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GATEWAY SCHOOL DISTRICT MEETING AND SUMMARY NOTICE UNDER LOCAL

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GATEWAY SCHOOL DISTRICT MEETING AND SUMMARY

NOTICE UNDER LOCAL GOVERNMENT UNIT DEBT ACT

 

Notice is hereby given that the Board of School Directors of the Gateway School District at a meeting to be held at 6:00 p.m. on Monday April 27 2026. in the Administrative Offices Board Room 9000 Gateway Campus Boulevard Monroeville PA 15146 at which meeting or at any other properly constituted meeting duly called and held on any date not less than three nor more than thirty days after the publication of this notice will consider among other business that may come before the Board the adoption of a resolution authorizing nonelectoral debt in an amount not expected to exceed $26000000.00 and summarized as follows:

 

AUTHORIZING THE INCURRING OF NONELECTORAL DEBT FOR THE PURPOSE OF PROVIDING FUNDS FOR CERTAIN CAPITAL PROJECTS AND IMPROVEMENTS AND THE REFUNDING OF CERTAIN OUTSTANDING BONDS BY THE ISSUANCE OF GENERAL OBLIGATION BONDS IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED TWENTY SIX MILLION DOLLARS ($26000000.00); COVENANTING TO PAY AND PLEDGING UNLIMITED TAXING POWER FOR THE PAYMENT OF THE BONDS; ESTABLISHING A SINKING FUND AND APPOINTING A SINKING FUND DEPOSITORY; FIXING THE FORM MAXIMUM INTEREST RATES MATURITY DATES AND OTHER PROVISIONS FOR THE PAYMENT THEREOF; COVENANTING TO ACCEPT A PROPOSAL FOR THE PURCHASE OF THE BONDS; AUTHORIZING A FILING OF REQUIRED DOCUMENTS WITH THE DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT; RATIFYING AND DIRECTING CERTAIN ACTIONS OF OFFICERS; AND MAKING CERTAIN OTHER COVENANTS AND PROVISIONS IN RESPECT OF THE BONDS.

 

The full text of the Resolution as proposed may be examined by any citizen from 8:00 a.m. to 4:30 p.m. on regular school business days in the Office of the Board Secretary Janet Estok Administrative Offices 9000 Gateway Campus Boulevard Monroeville PA 15146.

 

Michael Zourelias Business Manager & Board Treasurer

408139(4/21/26)

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Date Added: April 21, 2026
Expiration: 5 Day(s)
   
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