Notice: By the Council of the Borough of Foxburg
NOTICE IS HEREBY GIVEN that on July 13, 2026 , at 6:00 PM., at 42 Railroad Street,Foxburg, Pennsylvania 16036, the Council of the Borough of Foxburg, Clarion County,
Pennsylvania, at a meeting duly called and held on July 13, 2026, enacted an Ordinance (the“Ordinance”), a summary of which is as follows:
The Ordinance authorizes the incurrence of lease rental debt to the Pennsylvania Infrastructure Investment Authority, evidenced by the guaranteed revenue note in an amount not to exceed $2,544,148.00, principal amount to be authorized and issued by Foxburg Area Water and Sewer Authority (“Authority”) in connection with the construction alterations and improvements to the water systems facilities located in and about this Borough; provides for the payment of associated related costs, fees and expenses; specifies the realistic useful life of the Project; authorizes and directs appropriate officers of the Borough to take certain actions and to execute certain documents, including a guaranty agreement between the Borough as Guarantor, the Authority and the Pennsylvania Infrastructure Investment Authority; Approves the form, maximum guaranteed amounts, and sources of payment of the guaranty agreement, and pledges the full faith, credit and taxing power of this Borough in support thereof; creates a sinking fund in connection with such guaranty obligations and appoints a sinking fund depository and provides for the repeal of all inconsistent ordinances or parts of ordinances.
A copy of the full text of the proposed Ordinance and Guaranty Agreement approved by this Ordinance may be examined by any citizen in the office of the Secretary of the local government unit at 42 Railroad Street, Foxburg, Pennsylvania 16036, on any business day (except Saturdays and Sundays) between the hours of 8:00 A.M. and 5:00 P.M., prevailing time.
Secretary of the Borough of Foxburg
42 Railroad Street
Foxburg, PA 16036