NE Borough Pre-Enactment Notice of Proposed Ordinance Financing Water Project

Notice is hereby given that the Borough Council of the Borough of North East (the “Borough”) will consider the enactment of a proposed ordinance (the “Ordinance”), a summary of which is described in this Legal Notice, at an official public meeting and legislative session of the Borough Council, which will be held on Monday, June 2, 2025, at 6:00 p.m., prevailing time, at the offices of the Borough, 31 West Main Street, North East, Pennsylvania 16428.

If enacted, the Ordinance will:

• (a) approve the plan of the North East Borough Water Authority (the “Authority”) for the issuance of a Debt Obligation in a principal amount not to exceed $4,455,000 (the “Obligation”);
• (b) approve use of the proceeds of the Obligation to undertake a public water system capital improvements project consisting of the financing of
• (i) waterline replacements along Wall Street and Hutchinson Drive,
• (ii) installation emergency generators at two existing raw water pump stations,
• (iii) replacement of the floating cover over Fairchild Reservoir,
• (iv) construction of covers on six existing sedimentation basins,
• (v) in-kind replacement of raw water pumps at Freeport Pump Station,
• (vi) installation of provided magnetic flow meters in place of existing venturi meters, and
• (vii) payment of costs of issuing the Obligation;
• (c) approve the issuance of a Guaranty Agreement by the Borough guaranteeing payment of principal and interest of the Obligation;
• (d) fix the annual amounts of principal and interest to be paid under the Guaranty Agreement and designate the debt incurred thereunder as lease rental debt;
• (e) covenant to pay the debt incurred under the Guaranty Agreement and pledge the full faith, credit and taxing power of the Borough therefor;
• (f) authorize the preparation and filing of a debt statement, borrowing base certificate and self-liquidating debt report (to the extent appropriate), and the preparation and filing of any other statements and reports required to qualify the Guaranty Agreement or any portion thereof for exclusion from the appropriate debt limit as self-liquidating debt;
• (g) approve the proposal of the Pennsylvania Infrastructure Investment Authority to purchase the Obligation at a private sale; and
• (h) authorize the officials of the Borough to take such other appropriate action as is necessary to effect the foregoing purposes.

A copy of the full text of the proposed Ordinance, which includes a copy of the substantial form of the Guaranty Agreement, may be examined by any citizen in the offices of the Borough, 31 West Main Street, North East, Pennsylvania 16428, Monday through Friday between the hours of 8:00 a.m. and 4:30 p.m. prevailing time on any regular business day. This Notice is given in accordance with the Pennsylvania Local Government Unit Debt Act, as amended.

Patrick Gehrlein
Borough Manager