COUNTY OF CAMBRIA SUMMARY NOTICE OF ORDINANCE UNDER LOCAL GOVERNMENT UNIT DEBT ACT Notice is hereby given that the Board of Commissioners of the County of Cambria will consider, at a meeting to be held on Thursday, January 22, 2015 at 7:00 p.m. in the auditorium of the Richland High School, One Academic Avenue, Johnstown, PA 15904 (or such other date, at such time and place as the Commissioners may lawfully announce and conduct a meeting not more than thirty (30) days from the date hereof), together with such other business as may come before the Board of Commissioners, the enactment of an ordinance authorizing lease rental indebtedness in a presently estimated amount not to exceed $4,000,000 and summarized as follows: Article 1 defines certain terms including the Guaranty Agreement and the Project. The Project consists generally of the guaranty of the debt service on Water Revenue Bonds of the Cambria Somerset Authority, which are being issued to currently refund all of the AuthorityÕs Guaranteed Water Revenue Bonds, Series of 2001 and Guaranteed Water Revenue Bonds, Series B of 2006. Article 2 authorizes the incurrence of lease rental indebtedness by the execution of a Guaranty Agreement with the Cambria Somerset Authority and the County of Somerset. Article 3 provides for the private sale by negotiation of the Note and sets forth certain directions for settlement. The full text of the Ordinance as proposed may be examined by any citizen between the hours of 9:00 a.m. and 4:00 p.m. Monday through Friday at the Office of the Chief Clerk, County of Cambria, 200 South Center Street, Ebensburg, Pennsylvania 15931. Jim Bonini Chief Clerk (814) 472-1600
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