Category: Public Notices Public Notices Source: Butler Eagle Marketplace Listed: Mon May 4th
LEGAL NOTICE TOWNSHIP OF JACKSON - NOTICE OF ENACTMENT UNDER LOCAL GOVERNMENT UNIT DEBT ACT Notice is hereby given that the Board of Supervisors of the Township of Jackson (Butler County, PA) at a special meeting held on Thursday, April 30, 2026, enacted an ordinance authorizing the issuance of lease rental debt by the guaranty of a Revenue Obligation Note of the Jackson Municipal Authority and the private sale thereof to WesBanco, Inc. in the principal amount of $3,000,000.00 dollars bearing interest at the rate of 4.91% per annum for the first 5 years of the Note that will then convert to the Five Year Treasury rate plus 0.09% at the 60th month and 120th month thereafter until paid with the range of the lease rental payments due by the Township being $0 to $3,000,000.00 plus interest. The range of annual payments is from $0 to $240,282.88 with a balloon payment at 132 months of $0 to $2,097,649.94. The Townships 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 this ordinance. The full text of the Ordinance as enacted may be examined by any citizen between the hours of 7:00 A.M. and 5:00 P.M., Monday through Friday at the Jackson Township Municipal Building, located at 140 Magill Road, Zelienople, PA 16063. Chris Rearick Township Manager (724) 452-5581 crearick@jackson- township.com Date Advertised: May 4, 2026