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
|
|
Ord. No. 2021-01
|
9-21-2021
|
Authorizing the incurrence of debt of New Hope Borough by the
issuance of the general obligation note, Series of 2021, in the principal
amount of $1,225,000 for the purpose of providing funds for and towards
refunding outstanding indebtedness of the Borough and paying the costs
of issuing the note
|
