North East Township Issues Note at 3.5%

Notice is hereby given that on July 1, 2015, at the North East Township Building, 10300 West Main Road, North East, Pennsylvania, the officers of North East Township enacted an Ordinance, authorizing the issuance of a General Obligation Note in the principal amount of Two Hundred Fifty Thousand ($250,000) Dollars and the private sale thereof to the First National Bank of Pennsylvania at par, bearing interest at the rate of three and one-half (3 ½%) per cent per annum for a term of 138 months.

The Note is a general obligation of the local government unit and its officers are directed to do all acts necessary and proper for the issuance and securing of said Note. No amendments were made during the final passage of the Ordinance. A copy of the full text of the Ordinance may be examined by any citizen in the office of the Secretary of North East Township at 10300 West Main Road, North East, Pennsylvania 16428, on any business day (except Saturdays and Sundays) between the hours of 9:00 A.M. and 4:30 P.M., prevailing time. Karen Ahlgrim Secretary

Editor’s note: As already discussed here.

Everyone has the right to know what their government is doing.
Transparency is expected in all government meetings and daily operations.
Everyone working for the government works for, and is answerable to, you and me.
All laws, regulations, ordinances, budgets, audits and other public records should be freely available, preferably online, for citizens to examine without special fees and paperwork before they can do so.
When municipalities seek bids for contract work, all bid documents should be available online, free of charge. Printed copies, if requested, should be offered at cost.
Agendas should be posted online a minimum of 3 days before public meetings take place allowing interested citizens an opportunity to hear discussions and offer input on matters important to them.