NOTICE – -NOTICE IS HEREBY GIVEN that the Board of

NOTICE – -NOTICE IS HEREBY GIVEN that the Board of Supervisors of South Middleton – – Township, Cumberland County, Pennsylvania (the “Township”) intends to consider for adoption and to vote upon the enactment of an Ordinance summarized below at a regular meeting to be held on August 12, 2021, at 6:00 p.m., at the Township Office, located at 520 Park Drive, Boiling Springs, Pennsylvania, 17007. – -ORDINANCE NO. 2021 – – -___________________________ – -AN ORDINANCE AUTHORIZING AND APPROVING THE INDEBTEDNESS OF SOUTH MIDDLETON TOWNSHIP, CUMBERLAND COUNTY, PENNSYLVANIA (THE “TOWNSHIP”), BY DIRECTING THE ISSUANCE OF (1) A GENERAL OBLIGATION NOTE IN THE MAXIMUM PRINCIPAL AMOUNT OF FIVE MILLION SIX HUNDRED FIFTY THOUSAND DOLLARS ($5,650,000.00) (“SERIES A OF 2021 NOTE”) TO PROVIDE FUNDS FOR A CAPITAL PROJECT CONSISTING OF THE ACQUISITION OF THE CARLISLE AIRPORT AND CAPITAL IMPROVEMENTS THERETO AND (2) A GENERAL OBLIGATION NOTE IN THE MAXIMUM PRINCIPAL AMOUNT OF ONE MILLION FIVE HUNDRED THOUSAND DOLLARS ($1,500,000.00) (“SERIES B OF 2021 NOTE”) TO PROVIDE FUNDS FOR THE CONSTRUCTION OF HANGERS AND OTHER CAPITAL IMPROVEMENTS TO THE CARLISLE AIRPORT (COLLECTIVELY REFERRED TO HEREINAFTER AS THE “PROJECTS”); THE SERIES A OF 2021 AND SERIES B OF 2021 NOTES ARE TO BE ISSUED TO FARMERS AND MERCHANTS TRUST COMPANY OF CHAMBERSBURG (the “PURCHASER” OR THE “BANK”), PURSUANT TO THE LOCAL GOVERNMENT UNIT DEBT ACT; ACCEPTING A CERTAIN PROPOSAL FOR THE PURCHASE OF SUCH NOTES (THE “COMMITMENT LETTER” WHICH TERM INCLUDES ANY AMENDMENT THERETO, RESTATEMENT OR REISSUANCE THEREOF HEREAFTER MADE), AT PRIVATE SALE WHICH COMMITMENT LETTER IS HEREBY ACCEPTED AND APPROVED; RESTATING THE REALISTIC USEFUL LIFE OF SAID PROJECTS; AUTHORIZING AND DIRECTING APPROPRIATE OFFICERS OF THE TOWNSHIP TO TAKE CERTAIN ACTIONS AND TO EXECUTE CERTAIN DOCUMENTS REQUIRED BY THE PENNSYLVANIA LOCAL GOVERNMENT UNIT DEBT ACT; APPROVING THE SUBSTANTIAL FORM, MAXIMUM PRINCIPAL AMOUNT, DATE, INTEREST, MATURITY, AND SOURCES OF PAYMENT OF SAID OBLIGATION, ISSUED AS NON-ELECTORAL, GENERAL OBLIGATION DEBT OF THE TOWNSHIP SECURED BY THE GENERAL REVENUES OF THE TOWNSHIP AND PLEDGING THE FULL FAITH, CREDIT, AND TAXING POWER OF THIS TOWNSHIP IN SUPPORT THEREOF; APPOINTING A PAYING AGENT AND SINKING FUND DEPOSITORY; MAKING CERTAIN COVENANTS WITH RESPECT THERETO AS REQUIRED BY THE DEBT ACT AND THE PENNSYLVANIA CONSTITUTION; PROVIDING FOR REPEAL OF ALL INCONSISTENT ORDINANCES OR PARTS OF ORDINANCES; PROVIDING FOR SEVERABILITY OF PROVISIONS; AND PROVIDING WHEN THIS ORDINANCE SHALL BECOME EFFECTIVE. – -The full text of the Ordinance may be examined by any citizen, at the Township – -office located at 520 Park Drive, Boiling Springs, PA 17007, on any regular business day between the hours of 7:30 a.m. and 4:30 p.m. prevailing time. An attested copy of the proposed ordinance has also been filed with the newspaper publishing this notice and at the Cumberland County Law Library, 1 Courthouse Square #304, Carlisle, PA. 17013. – -Persons with disabilities may request auxiliary aids and services for participation – – in the meeting by calling the Township office at 717-258-5324 at least 48 hours prior to the meeting. – -Amendments may be made with respect to the Ordinance during its final – -passage. Advertisement relating to the final passage of the ordinance, in final form, which form will include insertions and/or amendments, if any, as appropriate, will be made in accordance with the Pennsylvania Local Government Unit Debt Act (the “Act”). This notice is given in accordance with the requirements of, and in compliance with, the Act. – – G. Bryan Salzmann – -Township Solicitor