|
Ordinance No.
|
Date
|
Bond/Loan Description
|
|---|---|---|
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63
|
6/20/1975
|
To incur debt in the aggregate principal amount of $1,755,000;
determining that such debt shall be incurred as lease rental debt
to be evidenced by a series of sewer revenue bonds - Series of 1975,
dated as of June 1, 1975, to be authorized and to be issued by the
Amity Township Municipal Authority; briefly describing the project
in connection with which such debt is to be incurred and specifying
the realistic useful life of said project; authorizing and directing
appropriate officers of the Township to prepare, verify and file the
debt statement and other appropriate documents required by the Act
of the General Assembly of the Commonwealth of Pennsylvania, approved
July 12, 1972, Act No. 185, as amended and supplemented, known as
the "Local Government Unit Debt Act"; approving an engineering report
with respect to certain self-liquidating debt of the Township; authorizing
appropriate officers of the Township to execute, attest, acknowledge
and deliver an Agreement of Lease, dated as of June 1, 1975, between
said Authority, as lessor, and the Township, as lessee, with respect
to said project; approving the form of said Agreement of Lease by
said Authority to National Bank of Boyertown, as Trustee under a Trust
Indenture, dated as of June 1, 1975, of said Authority as security;
specifying the lease rentals to be paid by the Township pursuant to
said lease and the source of payment of such lease rentals; providing
for proper officers of the Township to take all other required, necessary
or desirable related action in connection with said lease
|
|
75
|
8/19/1977
|
Authorizing the Township to borrow on a nonelectoral basis,
the sum of $127,000 to provide certain improvements for the Amity
Township Municipal Authority; authorizing the issuance of a general
obligation installment note to evidence said indebtedness containing
miscellaneous provisions and awarding the note
|
|
77
|
1/7/1978
|
To incur debt in the aggregate principal amount of $2,140,000
in connection with the refunding by the Amity Township Municipal Authority
of certain lease rental debt heretofore lawfully incurred by said
Authority; determining that such debt shall be incurred as lease rental
debt to be evidenced by a series of guaranteed sewer revenue bonds
- Series of 1978, dated as of January 15, 1978, to be authorized and
to be issued by said Authority; briefly describing the project in
connection with which such refunding is to be undertaken and specifying
the realistic remaining useful life of said project; approving the
consulting engineer's report relating to net lease rental debt;
authorizing and directing the Chairman or Vice Chairman of the Board
of Supervisors of the Township and the Secretary or Assistant Secretary
of the Township to prepare, verify and file the debt statement, the
application for exclusion of self-liquidating debt and other appropriate
documents required by the Act of the General Assembly of the Commonwealth
of Pennsylvania, approved July 12, 1972, Act No. 185, as amended and
supplemented, known as the "Local Government Unit Debt Act", and to
execute, attest, acknowledge and deliver a Termination Agreement and
an Agreement of Lease, each dated as of January 15, 1978, between
said Authority, as lessor, and the Township, as lessee, and a Guaranty
Agreement, dated as of January 15, 1978, with respect to said project
and said refunding; approving the forms of said Termination Agreement,
said Agreement of Lease and said Guaranty Agreement; consenting to
assignment of said Agreement of Lease by said Authority to National
Bank of Boyertown, Boyertown, Pennsylvania, as Trustee under a trust
indenture dated as of January 15, 1978, of said Authority, as security;
specifying the lease rentals to be paid by the Township pursuant to
said Agreement of Lease and the source of payment of such lease rentals;
guaranteeing payment of the principal and interest on certain guaranteed
sewer revenue bonds to be issued by Amity Township Municipal Authority
and making certain covenants with respect thereto; and providing for
proper officers of the Township to take all other required, necessary
or desirable related action in connection with said refunding by said
Authority, said Termination Agreement, said Agreement of Lease and
said Guaranty Agreement
|
|
129
|
11/18/1991
|
Issuance of a series of general obligation notes, Series of
1991, to be dated as of December 15, 1991, in the aggregate principal
amount of $2,500,000, pursuant to the Act of the General Assembly
of the Commonwealth of Pennsylvania, known as the Local Government
Unit Debt Act, to provide funds for and toward: (1) a capital project
that consists of acquiring and constructing alterations, additions
and improvements to the sewage collection, transmission, treatment
and disposal system facilities, including all related and necessary
facilities required to provide sanitary sewage service in and for
certain portions of the Township, (2) paying capitalized interest
on such general obligation notes, and (3) paying costs, fees and expenses
with respect to the foregoing purposes and to the financing; combining
said capital projects as a single project for financing as permitted
by said Act; setting forth the finding that it is in the best financial
interests of the Township to sell such general obligation notes at
private sale by negotiation; determining that such debt shall be non-electoral
debt of the Township; accepting a certain proposal for purchase of
such general obligation notes, at private sale by negotiation, and
awarding such general obligation notes and setting forth related provisions;
providing that such general obligation notes, when issued, shall be
general obligations of the Township; fixing the substantial form,
denominations, numbers, date, maturity date, interest rate, interest
payment dates, registration provisions, place of payment of principal
and interest, and mandatory sinking fund provisions (if applicable)
and redemption provisions of such general obligation notes; authorizing
execution of such general obligation notes and authentication thereof;
providing covenants related to debt service applicable to such general
obligation notes as required by such Act and pledging the full faith,
credit and taxing power of the Township in support thereof; creating
a sinking fund (including a mandatory sinking fund, if applicable)
in connection with such general obligation notes, as required by such
Act; appointing a paying agent and a sinking fund depositary in connection
with such general obligation notes; providing a covenant to ensure
prompt and full payment of all obligations of such general obligation
notes when due; authorizing and directing specified officers of the
Township to do, to take and to perform certain specified, required,
necessary or appropriate acts and things; authorizing the purchase
of bond insurance, if applicable; declaring such debt to be incurred,
together with other indebtedness of the Township, not to be in excess
of any limitation imposed by such act upon the incurring of debt by
the Township, not to be in excess of any limitation imposed by such
Act upon the incurring of debt by the Township; setting forth certain
covenants relating to the continuing tax-exempt status of interest
on such general obligation notes under the Internal Revenue Code of
1986, as amended; designating each of such general obligation notes
as a qualified tax-exempt obligation for purposes of Section 265 of
the Internal Revenue Code of 1986, as amended; providing when this
Ordinance shall become effective; providing for severability of provisions;
and repealing all ordinances or parts of ordinances insofar as the
same shall be inconsistent herewith
|
|
140
|
9/22/1993
|
Issuance of a series of general obligation bonds, Series of
1993, to be dated as of November 1, 1993, in the aggregate principal
amount of $4,500,000, pursuant to the Act of the General Assembly
of the Commonwealth of Pennsylvania, known as the Local Government
Unit Debt Act, to provide funds for and toward refunding projects
that consist of: (1) advance refunding the Township's general
obligation notes, Series of 1991, dated as of December 15, 1991; (2)
currently refunding the guaranteed sewer revenue bonds - Series of
1978 of the Amity Township Municipal Authority; and (3) paying costs,
fees and expenses with respect to the foregoing purposes and to the
financing; combining said refunding projects for purposes of financing
as permitted by said Act; setting forth that said refunding is permitted
under and pursuant to Section 1101 of said Act; setting forth the
finding that it is in the best financial interests of the Township
to sell such general obligation bonds at private sale by negotiation;
determining that such debt shall be non-electoral debt of the Township;
accepting a certain proposal for purchase of such general obligation
bonds, at private sale by negotiation, and awarding such general obligation
bonds, and setting forth related provisions; providing that such general
obligation bonds, when issued, shall be general obligations of the
Township; fixing the substantial form, denominations, numbers, date,
maturity dates, interest rates, interest payment dates, registration
provisions, place of payment of principal and interest and mandatory
sinking fund provisions (if applicable) and redemption provisions
of such general obligation bonds; authorizing execution of such general
obligation bonds and authentication thereof; providing covenants related
to debt service applicable to such Act and pledging the full faith,
credit and taxing power of the Township in support thereof; creating
a sinking fund (including a mandatory sinking fund, if applicable)
in connection with such general obligation bonds, as required by such
Act; appointing a paying agent and a sinking fund obligation bonds;
providing a covenant, to ensure prompt and full payment of all obligations
of such general obligation bonds when due; authorizing and directing
specified officers of the Township to do, to take and to perform certain
specified, required, necessary or appropriate acts and things; authorizing
the purchase of bond insurance, if applicable; declaring such debt
to be incurred, together with other indebtedness of depositary in
connection with such general the Township, not to be in excess of
any limitation imposed by such act upon the incurring of debt by the
Township; setting forth certain covenants relating to the continuing
tax-exempt status of interest on such general obligation bonds under
the Internal Revenue Code of 1986, as amended; designating each of
such general obligation bonds as a qualified tax-exempt obligation
for purposes of Section 265 of the Internal Revenue Code of 1986,
as amended; providing for the retirement of the Series of 1991 notes
upon optional redemption prior to maturity, in accordance with the
right and privilege reserved to said Authority; providing when this
Ordinance shall become effective; providing for severability of provisions;
and repealing all ordinances or parts of ordinances insofar as the
same shall be inconsistent herewith
|
|
161
|
6/15/1998
|
Authorizing and directing issuance of a General Obligation Note
in the principal amount of $635,000 pursuant to the Local Government
Unit Debt Act (Pa.C.S.A. § 8001 et seq.) to reimburse the
Township's sewer revenue fund for the funds utilized by the Township
to acquire the "Haas Farm" which is located directly across from the
Township building, and which consists of two parcels of land totaling
approximately 81.767 acres, more or less; determining that said note
shall be sold at non-electoral debt of the Township; accepting a bid
for purchase of said note at negotiated sale, and awarding such note
and setting forth related provisions; providing that such note, when
issued, shall be a general obligation note of the Township; fixing
the substantial form, denomination, date, maturity date, interest
rates, interest payment dates, registration privileges, place of payment
of principal and interest, redemption provisions and tax free provisions
of said note; authorizing execution, attestation and authentication
of said note; providing covenants related to debt service applicable
to said note as required by such Act and the Pennsylvania Constitution
and pledging the full faith, credit and taxing power of the Township
in support thereof; creating a sinking fund in connection with said
note as required by such Act; appointing a sinking fund depositary;
providing a covenant to insure prompt and full payment of all obligations
of said note when due; authorizing and directing specified officers
of the Township to do and perform specified, required or appropriate
acts and things; setting forth that said note has been sold at negotiated
sale; declaring that the debt to be incurred is within the limitation
imposed by such Act upon the incurring of such debt by the Township;
providing certain covenants related to continuing disclosure by the
Township; 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
|
|
195
|
3/18/2003
|
Setting forth its intent to issue its General Obligation Notes,
Series A and AA of 2003 (the "Notes") of the Township in the aggregate
principal amount of $3,760,000, pursuant to the Act of the General
Assembly of the Commonwealth of Pennsylvania, known as the Local Government
Unit Debt Act, as re-enacted, amended and supplemented (the "Act");
finding that a private sale by negotiation is in the best financial
interests of the Township; determining that such Notes shall evidence
nonelectoral debt of the Township; specifying that such indebtedness
is to be incurred to provide funds to finance a project of the Township
which consists of, among other things: (a) Funding the costs of certain
capital projects of the Township, including certain recreation and
sewer projects; and (b) paying the costs and expenses of issuing the
Notes; determining to combine said projects for the purpose of financing
and setting forth a reasonable estimate of the useful life of the
Projects to be financed; making certain findings with respect to the
Project; accepting a proposal for the purchase of such Notes at private
sale by negotiation; providing that such Notes, when issued, shall
constitute a General Obligation of this Township; designating the
Notes as a "qualified tax-exempt obligation" as defined in Section
265(b)(3)(B) of the Internal Revenue Code of 1986, as amended (the
"Code"); fixing the denomination, dated date, interest rates, redemption
provisions and place of payment of the principal of and interest on
such Notes; appointing a paying agent and authorizing specified officers
of the Township to contract with the paying agent; setting forth the
substantial form of the Notes evidencing the debt; authorizing execution
and attestation of such Notes; providing covenants related to the
payment of debt service applicable to such Notes to the extent required
by the Act and pledging the full faith, credit and taxing power of
the Township in support thereof; creating a sinking fund in connection
with such Notes, to the extent required by the Act; designating the
paying agent to be the sinking fund depositary; providing a covenant
to insure prompt and full payment for such Notes when due; setting
forth registration and transfer provisions with respect to such Notes;
authorizing and directing specified officers of the Township to do,
to take and to perform certain specified, required, necessary or appropriate
acts to effect the issuance of the Notes, including, without limitation,
the preparation of a debt statement and borrowing base certificate,
and the filing of other specified documents with the Department of
Community and Economic Development, all as required by the Act; declaring
that the debt to be evidenced by such Notes, together with all other
indebtedness of the Township, will not be in excess of any applicable
limitation imposed by the Act; authorizing proper officers of the
Township to deliver the Notes upon the approval of the Department
of Community and Economic Development; setting forth certain covenants
precluding the Township from taking actions which would cause the
Notes to become "arbitrage bonds", as that term is used in the Code
and applicable regulations promulgated thereunder; providing for severability
of provisions; repealing all ordinances or resolutions or parts of
ordinances or resolutions insofar as the same shall be inconsistent;
and providing when this Ordinance shall become effective
|
|
202
|
6/15/2004
|
Setting forth its intent to issue its General Obligation Note,
Series of 2004 of the Township in the aggregate principal amount of
$1,540,000, pursuant to the Act of the General Assembly of the Commonwealth
of Pennsylvania, known as the Local Government Unit Debt Act, as re-enacted,
amended and supplemented; finding that a private sale by negotiation
is in the best financial interests of the Township; determining that
such Note shall evidence nonelectoral debt of the Township; specifying
that such indebtedness is to be incurred to provide funds to finance
a project of the Township which consists of, among other things: (a)
funding of the costs of certain capital projects of the Township,
including certain storm sewer projects; and (b) paying the costs and
expenses of issuing the Note; determining to combine said projects
for the purpose of financing and setting forth a reasonable estimate
of the useful life of the projects to be financed; making certain
findings with respect to the project; accepting a proposal for the
purchase of such Note at private sale by negotiation; providing that
such Note, when issued, shall constitute a general obligation of the
Township; designating the Note as a "qualified tax-exempt obligation"
as defined in Section 265(b)(3)(B) of the Internal Revenue Code of
1986, as amended; fixing the denomination, dated date, interest payment
dates, interest rates, redemption provisions and place of payment
of the principal of and interest on such Note; appointing a paying
agent and authorizing specified officers of the Township to contract
with the paying agent; setting forth the substantial form of the Note
evidencing the debt; authorizing execution and attestation of such
Note; providing covenants to such Note to the extent required by the
Act and pledging the full faith, credit and taxing power of the Township
in support thereof; creating a sinking fund in connection with such
Note, to the extent required by the Act; designating the paying agent
to be the sinking fund depositary; providing a convent to insure prompt
and full payment for such Note when due; setting forth registration
and transfer provisions with respect to such Note; authorizing and
directing specified officers of the Township to do, to take and to
perform certain specified, required, necessary or appropriate acts
to effect the issuance of the Note, including, without limitation,
the preparation of a Debt Statement and Borrowing Base Certificate,
and the filing of other specified documents with the Department of
Community and Economic Development, all as required by the Act; declaring
that the debt to be evidenced by such Note, together with all other
indebtedness of the Township, will not be in excess of any applicable
limitation imposed by the Act; authorizing proper officers of the
Township to deliver the Note upon the approval of the Department of
Community and Economic Development; setting forth certain covenants
precluding the Township from taking actions which would cause the
Note to become an "arbitrage bond", as that term is used in the Code
and applicable regulations promulgated thereunder; providing for severability
of provisions; repealing all ordinances or resolutions or parts of
ordinances or resolutions insofar as the same shall be inconsistent;
and providing when this Ordinance shall become effective
|
|
216
|
7/19/2005
|
Setting forth its intent to issue its General Obligation Note,
Series of 2003, of the Township in the aggregate principal amount
of $1,130,000, pursuant to the Act of the General Assembly of the
Commonwealth of Pennsylvania, known as the Local Government Unit Debt
Act, as re-enacted, amended and supplemented; finding that a private
sale by negotiation is in the best financial interests of the Township;
determining that such Note shall evidence nonelectoral debt of the
Township; specifying that such indebtedness is to be incurred to provide
funds to finance a project of the Township which consists of, among
other things: (a) funding the costs of certain capital projects of
the Township, including recreational facilities projects; and (b)
paying the costs and expenses of issuing the Note; determining to
combine said projects for the purpose of financing and setting forth
a reasonable estimate of the useful life of the projects to be financed;
making certain findings with respect to the project; accepting a proposal
for the purchase of such Note at private sale by negotiation; providing
that such Note, when issued, shall constitute a general obligation
of the Township; designating the Note as "qualified tax-exempt obligation"
as defined in Section 265(b)(3)(B) of the Internal Revenue Code of
1986, as amended; fixing the denomination, dated date, interest rates,
redemption provisions and place of payment of the principal of and
interest on such Note; appointing a paying agent and authorizing specified
officers of the Township to contract with the paying agent; setting
forth the substantial form of the Note evidencing the debt; authorizing
execution and attestation of such Note; providing covenants related
to the payment of debt service applicable to such Note to the extent
required by the Act and pledging the full faith, credit and taxing
power of the Township in support thereof; creating a sinking fund
in connection with such Note, to the extent required by the Act; designating
the paying agent to be the sinking fund depositary; providing a covenant
to insure prompt and full payment for such Note when due; setting
forth registration and transfer provisions with respect to such Note;
authorizing and directing specified officers of the Township to do,
to take and to perform certain specified, required, necessary or appropriate
acts to effect the issuance of the Note, including, without limitation,
the preparation of a Debt Statement and Borrowing Base Certificate,
and the filing of other specified documents required by the Act; declaring
that the debt to be evidenced by such Note, together with all other
indebtedness of the Township, will not be in excess of any applicable
limitation imposed by the Act; authorizing proper officers of the
Township to deliver the Note upon the approval of the Department of
Community and Economic Development; setting forth certain covenants
precluding the Township from taking actions which would cause the
Note to become an "arbitrage bond", as that term is used in the Code
and application regulations promulgated thereunder; providing for
severability of provisions; repealing all ordinances or resolutions
or parts of ordinances or resolutions insofar as the same shall be
inconsistent; and providing when this Ordinance shall become effective
|
|
262
|
10/21/2009
|
An Ordinance of the Board of Supervisors of the Township of
Amity, Berks County, Pennsylvania authorizing and directing incurring
of nonelectoral debt through the issuance of a General Obligation
Bond of the Township in the aggregate principal amount not to exceed
$1,965,000 pursuant to the Act of the General Assembly of the Commonwealth
of Pennsylvania, as amended, known as the Local Government Unit Debt
Act (the "Act"); specifying that such indebtedness is to be incurred
to provide funds to finance certain projects of the Township which
include, among other things, (a) the refinancing of the Township's
General Obligation Notes, Series A of 2003 and a portion of the Township's
General Obligation Notes, Series 2005; and (b) the payment of the
costs and expenses of issuing the Bond; accepting a proposal for the
purchase of such Bond at private sale by negotiation; providing that
such Bond, when issues, shall constitute a General Obligation of the
Township; fixing the denominations, dated date, interest payment dates,
maturity dates, interest rates, redemption provisions, mandatory redemption
provisions (if applicable) and place of payment of the principal of
and interest on such Bond ; authorizing specified officers of the
Township to contract with the paying agent for its services in connection
with the Bond; setting forth the substantial form of the Bond; authorizing
execution and attestation of such Bond; providing covenants related
to debt service applicable to such Bond to the extent required by
the Act and pledging the full faith, credit and taxing power of the
Township in support thereof; creating a sinking fund in connection
with such Bond, to the extent required by the Act; designating the
paying agent to be the sinking fund depositary; providing a covenant
to insure prompt and full payment for such Bond when due; setting
forth registration and transfer provisions with respect to such bond;
authorizing the execution of one or more investment agreements by
specified officers of the Township (if applicable) and the purchase
of a certain U.S. Treasury Obligations or any other securities investments
in connection with the project; authorizing and directing specified
officers of the Township to do, to take and to perform certain specified,
required, necessary or appropriate acts to effect the issuance of
the Bond, including, without limitation, the preparation of a Debt
Statement and Borrowing Base Certificate, and the filing of specified
documents with the Department of Community and Economic Development,
all as required by the Act; declaring that the obligation to be evidenced
by such Bond, together with all other indebtedness of the Township,
will not be in excess of any applicable limitation impose by the Act;
authorizing proper officers of the Township to deliver the Bond upon
the approval of the Department of Community and Economic Development;
setting forth certain covenants precluding the Township from taking
actions which would cause the Bond to become an "arbitrage bond" or
a "private activity bond" as those terms are used in the Internal
Revenue Code of 1986, as amended (the "Code"); approving the form
of the preliminary official statement and official statement, if applicable;
providing for a settlement account; stating authority for enactment
of ordinance and applying mandatory provisions of Local Government
Unit Debt Act whether or not set forth; stating that ordinance is
a contract with registered owners of Bond and remedies thereto entitled;
providing for amendment of this ordinance; stating that covenants
are for the sole and exclusive benefit of Township and registered
owners of Bond; providing when this ordinance shall become effective;
providing for severability of provisions; and repealing all ordinances
or parts of ordinances insofar as the same shall be inconsistent herewith
|
|
272
|
6/5/2011
|
An Ordinance of the Board of Supervisors of the Township of
Amity, Berks County, Pennsylvania authorizing and directing incurring
of nonelectoral debt through the issuance of a General Obligation
Bond of the Township in the aggregate principal amount not to exceed
$876,500 pursuant to the Act of the General Assembly of the Commonwealth
of Pennsylvania, as amended, known as the Local Government Unit Debt
Act (the "Act"); specifying that such indebtedness is to be incurred
to provide funds to finance certain projects of the Township which
include, among other things, (a) the refinancing of certain of the
Township's General Obligation Debt; and (b) the payment of the
costs and expenses of issuing the Bond; setting forth the reasonable
estimated useful lives of the capital projects to be financed by the
Bond; accepting a proposal for the purchase of such Bond at private
sale by negotiation; providing that such Bond, when issued, shall
constitute a General Obligation of the Township; fixing the denominations,
dated date, interest payment dates, maturity dates, interest rates,
redemption provisions, mandatory redemption provisions (if applicable)
and place of payment of the principal of and interest on such Bond;
authorizing specified Officers of the Township to contract with the
Paying Agent for its services in connection with the Bond; setting
forth the substantial form of the Bond; authorizing execution and
attestation of such Bond; providing covenants related to debt service
applicable to such Bond to the extent required by the Act and pledging
the full faith, credit and taxing power of the Township in support
thereof; creating a Sinking Fund in connection with such Bond, to
the extent required by the Act; designating the Paying Agent to be
the Sinking Fund Depositary; providing a covenant to insure prompt
and full payment for such Bond when due; setting forth registration
and transfer provisions with respect to such Bond; authorizing and
directing specified Officers of the Township to do, to take and to
perform certain specified, required, necessary or appropriate acts
to effect the issuance of the Bond, including, without limitation,
the preparation of a Debt Statement and Borrowing Base Certificate,
and the filing of specified documents with the Department of Community
and Economic Development, all as required by the Act; declaring that
the Obligation to be evidenced by such Bond, together with all other
indebtedness of the Township, will not be in excess of any applicable
limitation imposed by the Act; authorizing proper Officers of the
Township to deliver the Bond upon the approval of the Department of
Community and Economic Development; setting forth certain covenants
precluding the Township from taking actions which would cause the
Bond to become an "Arbitrage Bond" or a "Private Activity Bond" as
those terms are used in the Internal Revenue Code of 1986, as amended
(the "Code"); stating authority for enactment of Ordinance and applying
mandatory provisions of Local Government Unit Debt Act whether or
not set forth; stating that Ordinance is a contract with registered
owners of Bond and remedies thereto entitled; providing for amendment
of this Ordinance; stating that covenants are for the sole and exclusive
benefit of Township and registered owner of the Bond; providing when
this Ordinance shall become effective; providing for severability
of provisions; and repealing all Ordinances or parts of Ordinances
insofar as the same shall be inconsistent herewith
|
|
277
|
4/4/2012
|
An Ordinance of the Board of Supervisors of the Township of
Amity, Berks County, Pennsylvania authorizing and directing incurring
of nonelectoral debt through the issuance of a General Obligation
Bonds of the Township in the aggregate principal amount of $3,740,000
pursuant to the Act of the General Assembly of the Commonwealth of
Pennsylvania, as amended, known as the Local Government Unit Debt
Act (the "Act"); specifying that such indebtedness is to be incurred
to provide funds to finance certain projects of the Township which
include, among other things, (a) to refund the outstanding General
Obligation Bond, Series of 2009; and (b) refund the outstanding General
Obligation Note, Series of 2011; (c) provide funds to finance a sewer
project; and (d) pay the costs of issuance on the Bonds; setting forth
the reasonable estimated useful lives of the capital projects to be
financed by the Bonds; accepting a proposal for the purchase of such
Bonds at a public auction by negotiation; providing that such Bonds,
when issued, shall constitute a General Obligation of the Township;
fixing the denominations, dated date, interest payment dates, maturity
dates, interest rates, redemption provisions, mandatory redemption
provisions (if applicable) and place of payment of the principal of
and interest on such Bonds; authorizing specified Officers of the
Township to contract with the Paying Agent for its services in connection
with the Bonds; setting forth the substantial form of the Bonds; authorizing
execution and attestation of such Bonds; providing covenants related
to debt service applicable to such Bonds to the extent required by
the Act and pledging the full faith, credit and taxing power of the
Township in support thereof; creating a Sinking Fund in connection
with such Bonds, to the extent required by the Act; designating the
Paying Agent to be the Sinking Fund Depositary; providing a covenant
to insure prompt and full payment for such Bonds when due; setting
forth registration and transfer provisions with respect to such Bonds;
authorizing and directing specified Officers of the Township to do,
to take and to perform certain specified, required, necessary or appropriate
acts to effect the issuance of the Bonds, including, without limitation,
the preparation of a Debt Statement and Borrowing Base Certificate,
and the filing of specified documents with the Department of Community
and Economic Development, all as required by the Act; declaring that
the Obligation to be evidenced by such Bonds, together with all other
indebtedness of the Township, will not be in excess of any applicable
limitation imposed by the Act; authorizing proper Officers of the
Township to deliver the Bonds upon the approval of the Department
of Community and Economic Development; setting forth certain covenants
precluding the Township from taking actions which would cause the
Bonds to become "Arbitrage Bonds" or "Private Activity Bonds" as those
terms are used in the Internal Revenue Code of 1986, as amended (the
"Code"); stating authority for enactment of Ordinance and applying
mandatory provisions of Local Government Unit Debt Act whether or
not set forth; stating that Ordinance is a contract with registered
owners of Bonds and remedies thereto entitled; providing for amendment
of this Ordinance; stating that covenants are for sole and exclusive
benefit of Township and registered owner of the Bonds; providing when
this Ordinance shall become effective; providing for severability
of provisions; and repealing all Ordinances or parts of Ordinances
insofar as the same shall be inconsistent herewith
|
|
280
|
11/7/2012
|
An Ordinance of the Township of Amity, Berks County, Pennsylvania,
increasing the indebtedness of the Township of Amity, Berks County,
Pennsylvania, by the issue of six General Obligation Notes in the
principal amounts of (1) ($77,499.99), (2) $2,705.88, (3) $108,843.08,
(4) $138,489.21, (5) $6,452.43, (6) $6,590.57 for the purchase of
radio hardware, accessory hardware and equipment required for the
Township of Amity's participation in and use of the Berks County-Wide
Public Safety Radio System; fixing the form, number, date, interest,
and maturity thereof; making a covenant for the payment of the debt
service on the Notes; providing for the filing of the required documents
with the Department of Community and Economic Development; providing
for the appointment of a Sinking Fund depository for the Notes; and
authorizing execution, sale and delivery thereof
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287
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3/18/2015
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An Ordinance of the Board of Supervisors of the Township of
Amity, Berks County, Pennsylvania (the "Township"), setting forth
its intent to issue its General Obligation Notes, Series of 2015 (The
"Note") of this Township in the aggregate principal amount of $1,250,000,
pursuant to the Act of the General Assembly of the Commonwealth of
Pennsylvania, known as the Local Government Unit Debt Act, as re-enacted,
amended and supplemented (the "Act"); finding that a private sale
by negotiation is in the best financial interests of this Township;
determining that such Note shall evidence nonelectoral debt of this
Township; specifying that such indebtedness is to be incurred to provide
funds to finance a project of this Township which consists of, among
other things: (A) funding the costs of certain capital projects of
the Township, including a sewer project; and (B) paying the costs
and expenses of issuing the Note; determining to combine said projects
for the purpose of financing and setting forth a reasonable estimate
of the useful life of the projects to be financed; making certain
findings with respect to the project; accepting a proposal for the
purchase of such Note at private sale by negotiation; providing that
such Note, when issued, shall constitute a General Obligation of this
Township; designating the Note as a "Qualified Tax-Exempt Obligation"
as defined in Section 265(b)(3)(B) of the internal Revenue Code of
1986, as amended (the "Code"); fixing denomination, dated date, interest
payment dates, principal payment dates, maturity dates, interest rates,
redemption provisions and place of payment of the principal of and
interest on such Note; appointing a Paying Agent and authorizing specified
officers of this Township to contract with the Paying Agent; setting
forth the substantial form of the Note evidencing the debt; authorizing
execution and attestation of such Note; providing covenants related
to the payment of debt service applicable to such Note to the extent
required by the Act and pledging the full faith, credit and taxing
power of this Township in support thereof; creating a Sinking Fund
in connection with such Note, to the extent required by the Act; designating
the paying Agent to be the Sinking Fund Depositary; providing a covenant
to insure prompt and full payment for such Note when due; setting
forth registration and transfer provisions with respect to such Note;
authorizing and directing specified Officers of this Township to do,
to take and to perform certain specified, required necessary or appropriate
acts to effect the issuance of the Note, including, without limitation,
the preparation of a Debt Statement and Borrowing Base Certificate,
and the filing of other specified documents with the Department of
Community and Economic Development, all as required by the Act; declaring
that the debt to be evidenced by such Note, together with all other
indebtedness of this Township, will not be in excess of any applicable
limitation imposed by the Act; authorizing proper officers of this
Township to deliver the note upon the approval of the Department of
Community and Economic Development; setting forth certain covenants
precluding this Township from taking actions which would cause the
Note to become an "Arbitrage Bond," as that term is used in the Code
and applicable regulations promulgated thereunder; providing for severability
of provisions; repealing all Ordinances or Resolutions or parts of
Ordinances or Resolutions insofar as the sum shall be inconsistent;
and providing when this Ordinance shall become effective.
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301
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9/6/2017
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Authorizing the incurrence of nonelectoral debt through the
issuance of general obligation bonds in the aggregate principal amount
of $7,000,000 to provide funds for refunding of outstanding bonds
and for various capital projects
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