TABLE III: BOND ISSUES AND LOANS
Ord./Res. No.
Date Passed
Description
Ord./Res. No.
Date Passed
Description
41
12-23-1895
For increasing the bonded indebtedness. (This authorized an election concerning a $15,000 bond issue for sewer system construction.)
49
12-15-1897
For increasing the bonded indebtedness. (This authorized an election concerning a $15,000 bond issue for installation of a waterworks.)
67
1-14-1903
Untitled ordinance authorizing a $5,000 bond issue to redeem existing bonds issued in 1897.
91
10-29-1904
Authorizing a special election for $12,000 water bonds.
93
1-10-1905
Levying a tax for the purpose of paying the principal and interest of bonds authorized to be issued by the borough. (This authorized a $12,000 bond issue for an additional power plant and water system extensions, authorized by election of 12-6-1904.)
95
1-21-1905
To authorize the issuance of $6,000 funding bonds of the borough, and to provide for the levy of taxes to pay the same.
119
12-4-1907
Authorizing and directing the issue and sale of bonds of the borough, in the amount of $20,000 for the erection and construction of a municipal electric light plant and power plant and providing for the redemption of the same and payment of interest thereon. (For amendment to this ordinance, see Ord. 120.)
120
4-8-1908
Amendment to electric light ordinance making it free of state tax. (For ordinance amended, see Ord. 119.)
138
7-7-1909
Directing that an election be held to ascertain the desire of the electors of the borough relative to a bond issue for the funding of a certain portion of the borough indebtedness and the making of certain public improvements. (The proposed issue was for $25,000 for funding and $10,000 for public improvements.)
157
9-7-1910
Directing that an election be held to ascertain the desire of the electors of the borough relative to the bond issue for refunding a certain portion of the borough indebtedness and the building of a sewer outlet. (The issue was for $45,000.)
161
12-7-1910
Authorizing and directing the issue of coupon bonds for the borough in the amount of $45,000, $30,000 of which amount is for the purpose of funding the outstanding indebtedness of the borough, and $15,000 for the purpose of building and constructing a sewer outlet known as Main Interceptor. (For amendment to this ordinance, see Ord. 162.)
162
1-7-1911
Amending Section 2 of an ordinance authorizing and directing the issue and sale of coupon bonds in the borough, in the amount of $45,000, $30,000 of which amount is for the purpose of funding the outstanding indebtedness of the borough, and $15,000 for the purpose of building and constructing a sewer outlet known as Main Interceptor, approved the 12-7-1910. (For ordinance amended, see Ord. 161.)
194
7-6-1914
Authorizing an increase of the bonded indebtedness of the borough, by a net increase not exceeding $25,000 or 0.01347709 of the assessed valuation of the taxable property therein for the purpose of the establishment of a water system, including the erection of a standpipe, the drilling of wells, the laying of connecting mains, the installation of pumps, the buying of necessary supplies and the land necessary for the location of wells and plant and providing for an election to obtain the assent of the electors thereof.
198
1-9-1915
Amending an ordinance entitled “An Ordinance increasing the bonded indebtedness of the Borough of Grove City, Mercer County, Pennsylvania, for the purpose of providing funds for the establishing of a water system, including the erection of a standpipe, the drilling of wells, the laying of connecting mains, the installation of pumps, the buying of necessary supplies, and land necessary for the location of the wells and plant, by an issue of bonds of the amount of $25,000 with semiannual coupons attached, fixing the form, number, date, interest, maturity and receipt thereof, authorizing the sale of such bonds, levying a tax for the payment of the same, and for the repealing of conflicting ordinances.” (This ordinance actually reenacted and revised an ordinance passed 12-4-1914, and approved 12-5-1914, and never recorded.)
210
10-6-1916
Increasing the bonded indebtedness of the borough, for the purpose of funding part of the floating debt of said borough by an issue of bonds to the amount of $25,000 with semiannual coupons attached, fixing the form, number, date, interest, maturity and receipt thereof; authorizing sale thereof, assuming payment of state tax thereon; levying a tax for the payment thereof, making appropriation pending the collection of said tax and rescinding conflicting ordinances.
245
11-8-1919
Signifying and expressing the desire of the corporate authorities of the borough, to increase the indebtedness of said borough by the amount of $45,000 for the purpose of the building and construction of an electric light plant and the buying and installing of one 500 KW steam turbine with necessary apparatus and the fixtures and machinery necessary for the operation of the same in said borough, and proclaiming and authorizing a public election on the question of increasing the indebtedness of said borough in and by said amount and for said purpose and giving notice of said election as provided by law.
254
4-12-1921
Signifying and expressing the desire of the corporate authorities of the borough, to increase with the assent of the electors of said borough, to be obtained at a public election, the indebtedness of said borough by the amount of $40,000 or so much thereof as may be necessary to be used for the purpose of repaving, resurfacing or repairing portions of certain streets in said borough; and for the purpose of extending and building the main sewer outlet towards a definite point, the proposed borough sewage disposal plant, and for the purpose of paying or refunding existing floating indebtedness of said borough.
259
4-28-1921
Authorizing an election on the question of increasing the indebtedness of the borough by the amount of $40,000, or as much as may be necessary to be used for the purpose of repaving, resurfacing or repairing portions of certain streets in said borough, and for the purpose of extending and building the main sewer outlet, toward a definite point: the proposed sewage disposal plant, and for the purpose of paying or refunding existing floating indebtedness of the said borough, and giving notice thereof.
275
9-10-1921
Increasing the bonded indebtedness of the borough, for the purpose of raising funds, in the sum of $40,000, or so much thereof as may be necessary, with which to pay the
cost and expenses of repaving, resurfacing or repairing portions of certain streets in said borough, and extending and building the main sewer outlet, toward a definite point, the proposed borough sewage disposal plant, and paying off or refunding certain floating indebtedness of said borough by an issue of bonds in the sum of $40,000, with semiannual coupons attached, fixing the form, number, date, interest, maturity and the like, thereof, authorizing the advertising of the sale of said bonds, and their sale, levying a tax for the payment of the same and repealing conflicting ordinances. (For amendment to this ordinance, see Ord. 284.)
284
12-3-1921
To amend Section 2 of an ordinance approved 9-10-1921, entitled “An Ordinance increasing the bonded indebtedness of the borough, for the purpose of raising funds in the sum of $40,000.” (For ordinance amended, see Ord. 275.)
310
10-24-1922
Signifying and expressing the desire of the corporate authorities of the borough to increase with the assent of electors of said borough by the amount of $125,000 or so much thereof as may be necessary to be used for the purpose of purchasing or acquiring ground and erecting thereon a borough sewage disposal plant, and for funding the existing floating indebtedness of said borough incurred in grading, paving, curbing and otherwise improving streets or portions of streets in said borough.
311
1-9-1923
Authorizing an election on the question of increasing the indebtedness of the borough by the amount of $125,000 or so much thereof as may be necessary to be used for the purpose of purchasing or acquiring necessary ground and erecting thereon a borough sewage disposal plant; and for funding the existing floating indebtedness of said borough incurred in grading, paving, curbing and otherwise improving streets or portions of streets in said borough and giving notice thereof.
313
3-19-1923
Increasing the bonded indebtedness of the borough for the purpose of raising funds in the sum of $125,000, or so much thereof as may be necessary with which to pay the cost and expense of purchasing or acquiring necessary ground and erecting thereon a borough sewage disposal plant and for funding the existing floating indebtedness of said borough incurred in grading, paving, curbing and otherwise improving of certain streets or portions of streets in said borough by an issue of bonds in the sum of $125,000 with semi-annual coupons attached, fixing the
form, number, date, interest, maturity and the like, thereof, authorizing the advertising of the sale of said bonds and their sale, levying a tax for the payment of the same and repealing conflicting ordinances. (For amendment to this ordinance, see Ord. 320.)
320
6-1-1923
To amend Section V of an ordinance approved 3-19-1923, entitled “An ordinance increasing the bonded indebtedness of the borough for the purpose of raising funds in the sum of $125,000.” (For ordinance amended, see Ord. 313.)
363
7-6-1926
Expressing the desire of the corporate authorities of the borough to increase the bonded indebtedness of the said borough by the amount of $75,000 for the purpose of buying an additional electric unit, and funding existing floating indebtedness of the Electric Light Department, providing for the holding of an election therefor and authorizing and directing the corporate authorities to make the necessary announcement of said election and to do all other acts and things incident thereto.
371
7-1-1927
Expressing the desire of the corporate authorities of the borough to increase the indebtedness of said borough $40,000 for the purpose of building and constructing a water filtration and water softening plant to be used in connection with the municipal waterworks and submitting the same to the electors of said borough.
459
8-7-1936
Signifying and expressing the desire of the corporate authorities of the borough to increase the indebtedness of said borough by the amount of $100,000 in ratification and validation of an indebtedness heretofore incurred by the corporate authorities of said borough for valid municipal purposes, providing for the holding of a public election to obtain the assent of the electors of said borough to such increase of indebtedness and directing the corporate authorities to give proper notice thereof and do all other acts and things incident thereto.
460
11-23-1936
Increasing the bonded indebtedness of the borough by an issue of coupon bonds to the amount of $100,000 dollars, fixing the form, number, date, interest and maturity thereof; levying a tax for payment of principal, interest and state tax; authorizing execution, sale and delivery thereof and making an appropriation. (For the purpose of the bond issue, see Ord. 459.)
Res. 4/11/1938
4-11-1938
Untitled resolution authorizing a loan from Grove City National Bank of $25,000, for paying balance due to Cooper-Bessemer Corporation for the diesel engine installed in the Electric Plant.
Res. 7/16/1940
7-16-1940
Untitled resolution authorizing a loan of $15,000 from Grove City National Bank for constructing a grade crossing at Center Street.
531
4-5-1946
Expressing the desire of the corporate authorities of the borough to increase the indebtedness of said borough by the amount of $100,000 for the purpose of purchasing new generating equipment to be used for increasing the present generating capacity of the Municipal Electric Plant now owned and operated by said borough and authorizing a public election and the giving of notice thereof. (See also Ord. 534.)
534
6-18-1946
Increasing the bonded indebtedness of the borough by an issue of coupon bonds in the amount of $100,000 for the purpose of purchasing new generating equipment to be used for increasing the present capacity of the Municipal Electric Plant now owned and operated by said borough; fixing the form, number, date, interest and state tax; authorizing execution, sale and delivery thereof; and making an appropriation. (See also Ord. 531.)
559
4-9-1948
Increasing the bonded indebtedness of the borough by an issue of coupon bonds in the amount of $50,000, for the purpose of constructing an addition to the Municipal Electric Plant and the equipping of the same and for the purchase of certain land for use as a site for a municipal building; fixing the form, number, date, interest and maturity thereof; levying a tax for payment of debt service charges; authorizing execution, sale and delivery thereof; and making an appropriation.
601
3-6-1950
Increasing the bonded indebtedness of the borough by an issue of coupon bonds in the amount of $60,000 for the purpose of expanding, enlarging and otherwise permanently improving the sewage disposal plant of the borough; fixing the form, number, date, interest and maturity thereof; levying a tax for payment of debt service charges; authorizing execution, sale and delivery thereof; and making an appropriation.
686
5-16-1955
Increasing the bonded indebtedness of the borough by an issue of coupon bonds in the amount of $100,000, for the
purpose of expanding, enlarging and otherwise permanently improving the sewage disposal plant of the borough; fixing the form, number, date, interest and maturity thereof; levying a tax for payment of debt service charges; authorizing execution, sale and delivery thereof; and making an appropriation.
740
8-19-1957
Increasing the bonded indebtedness of the borough by an issue of coupon bonds in the amount of $75,000 for the purpose of purchasing switch gear and otherwise permanently improving the Municipal Electric Plant of the borough; fixing the form, number, date, interest and maturity thereof; levying a tax for payment of debt service charges; authorizing execution, sale and delivery thereof; and making an appropriation.
799
12-1-1959
Authorizing the making of capital improvements to the borough-owned electric system; providing for the issuance of $250,000 Electric Revenue Bonds, Series A, of the borough for the payment of such capital improvements; pledging the revenues of the electric system for the payment of such bonds; providing for the administration of bond proceeds and the disposition of the pledged revenues, the operation and maintenance of the electric system; and providing for the issuance of additional bonds. (The ordinance provided, in addition, conditions under which future additional bonds would be issued.)
1013
11-5-1974
Increasing the indebtedness of the borough by the issue of a general obligation note in the amount of $244,000 for sundry purposes; fixing the form, number, date, interest, and maturity thereof; making a covenant for the payment of the debt service (charges) on the note; providing for the filing of the required document; providing for the appointment of a sinking fund depository for the note; and authorizing execution, sale and delivery thereof. (The purposes of the debt were for construction of a hangar-terminal building at the Airport and engineering costs at the sewage and water treatment plants.)
1056
7-19-1977
Increasing the bonded indebtedness of the borough by an issue of general obligation bonds in the amount of $1,685,000 for the purposes of financing a portion of the costs of constructing certain improvements to its existing sewage treatment plant and the replacement of the Wolf Creek interceptor, and paying the costs of the bond issue; approving the consulting engineer’s cost estimate; fixing the form, number, date, interest rates and maturities
thereof; authorizing execution, sale and delivery thereof; pledging the repayment of said bonds; and authorizing the filing for approval of said debt with the Pennsylvania Department of Community Affairs and authorizing the payment of the required fee therefor.
1096
4-1-1980
Authorizing the incurring of nonelectoral debt ... for the purpose of providing funds for and toward the payment of the costs of the construction of the 1980 capital improvement projects ... in the amount of $1,675.11. (This refers to water treatment facility and police and fire station projects.)
1167
1-21-1985
Increasing the indebtedness of the borough by the issuance of a general obligation note in the amount of $300,000 for the purchase of certain electrical equipment, improvements to the electric system, and including the Park Street Substation.
1171
9-25-1985
Increasing the indebtedness of the borough by the issuance of a general obligation not in the amount of $300,000 for financing the construction of the new municipal building/library complex.
1189
1-19-1987
Authorizing the incurring of non-electoral debt for the purpose of providing funds for the refunding of outstanding debt, in the aggregate principal amount of $1,655,000 for general obligation bonds.
1225
3-18-1991
Increasing the indebtedness by the issue of a guaranteed revenue note in the amount of $523,866 for sundry purposes.
1245
4-14-1993
Authorizing and directing issuance of a series of general obligation bonds; Series A in the amount of $1,880,000 and Series B in the amount of $1,000,000 for the costs of the construction and installation of a transmission line and substation for the borough’s Electric Department.
1306
2-19-2001
Increasing the indebtedness by the issue of a general obligation note in the amount of $89,850 for sundry purposes.
Res. 2005-26
11-21-2005
Approving the issuance of bonds by the Grove City Area Hospital Authority in connection with the refunding of the Authority’s Health Facility bond series of 1998 (Grove Manor Project).
1342
2-20-2006
Increasing the indebtedness by the issue of a general obligation note in the amount of $150,000 for sundry purposes.
1346
12-18-2006
Increasing the indebtedness by the issue of a general obligation note in the amount of $385,000 for sundry purposes.
1381
1-19-2009
Authorizing the incurring of non-electoral debt by the issuance of general obligation bonds, in the aggregate principal amount of $12,190,000; covenanting to pay, and pledging unlimited taxing power for the payment of, the bonds.
1386
5-18-2009
Increasing the indebtedness of the borough by the issue of a general obligation note in the amount of $1,267,000 for sundry purposes.
1392
3-15-2010
Increasing the indebtedness of the borough by the issue of a general obligation note in the amount of $150,000 for sundry purposes.
1412
7-2-2012
Authorizing the incurring of non-electoral debt by the issuance of general obligation notes, series of 2012 in an aggregate principal amount not to $5,800,000; covenanting to pay, and pledging available taxing power for the payment of, the notes.
1446
5-3-2017
Authorizing the incurring of non-electoral debt by the issuance of general obligation bonds, in an aggregate principal amount not to exceed $12,065,000; covenanting to pay, an pledging unlimited taxing power for the payment of the bonds; authorizing the establishing of a sinking fund and appointing a sinking fund depository; fixing form, maximum interest rates, maturity, redemption and other provisions for payment; authorizing acceptance of a proposal for the purchase of bonds; authorizing filing of required documents with the Department of Community and Economic Development; ratifying and directing certain actions of officers.
1448
11- -2017
Authorizing the incurring of non-electoral debt by the issuance of general obligation bonds, in an aggregate principal amount not to exceed $7,000,000; covenanting to pay, an pledging unlimited taxing power for the payment of the bonds; authorizing the establishing of a sinking fund and appointing a sinking fund depository; fixing form, maximum interest rates, maturity, redemption and other provisions for payment; authorizing acceptance of a proposal for the purchase of bonds; authorizing filing of required documents with the Department of Community and Economic Development; ratifying and directing certain actions of officers.
1453
11-19-2018
Increasing the indebtedness of the Borough of Grove City, Mercer County, Pennsylvania, by the issue of a guaranteed revenue note in the maximum principal amount of $10,980,200 for purposes of the expansion and rehabilitation of the Grove City Borough wastewater treatment plant; fixing the form, dates, interest, and maturity thereof; making a covenant for the payment of the debt service on the note; providing for the filing of the required documentation with the department of community and economic development to incur and exclude additional debt of the governmental unit; providing for the appointment of a sinking fund depository for the note; providing for the authorized signatories and authorizing execution, sale and delivery thereof.
1460
2-18-2019
Authorizing the incurring of nonelectoral debt by the issuance of general obligation bonds, in an aggregate principal amount not to exceed $2,000,000; covenanting to pay, and pledging unlimited taxing power of the local government unit for the payment of, the bonds; authorizing the establishment of a sinking fund and appointing a sinking fund depository; fixing the form, maximum interest rates, maturity dates, redemption and other provisions for the payment thereof; authorizing the acceptance of a proposal for the purchase of the bonds; authorizing a filing of required documents with the Department of Community and Economic Development; ratifying and directing certain actions of officers; and making certain other covenants and provisions in respect of the bonds.
1471
5-18-2020
Authorizing the incurring of nonelectoral debt by the issuance of general obligation bonds, in an aggregate principal amount not to exceed $14,000,000; covenanting to pay, and pledging unlimited taxing power of the local government for the payment of the bonds; authorizing the establishment of a sinking fund and appointing a sinking fund depository; fixing the form, maximum interest rates, maturity dates, redemption and other provisions for the payment thereof; authorizing the acceptance of a proposal for the purchase of the bonds; authorizing a filing of required documents with the Department of Community and Economic Development; ratifying and directing certain actions of officers; and making certain other covenants and provisions in respect of the bonds.
1486
9-19-2022
Authorizing the incurring of nonelectoral debt by the issuance of general obligation bonds, in an aggregate principal amount not to exceed $8,000,000; covenanting to pay, and pledging unlimited taxing power of the local government for the payment of the bonds; authorizing the establishment of a sinking fund and appointing a sinking fund depository; fixing the form, maximum interest rates, maturity dates, redemption and other provisions for the payment thereof; authorizing the acceptance of a proposal for the purchase of the bonds; authorizing a filing of required documents with the Department of Community and Economic Development; ratifying and directing certain actions of officers; and making certain other covenants and provisions in respect of the bonds.