Downingtown Area School District authorized $81 million in General Obligation Notes.
Official Courthouse Record · AI-summarized for clarity
- Published
- Category
- Ordinance
- City
- Downingtown
What You Should Do Next
- 1
Review the Resolution
Visit the Office of the Secretary at 540 Trestle Place, Downingtown, PA, to examine the full text of the Resolution during business hours, 8:00 a.m. to 4:00 p.m.
- 2
Contact School District
If you have questions regarding the Notes or the Resolution, contact Virginia B. Warihay, Secretary of the Downingtown Area School District.
- 3
Note Interest Rate
Be aware that the Notes will bear interest at a maximum rate of 6.00%, which may affect your financial planning if you are a stakeholder.
- 4
Stay Informed
Keep an eye on future announcements from the Downingtown Area School District regarding the issuance and sale of the General Obligation Notes.
Frequently Asked Questions
- What is the purpose of the General Obligation Notes issued by Downingtown Area School District?
- The Notes are for incurring nonelectoral debt to fund school district projects.
- Where can I examine the full text of the Resolution?
- The full text can be examined at the Office of the Secretary of the School District.
- What is the maximum interest rate for the General Obligation Notes?
- The maximum interest rate for the Notes is 6.00%.
- When was the Resolution adopted by the Downingtown Area School District?
- The Resolution was adopted on February 11, 2026.
- Who is the Bond Counsel for the Downingtown Area School District?
- The Bond Counsel is Lamb McErlane PC.
The above suggestions and answers are AI-generated for informational purposes only. They may contain errors. NoticeRegistry assumes no responsibility for their accuracy. Consult a qualified professional before taking action.
Full Notice Text
LEGAL NOTICE NOTICE IS HEREBY GIVEN that on Wednesday, February 11, 2026, the Board of School Directors (the “Governing Body”) of Downingtown Area School District (the “School District”) adopted a Resolution which, among other things, authorized incurrence of nonelectoral debt by the issuance of General Obligation Notes of 2026, in one or more series, in the maximum aggregate principal amount of $81,000,000 (the “Notes”). The School District awarded the sale of the Notes to Raymond James & Associates, Inc., within the parameters set forth in the Resolution. A summary of the Resolution was advertised on February 6, 2026 and the proposed text has been available for examination at the Administration Office of the School District. The Notes were awarded at a total purchase price of at least 95% of the principal amount of the Notes, or such greater price as reflects a lower underwriting discount. The Notes will bear interest at a maximum interest rate of 6.00% for the Notes of any maturity. No material amendments or insertions were made to the Resolution on final adoption. The full text of the Resolution may be examined by any person in the Office of the Secretary of Downingtown Area School District, 540 Trestle Place, Downingtown, Pennsylvania 19335 on regular business days, between the hours of 8:00 a.m. and 4 p.m. Virginia B. Warihay, Secretary Downingtown Area School District Lamb McErlane PC, Bond Counsel DLN 2/16; 1a