ORDINANCE NO. 2. WHEREAS, Stonycreek Valley Sewer Authority was incorporated to plan, acquire and construct certain sanitary sewage collection,

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ORDINANCE NO. 2 £

AN ORDINANCE OF THE BOROUGH OF INDIAN LAKE AUTHORIZING THE EXECUTION AND DELIVERY OF A PURCHASE AGREEMENT BETWEEN STONYCREEK VALLEY SEWER AUTHORITY AND THE BOROUGH OF INDIAN LAKE, THE BOROUGH OF SHANKSVILLE, AND THE TOWNSHIP OF STONYCREEK, ALL LOCATED IN SOMERSET COUNTY, AND AUTHORIZING THE EXECUTION

AND FILING OF AN APPROVAL REQUEST AND DEBT STATEMENT FOR SAID PURCHASE AGREEMENT WITH THE PENNSYLVANIA DEPARTMENT OF COMMUMITY AFFAIRS.

WHEREAS, S t o n y c r e e k V a l l e y Sewer A u t h o r i t y was i n c o r p o r a t e d t o p l a n , a c q u i r e and c o n s t r u c t c e r t a i n s a n i t a r y sewage c o l l e c t i o n , t r a n s p o r t a t i o n and t r e a t m e n t f a c i l i t i e s s u b s t a n t i a l l y a s proposed i n t h e " F e a s i b i l i t y S t u d y S t o n y c r e e k V a l l e y Sewage A u t h o r i t y Sewerage System F a c i l i t i e s " p r e p a r e d by Duncan, Lagnese and A s s o c i a t e s , I n c . and C a r s o n E n g i n e e r s , d a t e d August, 1973? and

WHEREAS, t h e A u t h o r i t y , t o t h a t end, has e n t e r e d i n t o an e n g i n e e r i n g c o n t r a c t w i t h t h e C o n s u l t i n g E n g i n e e r i n g f i r m s o f Duncan, Lagnese and A s s o c i a t I n c . , o f P i t t s b u r g h , P e n n s y l v a n i a , and C a r s o n E n g i n e e r s , o f G r e e n s b u r g ,

P e n n s y l v a n i a , t o p r e p a r e the n e c e s s a r y p l a n s and s p e c i f i c a t i o n s t o c o n s t r u c t the a f o r e s a i d proposed Sewer System P r o j e c t ( t h e "Proposed P l a n n i n g P r o j e c t " ) ; and

WHEREAS, due t o t h e e l i m i n a t i o n o f p l a n n i n g moneys from Government a g e n c i e s , i t i s n o t p o s s i b l e t o o b t a i n t h e moneys needed t h r o u g h any g o v e r n -m e n t a l l o a n o r g r a n t progra-m, a s had been t h e c a s e i n p r e v i o u s y e a r s , f o r t h e p r e p a r a t i o n o f s a i d f i n a l p l a n s and s p e c i f i c a t i o n s ; and

WHEREAS, i n o r d e r f o r t h e s a i d A u t h o r i t y t o f i n a n c e t h e p r e p a r a t i o n o f s a i d f i n a l p l a n s and s p e c i f i c a t i o n s , i t i s n e c e s s a r y f o r t h e Borough o f I n d i a n Lake, t h e Borough o f S h a n k s v i l l e , and the Township o f S t o n y c r e e k , a l l l o c a t e d i n Somerset County, t o e n t e r i n t o a Purchase Agreement w i t h S t o n y c r e e k V a l l e y Sewer A u t h o r i t y ; and

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WHEREAS, i n o r d e r t o r e n d e r s a i d P u r c h a s e Agreement e f f e c t i v e as t o the Borough o f I n d i a n Lake, i t i s n e c e s s a r y , p u r s u a n t t o the p r o v i s i o n s o f the L o c a l Government U n i t Debt A c t , t o p r o v i d e f o r the a d o p t i o n , e x e c u t i o n and f i l i n g o f an " A p p l i c a t i o n f o r A p p r o v a l " , i n c l u d i n g a "Debt S t a t e m e n t " and a "Borrowing Base C e r t i f i c a t e " , by t h e Borough o f I n d i a n Lake w i t h the P e n n s y l v a n i a Department o f Community A f f a i r s , and r e c e i v e the a p p r o v a l t h e r e o f .

NOW, THEREFORE, BE IT ORDAINED AND ENACTED by the Borough C o u n c i l

o f t h e Borough o f I n d i a n Lake, and i t i s hereby o r d a i n e d and e n a c t e d by a u t h o r i t y o f the same as f o l l o w s :

SECTION 1. The Borough o f I n d i a n Lake, t h e Borough o f S h a n k s v i l l e and t h e Township o f S t o n y c r e e k , a l l l o c a t e d i n Somerset County, s h a l l e n t e r i n t o an agreement w i t h S t o n y c r e e k V a l l e y Sewer A u t h o r i t y s u b s t a n t i a l l y i n t h e form o f t h e P u r c h a s e Agreement, d a t e d as o f O c t o b e r 1, 1973» p r e s e n t e d t o t h i s meet-i n g whmeet-ich meet-i s h e r e b y made a p a r t h e r e o f by r e f e r e n c e o n l y and meet-i s on f meet-i l e w meet-i t h the Borough S e c r e t a r y .

SECTION 2 . The Mayor and the P r e s i d e n t o f Borough C o u n c i l a r e h e r e b y d i r e c t e d t o e x e c u t e , on b e h a l f o f the Borough o f I n d i a n Lake, an agreement s u b -s t a n t i a l l y i n the form o f the -s a i d Purcha-se Agreement, which Purcha-se Agreement when consummated s h a l l be a t t e s t e d t o by the Borough S e c r e t a r y , s h a l l be d e l i v e r e d to the o t h e r p a r t i e s t h e r e t o , and s h a l l , a f t e r p r o p e r f i l i n g s and a p p r o v a l s , be l e a s e r e n t a l debt o f the Borough o f I n d i a n Lake t o the e x t e n t o f $138,900.

SECTION 3 . The Mayor and t h e P r e s i d e n t o f Borough C o u n c i l and t h e Borough S e c r e t a r y a r e hereby, f u r t h e r d i r e c t e d t o p r e p a r e , e x e c u t e and v e r i f y under o a t h a "Debt S t a t e m e n t " o f the Borough i n o r d e r t o make e f f e c t i v e t h e a f o r e m e n t i o n e d Purchase Agreement, and t o submit the same, t o g e t h e r w i t h an " A p p l i c a t i o n f o r A p p r o v a l " o f s a i d Purchase Agreement and the n e c e s s a r y f i l i n g f e e , t o the P e n n s y l v a n i a Department o f Community A f f a i r s p u r s u a n t t o the L o c a l Government U n i t Debt A c t , as p r o m p t l y a s p r a c t i c a b l e .

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t h a t S t o n y c r e e k V a l l e y Sewer A u t h o r i t y s h a l l u n d e r t a k e t h e c o m p l e t i o n o f s a i d f i n a l p l a n s and s p e c i f i c a t i o n s f o r i t s Proposed P r o j e c t i n a c c o r d a n c e w i t h t h e a f o r e m e n t i o n e d " F e a s i b i l i t y Study", d a t e d August, 1973, p r e p a r e d by Duncan, Lagnese and A s s o c i a t e s , I n c . o f P i t t s b u r g h , P e n n s y l v a n i a and Carson E n g i n e e r s , o f Greensburg, P e n n s y l v a n i a , and p u r s u a n t t o t h e C o s t E s t i m a t e f o r t h i s work, a t t a c h e d h e r e t o a s " E x h i b i t 1", h e r e t o f o r e p r e s e n t e d t o t h e Borough by t h e s a i d C o n s u l t i n g E n g i n e e r s and hereby approved, and f i n a n c e t h e same t h r o u g h t h e

b o r r o w i n g o f $300,000 from F i r s t N a t i o n a l Bank o f Somerset County, a s t h e L e n d i n g Bank, pursuant t o t h e terms o f a C r e d i t Agreement, d a t e d a s o f O c t o b e r 1, 1 9 7 3 , a s s e c u r e d by t h e Purchase Agreement approved h e r e u n d e r .

SECTION 5 . A l l o r d i n a n c e s o r r e s o l u t i o n s o r p a r t s o f o r d i n a n c e s o r r e s o l u t i o n s n o t i n a c c o r d w i t h t h i s O r d i a n a c e a r e h e r e b y r e p e a l e d i n s o f a r a s t h e y a f f e c t t h i s O r d i n a n c e .

SECTION 6 . T h i s O r d i n a n c e s h a l l take e f f e c t t e n (10) days a f t e r i t s f i n a l enactment.

ORDAINED AND ENACTED i n t o law by t h e Borough C o u n c i l o f t h e Borough o f I n d i a n Lake i n l a w f u l s e s s i o n assembled t h i s 20th day o f O c t o b e r , 1973«

BOROUGH OF INDIAN LAKE

By / s / Eugene W. Holman P r e s i d e n t o f Borough C o u n c i l A t t e s t : / s / B a r b a r a A. M i l l e r Borough S e c r e t a r y APPROVED t h i s 20th day o f O c t o b e r , 1973.

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STONEYCREEK VALLEY SEWER AUTHORITY F i v e (5) Y e a r Bank Loan - 8300,000 S a n i t a r y Sewage P r o j e c t 1 . E n g i n e e r i n g : (a) F e e s f o r F i n a l P l a n s and S p e c i f i c a t i o n s (b) T e s t B o r i n g s ( c ) C o n t i n g e n c i e s $160,000.00 1 0 , 0 0 0 . 0 0 5 , 0 0 0 . 0 0

Lands and R i g h t s o f Ways ( O p t i o n s and P u r c h a s e s ) : L e g a l : ( a ) A u t h o r i t y ' s S o l i c i t o r : (1) R e a l E s t a t e Work (2) Bank Loan (b) Bond C o u n s e l (Bank * s S p e c i a l C o u n s e l ) ( l ) Bank Loan ( c ) Expenses, r e p r o d u c t i o n c o s t s , f i l i n g f e e s , e t c . $ i f , 0 0 0 . 0 0 $ 4 , 0 0 0 . 0 0 $ 1,000.00 $175,000.00 I 1 5 , 0 0 0 . 0 0 $ 6 , 0 0 0 . 0 0 4 . A u t h o r i t y A d m i n i s t r a t i o n Expenses 5 . I n t e r e s t on t h e Bank Loan f o r 5 y e a r s (At 6% p e r annum x 5 y e a r s -t o be p a i d s e m i - a n n u a l l y )

TOTAL BANK LOAN:

* * * * * * * * * * * *

MUNICIPALITIES OBLIGATIONS UNDER

$ 9*000.00 $ 5 , 0 0 0 . 0 0 $ 9 0 , 0 0 0 . 0 0 $300,000.00 PURCHASE AGREEMENT A s s e s s e d Ave.1971,1972 Average V a l u a t i o n 1972 1973 Budgets P e r c e n t a g e I n d i a n Lake Borough $ 1 , 7 5 8 , 2 8 1 . 0 0 $ 7 0 , 2 7 5 . 0 0 hk.6% S h a n k s v i l l e Borough $ 2 8 8 , 9 7 7 . 0 0 $ 6,949.26 5 « 9 # S t o n y c r e e k Township $1,771,^90.00 $ 85,576.66 49.5# Amount $133,800.00 $ 17,700.00 $148,500.00 $3,818,748.00 $162,800.92 100% $300,000.00

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C E R T I F I C A T E

I , the u n d e r s i g n e d , S e c r e t a r y o f the Borough o f I n d i a n Lake, Somerset County, P e n n s y l v a n i a , do h e r e b y c e r t i f y t h a t the f o r e g o i n g and a t t a c h e d i s a t r u e and c o r r e c t copy o f an O r d i n a n c e o f s a i d Borough which was d u l y e n a c t e d by the a f f i r m a t i v e v o t e o f a m a j o r i t y o f the members o f the G o v e r n i n g Body o f s a i d Borough a t a meeting t h e r e o f d u l y c a l l e d and h e l d on the 20 t h day o f O c t o b e r f 1973, w i t h s a i d members v o t i n g i n the f o l l o w i n g manner:

Borough C o u n c i l

Eugene W. Holman t P r e s i d e n t Yes

D a l e V. W o r c e s t e r Yes

E. P e r c y Blough Yes

C l a r e n c e G r e g o r y Yes

I h e r e b y f u r t h e r c e r t i f y t h a t p r o p e r n o t i c e s b e f o r e and a f t e r i t s adopt i o n were d u l y p u b l i s h e d , as r e q u i r e d by law, i n a newspaper o f g e n e r a l c i r c u -l a t i o n , p u b -l i s h e d o r c i r c u -l a t i n g i n the Borough, and t h a t the same was d u -l y r e c o r d e d i n the O r d i n a n c e Book o f s a i d Borough, and t h a t s a i d O r d i n a n c e has n o t been amended, m o d i f i e d o r r e s c i n d e d and i s s t i l l i n f u l l f o r c e and e f f e c t .

WITNESS my hand and the s e a l o f the Borough o f I n d i a n Lake t h i s 27th day o f O c t o b e r 1973.

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