Ord./Res.
Date
Subject
Res. 1988-1
1/11/1988
Designation of the Dauphin Deposit Bank and Trust Company as depository for the Borough's General Fund, Motor License Fund, Police Pension Fund, Capital Reserve Fund, Revenue Sharing Fund, Sewer Fund, Payroll Account and Water Fund
Ord. 1990-5
7/17/1990
Authorization for lease rental debt of $800,000 to be evidenced by guaranteed note to be authorized and issued by Cornwall Borough, Lebanon County Municipal Authority, to cover balance of cost of construction of sanitary sewer collection and transportation system and acquisition of treatment capacity in the plant owned by the City of Lebanon Authority over the amount of a loan from Pennvest (Pennsylvania Infrastructure Investment Authority)
Res. 1991-2
5/13/1991
Authorization for execution and joinder of First Supplemental Loan Agreement between Cornwall Borough, Lebanon County, Municipal Authority and Dauphin Deposit Bank and Trust clarifying the original agreement in connection with the loan referred to in “Item 2” above
Ord. 1992-3
10/27/1992
Authorization for lease rental debt of $1,760,000, to be evidenced by a series of guaranteed Water Revenue Bonds, Series of 1992, to be authorized and issued by Cornwall Borough, Lebanon County, Municipal Authority for refunding outstanding Series of 1983 Bond and undertaking further improvements and additions to the water system
Ord. 1996-6
11/11/1996
Authorizing and directing issuance of a general obligation note of this Borough, in the principal amount not to exceed $400,000, pursuant to the act of the general assembly of the Commonwealth of Pennsylvania, Act No. 52 of 1978, approved April 28, 1978, as amended and supplemented; determining that said note shall be sold at private sale; determining that such debt shall be none electoral debt of this Borough; describing the project for which said debt is to be incurred and specifying a reasonable estimate of the useful life of said project; accepting a proposal for purchase of said note, at private sale, and awarding such note and setting forth related provisions; providing that such note, when issued, shall be a general obligation note of this Borough; fixing the series, substantial form, date, maturity date, interest rate, interest payment dates, place of payment of principal and interest and prepayment provisions of such note; authorizing execution, attestation and authentication of such note; providing covenants related to debt service applicable to such note as required by such act and the Pennsylvania Constitution and pledging the full faith, credit and taxing power of this Borough in support thereof; creating a sinking fund in connection with such note as required by such act; a pointing sinking fund depositary; providing a covenant to insure prompt and full payment of all obligations of such note when due; authorizing and directing appropriate and specified Officers of this Borough to prepare, execute, verify and file, as appropriate, the debt statement, the borrowing base certificate to be appended to the debt statement and other appropriate documents required by such act; authorizing and directing appropriate officers of this Borough to do and perform certain specified, required or appropriate acts and things; setting forth that such note has been sold at private sale; declaring that the debt to be incurred together with other indebtedness of this Borough, is within the limitation imposed by such act upon the incurring of debt by this Borough; setting forth
Ord. 2001-3
5/7/2001
Determining to incur debt in a maximum aggregate principal amount not to exceed $1,360,000 in connection with the refunding by Cornwall Borough, Lebanon County, municipal authority of certain lease rental debt heretofore lawfully incurred by said authority and evidenced by certain outstanding guaranteed sewer revenue bonds, series of 1994 of said authority; determining that such debt shall be incurred as lease rental debt to be evidenced by a guaranteed sewer revenue note, to be authorized and to be issued by said authority; briefly describing the project in connection with which said refunding is to be undertaken and specifying the remaining useful life of said project; authorizing and directing the president or vice president of council of this Borough and the secretary or assistant secretary of this Borough to prepare, verify and file, as applicable, the debt statement, the borrowing base certificate to be appended to the debt statement, the application for exclusion of self-liquidating debt and other appropriate documents required by the “local government unit debt act,” and, upon receipt of approval of the Pennsylvania department of community and economic development, to execute, attest, acknowledge and deliver, as applicable and appropriate, a guaranty agreement with respect to the aforesaid guaranteed sewer revenue note of said authority; approving the form of said guaranty agreement; guaranteeing payment of the principal of and interest on the aforesaid guaranteed sewer revenue note, to be issued by aforesaid authority and making certain covenants with respect thereto; and providing for proper officers of this Borough to take all other required, necessary or desirable related action in connection with said refunding
Ord. 2009-4
11/9/2009
Authorizing and directing the issuance of a general obligation note, series of 2009, in the principal amount of $245,000 (the “note”), 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 (a) funding unfunded debt pursuant to §8130 of said Act, and (b) paying the costs and expenses of issuing the note (the “project”)
Res. 2009-9
12/29/2009
Authorizing the issuance of a tax and revenue anticipation note, series of 2010, in the maximum outstanding principal amount not to exceed $300,000
Res. 2011-4
2/14/2011
Authorizing the issuance of a tax and revenue anticipation note in the amount of $100,000 in anticipation of the receipt of current taxes to be sold at private sale
Ord. 2013-2
3/11/2013
Increasing the indebtedness of Cornwall Borough, Lebanon County, Pennsylvania, by the issue of a general obligation note in the maximum principal amount of $200,000 for purposes of repairing the Rexmont Road Bridge; fixing the form, dates, interest, and maturity thereof; making a covenant for the payment of the debt service on the note; pledging the full faith and credit of the local government unit for the payment thereof; providing for the filing of the required documentation with the Department of Community and Economic Development to incur additional debt of the governmental unit; providing for the appointment of a sinking fund depository for the note; providing for the authorized signatories and authorizing execution, sale and delivery thereof
Res. 2014-3
6/9/2014
Authorizing filing of an application for a multimodal transportation fund grant and authorizing certain Borough Officials to execute the application and documents relating to such multimodal transportation fund grant application
Res. 2014-8
12/8/2014
Grant application requesting $25,000 from the Lebanon County Commissioners Marcellus Shale Grant Fund for re-alignment of Snitz Creek
Res. 2016-1
1/4/2016
Authorizing the issuance of a tax and revenue anticipation note in the amount of $250,000 in anticipation of the receipt of current taxes to be sold at private sale
Ord. 2017-2
2/13/2017
Authorizing and directing issuance of a general obligation note of the Borough in the maximum principal amount of $1,740,000, pursuant to the Pennsylvania Local Government Unit Debt Act, to fund a judgement against the Borough and related costs, fees and expenses; accepting a certain bank loan proposal; setting forth the terms and substantial form of such note; creating a sinking fund and appointing a sinking fund depository for such note; and pledging the full faith, credit and taxing power of the Borough in support of such note; and authorizing related action and documents