Keystone Oaks School District authorized $38 million in general obligation bonds.
Official Courthouse Record · AI-summarized for clarity
- Published
- Category
- Ordinance
- City
- Pittsburgh
What You Should Do Next
- 1
Review the Resolution
Visit the Keystone Oaks School District office to examine the full text of the Resolution.
- 2
Contact the Board Secretary
For questions, reach out to Joseph Kubiak at 412-571-6000.
- 3
Attend School Board Meetings
Stay informed by attending future meetings of the Board of School Directors.
Frequently Asked Questions
- What is the purpose of the bonds issued by Keystone Oaks School District?
- The bonds are for incurring nonelectoral debt to fund school district projects.
- Where can I view the full text of the Resolution?
- The full text can be examined at the Keystone Oaks School District office during business hours.
- What are the interest rates for the bonds?
- The interest rates for the bonds range from 6.00% in 2026 to 6.00% in 2051.
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Full Notice Text
49702/22/2026https://www.post-gazette.com/PublicNoticesKEYSTONE OAKS SCHOOL DISTRICT ENACTMENT NOTICE UNDER LOCAL GOVERNMENT UNIT DEBT ACT Notice is hereby given that the Board of School Directors of Keystone Oaks School District, at a meeting held on February 17, 2026, adopted a Resolution titled and summarized as follows: AUTHORIZING THE INCURRING OF NONELECTORAL DEBT BY THE ISSUANCE OF GENERAL OBLIGATION BONDS IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED THIRTY-EIGHT MILLION DOLLARS ($38,000,000); COVENANTING TO PAY, AND PLEDGING ALL AVAILABLE TAXING POWER FOR THE PAYMENT OF, THE BONDS; ESTABLISHING A SINKING FUND AND APPOINTING A SINKING FUND DEPOSITORY; FIXING THE FORM, MAXIMUM INTEREST RATES, MATURITY DATES, REDEMPTION AND OTHER PROVISIONS FOR THE PAYMENT THEREOF; AUTHORIZING THE ACCEPTANCE OF A PROPOSAL FOR THE PURCHASE OF THE BONDS; AUTHORIZING A FILING OF REQUIRED DOCUMENTS WITH THE DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT; RATIFYING AND DIRECTING CERTAIN ACTIONS OF OFFICERS; AND MAKING CERTAIN OTHER COVENANTS AND PROVISIONS IN RESPECT OF THE BONDS. The Resolution was amended from its proposed form upon final passage to include authorizations to deliver required documents if an enhanced intercept rating is warranted. The interest rates/yields on the Bonds range from not to exceed 6.00% in 2026 to not to exceed 6.00% in 2051. The Bonds were purchased at a purchase price of not less than 95.00% of the principal amount of the Bonds (inclusive of net original issue discount), together with accrued interest, by Piper Sandler & Co. The full text of the Resolution as adopted may be examined by any citizen between the hours of 8:00 AM to 3:00 PM on regular school business days at the office of the Secretary, Keystone Oaks School District, 1000 Kelton Avenue, Pittsburgh, PA 15216. KEYSTONE OAKS SCHOOL DISTRICT Joseph Kubiak Board Secretary 412-571-60004667989A