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Ordinance No.
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Bond/Loan Description
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Date
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61
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Issuance of a general obligation bond in the amount of $100,000
to American Bank and Trust Co. of Pa. to finance the purchase of a
prefabricated building and to construct, alter, partition and otherwise
improve the same to make said building adaptable for use as a town
hall
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__/__/19751
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68
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Issuance by the Municipal Authority of the Township of Lower
Heidelberg, Berks County, Pennsylvania of a sewer revenue bond in
the amount of $90,000 for the acquisition and construction of certain
sewage collection system for the Penn Werner Park area, incurred as
lease rental debt pursuant to a Lease between the Township, as lessee,
and the Authority, as lessor
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6/24/1976
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133
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Increasing the indebtedness of the Township by the issue of
a General Obligation Note in the amount of $300,000 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
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2/18/1991
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201
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Setting forth the Township's intent to issue its General
Obligation Note, Series of 2000 in the principal amount of $925,000
pursuant to the Local Government Unit Debt Act, as reenacted, amended
and supplemented;
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12/20/1999
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finding that a private sale by negotiation is in the best financial
interests of the Township;
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determining that the Note shall evidence nonelectoral debt of
the Township;
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specifying that such indebtedness is to be incurred to provide
funds to finance a project which consists of, among other things:
(a) the refunding of General Obligation Note, Series of 1991; (b)
paying the costs and expenses of an addition to the Township building;
and (c) paying the costs and expenses of issuing the Note;
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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;
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making certain findings with respect to the refunding project;
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accepting a proposal for the purchase of the Note at private
sale by negotiation;
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providing that the Note, when issued, shall constitute a general
obligation of the Township;
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designating the Note as a "qualified tax-exempt obligation;
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fixing the denomination, date, interest payment dates, principal
payment dates, maturity date, interest rate, redemption provisions
and place of payment of the principal and interest on the Note;
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appointing a paying agent and authorizing specified officers
of the Township to contract with the paying agent;
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setting forth the substantial form of the Note evidencing the
debt;
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authorizing execution and attestation of the Note;
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providing covenants related to the payment of the debt service
applicable to the 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 the Note, to the
extent required by the Act;
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designating the paying agent to be the sinking fund depositary;
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providing a covenant to insure prompt and full payment for the
Note when due;
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setting forth registration and transfer provisions with respect
to the Note;
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authorizing and directing specified officers of the Township
to do, take and 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;
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declaring that the debt to be evidenced by the Note, together
with all other indebtedness of the Township, will not be in excess
of any applicable limitation imposed by the Act;
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authorizing proper officers of the Township to deliver the Note
upon the approval of the Department of Community and Economic Development;
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setting forth certain covenants precluding the Township from
taking actions which would cause the Note to become an Arbitrage Bond;
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providing for severability of provisions;
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repealing all ordinances or resolutions or parts thereof insofar
as the same shall be inconsistent;
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and providing when this Ordinance shall become effective.
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206
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Increasing the indebtedness of the Township by the issue of
a General Obligation Note in the amount of $300,000 for the purpose
of financing the completion of the construction of a new Township
municipal building; 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 document; providing
for the appointment of a sinking fund depositary for the Note; and
authorizing execution, sale and delivery thereof.
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1/15/2001
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212
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Increasing the indebtedness of the Township by the issue of
a General Obligation Note in the amount of $1,300,000 for the purpose
of refinancing existing indebtedness of the Township with First National
Bank of Leesport and financing the cost of assets associated with
construction of additions and improvements to certain real estate
located at 720 Brownsville Road in the Township, upon which is situate
the Township Municipal Building; 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 document;
providing for the appointment of a sinking fund depository for the
Note; and authorizing execution, sale and delivery thereof
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11/19/2001
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212
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Increasing the indebtedness of the Township
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11/19/2001
|
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232
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Authorizing and directing incurring of nonelectoral debt through
the issuance of general obligation bonds of the Township in the aggregate
principal amount of $2,365,000 pursuant to the Act of the General
Assembly of the Commonwealth of Pennsylvania, 53 Pa. C.S. Chapters
80-82, 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
Note, Series of 2001; (b) the financing of certain capital projects;
and (c) the payment of the costs and expenses of issuing the bonds;
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8/1/2003
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setting forth the reasonable estimated useful lives of the capital
projects to be refinanced by the bonds;
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accepting a proposal for the purchase of such bonds at private
sale by negotiation;
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providing that such bonds, when issued, shall constitute a general
obligation of the Township;
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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;
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authorizing specified officers of the Township to contract with
the paying agent for its services in connection with the bonds;
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setting forth the substantial form of the bonds evidencing the
debt;
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authorizing execution and attestation of such bonds;
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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;
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creating a sinking fund in connection with such bonds, to the
extent required by the Act;
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designating the paying agent to be the sinking fund depositary;
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providing a covenant to insure prompt and full payment for such
bonds when due;
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setting forth registration and transfer provisions with respect
to such bonds;
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authorizing the execution of one or more investment agreements
by specified officers of the Township (if applicable) and the purchase
of certain U.S. Treasury obligations or any other securities or investments
in connection with the project;
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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;
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declaring that the debt 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;
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authorizing proper officers of the Township to deliver the bonds
upon the approval of the Department of Community and Economic Development;
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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");
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authorizing the purchase of bond insurance (if applicable);
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setting forth the provisions, if any required to be included
by the bond insurer;
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authorizing the execution of a continuing disclosure certificate,
if applicable, and covenanting to comply with the provisions thereof;
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approving the form of preliminary official statement and official
statement;
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providing for settlement account;
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stating authority for enactment of ordinance and applying mandatory
provisions of Local Government Unit Debt Act whether or not set forth;
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stating that ordinance is contract with registered owners of
bonds and remedies thereto entitled;
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providing for amendment of ordinance;
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stating that covenants are for sole and exclusive benefit of
Township and registered owners of bonds;
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providing when this ordinance shall become effective;
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providing for severability of provisions;
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and repealing all ordinances or parts of ordinances insofar
as the same shall be inconsistent herewith.
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283
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Setting forth the Township's intent to issue its general obligation
note, Series of 2009, in the aggregate principal amount of $1,616,000
to finance various capital projects of the Township including the
acquisition of equipment; the construction, reconstruction, renovation
and improvement of and to various facilities of the Township; the
construction, reconstruction, renovation and improvement of and to
certain streets and roadways of the Township and to pay the costs
and expenses of issuing the note
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5/29/2009
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310
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Authorizing the issuance of a general obligation note, Series
A of 2012, in the aggregate principal amount of $2,022,000, and Series
B of 2012, in the aggregate principal amount of $1,020,000, to provide
funds to refinance the Township's general obligation note, Series
of 2009, and the current refunding of a portion of the Township's
general obligation bonds, Series of 2003; and to provide funds to
finance certain capital projects of the Township, including the costs
associated with the acquisition of a salt shed, the costs of bridge
repairs, and the costs of road repairs and construction
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7/10/2012
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318
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Authorizing the issuance of a general obligation note, series
of 2013, in the amount of $1,810,000, for road repairs and construction
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4/15/2013
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