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Resolution No. 69-2018 - Authorizing Issuance of a Tax and Revenue Anticipation Note

AUTHORIZING AND SECURING THE ISSUANCE OF A FEDERALLY TAXABLE TAX AND REVENUE ANTICIPATION NOTE OF THIS CITY FOR ITS 2019 FISCAL YEAR IN ANTICIPATION OF TAXES AND OTHER REVENUES, IN THE MAXIMUM PRINCIPAL AMOUNT OF $6,000,000, UNDER THE PENNSYLVANIA LOCAL GOVERNMENT UNIT DEBT ACT; ESTABLISHING THE TERMS, CONDITIONS AND FORM OF SUCH NOTE; AWARDING THE PURCHASE OF SUCH NOTE; AUTHORIZING AND DIRECTING THE PROPER OFFICERS OF THE CITY TO CERTIFY AND TO FILE WITH THE PENNSYLVANIA DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT CERTIFIED COPIES OF THE NECESSARY PROCEEDINGS; AUTHORIZING AND DIRECTING THE PROPER OFFICERS OF THE CITY TO DO ALL THINGS NECESSARY TO CARRY OUT THE RESOLUTION; AUTHORIZING AND DIRECTING THE PROPER OFFICERS OF THE CITY TO PAY ISSUANCE COSTS; AUTHORIZING INCIDENTAL ACTIONS; RESCINDING INCONSISTENT RESOLUTIONS; AND STATING THE EFFECTIVE DATE.