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Assembly adopts $3.5 million general-obligation bond ordinance for school capital improvements
Summary
The Petersburg Borough Assembly adopted Ordinance 2024-24 (third reading), authorizing general obligation bonds in a principal amount not to exceed $3,500,000 to pay for public school capital improvements. The motion to adopt was made by Member Marsh, seconded by Member Valentine, and passed by roll call.
At third and final reading, the assembly considered Ordinance 2024-24, which authorizes issuance of general obligation bonds in a principal amount not to exceed $3,500,000 to pay the costs of public school capital improvements and related matters.
Member Marsh moved to adopt the ordinance in its third and final reading; Member Valentine seconded. Clerk Thompson called the roll and members present voted to adopt the ordinance by recorded vote.
No debate, amendments or conditions were recorded during the meeting text; the ordinance will proceed according to borough procedures for bond issuance and sale.
