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TEFRA Hearing Notice: The York Water Company

  • STARTAug 19th - 11:00am

  • ENDAug 19th - 12:00pm

  • VENUE4th Floor, Commonwealth Keystone Building

August 19 @ 11:00 am - 12:00 pm

Notice is hereby given that the Pennsylvania Economic Development Financing Authority (the “Authority”) on Monday, August 19, 2019, will hold a public hearing as required by Section 147(f) of the Internal Revenue Code, as amended (the “Code”), with respect to the proposed plan of financing involving the issuance by the Authority of one or more series of Code Section 142(a)(4) exempt facility bonds in an aggregate principal amount not to exceed $26,000,000 (the “Bonds”). The hearing will commence at 11:00 AM and will be held in the Commonwealth Keystone Building, 400 North Street, 4th Floor, Harrisburg, Pennsylvania, 17120.

A. Description of the Projects to be Refinanced. The proceeds of the Bonds are expected to be loaned to The York Water Company (the “Company”) and applied to a project consisting of the current refunding of (i) the Authority’s Exempt Facilities Revenue Refunding Bonds, Series 2014 (The York Water Company Project) (the “2014 Bonds”), currently outstanding in the amount of $14,870,000, and (ii) the York County Industrial Development Authority Exempt Facilities Revenue Bonds, Series 2006 (The York Water Company Project) (the “2006 Bonds”), currently outstanding in the amount of $10,500,000. The Company may also use proceeds of the Bonds to pay all or a portion of the costs of issuance of the Bonds.

The proceeds of the 2014 Bonds were applied to the current refunding of the Authority’s Exempt Facilities Revenue Bonds, Series 2008B, originally issued in the aggregate principal amount of $15,000,000 (the “2008B Bonds”), the proceeds of which were applied to the financing of (i) a portion of the Company’s 2008 Capital Budget, including, but not limited to the design, acquisition, construction, improvement, extension, renovation, equipping and installation of (a) various structures, including distribution buildings, booster stations, pumping stations, and various plant and ancillary buildings, (b) spillway upgrades, standpipes, transmission and distribution mains, service lines, meters, fire hydrants, water treatment, pumping and purification equipment, and (c) various other capital improvements, replacements and equipment for the Company’s water system located throughout York County and Adams County, Pennsylvania, and (ii) the payment of all or a portion of the costs of issuance of the 2008B Bonds.

The proceeds of the 2006 Bonds were applied to the financing of (i) a portion of the Company’s 2006 Capital Budget, including, but not limited to the design, acquisition, construction, improvement, renovation, equipping and installation of (a) various structures, including distribution buildings, booster stations, pumping stations, and various plant and ancillary buildings, (b) spillway upgrades, standpipes, transmission and distribution mains, service lines, meters, fire hydrants, and pumping, water treatment and purification equipment, and (c) various other capital improvements, replacements and equipment for the Company’s water system located throughout York County, Pennsylvania, and (ii) the payment of all or a portion of the costs of issuance of the 2006 Bonds.

B. Maximum Stated Principal Amount of Issue: $26,000,000, of which approximately $5.6 million is allocated to refinance projects located in Adams County, Pennsylvania and approximately $20.4 million is allocated to refinance projects located in York County, Pennsylvania.

C. Initial Owner: The York Water Company, a corporation organized and existing under the laws of the Commonwealth of Pennsylvania, with a mailing address of: The York Water Company, 130 East Market Street, York, Pennsylvania 17401.

D. Location of Projects Originally Financed by 2006 Bonds, and Maximum Stated Principal Amount of Issue Allocated to Such Projects ($10,705,882):

  • Construction/Improvements/Equipping of Structures ($281,412):
  • Distribution Building Addition and Shed Roof, 1801 Mt. Rose Avenue, York, PA
  • Abbottstown Booster Station, Rt. 30, Thomasville, PA
  • Caretaker’s House Improvements, Salem Church Road & Rt. 83, Jacobus, PA
  • Filter Plant Building, 1351 Grantly Road, York, PA
  • West Manchester Booster Station, 259 East Berlin Road, York, PA
  • Pumping Station, 2325 Croll School Road, York, PA
  • Company Main Office, 124 E. Market Street, York, PA
  • Pumping, Water Treatment, Purification and Miscellaneous Equipment ($710,667):
  • Rt. 30, Thomasville, PA
  • 2325 Croll School Road, York, PA
  • 1019 Erlen Drive, York, PA
  • 1351 Grantly Road, York, PA
  • 1801 Mt. Rose Avenue, York, PA
  • 124-130 E. Market Street, York, PA
  • Standpipes and Related Improvements ($242,667):
  • 100 West Crestlyn Drive, York, PA
  • 5400 Mt. Pisgah Road, Yorkana, PA
  • 5017 N. Sherman St., Mt. Wolf, PA
  • Lakeview Drive, Spring Grove, PA
  • 2615 Jefferson Road, Jefferson, PA
  • 3328 Stoneridge Road, York, PA
  • Transmission and Distribution Mains – Miscellaneous Mains, Bonafide Customer Mains, Replacement Mains, and Reinforcement Mains ($5,203,059)
  • Various locations in East Project, Hallam, Jacobus, Jefferson, Loganville, Manchester, Mount Wolf, New Salem, New York, Railroad, Seven Valleys, Spring Grove, West York and Yorkana Boroughs, Codorus, Conewago, East Manchester, Hellam, Hopewell, Jackson, Lower Windsor, Manchester, North Codorus, North Hopewell, Shrewsbury, Springettsbury, Springfield, Spring Garden, West Manchester, Windsor and York Townships and the City of York, York County, PA (the “York County Municipalities”)
  • Service Lines, Meters and Fire Hydrants ($4,268,078):
  • York County Municipalities

E. Location of Projects Originally Financed by 2008B Bonds, and Maximum Stated Principal Amount of Issue Allocated to Such Projects ($15,294,118):

  • Structures and Improvements ($2,164,627):
  • Distribution Building Addition, 1801 Mt. Rose Ave., York, PA
  • Collections Department Renovations, 124 E. Market St., City of York, York County, PA
  • 1351 Grantley Rd., Spring Garden Township, York County, PA
  • Collection and Impounding Reservoirs ($31,608):
  • Lake Williams Spillway Upgrade, Water St., York Township, York County, PA
  • Lake Redman Spillway Upgrade, N. George St., York Township, York County, PA
  • Pumping Equipment ($18,353):
  • Northwest Booster Station, Roosevelt Ave., West Manchester Township, York County, PA
  • West Manheim Booster Station, Route 94, West Manheim Township, York County, PA
  • Oxford Booster Station, Intersection of Irishtown and Kohler Mill Rd., Oxford Township, Adams County, PA
  • Pump — Penn Oaks, 3328 Stoneridge Rd. Springettsbury Township, York County, PA
  • Pump Design for Brillhart Pumping Station, 2325 Croll School Rd., York Township, York County, PA
  • Upgrade Electrical Wiring – Southern Repump, 1351 Grantley Rd., Spring Garden Township, York County, PA
  • Water Treatment Equipment ($153,961)
  • 1351 Grantly Rd., Spring Garden Township, York County, PA
  • Distribution Reservoirs and Standpipes ($600,549)
  • •Shrewsbury Standpipe – Tank Turnover System, 200 Reservoir Ave., Shrewsbury Borough, York County, PA
  • •West Manheim Standpipe, 5400 Mt. Pisgah Rd., Windsor Township, York County, PA

Transmission and Distribution Mains:

  • Miscellaneous Mains, Bonafide Customer Mains, Replacement Mains, and Reinforcement Mains ($3,398,353):
  • York County Municipalities
  • Various locations in the Borough of Abbottstown and Townships of Berwick, Oxford, Hamilton, Reading, and Mount Pleasant, Adams County, PA (the “Adams County Municipalities”)
  • West Manheim Main Extension ($7,364,627):
  • Irishtown Road, Oxford and Mount Pleasant Townships, westwardly from the intersection of Irishtown Road and Red Hill Road to the Village of Centennial, southwardly on Centennial Road to the intersection with Bender Road, southwestwardly on Bender Road, Mount Pleasant and Union Township to the intersection of Hostetter Road, Union Township, to the intersection with Sell’s Station Road, southeastwardly on Sell’s Station Road, Union Township to the intersection with Hanover Pike, southwestwardly on Hanover Pike, Union Township to the intersection with Pine Grove Road, southeastwardly on Pine Grove Road, Union Township to the intersection with Pine Town Road, eastwardly on Pine Town Road, Union Township to the intersection with Raubenstine Road, Adams County, eastwardly on Raubenstine Road, West Manheim Township to the intersection with Grand Valley Road, southeastwardly on Grand Valley Road, West Manheim Township, to the Intersection with Bartholomew Road, eastwardly on Bartholomew Road, West Manheim Township, to the intersection with Impounding Dam Road, eastwardly on Impounding Dam Road, West Manheim Township to the intersection with Toll Gate Road, northeastwardly on Toll Gate Road West Manheim Township, York County, PA
  • Routine and Conventional Expenditures for Services ($1,127,686)
  • York County Municipalities
  • Adams County Municipalities
  • Routine and Conventional Expenditures for Meters ($384,392)
  • York County Municipalities
  • Adams County Municipalities
  • Routine and Conventional Expenditures for Fire Hydrants ($49,961)
  • York County Municipalities
  • Adams County Municipalities

The public is invited to attend the hearing at the address set forth above. Any and all persons in attendance will be afforded an opportunity to comment on the proposed issuance of the Bonds. The public hearing is held by and on behalf of the Authority, as the issuer of the Bonds, and by and on behalf of the Commonwealth of Pennsylvania, as the governmental unit on behalf of which the Authority acts, as required by the Code.

The Authority requests that interested parties submit any comments in writing, and if planning to attend the hearing, contact the office prior to August 16, 2019. All attendance inquiries should be directed to Craig Petrasic, Assistant Director, or Brian Deamer, Project Manager, Pennsylvania Economic Development Financing Authority, Commonwealth Keystone Building, 400 North Street, 4th Floor, Harrisburg, Pennsylvania 17120, 717.783.1109.

By Order Of Pennsylvania Economic Development Financing Authority

Details

Date:
August 19
Time:
11:00 am - 12:00 pm
Event Category:

Venue

4th Floor, Commonwealth Keystone Building
400 North Street
Harrisburg, PA 17120 United States
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