TOWNSHIP OF NORTH VERSAILLES ENACTMENT NOTICE UNDER LOCAL GOVERNMENT UNIT DEBT ACT Notice is hereby given that the Board of Commissioners of the Township of North Versailles, at a meeting held on March 16, 2017, enacted an Ordinance titled and summarized as follows: AUTHORIZING THE INCURRING OF LEASE RENTAL INDEBTEDNESS IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED SIX MILLION FIVE HUNDRED NINETY THOUSAND DOLLARS ($6,590,000) BY THE EXECUTION AND DELIVERY OF A GUARANTY AGREEMENT BETWEEN THE TOWNSHIP OF NORTH VERSAILLES AND THE NORTH VERSAILLES TOWNSHIP SANITARY AUTHORITY IN SUPPORT OF THE DEBT SERVICE ON THE BONDS TO BE ISSUED BY THE NORTH VERSAILLES TOWNSHIP SANITARY AUTHORITY AND FOR THE BENEFIT OF THE HOLDERS OF THE BONDS; COVENANTING TO PAY, AND PLEDGING UNLIMITED TAXING POWER FOR THE PAYMENT OF ITS OBLIGATIONS UNDER THE GUARANTY; AUTHORIZING FILINGS OF REQUIRED DOCUMENTS WITH THE DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT; DIRECTING ACTIONS OF OFFICERS AND OTHER ACTIONS; AND MAKING OTHER COVENANTS IN RESPECT OF THE GUARANTY. The Ordinance was amended from its proposed form upon final passage to attach the maximum debt service schedules in respect of the guaranty. The maximum lease rental payments authorized by the Ordinance in any year range from $397,700.00 to $715,500.00. The full text of the Ordinance as enacted may be examined by any citizen between the hours of 8:30 a.m. and 4:00 p.m., Monday through Friday at the North Versailles Township Municipal Building located at 1401 Greensburg Avenue, North Versailles, Pennsylvania, 15137. Patricia Logo, Township Manager, 412-823-6602
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