Summary notice under local government unit debt act
LEGAL NOTICE
SHALER AREA SCHOOL DISTRICT
ALLEGHENY COUNTY
COMMONWEALTH OF PENNSYLVANIA
SUMMARY OF PROPOSED RESOLUTION UNDER LOCAL GOVERNMENT UNIT DEBT ACT.
Public notice is hereby given that on July 1, 2020 at 6:00 p.m. a public meeting of the Board of Directors (the “Board”) of the Shaler Area School District (the “District”), will be held at the Board Room, Administration Building, 1800 Mt. Royal Blvd., Glenshaw, PA 15116, such location to be used if the restrictions related to COVID-19 are lifted, or in the alternative at a meeting of the Board not less than three (3) nor more than thirty (30) days from the date of advertisement of this notice, at which meeting the Board will consider the adoption of a proposed Resolution for the termination of qualified interest rate management agreements pursuant to the Local Governmental Unit Debt Act (the “Act”). The following is a summary of the proposed Resolution.
The Resolution will approve terminations of Amended Interest Rate Management Agreements relating to the District’s General Obligation Bonds, Series A of 1997 (the “1997A Bonds”), General Obligation Bonds, Series of 2006 (the “2006 Bonds”) and the District’s General Obligation Bonds, Series B of 2016 (the “2016B Bonds”), authorize the proper officers of the District to execute and deliver the terminations; authorize the preparation of a transcript of proceedings to be filed with the Department of Economic and Community Development; and authorize the execution and delivery of other necessary documents and the taking of other necessary action in connection with the provisions set forth in the Resolution.
PLEASE NOTE, AT PRESENT, the DISTRICT INTENDS TO HOLD THE meeting on JULY 1, 2020 VIRTUALLY, using the ZOOM MEETING Platform and by telephone conference call. The call in number will be posted on the SHALER AREA School District website at www.SASD.K12.PA.US. The agendaS and other documents will also continue to be located on the website. ANY RESIDENT AND TAXPAYER DESIRING TO SPEAK During the public comment portionS of the virtual meeting MUST SUBMIT A WRITTEN REQUEST, INCLUDING HIS/HER NAME AND ADDRESS, TO THE BOARD SECRETARY VIA E-MAIL AS LISTED BELOW by 5 p.m. ON JULY 1, 2020. PERSONS SUBMITTING SUCH REQUESTS will be acknowledged TO SPEAK during the public comment portionS of the virtual meeting IN ACCORDANCE WITH BOARD POLICY.
The full text of the Resolution as proposed may be examined by any citizen between the hours of 9:00 a.m. to 4:00 p.m. on regular school business days at the Administrative Offices, Shaler Area School District, 1800 Mt. Royal Blvd, Glenshaw, PA 15116, if the restrictions related to the COVID-19 pandemic are lifted and the District offices are open. Until such time, citizens may request an electronic copy of the proposed Resolution by contacting the District’s Board Secretary. This Notice is given pursuant to Section 8003 of the Act. Pursuant to Act 20 of 1993, a reasonable period for public comment will be made available during the Board meeting. The Board may also take action on other matters which may properly come before the meeting.
SHALER AREA SCHOOL DISTRICT
Ms. Sherri L. Ludwig, CPA
Board Secretary
Director of Business Affairs
[email protected]
Posted: Monday, June 22, 2020