SPECIAL BOARD OF COMMISSIONERS

DANIEL S. BERNHEIM, PRESIDENT

September 13, 2017

AGENDA

 
When addressing the Board of Commissioners, please state your name and address before making comments. As a courtesy to all, comments made from the audience during testimony or Board deliberation are not permitted and are not included as part of the public record. Public speakers are encouraged to summarize their comments and limit presentation to three minutes per item. The Board requests that the audience silence their cell phones at the beginning of the meeting. The Township has an assistive listening system to accommodate the hearing impaired. Please advise Township staff if you wish to utilize this equipment.
1.Call to Order
2.Roll Call
3.Public Comment

The Floor is open to provide the opportunity for the public to address the Board on matters relating to agenda items which will be voted upon at this meeting.

 

Response to Public Comment - Appropriate time for any member of the Board, the Township Manager, or designated staff person to address or respond to any statement made by a member of the public during the Public Comment portion of the agenda.

4.Finance Committee
a.ADOPTION OF ORDINANCE - GENERAL OBLIGATION BONDS, SERIES A OF 2017

 

An Ordinance authorizing the incurrence of Nonelectoral Debt of the Township of Lower Merion by the issuance of $_________ General Obligation Bonds, Series A Of 2017 for the purpose of providing funds for and towards financing a portion of the Township’s ongoing Capital Improvement Program and paying the costs of issuing the Bonds; authorizing the preparation and filing of a Debt Statement and other documentation; covenanting to create a Sinking Fund and to budget, appropriate and pay Debt Service on the Bonds and pledging the full faith, credit and taxing power of the Township for the Bonds; setting forth the Substantial Form of Bonds; setting forth the stated principal maturity amounts and dates, interest rates and interest payment dates, place of payment, Sinking Fund provisions and other details of the Bonds; authorizing the execution of a supplement to Continuing Disclosure Agreement; finding that a private invited sale of the Bonds is in the best financial interest of the Township and accepting a proposal for the purchase of the Bonds; appointing a Paying Agent and Sinking Fund Depository; and authorizing other necessary action.

 

 

 

This Ordinance was authorized for advertising at the August 2, 2017 stated meeting of the Board of Commissioners and duly advertised in the September 8, 2017 issue of the Times Herald.

 

5.Adjournment