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BURRELL SCHOOL DISTRICT SUMMARY NOTICE UNDER LOCAL GOVERNMENT UNIT

Description:

BURRELL SCHOOL DISTRICT

SUMMARY NOTICE

UNDER LOCAL GOVERNMENT UNIT DEBT ACT

 

Notice is hereby given that the Board of School Directors of the Burrell School District at a meeting to be held at 7:30 p.m. on April 21 2026 in the High School Board Room located at 1021 Puckety Church Road Lower Burrell PA will consider the adoption of a resolution authorizing nonelectoral debt in an amount not expected to exceed $24000000 and summarized as follows:

 

Article 1 defines certain terms including the Bonds and the Project which consists generally of payment of the costs of: (i) upgrades and installation of heating ventilation air conditioning boilers and  controls at Bon Air Elementary School additions and renovations at Bon Air Elementary School repaving parking lots at various buildings resurfacing tennis courts playgrounds and gymnasium floors at various buildings roof replacement at various buildings and other miscellaneous capital projects to District facilities including without limitation High School Auditorium improvements to the lighting and roof renovation or conversion of the High School Pool window replacements and repairs at various buildings and improvements at the Middle School; (ii) capitalized interest; and (iii) issuing and insuring the Bonds.

 

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

 

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

 

Article 9 contains federal income tax covenants; Article 10 securities law covenants.

 

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

 

The full text of the Resolution as proposed may be examined by any citizen from 8:00 a.m. to 4:00 p.m. Monday through Friday at the Administrative Offices of the District 1021 Puckety Church Road Lower Burrell PA 15068.

 

Jennifer S. Callahan

Business Administrator/Board Secretary

724/334-1406

407913 (4/16/26)

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Date Added: April 16, 2026
Expiration: 7 Day(s)
   
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