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AN ORDINANCE OF THE COUNCIL OF THE COUNTY OF ALLEGHENY, PENNSYLVANIA (THE “COUNTY”), SETTING FORTH ITS INTENT TO ISSUE ONE OR MORE SERIES OF FEDERALLY TAXABLE AND/OR TAX EXEMPT GENERAL OBLIGATION BONDS OF THE COUNTY IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED THREE HUNDRED THIRTY-FIVE Million Dollars ($335,000,000) (COLLECTIVELY, THE “BONDS”) PURSUANT TO THE ACT OF THE GENERAL ASSEMBLY OF THE COMMONWEALTH OF PENNSYLVANIA, PA.C.S. 53, CHAPTERS 80-82, AS AMENDED, KNOWN AS THE LOCAL GOVERNMENT UNIT DEBT ACT (THE "ACT"); FINDING THAT A PRIVATE SALE BY NEGOTIATION IS IN THE BEST FINANCIAL INTERESTS OF THE COUNTY; DETERMINING THAT SUCH BONDS SHALL EVIDENCE NONELECTORAL DEBT OF THE COUNTY; SPECIFYING THAT SUCH INDEBTEDNESS TO BE INCURRED TO PROVIDE FUNDS FOR A CERTAIN PROJECT (THE “PROJECT”) OF THE COUNTY CONSISTING OF ALL OR ANY OF THE FOLLOWING: (1) REFUNDING OF ALL OR A PORTION OF THE COUNTY’s OUTSTANDING GENERAL OBLIGATION BONDS, SERIES C-75; (2) REFUNDING OF ALL OR a portion of THE COUNTY’s OUTSTANDING GENERAL OBLIGATION BONDS, SERIES C-76; (3) funding the design, acquisition, construction, renovation, improvement, and installation, furnishing and equipping of improvements and/or additions to the COUNTY's facilities and properties; (4) purchasing capital equipment for use in or in connection with the facilities and properties of the COUNTY; (5) additional capital projects of THE COUNTY to the extent approved by the Council of the COUNTY; and (6) paying the costs and expenses of issuing the BONDS; SETTING FORTH THE REASONABLE ESTIMATED USEFUL LIVES OF THE CAPITAL PROJECTS THAT ARE TO BE FINANCED AND REFINANCED BY THE BONDS; ACCEPTING A PROPOSAL FOR THE PURCHASE OF THE BONDS AT PRIVATE SALE BY NEGOTIATION; PROVIDING THAT SUCH BONDS, WHEN ISSUED, SHALL CONSTITUTE A GENERAL OBLIGATION OF THE COUNTY; FIXING THE DENOMINATIONS, SERIES DESIGNATIONS, DATED DATE, INTEREST PAYMENT DATES, MATURITY DATES, INTEREST RATES, REDEMPTION PROVISIONS, OPTIONAL AND MANDATORY RED...
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