Notice is hereby given that the Board of Commissioners of the County of Fayette will consider, at a special meeting to be held on Tuesday, February 2, 2021 at 2 p.m. (or at such other time, on such other date, not later than 30 days following the publication of this notice, as the Board shall lawfully determine) in the Commissioners’ Conference Room, Fayette County Courthouse, 61 East Main Street, Uniontown, PA 15401, along with such other general business matters as may come before the Board, the enactment of an ordinance authorizing non-electoral debt and summarized as follows:

                   Article 1 defines certain terms, including the Notes and the Project, which consists generally of:  (i) refunding the County’s General Obligation Bonds, Series 2011B, 2012 and 2017 in order to reduce debt service payments and eliminate restrictive covenants; (ii) the construction of repairs and improvements to various facilities; and (iii) the costs of issuing the Notes.

                   Articles 2 and 3 authorize the incurrence of nonelectoral debt by the issuance of General Obligation Notes, and establish a sinking fund.

                   Article 4 provides the form, maturity amounts, interest rates and the terms and provisions for the payment of the Notes.   Articles 5, 6, 7 and 8 address the Sinking Fund Depository, events of default, and amendment and discharge of the security documents.

                   Article 9 is contains federal tax law covenants, and Article 10 contains federal securities law covenants.

                   Article 11 provides for the sale of the Notes, establishes certain funds and sets forth certain directions for settlement, while Article 12 authorizes other related and necessary actions.

PLEASE NOTE:  IN LIGHT OF CURRENT STATE MANDATES REGARDING PUBLIC ASSEMBLY DURING THE PRESENT CORONAVIRUS OUTBREAK, THE SPECIAL MEETING WILL BE CONDUCTED IN AN ELECTRONIC FORMAT.  PERSONS WISHING TO ATTEND MAY REGISTER FOR THE ZOOM MEETING THROUGH THE LINK PROVIDED BELOW.

             The full text of the Ordinance as proposed can be found in the Agenda on the County Website or it may be examined by appointment between the hours of 8:30 a.m. to 4:30 p.m. on regular government business days at the office of the Chief Clerk, County of Fayette, Fayette County Courthouse, 61 Main Street, Uniontown, PA 15401.

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