PUBLIC NOTICE NOTICE BOROUGH OF CAMBRIDGE SPRINGS Notice is hereby given that the Borough Council of the Borough of Cambridge Springs (the Borough), pursuant to the Sunshine Act and the Local Government Unit Debt Act, the Act of July 12, 1972, as amended and reenacted by the Act of April 28, 1978, Number 52, (the Debt Act) will hold a special joint meeting of the Borough Council of the Borough of Cambridge Springs, the Township of Cambridge and the Cambridge Area Joint Authority on June 3, 2013 at 6:00 p.m. local time, at the offices of the Borough of Cambridge Springs, 161 Carringer Street, Cambridge Springs, PA 16403. Borough Council will consider enactment of an Ordinance of which this notice is a summary, approving the issuance by the Cambridge Area Joint Authority of its $2,153,639 Guaranteed Sewer Revenue Note, Series of 2013, (the 2013 Note), to PNC Bank, N.A. If enacted, the Ordinance will approve a Guaranty Agreement whereby the Borough will guaranty payment of the 2013 Note as a full faith and credit, general obligation of the Borough for which the Borough pledges its general taxing power and will also authorize the issuance of the 2013 Note, will approve the form of the 2013 Note, fix the rate of interest to be paid, approve the schedule for the principal and interest on the 2013 Note, create a sinking fund and authorize the officers of the Borough to obtain the approval for the debt as lease rental debt and file for an exclusion under the Debt Act as self liquidating debt with the Department of Community and Economic Development. The funds to be obtained from the 2013 Note will be used to finance the current refunding of the Cambridge Area Joint Authoritys Guaranteed Sewer Revenue Bonds, Series of 2002, 2005 Pennvest Note and pay the costs of issuing the 2013 Note. A copy of the full text of the proposed Ordinance may be examined by any citizen in the office of the Secretary, Borough of Cambridge Springs, 161 Carringer Street, Cambridge Springs, Pennsylvania, between the hours of 9:00 A.M. and 4:00 P.M. on any business day. Peggy Lewis, Secretary Borough of Cambridge Springs 161 Carringer Street Cambridge Springs, PA 16403 Knox McLaughlin Gornall & Sennett, P.C. 120 West Tenth Street Erie, PA 16501 05/24/13
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