Township of North Fayette, PA
Allegheny County
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Table of Contents
Table of Contents

§ B-101 Debt and Bond Issues.

Ord./Res.
Date
Subject
Res. 1-1964
1/31/1964
Empowering the Township of North Fayette to borrow up to the sum of $10,000
Res. 2-1964
4/1/1964
Empowering the Township of North Fayette to borrow up to the sum of $20,000
Res. 7-1964
5/28/1964
Empowering the Township of North Fayette to borrow up to the sum of $30,000
Res. 1-1965
1/30/1965
Empowering the Township of North Fayette to borrow up to the sum of $30,000
Res. 1-1966
2/17/1966
Empowering the Township of North Fayette to borrow up to the sum of $20,000
Res. 1-1967
3/16/1967
Empowering the Township of North Fayette to borrow up to the sum of $20,000
Res. 1-1968
1/18/1968
Empowering the Township of North Fayette to borrow up to the sum of $20,000
Res. 2-1968
1/31/1968
Increasing the indebtedness of the Township of North Fayette, Allegheny County, Pennsylvania, in the sum of $95,000 for said purpose by an issue of general obligation bonds of the denomination of $5,000 each, dated March 1, 1968, and maturing in the order of their number
Ord. 93
12/19/1968
Increasing the nonelectoral indebtedness of the Township of North Fayette, Allegheny County, Pennsylvania, by issue of its installment note in the amount of $50,000 for capital expenditures, and fixing the terms thereof; levying a tax for the payment thereof; appropriating the proceeds to the stated purposes; and making other provisions relative thereto
Res. 1-1969
1/11/1969
Borrowing from the Oakdale Office of the Union National Bank at any time and from time to time prior to December 31, 1969, an amount or amounts not exceeding in the aggregate $35,000 in anticipation of taxes to be collected during the current fiscal year
Res. 1-1970
1/13/1970
Empowering the Township of North Fayette to borrow up to the sum of $30,000
Res. 3-1970
5/29/1970
Empowering the Township of North Fayette to borrow up to the sum of $20,000
Res. 1-1971
1/29/1971
Empowering the Township of North Fayette to borrow up to the sum of $30,000
Res. 1-1972
1/11/1972
Empowering the Township of North Fayette to borrow up to the sum of $30,000
Ord. 128
4/1/1976
Authorizing the issuance by the township of general obligation bonds In the total amount of $500,000, for the purpose of financing the acquisition and construction of the Township's sewer construction project and paying the costs of said bond issue; fixing the form, number, date, interest rates and maturities thereof; pledging general revenues and levying any necessary tax for payment of debt service charges; authorizing execution, sale and delivery thereof; pledging the repayment of said bonds; authorizing the filing for approval of said debt with the Pennsylvania Department of Community Affairs; and authorizing the payment of the required filing fee therefor
Ord. 134
4/16/1977
Authorizing and incurring refunding bonded indebtedness of the Township by the issuance by the Township of general obligation refunding bonds, series of 1977, in the total amount of $875,000, for the purpose of refunding all of the Township's presently outstanding series of 1976 bonds and paying the costs of said refunding bond issue; fixing the form, series, number, denomination, date, interest rates and maturities thereof; pledging certain investment earnings, continuing the pledging of general revenues and continuing the levying of any necessary tax for the payment of debt service charges; authorizing execution, sale and delivery thereof; pledging the repayment of said refunding bonds; irrevocably authorizing and directing the payment and redemption of all presently outstanding series of 1976 bonds, and authorizing and directing the execution and delivery of the escrow deposit agreement; and authorizing the filing for approval of said refunding debt and a supplemental self-liquidating debt exclusion certificate with the Pennsylvania Department of Community Affairs and in the recorder of deeds office in Allegheny County, and authorizing the payments of the required filing fees therefor
Res. 12-1979
10/9/1979
Borrowing $50,000 pursuant to the Local Government Unit Debt Act for the purpose of capital improvements-expansion of Township Municipal Building
Ord. 166
2/22/1983
Creating a fund for capital improvements within said Township in accordance with Local Government Unit Debt Act, 53 P.S. § 6780-452(d)
Ord. 169
6/7/1983
Authorizing the borrowing of $100,000 for capital improvements and equipment purchases
Ord. 184
6/10/1986
Authorizing the borrowing of $75,000 for capital improvements by the Western Allegheny County Municipal Authority and the erection of an elevated water storage tank in North Fayette Township
Ord. 186
8/26/1986
Amending Ord. 184 to reclassify the debt from nonelectoral debt to lease rental debt
Ord. 202
1988
Authorizing the incurring of nonelectoral debt by the Township of North Fayette, County of Allegheny, Commonwealth of Pennsylvania, for the purpose of providing funds for various capital projects
Ord. 203
1213/1988
Authorizing the incurring of nonelectoral debt by the Township of North Fayette, County of Allegheny, Commonwealth of Pennsylvania, for the purpose of providing funds for various capital projects
Ord. 205
2/14/1989
Authorizing a change of purpose of nonelectoral general obligation debt of the Township of North Fayette, County of Allegheny, Commonwealth of Pennsylvania; specifying such change of purpose of nonelectoral general obligation debt to include refunding of certain nonelectoral general obligation debt of the Township
Ord. 212
9/26/1989
Authorizing the borrowing of the sum of $155,000 for capital
Ord. 213
9/26/1989
Authorizing a change of purpose of nonelectoral general obligation debt of the Township of North Fayette, County of Allegheny, Commonwealth of Pennsylvania; specifying such change of purpose of nonelectoral general obligation debt to include the costs of additional projects
Ord. 214
9/26/1989
An ordinance authorizing a change of purpose of nonelectoral general obligation debt of the Township of North Fayette, County of Allegheny, Commonwealth of Pennsylvania; specifying such change of purpose of nonelectoral general obligation debt to include the costs of additional projects
Ord. 230
2/4/1991
Authorizing the incurring of nonelectoral debt by the Township of North Fayette, County of Allegheny, Commonwealth of Pennsylvania, for the purpose of providing funds for various capital projects
Ord. 235
3/26/1991
Authorizing the incurring of nonelectoral debt by the Township of North Fayette, County of Allegheny, Commonwealth of Pennsylvania, for the purpose of providing funds for various capital projects
Ord. 268
9/14/1993
Authorizing and directing issuance of $1,420,000 principal amount of general obligation bonds, refunding series a of 1993 and $700,000 principal amount of general obligation bonds, refunding Series B of 1993 pursuant to the Local Government Unit Debt Act of the Commonwealth of Pennsylvania for the purpose of (i) advance refunding the $1,270,000 aggregate principal amount outstanding of the Township's general obligation bonds, Series of 1991, (ii) current refunding the $440,000 aggregate principal amount of the Township's general obligation bonds, Series of 1977 (iii) providing certain funds for capital expenditures of the Township and (iv) paying all costs related to the issuance of the bonds (the "project"); determining that said bonds shall be sold at private sale by negotiation; determining that such debt to be incurred shall be nonelectoral debt, specifying the estimated useful life of the project; accepting a proposal for purchase of said bonds at private sale, and awarding such bonds and setting forth related provisions; providing that such bonds when issued shall be general obligation bonds; fixing the substantial form, denomination, numbers, date maturity dates, interest rates, interest payment dates, redemption and registration provisions, place of payment of principal and interest, and other provisions of such bonds; authorizing their execution
Ord. 276
6/30/1994
Authorizing the incurrence of lease rental debt by the Township of North Fayette, Pennsylvania, by guaranteeing the payment of principal and interest due on the North Fayette Transportation and Business Improvement Authority (North Fayette Township, Allegheny County, Pennsylvania)
Ord. 304
7/30/1997
Authorizing the incurring of nonelectoral debt by the Township of North Fayette, County of Allegheny, Commonwealth of Pennsylvania, for the purpose of providing funds for various capital projects
Ord. 326
8/28/2001
Authorizing the incurring of nonelectoral debt by the Township of North Fayette, County of Allegheny, Commonwealth of Pennsylvania, for the purpose of providing funds for various capital projects
Ord. 349
4/23/2003
Authorizing the incurring of nonelectoral debt by the Township of North Fayette, County of Allegheny, Commonwealth of Pennsylvania, for the purposes of providing for the costs of projects, the costs of the refunding program and paying the costs of issuing the bonds; finding a sale by negotiation to be in the best interest of the Township; accepting a proposal for the purchase of the bonds; authorizing the incurring of nonelectoral debt by the issuance of Township of North Fayette general obligation bonds, series of 2003; directing the filing of the necessary documents with the department of community and economic development; appointing a paying agent, registrar, and sinking fund depositary; describing the bonds, including method of payment, manner of exchange and transfer, and manner of execution and authentication
Res. 14-2007
2007
Authorizing the obtaining of a loan and grant from the Pennsylvania Department of Community and Economic Development by the Township of North Fayette ("borrower"), in an aggregate principal amount of up to $1,457,625, for the purpose of providing funds to finance the cost of construction of improvements to the sewer and water system infrastructure of the borrower, to pay costs and expenses of securing such loan; approving the form, terms and conditions of the loan and grant documents; authorizing the execution of the loan and grant documents and providing for the authentication and delivery thereof; and the disposition of the proceeds to be received from the loan and grant
Ord. 381
8/28/2007
Increasing the indebtedness of the Township of North Fayette, Allegheny County, Pennsylvania, by the issue of a revenue obligation note in the amount of $1,457,625 for sundry purposes; fixing the form, number, date, interest, and maturity thereof; making a covenant for the payment of the debt service on the note; providing for the filing of the required documents; providing for the appointment of a sinking fund depository for the note; and authorizing execution, sale and delivery thereof
Ord. 390
5/13/2008
Increasing the nonelectoral indebtedness of the Township, by issue of a general obligation note in the amount of $3,000,000, for sundry purposes; fixing the form, number, date, and interest, and maturity thereof; making a covenant for the payment of the debt service on the note; providing for the filing of the required documents; providing for the appointment of a sinking fund depository for the note; and authorizing execution, sale and delivery thereof.
Ord. 397
6/16/2009
Authorizing the incurring of nonelectoral debt by the issuance of general obligation notes in an aggregate principal amount of $9,290,000; covenanting to pay, and pledging unlimited taxing power for the payment of, the notes; establishing a sinking fund and appointing a sinking fund depository; fixing the form, maximum interest rates, maturity, redemption and other provisions for the payment thereof; covenanting to accept a proposal for the purchase of the notes; authorizing a filing of required documents with the Department of Community and Economic Development; ratifying and directing certain actions of officers; and making certain other covenants and provisions in respect of the notes
Ord. 410
4/10/2012
Authorizing the incurring of nonelectoral debt by the issuance of general obligation bonds in an aggregate principal amount not to exceed $16,120,000; covenanting to pay, and pledging unlimited taxing power for the payment of, the bonds; establishing a sinking fund and appointing a sinking fund depository; fixing the form, maximum interest rates, maturity, redemption and other provisions for the payment thereof; covenanting to accept a proposal for the purchase of the bonds; authorizing a filing of required documents with the Department of Community and Economic Development; ratifying and directing certain actions of officers; and making certain other covenants and provisions in respect of the bonds
Ord. 419
2/25/2014
Authorizing the incurring of nonelectoral debt by the issuance of general obligation bonds in an aggregate principal amount not to exceed $11,085,000
Ord. 429
3/10/2015
Authorizing and directing the issuance of a general obligation note, series of 2015, in the principal amount not to exceed $2,000,000
Ord. 432
10/27/2015
Authorizing the incurring of nonelectoral debt for the purposes of providing for the cost of the projects and paying the costs of issuing the bonds