
CHARTIERS VALLEY SCHOOL DISTRICT ENACTMENT NOTICE UNDER LOCAL GOVERNMENT UNIT DEBT ACT Notice is hereby given that the Board of School Directors of Chartiers Valley School District, at a meeting held on October 26, 2021, adopted a Resolution titled and summarized as follows: AUTHORIZING THE INCURRING OF NONELECTORAL DEBT BY THE ISSUANCE OF GENERAL OBLIGATION BONDS, SERIES A OF 2021 IN AN AGGREGATE PRINCIPAL AMOUNT NOT-TO-EXCEED TWENTY-ONE DOLLARS ($21,000,000); 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, REDEMPTION 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 maximum principal amount of the Bonds was increased from the time of publication of the Summary Notice and the sum of $17,000,000 was identified as the expected amount of net proceeds to be realized from the financing; other than that, the Resolution was not amended from its proposed form upon final passage. The interest rates, or yields, on the Bonds are stated at a maximum rate of 6.00% across the full term, from 2023 to 2050. The Bonds were purchased by PNC Capital Markets, LLC at a purchase price of not less than 95.00% of the par amount (such discount from par to be inclusive of both original issue discount and underwriter's discount), together with accrued interest, if any, to the date of delivery. The full text of the Resolution as adopted may be examined by any citizen by appointment between the hours of 8:00 AM to 3:00 PM on regular school business days at the office of the Secretary, Chartiers Valley School District, 2030 Swallow Hill Road, Pittsburgh, PA 15220, or on the District's website, at www.cvsd.net. CHARTIERS VALLEY SCHOOL DISTRICT Kim Borza Secretary 412-429-2201