Charlestown Township Board of Supervisors Business Meeting Minutes of October 23, 2000

The third business meeting for October was held October 23 2000 at the Charlestown Township office, 4030 Whitehorse Road, Devault. Irene W. Ewald, Chairman, Hugh D. Willig, Vice Chairman, Kevin R. Kuhn, Michael J. Rodgers, James E. McErlane, Esq., Tim O’Neil, Esq., and Linda M. Csete, Township Secretary were present. Members of the public present: Lance Altemose.

The meeting was called to order at 7:40 P.M.

Citizens’ Forum - Non-Agenda Items

No matters were brought forward at this time.

New Business

Ordinance #90-00 Authorizing and Directing the Incurrence of Non-Electoral Debt

Tim O’Neil stated that this meeting was advertised on October 18, 2000 as required by the Pennsylvania Municipal Government Debt Act. He provided details on the issuance of a general obligation note in the amount of $2.1 million for the purpose of funding the acquisition of land in the Township for use as parkland and open space, and to pay the costs of issuing the note. The sale of the note is to be contracted with the New Garden Authority.

The proposed Ordinance also authorizes

• The preparation, certification and filing of the debt statement and borrowing base certificate;
• Setting the stated principal and interest payment dates
• Outlining redemption provisions
• Authorizing and directing the Township to certify and file copies of the proceedings with the Dept. of Community and Economic Development;
• Authorizing the services of the First Union National Bank as sinking fund depository
• Outlining and setting forth other details of the note.

Mr. O’Neil said the bond approval is pending but no problem is anticipated.

Mr. Kuhn moved to adopt Ordinance #90-00 authorizing the incurrence of $2.1 million of non-electoral debt. Mr. Rodgers seconded, and Mrs. Ewald called for discussion from the board and then the public. There being none, a roll call vote was recorded as follows: Mrs. Ewald - Aye. Mr. Willig - aye. Mr. Kuhn - aye. Mr. Rodgers - aye. The motion passed unanimously.

Mr. O’Neil will order the second required advertisement to take place following adoption of the ordinance. Closing is anticipated for November 17, 2000.

Accounts Payable

Mr. Willig moved to approve check #2970 for a filing fee in the amount of $65.63 to the Commonwealth of PA. Mr. Kuhn seconded. Mrs. Ewald called for discussion from the board and then the public. There being none, she called the vote, and all were in favor.

Adjournment

The meeting was adjourned at 8:00 P.M. The next meeting will be held on October 30, 2000, 7:30 P.M. at the Great Valley Middle School.