NOTICE NOTICE IS GIVEN that the Council of the Borough
NOTICE
NOTICE IS GIVEN that the Council of the Borough of Ulysses, in Potter County, Pennsylvania (the “Borough”), at a meeting duly called and held on February 25, 2026, enacted an ordinance, the caption and summary of which is as follows:
“ORDINANCE
INCURRING “LEASE RENTAL DEBT”, AS DEFINED IN THE PENNSYLVANIA LOCAL GOVERNMENT UNIT DEBT ACT, IN THE MAXIMUM PRINCIPAL AMOUNT OF $300,000, EVIDENCED BY ITS GUARANTY OF THE PAYMENTS DUE UNDER THE GUARANTEED SEWER PROJECT NOTE TO BE
ISSUED BY ULYSSES MUNICIPAL AUTHORITY AS INTERIM FINANCING FOR THE DESIGN OF IMPROVEMENTS TO THE AUTHORITY’S SANITARY SEWER SYSTEM FACILITIES; AUTHORIZING A GUARANTY AGREEMENT SECURING THE NOTE, BY AND AMONG THIS BOROUGH, AS GUARANTOR, THE AUTHORITY, AND THE LENDER SELECTED BY THE AUTHORITY; PLEDGING THE FULL FAITH, CREDIT AND TAXING POWER OF THIS BOROUGH IN SUPPORT OF ITS GUARANTY; APPOINTING A SINKING FUND DEPOSITORY IN CONNECTION WITH SUCH GUARANTY; AND AUTHORIZING RELATED ACTIONS AND
DOCUMENTS.”
Under the Guaranty Agreement
approved by the
Ordinance, the Borough will guarantee the debt service payments due on the Guaranteed Sewer Project Note to be issued by Ulysses Municipal Authority. The range of “lease rental payments” evidenced by the Guaranty Agreement is from a low guaranteed annual debt service
payment of $20,000.00 to a maximum annual guaranteed debt service payment of $310,000.00. The full text of the Ordinance, enacted without amendment (and a draft copy of the proposed Guaranty Agreement approved by the Ordinance), is available for public inspection in the Borough offices located at 518 Main St., Ulysses, Pennsylvania, on any open business day, Tuesday through Friday, between 8:00 AM and 4:00 PM. This Notice is given in accordance with Section 8003 of the Pennsylvania Local Government Unit Debt Act.
BOROUGH OF ULYSSES, IN
POTTER COUNTY, PENNSYLVANIA


