HAMPTON TOWNSHIP SCHOOL DISTRICT ENACTMENT NOTICE UNDER LOCAL GOVERNMENT UNIT DEBT ACT Notice is hereby given that the Board of School Directors of Hampton Township School District, at a meeting held on June 14, 2021, adopted separate Resolutions 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 TEN MILLION FIVE HUNDRED THOUSAND AND 00/100 DOLLARS ($10,500,000.00); 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, MAXIMUM INTEREST RATES, MATURITY DATES, REDEMPTION AND OTHER PROVISIONS FOR THE PAYMENT THEREOF; COVENANTING TO ACCEPT A PROPOSAL FOR THE PURCHASE OF THE BONDS ONCE THE COMMITTEE FORMED FOR THE PURPOSE OF ANALYZING THE TRANSACTION DETERMINES THAT THE SAVINGS TO BE ACHIEVED FROM THE ISSUANCE OF THE BONDS WILL BE NOT LESS THAN 3% OF THE PRINCIPAL AMOUNT OF THE PRIOR BONDS BEING REFUNDED; 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. And AUTHORIZING THE INCURRING OF NONELECTORAL DEBT BY THE ISSUANCE OF GENERAL OBLIGATION BONDS, IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED SEVENTEEN MILLION FOUR HUNDRED SIXTY-FIVE THOUSAND AND 00/100 DOLLARS ($17,465,000.00); 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, MAXIMUM INTEREST RATES, MATURITY DATES, REDEMPTION AND OTHER PROVISIONS FOR THE PAYMENT THEREOF; COVENANTING TO ACCEPT A PROPOSAL FOR THE PURCHASE OF THE BONDS ONCE THE COMMITTEE FORMED FOR THE PURPOSE OF ANALYZING THE TRANSACTION DETERMINES THAT THE ESTIMATED INCREASE IN DEBT SERVICE PAYMENTS AS A RESULT OF THE ISSUANCE OF THE BONDS WILL NOT EXCEED $200,000 OVER THE REMAINING TERM 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. Each Resolution was amended from its proposed form to finalize the parameter that must be met to allow for the acceptance of a Bond Purchase Agreement. The maximum interest rate on both sets of Bonds, once issued, is 6.00%. The Bonds will be purchased at not less than 95% of the principal amount by Piper Sandler & Co., Pittsburgh, Pennsylvania. The full text of each Resolution as proposed may be examined by any citizen from 8:00 a.m. to 4:00 p.m. Monday through Friday at the Administrative Offices of the Hampton Township School District, 4591 School Drive, Allison Park, PA 15101. Jeffrey Kline Director of Administrative Services 412/492-6308