
BOROUGH OF BLAWNOX ENACTMENT NOTICE UNDER LOCAL GOVERNMENT UNIT DEBT ACT Notice is hereby given that the Borough Council of the Borough of Blawnox, at a meeting held on October 13, 2021, enacted an ordinance titled and summarized as follows: AUTHORIZING THE INCURRING OF NONELECTORAL DEBT BY THE ISSUANCE OF GENERAL OBLIGATION NOTE IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED TWO MILLION SIX HUNDRED SEVENTY FIVE THOUSAND SIX HUNDRED DOLLARS ($2,675,600); COVENANTING TO PAY, AND PLEDGING UNLIMITED TAXING POWER FOR THE PAYMENT OF, THE NOTE (HEREINAFTER DEFINED); FIXING THE FORM, INTEREST RATE, MATURITY, REDEMPTION AND OTHER PROVISIONS FOR THE PAYMENT THEREOF; AUTHORIZING THE ACCEPTANCE OF A PROPOSAL FOR THE PURCHASE OF THE NOTE; 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 NOTE. The Ordinance was amended from its proposed form upon final passage to insert the form of Purchase Proposal. The interest rate on the Note is 2.09%. The Note will be purchased by Peoples Security Bank and Trust Company, at a purchase price of par. The full text of the Ordinance, as enacted, may be viewed at the Blawnox Borough Building, 376 Freeport Road, Pittsburgh, Pennsylvania 15238, between 9 a.m. and 1 p.m. Monday through Friday. Further, a copy of the Ordinance is available at the office of the Borough's Solicitor: John F. Cambest, Southpointe Town Center, 1900 Main Street, Canonsburg, PA. Borough of Blawnox 412-828-4141