EAST ALLEGHENY SCHOOL DISTRICT SUMMARY NOTICE UNDER LOCAL GOVERNMENT UNIT DEBT ACT Notice is hereby given that the Board of School Directors of the East Allegheny School District will consider, at a regular meeting to be held virtually on Monday, November 9, 2020, at 7:00 p.m., together with such other business as may come before the Board, the adoption of a resolution authorizing nonelectoral debt in the presently estimated original issuance amount not to exceed $22,000,000 and summarized as follows: Article 1 defines certain terms, including the Bonds and the Project, which consists generally of: (1) the current refunding of the outstanding principal amount of the East Allegheny School District General Obligation Bonds, Refunding Series of 2014, in order to achieve debt service savings over the life of the series, (2) the current refunding of the outstanding principal amount of the East Allegheny School District General Obligation Bonds, Refunding Series of 2015 in order to achieve debt service savings over the life of the series, and (3) the payment of all costs and expenses incurred by the School District in connection with the issuance and sale of the Bonds.. Articles 2 and 3 authorize the incurrence of nonelectoral debt by the issuance of General Obligation Bonds, and establish a sinking fund. Article 4 provides the form, maturity amounts, interest rates and the terms and provisions for the payment of the Bonds. Articles 5, 6, 7 and 8 address the Sinking Fund Depositary, events of default, and amendment and discharge of the security documents. Article 9 contains federal income tax covenants; Article 10, securities law covenants. Article 11 provides for the sale of the Bonds, establishes certain funds and sets forth certain directions for Settlement, while Article 12 authorizes other related and necessary actions. Anyone interested in observing the virtual School Board meeting can log onto the School District's website at www.eawildcats.net for the virtual meeting link, the agenda and other information related to the meeting. The full text of the Resolution as proposed may be examined by any citizen between the hours of 8:00 a.m. to 4:00 p.m., Monday through Friday at the Administrative Offices, East Allegheny School District, 1150 Jacks Run Road North Versailles, Pennsylvania 15137-2797. Toni Valicenti Board Secretary (412) 824-8012