
BOROUGH OF WILKINSBURG ENACTMENT NOTICE UNDER LOCAL GOVERNMENT UNIT DEBT ACT Notice is hereby given that the Borough Council of Borough of Wilkinsburg at a special meeting held on August 5, 2020, adopted an Ordinance titled and summarized as follows: AUTHORIZING THE INCURRING OF NONELECTORAL DEBT BY THE ISSUANCE OF GENERAL OBLIGATION BONDS IN THE AGGREGATE PRINCIPLE AMOUNT NOT TO EXCEED SEVEN MILLION FIVE HUNDRED THOUSAND DOLLARS ($7,500,000) TO PROVIDE FOR THE CURRENT REFUNDING OF THE GENERAL OBLIGATION BONDS, SERIES OF 2015 AND THE ADVANCE REFUNDING OF THE FEDERALLY TAXABLE GENERAL OBLIGATION BONDS, SERIES C OF 2011, AND PAY RELATED COSTS OF ISSUANCE; 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, INTEREST RATE, MATURITY, REDEMPTION AND OTHER PROVISIONS FOR THE PAYMENT THEREOF; ACCEPTING 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. The Resolution was not amended from its proposed form upon final passage. The fixed interest rates on the Bonds range from 5.000% in 2021 thru 2023. The Bonds will be purchased at no less than 98.00% of the principal amount of the bonds, plus net original issue premium, minus net original issue discount by RBC Capital Markets, LLC. The full text of the Resolution may be examined by any citizen between the hours of 8:30 a.m. to 4:30 p.m., Monday through Friday at the Borough Offices, 605 Ross Avenue Wilkinsburg, Pennsylvania 15221-2145. Amanda Ford Borough Secretary (412) 244-2900