• LEGAL NOTICE NOTICE IS HEREBY ...

LEGAL NOTICE
NOTICE IS HEREBY GIVEN that the Borough Council of the Borough of Forest Hills (the "Borough") will hold a public meeting on Wednesday, October 16, 2019, at 7:00 p.m., prevailing local time, at the Borough Building at 4400 Greensburg Pike, Pittsburgh, PA 15221, for general purposes and for the purpose of considering, inter alia, a proposal from RBC Capital Markets, LLC (the "Underwriter") for the purchase of the Borough's General Obligation Bonds, Series A of 2019 (the "Series A Bonds") and the Borough's General Obligation Bonds, FEDERALLY TAXABLE Series B of 2019 (the "Series B Bonds", together with the Series A Bonds, collectively the "Bonds"), in a total estimated aggregate principal amount not to exceed $8,000,000 (the "Bonds") and will take other action in connection with the incurring of non-electoral debt through the issuance of such bonds and at such meeting, or in the alternative at a meeting of the Borough Council held not less than three (3) nor more than thirty (30) days from the date of advertisement of this notice, the Borough will consider the adoption of an ordinance (the "Ordinance") summarized as follows:
The Ordinance authorizes the sale at private negotiated sale and the issuance of the Bonds, in an estimated aggregate principal amount of $8,000,000, awards the Bonds to the Underwriter; approves the form of the Bonds; fixes the rates of interest to be paid; pledges the full faith and credit of the Borough for the payment thereof; creates a sinking fund with separate accounts; and authorizes the proper officers to take the necessary steps to issue the Bonds. The funds to be obtained from the Series A Bonds will be used to (a) current refund all or a portion of the Borough's outstanding General Obligation Bonds, Series of 2012; and (b) pay the costs of issuing and insuring the Series A Bonds. The funds to be obtained from the Series B Bonds will be used to (a) advance refund all or a portion of the Borough's General Obligation Bonds, Series of 2015; and (b) pay the costs of issuing and insuring the Series B Bonds.
Omissions from the Ordinance, as proposed, including price paid and range of interest rates, as well as any amendments thereto, will be supplied at the time of the adoption of the Ordinance if the Borough shall determine to proceed.
The text of the proposed Ordinance may be examined by any citizen at the Borough Building, at the above address, Monday, Tuesday and Thursday from 9:00 a.m. to 3:00 p.m., Wednesday from 9:00 a.m. to 7:00 p.m. and Friday from 9:00 a.m. to 1:00 p.m.
BOROUGH OF FOREST HILLS
By: Steven Morus
Borough Manager
Dodaro, Matta & Cambest, PC
Bond Counsel
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PostedOctober 10, 2019