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Resolution approving a Project for the benefit of Carnegie Mellon University to be financed by the Allegheny County Higher Education Building Authority by the issuance of the Authority's University Revenue Bonds (Carnegie Mellon University) Series 2006 to be issued in aggregate principal amount not in excess of $165,000,000, provided that the taxing power of the County of Allegheny, Pennsylvania, shall not be obligated in any way with respect to the Bonds, and determining that the purpose of the financing will be to benefit the health and welfare of the citizens of Allegheny County, Pennsylvania, and constituting the elected official approval required by Section 147 of the Internal Revenue Code of 1986, as amended.
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Whereas, Carnegie Mellon University (“University”) has requested that the Allegheny County Higher Education Building Authority (“Authority”) finance the “Project” hereafter described by the issuance of the Authority's University Revenue Bonds (Carnegie Mellon University) Series 2006 (“Bonds”) in an aggregate principal amount not in excess of $165,000,000; and
Whereas, the Project (“Project”) shall consist of all or any portions (as determined by the University) of the following:
(a) capital projects including construction or improvement of new and existing University facilities including the Gates Center for Computer Science and related parking garage, the University Center, Wean Hall, the East Campus Garage, University Technology Development Center, Cyert Hall, the Physical Plant Building and Doherty Hall; acquisition of and renovations to 300 South Craig Street; land improvements to the area around Mellon Institute and the School of Computer Science; information technology upgrades and various other capital improvements and equipment acquisitions for the University's Oakland campus and other locations, all in the City of Pittsburgh; and
(b) a refunding project consisting of the refunding (on a current or advance refund...
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