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0799-02
| 1 | | Ordinance of the County of Allegheny, Pennsylvania (the "County") determining to incur lease rental debt in an aggregate principal amount not to exceed sixty five million dollars ($65,000,000) by entering into a Guaranty Agreement (the "Guaranty Agreement | Ordinance | Ordinance of the County of Allegheny, Pennsylvania (the "County") determining to incur lease rental debt in an aggregate principal amount not to exceed sixty five million dollars ($65,000,000) by entering into a Guaranty Agreement (the "Guaranty Agreement") with the Allegheny County Industrial Development Authority (the "Authority"): determining that such lease rental debt shall be evidenced by the Guaranty Agreement by which the County agrees to guaranty the debt service on the Allegheny County Industrial Development Authority bonds to be issued by the Authority in one or more series of bonds in an aggregate principal amount of up to $65,000,000; authorizing and directing the proper officers of the County (a) to prepare to certify and to file the debt statement required by section 8110 of the Pennsylvania Local Government Unit Debt Act; and (b) to execute, to attest and to deliver, as appropriate, the Guaranty Agreement between the County and said Authority; approving the form of said Guaranty Agreement; specifying the maximum amount of the County obligation pursuant to said Guaran | Affirmatively Recommended | Pass |
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