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POTTER TOWNSHIP Centre County, Pennsylvania NOTICE IS HEREBY GIVEN that the Board of Supervisors of Potter Township (the "Township") at its public meeting scheduled for July 21, 2025 at 7:00 p.m. at 124 Short Road, Spring Mills, PA 16875 will, among other things, consider a proposal for the purchase of the Township's General Obligation Note, Series of 2025 (Tax Exempt) in the maximum principal amount of $330,000.00 (the "Note"), and will take other action in connection with the incurring of non-electoral debt through the issuance of such Note at the meeting. The Township will consider the enactment of an ordinance (the "Ordinance") summarized as follows: The Ordinance authorizes the sale and issuance of the Note to the Commonwealth of Pennsylvania, Department of Transportation (via the Pennsylvania Infrastructure Bank) ("PennDOT") upon the terms of PennDOT's proposal; approves the terms and substantial form of the Note; pledges the full faith and credit of the Township for the payment thereof; authorizes the proper officers of the Township to appoint Jersey Shore State Bank as sinking fund depository; creates a sinking fund; and authorizes the proper officers to take the steps necessary to issue the Note. The Note shall carry a tax-exempt fixed rate of interest of 4.25% per annum and shall mature ten years from execution. The funds to be obtained from the Note will be used for a bridge replacement project on the Lower Georges Valley Road Bridge in the Township. Omissions from the Ordinance, as proposed, as well as any amendments thereto, will be supplied at the time of the Ordinance, if the Township shall determine to proceed. The Ordinance may be reviewed at 124 Short Road, Spring Mills, PA 16875 during regular business hours, and copies are available upon request at cost. Any person with a disability requiring a special accommodation to attend any meeting of the Board of Supervisors should notify the Secretary at (814) 364-9176 as early as possible. The Potter Township Office will make every effort to provide a reasonable accommodation. Lisa Kroner, Township Secretary POTTER TOWNSHIP, CENTRE COUNTY, PENNSYLVANIA IPL0254208 Jul 15 2025
Post Date: 07/15 12:00 AM
Refcode: #IPL0254208 
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