COUNTY OF GREENE
SUMMARY NOTICE UNDER
LOCAL GOVERNMENT UNIT DEBT ACT
NOTICE IS HEREBY GIVEN that the Board of Commissioners of the County of Greene will consider, at a regular meeting to be held on Thursday, December 17, 2020, at 10:00 a.m. in the Commissioner's Board Room in the County Office Building, 93 East High Street, Waynesburg, PA 15370 (or in the alternative, at a duly convened meeting of the Board of Commissioners not less than three nor more than 30 days from the date of publication of this notice), along with such other general business matters as may come before the Board, the enactment of an ordinance authorizing non-electoral debt in the presently estimated amount of $6,990,000, and summarized as follows:
Article 1 defines certain terms, including the Notes and the Project, which consists primarily of refunding the County’s Series of 2016 Bonds in order to reduce debt service payments in particular years and substitute notes for bonds.
Article 2 and 3 authorize the incurrence of non-electoral debt by the issuance of General Obligation Notes and establish a sinking fund.
Article 4 provides the form, maturity, amounts, interest rates and the terms and provisions for the payment of the Notes. Article 5, 6, 7 and 8 address the Sinking Fund Depository, events of default, and amendment and discharge of the security documents.
Article 9 contains federal income tax covenants; Article 10, securities law covenants.
Article 11 provides for the sale of the Notes, establishes certain funds and sets forth certain directions for settlement, while Article 12 authorizes other related and necessary actions.
PLEASE NOTE: IN LIGHT OF CURRENT STATE RECOMMENDATIONS REGARDING PUBLIC ASSEMBLY DURING THE PRESENT CORONAVIRUS OUTBREAK, PERSONS WISHING TO ATTEND MAY JOIN THE MEETING VIA TELECONFERENCE BY DIALING 877-309-3457 AND ENTERING ACCESS CODE 179 731 4139 OR VIA AN ON-LINE PLATOFRM AT THE GREENE COUNTY COMMISSIONERS’ FACEBOOK PAGE.
The full text of the Ordinance as proposed may be examined by any citizen from 9 a.m. to 4 p.m. on regular government business days at the office of the Chief Clerk, County of Greene, Third Floor, County Office Building, 93 East High Street, Waynesburg, PA 15370 or HERE
on the County’s website at www.co.greene.pa.us.