the current refunding of its general obligation notes, 2009 Series, and general obligation bond, 2011 Series