Category: Public Notices Public Notices Source: Butler Eagle Marketplace Listed: Sun Apr 26th
LEGAL NOTICE TOWNSHIP OF JACKSON SUMMARY NOTICE UNDER LOCAL GOVERNMENT UNIT DEBT ACT ¶ Notice is hereby given that the Jackson Township Board of Supervisors will hold a special meeting for general purposes on Thursday, April 30, 2026, at 10:00 A.M., in the Jackson Township Municipal Building, located at 140 Magill Road, Zelienople, PA, 16063. During this special meeting, the Board of Supervisors of the Township of Jackson, Butler County, PA will consider, and if appropriate, enact an ordinance (of which this notice is the summary) authorizing lease rental debt and summarized as follows: ¶ Section 1 sets the aggregate principal amount of the Note at $3,000,000.00 for funds to be used for the purpose of the extension of water lines and the construction of a booster station in the areas of the Township along Franklin Road and Pattison Street Extension by the Jackson Municipal Authority. Sections 2, 3, and 4 authorize the incurrence of lease rental debt by the guaranty from the Township of a Revenue Obligation Note of the Jackson Municipal Authority, establishment of a sinking fund, the pledge of the full faith, credit and taxing power of the Township to the payment of the Note as the guaranty, maximum maturity amount, maximum interest rate and the terms and provisions for the payment of the Note. Sections 5 and 6 provide the form of the Note and the Guaranty Agree-ment, which is authorized thereby. Sections 7, 8, 9, 10, 11, and 12 provide for the sale of the Note, set forth certain directions for settlement, authorizes Township officials to take all related and necessary actions, designates a Sinking Fund Depository, proclaims that a private sale of the Note is in the best financial interest of the Township, and repeals all other Ordinances insofar as they conflict with the proposed Ordinance. ¶ A copy of the full text of the Ordinance may be examined by any citizen between the hours of 7:00 A.M. and 5:00 P.M., Monday through Friday at the Township Municipal Building, located at 140 Magill Road, Zelienople, PA 16063. Chris Rearick Township Manager (724) 452-5581 crearick@jackson- township.com