Legal Notice - Special Meeting January 2021

DUQUESNE CITY SCHOOL DISTRICT

OFFICIAL NOTICE

 

NOTICE is hereby given that the Receiver and the Board of School Directors of the Duquesne City School District will hold a virtual Special Receiver Business Meeting on Thursday, January 7, 2020 at 5:30 PM for general purposes. To encourage public participation, see the information below to access this meeting:

To join via computer or smartphone app:
https://us02web.zoom.us/j/81290941537?pwd=QnlDelRUSU8zNHNFVm9UYWgwTGtrUT09

Meeting ID: 812 9094 1537
Passcode: meCrm3

To dial in by phone:
        +1 929 436 2866 US (New York)
        +1 301 715 8592 US (Washington D.C)
        +1 312 626 6799 US (Chicago)
        +1 669 900 6833 US (San Jose)
        +1 253 215 8782 US (Tacoma)
        +1 346 248 7799 US (Houston)
Meeting ID: 812 9094 1537
Passcode: 698952

To access the meeting agenda, click HERE

DUQUESNE CITY SCHOOL DISTRICT

NOTICE OF SPECIAL MEETING AND

SUMMARY NOTICE

UNDER LOCAL GOVERNMENT UNIT DEBT ACT

            Notice is hereby given that the Board of School Directors of Duquesne City School District, at a special meeting to be held during a recess of the meeting of the School District Receiver, on Thursday, January 7, 2021, commencing at 5:30 p.m. (or at such other time and on such other date, not later than 30 days from the date of publication of this notice, as the Board may legally authorize), will consider the adoption of a resolution authorizing nonelectoral debt in a principal amount estimated not to exceed $13,000,000, which is summarized as follows:

            Article 1 defines certain terms, including the Bonds and the Project, which consists generally of (a) capital improvements and repairs to the Duquesne Education Center for the purpose of effecting energy cost savings, and (b) paying the costs and expenses incidental to the issuance of the Bonds.

            Articles 2 and 3 authorize the incurrence of nonelectoral debt by the issuance of General Obligation Bonds, and establish a sinking fund.

            Article 4 provides the form, maturity amounts, interest rates and the terms and provisions for the payment of the Bonds.  Articles 5, 6, 7 and 8 address the Sinking Fund Depository, events of default, and amendment and discharge of the security documents.

            Article 9 contains federal income tax covenants; Article 10, securities law covenants.

            Article 11 provides for the sale of the Bonds, establishes certain funds and sets forth certain directions for Settlement, while Article 12 authorizes other related and necessary actions.

PLEASE NOTE:  In order to promote social distancing and avoid the spread of COVID-19, this meeting will be conducted in a webinar-style via ZOOM.  Members of the public may attend by following the link posted on the District’s website, at www.dukecitysd.org, and, if wishing to speak, may do so by calling the Board Secretary, at (412) 466-5300, x2219, at least 24 hours in advance, in order to register.  Residents will be recognized to speak in the order of their registration.

            The full text of the Resolution as proposed may be examined by any citizen as posted on the District’s website, at www.dukecitysd.org, or by contacting the Executive Assistant to the School District’s Superintendent, between the hours of 9:00 a.m. to 4:00 p.m., Monday through Friday, at the number below in order to arrange to pick up a copy at the School District’s Administrative Offices, at 300 Kennedy Avenue, Duquesne, Pennsylvania  15110.

Crystal Irdi

Board Secretary

(412) 466-5300, x2219