Public meeting to discuss issuing $75 million in bonds for school improvements.

PUBLIC NOTICE

NOTICE IS HEREBY GIVEN that at a public meeting of the Board of Directors (the “Board”) of the Chester Upland School District, Delaware County, Pennsylvania (the “School District”) to be held at 232 W. 9th Street, Chester, PA 19013, at  6:00 p.m. prevailing local time, on February 26, 2026, the Board will consider and may act upon the adoption of a Resolution authorizing the incurring of nonelectoral debt by the School District pursuant to the Pennsylvania Local Government Unit Debt Act, 53 PA C.S. CHS 80-82 (the “Act”).  The purpose of such Resolution is to authorize the School District to issue its General Obligation Bonds, Series of 2026 in an aggregate principal amount not to exceed of $75,000,000 (the “Bonds”), the proceeds of which are expected to be used to:
	(1) finance the acquisition, construction, renovation, installation, furnishing, and equipping of certain additions and improvements to facilities at (a) Main Street Elementary School including, but not limited to, the addition of a classroom, resurfacing of the parking lot, improvements to sidewalks, fencing, and the exterior building façade, provision of a new boiler, HVAC upgrades and various interior  improvements, (b) Toby Farms Elementary School including, but not limited to, the resurfacing of the parking lot, improvements and repairs to the water and sewer system, provide exterior ADA accessibility, installation of a new playground and exterior lighting, installation of above ground fueling tanks, installation of a new generator and HVAC system, and various interior improvements, (c) Chester Upland School of the Arts including, but not limited to, resurfacing of the parking lot, improvements to sidewalks, renovations to classrooms, installation of a new roof and improvements to windows, upgrading exterior lighting, and installation of a new generator and HVAC system, and various interior improvements, (d) 1450 Edgmont Street Elementary School including, but not limited to, resurfacing of the parking lot, improvements to sidewalks, renovations to classrooms, installation of a new roof and storage shed, kitchen renovations, installation of a new generator and HVAC system, and various interior improvements; (e) Stem Academy at Showalter including, but not limited to, improvements to the Stadium Athletic Complex, and preliminary architectural designs for a potential new high school, (f) Stetser School purchase and renovation and related costs, (g) purchase of trucks, mowers, snow removal equipment, and related property maintenance equipment, and the redesign of the bus depot to accommodate a new fueling station, and garage upgrades, (h) all costs thereof or related thereto which are permitted to be financed under the Debt Act;
	(2) fund a debt service reserve fund with respect to the Bonds, and (3) pay costs of issuing and insuring (if any) the Bonds (collectively, the “Project”).

A summary of the Resolution is set forth in the following caption: 
A RESOLUTION OF THE BOARD OF SCHOOL DIRECTORS OF CHESTER UPLAND SCHOOL DISTRICT AUTHORIZING AND DIRECTING THE ISSUANCE IN ONE OR MORE SERIES OF ITS GENERAL OBLIGATION BONDS, SERIES OF 2026, IN THE MAXIMUM AGGREGATE PRINCIPAL AMOUNT OF $75,000,000 (THE “BONDS”), AS PERMITTED BY AND PURSUANT TO THE LOCAL GOVERNMENT UNIT DEBT ACT, 53 PA. C.S. § 8001 ET SEQ., AS AMENDED AND SUPPLEMENTED; DESCRIBING THE PROJECT FOR WHICH SUCH DEBT IS TO BE INCURRED AND SPECIFYING THE REASONABLE ESTIMATE OF THE USEFUL LIFE OF THE PROJECT FINANCED WITH PROCEEDS OF THE BONDS;  DETERMINING THAT SUCH  DEBT SHALL BE NONELECTORAL  DEBT  OF  THE  SCHOOL DISTRICT;  DETERMINING THAT THE BONDS SHALL BE SOLD AT PRIVATE SALE BY NEGOTIATION; AUTHORIZING ACCEPTANCE OF A PROPOSAL FOR PURCHASE OF THE BONDS AT PRIVATE SALE, AND AWARDING THE BONDS AND SETTING FORTH RELATED PROVISIONS; PROVIDING FOR MATURITIES AND MAXIMUM INTEREST RATES AND YIELDS; APPOINTING A PAYING AGENT, REGISTRAR AND SINKING FUND DEPOSITORY; PROVIDING FOR THE TERMS OF THE BONDS INCLUDING DENOMINATIONS, DATE, INTEREST PAYMENT DATES, AND RECORD DATES; PROVIDING FOR THE REGISTRATION AND TRANSFER OF THE BONDS; SETTING FORTH REDEMPTION FEATURES AND PROCEDURES; AUTHORIZING THE EXECUTION AND AUTHENTICATION OF SUCH BONDS; PROVIDING THAT THE BONDS, WHEN ISSUED, SHALL BE GENERAL OBLIGATION BONDS OF THE SCHOOL DISTRICT; COVENANTING TO PAY DEBT SERVICE AND PLEDGING THE FULL FAITH, CREDIT AND TAXING POWER FOR THE PAYMENT OF THE BONDS WITHIN THE LIMITS ESTABLISHED BY LAW; CREATING A SINKING FUND IN CONNECTION WITH THE BONDS AS REQUIRED BY SUCH ACT; PROVIDING FOR THE CREATION OF A DEBT SERVICE RESERVE FUND WITH RESPECT TO THE BONDS; APPROPRIATING PROCEEDS OF THE BONDS; SETTING FORTH CERTAIN COVENANTS RELATING TO THE NON-ARBITRAGE STATUS OF THE BONDS; RATIFYING PRIOR ADVERTISEMENT AND DIRECTING FURTHER ADVERTISEMENT; AUTHORIZING AND DIRECTING THE PREPARATION, EXECUTION AND FILING OF A TRANSCRIPT OF PROCEEDINGS, INCLUDING A DEBT STATEMENT AND BORROWING BASE CERTIFICATE, WITH THE PENNSYLVANIA DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT; AUTHORIZING AND DIRECTING THE RECEIVER AND  OFFICERS AND OFFICIALS OF THE SCHOOL DISTRICT TO EXECUTE AND DELIVER DOCUMENTS AND TO TAKE ACTION AS MAY BE NECESSARY RELATING TO THE ISSUANCE OF THE BONDS; RATIFYING THE PRELIMINARY PRIVATE PLACEMENT MEMORANDUM OR SIMILAR DISCLOSURE DOCUMENT AND THE DISTRIBUTION THEREOF AND AUTHORIZING THE APPROVAL AND DISTRIBUTION OF A FINAL PRIVATE PLACEMENT MEMORANDUM OR SIMILAR DISCLOSURE DOCUMENT AND THE USE THEREOF IN CONNECTION WITH THE SALE OF THE BONDS; CREATING A CLEARING ACCOUNT AND A PROJECT ACCOUNT; AUTHORIZING THE PAYMENT OF EXPENSES; PROVIDING GUIDELINES FOR PERMITTED INVESTMENTS; AUTHORIZING THE PURCHASE OF A POLICY OF BOND INSURANCE (IF ANY) WITH RESPECT TO SAID BONDS; PROVIDING FOR THE AUTHORIZATION OF THE RECEIVER AND OFFICERS; ADOPTING THE FORM OF BOND; COVENANTING TO PROVIDE CONTINUING DISCLOSURE; PROVIDING FOR SEVERABILITY OF PROVISIONS AND REPEALING INCONSISTENT RESOLUTIONS.

A copy of the full proposed text of the Resolution, which includes a copy of the form of the Bonds, may be examined by any resident during regular business hours (8:30 a.m. to 4:30 p.m. prevailing local time) at the administrative office located 232 W. 9th St., Chester, PA 19013.
If the Resolution is enacted, a notice of adoption including a summary of any other details and any amendments made prior to final adoption will be advertised after adoption in accordance with the provisions of the Act.

This Notice is published in compliance with the Act.
BY ORDER OF THE BOARD OF DIRECTORS OF THE CHESTER UPLAND SCHOOL DISTRICT, DELAWARE COUNTY, PENNSYLVANIA
DCT:  Feb 21.  a-1