Allegheny County Council - File #: 4923-09

• File #: 4923-09
• Version: 1
• Name: An Ordinance of the County of Allegheny, Pennsylvania, authorizing the incurrence of nonelectoral debt by the issuance of: (1) its General Obligation Bonds, Series C-62 in an aggregate principal amount not to exceed $80,000,000 (the "C-62 Bonds") and (2)
• Type: Ordinance
• Status: Approved
• File created: 6/16/2009
• In control: Committee on Budget and Finance
• Final action: 7/7/2009
• Title: An Ordinance of the County of Allegheny, Pennsylvania, authorizing the incurrence of nonelectoral debt by the issuance of: (1) its General Obligation Bonds, Series C-62 in an aggregate principal amount not to exceed $80,000,000 (the "C-62 Bonds") and (2) its General Obligation Refunding Bonds, Series C-63 in an aggregate principal amount not to exceed $30,000,000 (the "C-63 Bonds", and collectively with the C-62 Bonds, the "Bonds").
• Sponsors: Chief Executive

Date	Ver.	Action By	Action	Result
7/16/2009	1	Chief Executive	Signed by Chief Executive
7/7/2009	1	County Council	Passed for Chief Executive Signature	Pass
7/1/2009	1	County Council	Held
6/23/2009	1	Committee on Budget and Finance	Affirmatively Recommended	Pass
6/16/2009	1	County Council	Referred

title
An Ordinance of the County of Allegheny, Pennsylvania, authorizing the incurrence of nonelectoral debt by the issuance of: (1) its General Obligation Bonds, Series C-62 in an aggregate principal amount not to exceed $80,000,000 (the "C-62 Bonds") and (2) its General Obligation Refunding Bonds, Series C-63 in an aggregate principal amount not to exceed $30,000,000 (the "C-63 Bonds", and collectively with the C-62 Bonds, the "Bonds").
body
An Ordinance of the County of Allegheny, Pennsylvania (the “County”) (1) authorizing the incurrence of nonelectoral debt by the issuance of: (a) its C-62 Bonds in an aggregate principal amount not to exceed $80,000,000 for the purpose of providing funds for various capital projects approved in the Allegheny County Capital Budget for the 2009 and 2010 fiscal years and (b) its C-63 Bonds in an aggregate principal amount not to exceed $30,000,000 for the refunding of the County's General Obligation Bonds, Series C-47 and the County's General Obligation Bonds, Series C-48; (2) finding a private sale by negotiation to be in the best interest of the County; (3) approving maximum interest rates, maximum yields, maximum principal payment amounts and principal payment dates, and maximum annual debt service for the Bonds; (4) authorizing certain officials to accept a proposal for the purchase of the Bonds; (5) appointing a paying agent, registrar, sinking fund depository and escrow agent or agents; (6) adopting the forms of the Bonds; (7) covenanting to pay debt service; (8) pledging the full faith, credit and taxing power for the payment of the Bonds; (9) establishing sinking funds and one or more escrow funds; (10) appropriating the proceeds of the Bonds; (11) ratifying prior advertisement and directing further advertisement; (12) appointing various professionals; (13) authorizing the preparation, certification and filing of an application and debt statement with the Department of Community and Economic Development; (14) aut...