Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Finance topic
No spam. Unsubscribe anytime.
Board approves parameters ordinance to allow up to $17 million in open-space bonds
Summary
East Whiteland supervisors adopted a parameters ordinance authorizing the issuance of general-obligation bonds currently estimated not to exceed $17 million to support open-space purchases and related projects.
The East Whiteland Board of Supervisors unanimously approved an Open Space Bond 2025 Parameters Ordinance at its March 12 meeting, authorizing the issuance of one or more series of general-obligation bonds with an aggregate principal amount currently estimated not to exceed $17 million.
Township Solicitor Bernadette Kearney opened the public hearing at 7:20 p.m.; the Board reconvened and voted at 7:25 p.m. Supervisor Peter Fixler moved the ordinance; Rich Orlow seconded, and the motion passed with all three supervisors voting yes. The motion carried without further amendment.
The parameters ordinance sets the legal authority for the township to issue bonds under the conditions described in the ordinance; specific series timing, final principal amounts and sale details will be determined under subsequent procedural steps required by state law and municipal finance practice. Board members did not record a detailed financing schedule during the meeting. The ordinance text and the full hearing transcript are available in the township records.
The Board did not discuss specific parcels to be acquired under the open-space program at the meeting. Staff noted that full ordinance and hearing materials are available for public inspection at the Township Building.
