At their regularly scheduled meeting on June 21, 2016 the Pittsfield Town Council adopted the following:
[font=font81491]ORDINANCE 16-06:[/font]
[font=font36821]TOWN OF PITTSFIELD
ORDINANCE AUTHORIZING ISSUE OF $154,000
PRINCIPAL AMOUNT OF GENERAL OBLIGATION BONDS AND
REALLOCATING UP TO $83,000 OF THE PROCEEDS OF ITS $445,000
GENERAL OBLIGATION BOND, DATED APRIL 21, 2015[/font]
The Town of Pittsfield Town Council hereby ordains improvements to the Town's sewer system and financing thereof pursuant to the State's Clean Water State Revolving Fund on the following terms:
1. Pursuant to the Constitution of the State of Maine, Maine law, including Title 35-A and Title 30-A, Section 5772 of the Maine Revised Statutes, as amended, and the Town Charter, and all other authority thereto enabling, the Town of Pittsfield is authorized to sells its general obligation bonds and notes in anticipation thereof and to borrow from the Maine Municipal Bond Bank State Revolving Fund (SRF) and to expend, a principal amount not to exceed One Hundred Fifty Four Thousand Dollars ($154,000), the proceeds of the loan or loans to be used to finance the improvements and upgrades to the Town' s sewer system which may include, but are not limited to the rehabilitation of the North Main Street (Grove Hill) Sewer Main ("The Project"), or such amount of the foregoing Project as is approved by the State for participation in the SRF, said loan or loans to be evidenced by a General Obligation Bond or Bonds of the Town, for a term not to exceed 20 years, and any Notes in anticipation of such Bonds, such Bonds and Notes to be executed on behalf of the Town by the Town Treasurer and counter-signed by the Mayor of the Town and to be at such interest rates, if any, as may be established by the Maine Municipal Bond Bank and approved by the Treasurer and the Mayor, with such maturities, and to be on such further terms and conditions as may be prescribed by the Maine Municipal Bond Bank and the State of Maine Clean Water Program, and approved by the Treasurer and the Mayor (the "Bonds" and the "Notes"), such approval to be conclusively evidenced by their execution of the Bonds or Notes. If the State Clean Water Program approves only some but not all of the foregoing Project, the Town is authorized to proceed with the borrowing of the amount and project approved by the State Clean Water Program, even though the State may have approved only some but not all of the Project described above.
2. The Mayor and the Treasurer are hereby authorized to execute and deliver on behalf of the Town a loan agreement, relating to the issuance of the Bonds and any Notes in anticipation thereof, in such form and on such terms as the Maine Municipal Bond Bank shall require.
3. The Mayor and the Treasurer are hereby authorized to execute and deliver on behalf of the Town loan application and other applications with the State of Maine Clean Water Program and the Maine Municipal Bond Bank and an application to the Maine Public Utilities Commission for approval to issue the Bonds or Notes.
4. The municipal officers and officials of the Town are hereby authorized to execute all documents and certificates, and to take all action, including affixing the seal of the Town, as may be necessary or convenient to carry out the full intent of the foregoing votes or any one of them.
5. The Town further ordains that (a) there are up to $83,000 in excess proceeds from the Town's $445,000 General Obligation Bond, dated April 21, 2015, which was issued to the Maine Municipal Bond Bank pursuant to Ordinance 14-23 adopted by the Town Council on December 16, 2014 and January 6, 2015 to finance rehabilitation of the Peltoma Avenue Sewer Main. Such excess funds are not needed to complete the rehabilitation of the Peltoma Avenue Sewer Main. Accordingly, said up to $83,000 in excess funds of said 2015 General Obligation Bond, dated April 21, 2015, are hereby reallocated to and appropriated and may be expended to finance costs of improvements and upgrades to the Town' s sewer system which may include, but are not limited to the rehabilitation of the North Main Street (Grove Hill) Sewer Main (the "New Project"). Ordinance 14-23 adopted by the City Council authorizing issuance of said 2015 General Obligation Bond is hereby amended to provide that the Project described therein shall include the New Project described in this Order. The Mayor and the Treasurer are hereby authorized to execute and deliver on behalf of the Town an amendment to the loan agreement and such other documents, relating to the issuance of 2015 General Obligation Bonds, in such form and on such terms as the Maine Municipal Bond Bank shall require, in order to carry out the provisions of this paragraph.
6. This Ordinance shall take effect 30 days after its adoption.
[font=font81491]ORDINANCE 16-07[/font]: That the Town of Pittsfield Town Council hereby ordains that Chapter 11 Pittsfield Public Library Policies, Article 7. ACCESS TO INTERNET RESOURCES be rescinded and the new Article 7. PUBLIC COMPUTER USE AND INTERNET SAFETY be adopted and Article 17. DONATIONS AND GIFTS POLICY be rescinded and the new Article 17. DONATIONS AND GIFTS POLICY be adopted.
June 22, 2016
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