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Central Cambria authorizes advisers to pursue up to $1.5M in General Obligation Notes
Summary
The board authorized administration to engage PFM Financial Advisors LLC and Cozen O'Connor to assist with issuing General Obligation Notes, Series of 2025, to fund up to $1,500,000 in construction-related needs for the district.
The Central Cambria board authorized the administration to work with PFM Financial Advisors LLC as financial advisor, Cozen O'Connor as bond counsel, and the district solicitor in connection with the possible issuance of General Obligation Notes, Series of 2025. The authorization is for purposes of funding new-money construction needs with a net construction fund deposit not to exceed $1,500,000.
The motion was made by Finance Chair Patricia Allbaugh, seconded and carried by the board. The authorization directs district staff to coordinate with the named advisers pending solicitor review and market considerations before any securities are issued.
