BETHEL PARK SCHOOL DISTRICT ENACTMENT NOTICE UNDER LOCAL GOVERNMENT UNIT DEBT ACT Notice is hereby given that the Board of School Directors of Bethel Park School District, at a meeting held on May 10, 2016, adopted a Resolution titled and summarized as follows: AUTHORIZING THE INCURRING OF NONELECTORAL DEBT BY THE ISSUANCE OF GENERAL OBLIGATION BONDS IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED NINETY MILLION NINE HUNDRED AND NINETY THOUSAND DOLLARS ($90,990,000) FOR THE PURPOSE OF REFUNDING EXISTING INDEBTEDNESS; COVENANTING TO PAY, AND PLEDGING ALL AVAILABLE TAXING POWER OF THE LOCAL GOVERNMENT UNIT FOR THE PAYMENT OF, THE BONDS; ESTABLISHING A SINKING FUND AND APPOINTING A SINKING FUND DEPOSITORY; FIXING THE FORM, MAXIMUM INTEREST RATES, MATURITY DATES AND OTHER PROVISIONS FOR THE PAYMENT THEREOF; AUTHORIZING THE ACCEPTANCE OF 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 amended from its proposed form upon final passage to remove references to new capital project funding, to specify a savings target and to attach debt service schedules. The interest rates (or yields) on the Bonds range from a maximum of 6.00% in 2016 to a maximum of 6.00% in 2033. The Bonds were purchased by PNC Capital Markets, LLC at a purchase price of not less than 95.00% of the principal amount of the Bonds, inclusive of both underwriter's discount and original issue discount. The full text of the Resolution as adopted may be examined by any citizen between the hours of 9:00 AM to 4:00 PM on regular school business days at the office of the Secretary, Bethel Park School District, 301 Church Road, Bethel Park, PA 15102. BETHEL PARK SCHOOL DISTRICT Matthew W. Howard Secretary 412-833-5000
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