NOTICE
NOTICE IS HEREBY GIVEN ...
NOTICE
NOTICE IS HEREBY GIVEN ...
NOTICE
NOTICE IS HEREBY GIVEN that on July 21, 2025, at 7:00 p.m., at the Mt. Oliver Borough Municipal Building, 150 Brownsville Road, Pittsburgh, PA 15210 the officers of the Mt. Oliver Borough Council, Allegheny County, Pennsylvania, will hold a public meeting to act on an ordinance (of which this notice is the summary) authorizing the issuance of and awarding not in excess of $500,000.00, principal amount, guaranteed revenue note, at a private sale. If enacted, the ordinance will award the Note to the purchaser thereof, approve the substantial form thereof, fix the rate of interest to be paid, pledge project revenues and the full faith and credit of the local government unit for the payment thereof, create a sinking fund and authorize the proper officers to take the necessary steps to issue the Note. The funds to be obtained from the borrowing will be used for repairing defective sanitary sewer lines and manholes through excavation, replacement and relining.
The title and summary of the proposed Ordinance is as follows:
AN ORDINANCE OF THE BOROUGH OF MT. OLIVER, COUNTY OF ALLEGHENY, PENNSYLVANIA, INCREASING THE INDEBTEDNESS OF THE BOROUGH BY THE ISSUE OF A GUARANTEED REVENUE NOTE IN THE MAXIMUM PRINCIPAL AMOUNT NOT TO EXCEED $500,000.00 FOR PURPOSES OF REPAIRING DEFECTIVE SEWER LINES AND MANHOLES; FIXING THE FORM DATES, INTEREST, AND MATURITY THEREOF; MAKING A COVENANT FOR THE PAYMENT OF THE DEBT SERVICE ON THE NOTE; PROVIDING FOR THE FILING OF THE REQUIRED DOCUMENTATION WITH THE DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT TO INCUR AND EXCLUDE ADDITIONAL DEBT OF THE GOVERNMENTAL UNIT; PROVIDING FOR THE APPOINTMENT OF A SINKING FUND DEPOSITORY FOR THE NOTE; PROVDING FOR THE AUTHORIZED SIGNATORIES AND AUTHORIZING EXECUTION, SALE AND DELIVERY THEREOF.
A copy of the full text of the proposed ordinance may be examined, without charge, by any citizen in the office of the Secretary of the Borough of Mt Oliver at the address set forth above on week days during regular business hours.
BOROUGH OF MT. OLIVER
Rick Hopkinson, Manager
NOTICE
NOTICE IS HEREBY GIVEN that on July 21, 2025, at 7:00 p.m., at the Mt. Oliver Borough Municipal Building, 150 Brownsville Road, Pittsburgh, PA 15210 the officers of the Mt. Oliver Borough Council, Allegheny County, Pennsylvania, will hold a public meeting to act on an ordinance (of which this notice is the summary) authorizing the issuance of and awarding not in excess of $500,000.00, principal amount, guaranteed revenue note, at a private sale. If enacted, the ordinance will award the Note to the purchaser thereof, approve the substantial form thereof, fix the rate of interest to be paid, pledge project revenues and the full faith and credit of the local government unit for the payment thereof, create a sinking fund and authorize the proper officers to take the necessary steps to issue the Note. The funds to be obtained from the borrowing will be used for repairing defective sanitary sewer lines and manholes through excavation, replacement and relining.
The title and summary of the proposed Ordinance is as follows:
AN ORDINANCE OF THE BOROUGH OF MT. OLIVER, COUNTY OF ALLEGHENY, PENNSYLVANIA, INCREASING THE INDEBTEDNESS OF THE BOROUGH BY THE ISSUE OF A GUARANTEED REVENUE NOTE IN THE MAXIMUM PRINCIPAL AMOUNT NOT TO EXCEED $500,000.00 FOR PURPOSES OF REPAIRING DEFECTIVE SEWER LINES AND MANHOLES; FIXING THE FORM DATES, INTEREST, AND MATURITY THEREOF; MAKING A COVENANT FOR THE PAYMENT OF THE DEBT SERVICE ON THE NOTE; PROVIDING FOR THE FILING OF THE REQUIRED DOCUMENTATION WITH THE DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT TO INCUR AND EXCLUDE ADDITIONAL DEBT OF THE GOVERNMENTAL UNIT; PROVIDING FOR THE APPOINTMENT OF A SINKING FUND DEPOSITORY FOR THE NOTE; PROVDING FOR THE AUTHORIZED SIGNATORIES AND AUTHORIZING EXECUTION, SALE AND DELIVERY THEREOF.
A copy of the full text of the proposed ordinance may be examined, without charge, by any citizen in the office of the Secretary of the Borough of Mt Oliver at the address set forth above on week days during regular business hours.
BOROUGH OF MT. OLIVER
Rick Hopkinson, Manager
Posted Online 6 hours ago
