PUBLIC HEARING – November 4, 2019

Notice is hereby given that the Board of Supervisors of Straban Township, Adams County, Pennsylvania, intends to consider for adoption and to vote upon an enactment of an Ordinance, summarized below, at a public hearing scheduled for Monday, November 4, 2019 at 6:45 p.m. at the Straban Township Municipal Building, 1745 Granite Station Road, Gettysburg, Pennsylvania, 17325.

The title of the proposed Ordinance is “AN ORDINANCE OF STRABAN TOWNSHIP, ADAMS COUNTY, PENNSYLVANIA, AUTHORIZING THE TOWNSHIP TO JOIN WITH OTHER LOCAL GOVERNMENT UNITS AS A SETTLOR OF THE PENNSYLVANIA LOCAL GOVERNMENT INVESTMENT TRUST FOR THE PURPOSE OF PURCHASING SHARES OF THE TRUST PURSUANT TO THE PENNSYLVANIA INTERGOVERNMENTAL COOPERATION LAW.”

If enacted, the Ordinance will authorize Straban Township to join with other governmental units in accordance with the Second Class Township Code, the Intergovernmental Cooperation Law, and other similar acts by becoming a settlor of the Pennsylvania Local Government Investment Trust and entering into the Trust’s Declaration of Trust for the purpose of pooling funds for investment purposes.

The contents of the Ordinance are summarized as follows:

SECTION 1: Authorizes the Township to become a settlor of the Pennsylvania Local Government Investment Trust and enter into the Declaration of Trust.
SECTION 2: Authorizes the Township to purchase shares in the Trust and redeem some or all of those shares subject to the terms and restrictions of the Declaration of Trust.
SECTION 3: Designates Trustees as having official custody of the Township’s invested funds.
SECTION 4: Makes determinations and empowerments required by the Intergovernmental Cooperation Act.
SECTION 5: Severability. If any portion of this Ordinance is deemed void, it shall be severable, and the other provisions of this Ordinance will take effect immediately.
SECTION 6: The Ordinance shall not affect any rights, liabilities, or causes of action existing prior to enactment.
SECTION 7: Savings Clause. The Code of Straban Township remains otherwise intact.
SECTION 8: Repealer. All previous contrary provisions are repealed.
SECTION 9: Effective Date. If enacted, the Ordinance will take effect immediately.

A complete copy of the proposed Ordinance may be viewed at the Straban Township Municipal Building, 1745 Granite Station Road, Gettysburg, Monday through Thursday, 9:00 a.m. to 4:00 p.m. A copy of the full Ordinance has been supplied to The Gettysburg Times as required by law.

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