EVANS CITY WATER AND SEWER AUTHORITY
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RESOLUTION 20221215
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A RESOLUTION
OF THE BOARD OF THIS AUTHORITY DETERMINING PRELIMINARILY TO AUTHORIZE THE ISSUANCE OF GUARANTEED SEWER REVENUE BONDS TO PROVIDE FUNDS FOR REFUNDING THIS AUTHORITY’S OUTSTANDING GUARANTEED WATER AND SEWER REVENUE BONDS, SERIES OF 2017 FOR DEBT SERVICE SAVINGS, AND PAYING THE COSTS AND EXPENSES OF ISSUING THE BONDS; APPOINTING A FINANCIAL ADVISOR AND BOND COUNSEL; AND AUTHORIZING PROPER OFFICERS OF THIS AUTHORITY, THE SOLICITOR, BOND COUNSEL, AND FINANCIAL ADVISOR TO TAKE CERTAIN ACTION.
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WHEREAS, the Board of this Authority has determined to authorize the sale, issuance, and delivery of one or more series of Guaranteed Water and Sewer Revenue Bonds of the Authority (the “Bonds”), for the purpose of providing funds for debt service savings of this Authority; and
WHEREAS, in contemplation of the sale, issuance and delivery of the Bonds, desires to authorize certain action.
NOW, THEREFORE, BE IT RESOLVED by the Board of this Authority as follows:
Section 1. PFM Financial Advisors LLC, of Harrisburg, Pennsylvania (the “Financial Advisor”) is hereby appointed to serve as financial advisor to this Authority in connection with the issuance of the Bonds.
Section 2. Eckert Seamans Cherin & Mellott, LLC, of Harrisburg, Pennsylvania (“Bond Counsel”), is hereby appointed to serve as bond counsel to this Authority in connection with the preparation of a resolution and related documents for the issuance of the Bonds.
Section 3. Bond Counsel is hereby directed to proceed promptly to prepare the form of the resolution to be adopted by the Board of this Authority authorizing the issuance of the Bonds and all actions related thereto, and to undertake such action as shall be necessary and appropriate, including preparing all required legal documentation and rendering the required legal opinions, for the issuance of the Bonds.
Section 4. If applicable, the officers of this Authority are hereby authorized and directed to assist the Financial Advisor in the preparation of a Preliminary Official Statement with respect to the Bonds; and the use and distribution of a Preliminary Official Statement is hereby authorized, in such form and with such content as shall be reviewed by and as shall be acceptable to the Chairman or Vice Chairman of this Authority, the Solicitor of this Authority, and Bond Counsel.
Section 5. The Financial Advisor is hereby requested and authorized to prepare all necessary and required offering documentation and information regarding the Authority and to take all appropriate actions necessary in connection with the issuance of the Bonds.
Section 6. The officers of the Board of this Authority, the administrative officers of this Authority, the Solicitor of this Authority, the Financial Advisor, and Bond Counsel are hereby authorized and directed to do such other things on behalf of this Authority as may be necessary and appropriate to implement the intent and purposes of this Resolution.
CERTIFICATE
I, the undersigned, Secretary of the Board of the Evans City Water and Sewer Authority (the “Authority”), certify that the foregoing Resolution was adopted by majority vote of the entire Board of the Authority at a meeting convened and held according to law on December 15, 2021; said Resolution was adopted by an aye and nay vote; said Resolution and the vote thereon has been recorded in the minutes of said meeting; and said Resolution has not been altered, modified, amended, or repealed as of the date of this Certificate.
I further certify that the Board of this Authority met the advance notice requirements of the Sunshine Act, 65 Pa.C.S. §701 et seq., by advertising the time and place of said meeting, by posting prominently a notice of said meeting at the administrative office of the Authority or at the public building in which said meeting was held, and by providing a reasonable opportunity for public comment at such meeting prior to adoption of said Resolution, all as required by such Act.
IN WITNESS WHEREOF, I affix my hand and the official seal of the Authority, this 15th day of December, 2021.
