SOUTH FAYETTE TOWNSHIP SCHOOL DISTRICT ENACTMENT NOTICE UNDER LOCAL GOVERNMENT UNIT DEBT ACT Notice is hereby given that the Board of School Directors of South Fayette Township School District, at a meeting held on July 17, 2018, adopted a Resolution titled and summarized as follows: AUTHORIZING THE INCURRING OF NONELECTORAL DEBT BY THE ISSUANCE OF GENERAL OBLIGATION BONDS IN THE AGGREGATE PRINCIPAL AMOUNT OF TWO MILLION NINE HUNDRED SIXTY FIVE THOUSAND DOLLARS ($2,965,000.00); COVENANTING TO PAY, AND PLEDGING ALL AVAILABLE TAXING POWER OF THE LOCAL GOVERNMENT UNIT FOR THE PAYMENT OF, THE BONDS; ESTABLISHING A SINKING FUND AND APPOINTING A SINKING FUND DEPOSITORY; FIXING THE FORM, INTEREST RATES, MATURITY, REDEMPTION AND OTHER PROVISIONS FOR THE PAYMENT THEREOF; AUTHORIZING THE ACCEPTANCE OF 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 Resolution was amended from its proposed form upon final passage to specify the principal amounts, interest rates and amortization schedules regarding the Bonds and to designate the Purchaser of the Bonds. The interest rates on the Bonds range from 3.00% to 3.30% and the yields to the call date range from 1.60% in 2018 to 3.300% in 2034. The Bonds were purchased by Robert W. Baird & Co. at a purchase price of $2,929,410.05, representing the principal amount of the Bonds, plus net original issue premium of $583.05, less an underwriter's discount of $36,173.00. The full text of the Resolution as enacted may be examined by any citizen between the hours of 8:00 a.m. to 4:00 p.m., Monday through Friday, in the Administrative Offices of South Fayette Township School District, 3680 Old Oakdale Road, McDonald, PA 15057. Cynthia Geisler Board Secretary 412-221-4542
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