APPENDIX B: Bond Issues & Loans

Summary of Historical Bond Issues and Loans (Ebensburg, PA)

This document serves as an appendix listing the history of municipal debt incurred by the Borough. It details specific ordinances and resolutions that authorized borrowing for infrastructure, public works, and capital improvements spanning from 1875 to 2020.

Early Infrastructure (1875–1926)

The earliest entries focus on establishing basic utilities and public works:

• 1875: The Borough authorized a bond issue to secure water supplies for fire protection and other uses. Subsequent resolutions in 1875 authorized $11,000 for erecting waterworks.
• 1914–1915: Significant debt was incurred ($15,000 and $35,000) for erecting a boiler house, paving streets (Crawford Street and Cherry Alley), laying sewers, constructing a sewage disposal plant, and purchasing fire engines.
• 1921–1926: The Borough focused on water infrastructure, authorizing $80,000 for land and construction of a reservoir and pumping station. Later resolutions expressed the desire to erect a filtering plant ($45,000) and amended previous orders.

Mid-Century Improvements (1948–1972)

• 1948: $30,000 was borrowed to help establish a municipal park.
• 1960: The Borough expressed the desire to increase indebtedness by $75,000 for capital improvements to existing swimming pool facilities.
• 1972: A significant lease rental debt of $800,000 was incurred.

Late 20th Century Projects (1975–2004)

This period saw borrowing for parks, vehicle purchases, and major sewage system upgrades:

• 1975: $10,000 for field lights at Memorial Field.
• 1977: $25,000 to pay for extraordinary expenses and damage to water/sewer lines from a harsh winter.
• 1986–1992: Major investments in sewage treatment, including an initial authorization not to exceed $264,000 and subsequent increases totaling over $4. 4 million for upgrading the plant.
• 1994: Funding was secured for a new Borough Park at the northeast corner of North Center Street and East High Street ($100,000 and $150,000).
• 1995: $419,500 was borrowed to purchase a 1995 GMC 4x4 motor vehicle from Falchini Motors.
• 2000: $1,000,000 in lease rental debt was incurred for improvements to the sanitary sewage system.
• 2001: $800,000 was borrowed for the construction of a youth recreational facility.
• 2004: A loan not to exceed $250,000 was secured using a Certificate of Deposit as collateral.

21st Century Infrastructure (2005–2020)

Recent entries highlight large-scale projects for water production, wastewater facilities, and sidewalks:

• 2005: Large debts were incurred for water production/distribution facilities ($4. 3 million) and the Downtown Streetscape Project ($500,000).
• 2007: Lease rental debt was incurred for wastewater facilities ($2. 3 million and $900,000).
• 2009: Refinancing of $94,500 for the downtown streetscape project.
• 2011: $750,000 was borrowed for the construction of a swimming pool.
• 2012: A major lease rental debt of $5,050,000 was incurred for public water facilities.
• 2015: A general obligation debt bridge loan of $750,000 was taken for a sidewalk project.
• 2017: Significant borrowing occurred for sewer projects, including a $9,000,000 lease rental debt and a $1,000,000 bridge loan.
• 2020: A general obligation debt was incurred for a sidewalk project.