CITY OF WILKES-BARRE  PENNSYLVANIA ILKES  1871  CITY COUNCIL AGENDA  CITY COUNCIL DECEMBER 19,2024  5:30 P.M. Mayor George C. Brown (See Attached)    WILKES-BARRE CITY COUNCIL WORK SESSION-1 DECEMBER 19,2 2024  MAYOR'S/ AGENDA  RESOLUTIONS:  AUTHORIZING THE ISSUANCE OF A TAX AND: REVENUE. ANTICIPATIONNOTE, SERIES OF 2025 IN THEI PRINCIPAL AMOUNT OF TWO MILLION DOLLARS ($2,000,000); PROVIDING FOR THE. DATED DATE, INTEREST: RATE, MATURITY DATE, PAYMENT AND: PLACE OF PAYMENT IN: RESPECT OF THE: NOTE; ACCEPTING: THE PROPOSAL FOR THE PURCHASE OF THEI NOTE; NAMINGA SINKING FUND DEPOSITARYPAYING AGENT; AUTHORIZING THE. PROPER OFFICERS OF THE CITY TO EXECUTE AND DELIVER THEI NOTE AND CERTAIN OTHER DOCUMENTS AND CERTIFICATES IN CONNECTION THEREWITH, IF APPLICABLE, DESIGNATING THEI NOTE AS A "QUALIFIED TAX-EXEMPT OBLIGATION" UNDER SECTION 265(b) OF THE INTERNAL REVENUE CODE OF 1986, AS. AMENDED; AUTHORIZING AND DIRECTING THE: PREPARATION, CERTIFICATION AND FILING OF THE NECESSARY! DOCUMENTS WITH THE DEPARTMENT OF COMMUNITY AND ECONOMIC: DEVELOPMENT OF THE COMMONWEALTH OF PENNSYLVANIA; SETTING FORTH A FORM OF THE NOTE. AUTHORIZING THE PROPER CITY OFFICIALS TOTAKE. ANY AND ALLI NECESSARY ACTIONS RELATED TO. ENTERING INTO TWO (2) SIGN LOCATION! LEASES WITH  LAMAR ADVERTISING COMPANIES.    Resolution No.  Wilkes-Barre, PA  BEITRESOLVED by the City Council ofthe CityofWilkes-Barre:  CITY OF WILKES-BARRE LUZERNE COUNTY, PENNSYLVANIA  RESOLUTION Adopted December 19,2 2024  AUTHORIZING THE ISSUANCE OF A TAX. AND REVENUE ANTICIPATION: NOTE, SERIES OF 2025 IN THE PRINCIPAL AMOUNT OF TWO MILLION! DOLLARS ($2,000,000); PROVIDING FOR THEI DATED DATE, INTEREST RATE, MATURITY DATE, PAYMENT AND PLACE OF PAYMENT. IN: RESPECT OF THE NOTE; ACCEPTINGTHE. PROPOSAL FOR THE PURCHASE OF THE: NOTE; NAMING, A SINKING FUND DEPOSITARYPAYING AGENT; AUTHORIZINGTHE: PROPER OFFICERS OF THE CITYTO EXECUTE AND DELIVER THE: NOTE. AND CERTAIN OTHER DOCUMENTS AND CERTIFICATES IN CONNECTION THEREWITH; IF APPLICABLE, DESIGNATING THE NOTE. AS A "QUALIFIED TAX-EXEMPT OBLIGATION" UNDER SECTION 265(b) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED; AUTHORIZING AND DIRECTING THE PREPARATION, CERTIFICATION AND FILING OF THE1 NECESSARY: DOCUMENTS WITH THE DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT OF THE COMMONWEALTH OF PENNSYLVANIA; SETTING FORTH AI FORM OF THE WHEREAS, City of Wilkes-Barre, Luzerne County, Pennsylvania (the "City"), antiçipates receiving taxes and other revenues during the fiscal year ending December 31, 2025, which WHEREAS, the City has estimated, on a: monthly basis, its expected taxes, revenues and expenditures for the fiscal year ending December 31,2025, and has determined that during a portion of such fiscal year it will experience a "cumulative cash flow deficit" as such phrase isdefined in the regulations promulgated under Sections 103 and 148 oft the Internal  NOTE.  taxes and other revenues are currently uncollected; and  Revenue Code of1986, as amended (the "Code"); and  Submitted by.  ROLL CALL    WHEREAS, the City has determined to borrow monies for the purpose of  funding, in part, such cumulative cash flow deficit by issuing a note to be repaid from the anticipated taxes and revenues, all in accordance with the Local Government Unit Debt Act of the Commonwealth of Pennsylvania, Act 53 Pa.C.S., Chapters 80-82, as reenacted and amended  (the "Debt Act"); and  WHEREAS, the City has received an acceptable proposal for the purchase ofits WHEREAS, as required by Section 8126 of the Debt Act, officials of the City  Tax and Revenue Anticipation Note as hereinafter described; and  have heretofore made an estimate oft the taxes and revenues tol be received during such fiscal year ending December 31, 2025, and, by their execution ofa certificate with respect thereto dated this  date, have certified to such estimate.  NOW, THEREFORE, BEI IT RESOLVED by the Council of the City of Wilkes-  Barre, Luzerne County, Pennsylvania (the "Council"), in lawful session duly assembled, as  follows:  Section 1. For the reasons and purposes recited above, the City hereby exercises  its power and authority tol borrow money and authorizes the issuance and sale ofits Tax and Revenue Anticipation Note, Series of2025, ini the principal amount ofTwo Million Dollars ($2,000,000) (the "Note"): in anticipation of the receipt of current taxes and revenues during the fiscal year ending December 31, 2025, such Note to bei issued, sold and delivered as hereinafter  provided.  Section 2. The Mayor and City Controller oft the City, attested by the City Clerk,  are hereby authorized and directed, in the name and on behalf oft the City, to prepare and file with the Department of Community and! Economic Development oft the Commonwealth of Pennsylvania a certified copy ofthis Resolution, a certificate setting forth the taxes and revenues tol be collected in the fiscal year ending December 31, 2025, and a true copy oft the accepted Proposal (hereinafter defined) for the purchase oft the Note, all as set forth in and required by Section 8128 oft the Debt. Act. The Mayor and City Controller oft the City, attested by the City Clerk, are also hereby authorized and directed, in the name and on behalf of the City, if applicable, toj prepare and verify a certificate, in accordance with Sections 103 and 148 ofthe Code and the regulations applicable thereto, setting forth the anticipated use of the proceeds, to prepare and deliver to the Purchaser oft the Note the certificate required by Section 8127 ofthe Debt Act relating to the total amount oft the City's tax and revenue anticipation notes outstanding on the date of delivery of the Note, and to take any and all other action, and to execute and deliver any and all other documents and instruments, as may be necessary, proper or desirable to effect the issuance and sale oft the Note as contemplated herein. The certification made on the date of adoption oft this Resolution by the aforementioned officials oft the City, relating to the amount oft taxes and other revenues remaining to be collected by the City in the fiscal year  ending December 31,2025, is hereby ratified and approved.  Section 3. The Note shall be designated "City of Wilkes-Barre, Luzerne County,  Pennsylvania, Tax and Revenue Anticipation Note, Series of 2025", shall be in registered form, without coupons, shall be prepayable prior to maturity, shall be in the denomination ofTwo  2  SL1 2543425v1 072466.00057    Million Dollars ($2,000,000), shall be dated the date ofissuance, shall bear interest at the rate of interest set forth in the Proposal from the date of delivery until maturity, shall mature on December 31,2025, and shall be payable as toj principal and interest at the place and in the manner and be otherwise in substantially the form set forth in the form ofNote attached as Exhibit "A" hereto and the Proposal attached asl Exhibit "B" hereto or such other Proposal as  may be selected in accordance with Section 8 oft this Resolution.  Section 4. The Note, when issued, will be a general obligation oft the City. If  applicable, in accordance with the provisions of Section 265(b) of the Internal Revenue Code of 1986, as amended (the "Code"), the City hereby finds, determines and designates the Note as a "qualified tax-exempt obligation" as defined in Section 265(b)(3)(B) ofthe Code, for the purposes ofs such Section 265(b) oft the Code. If applicable, the City determines that it and all entities with which it is aggregated under Section 265(b)(3)(E) oft the Code have not issued, and do not reasonably expect to issue, tax-exempt obligations which, ini the aggregate, exceed or will exceed Ten Million Dollars ($10,000,000) during the calendar year 2025.Ifapplicable, the City also determines that it will not engage in any action ori inaction which will or may cause the Note to fail or cease to constitute a' "qualified tax-exempt obligation" under Section 265(b)(3) oft the  Code.  Section 5. The Note shall be executed by the Mayor and City Controller ofthe  City, shall have the corporate seal of the City affixed thereto, and shall be duly attested by the City Clerk. The Mayor and City Controller of the City are further authorized and directed to deliver the Note to the Purchaser hereinafter named upon the terms and conditions hereinafter provided and to execute and deliver such other documents and instruments, attested to by the City Clerk, and to take such other action as may be necessary or appropriate to effect the issuance and sale of the Note in accordance with this Resolution and the Debt Act. The execution and delivery of the Note in accordance with Section 91 hereof and this Section 5 shall constitute conclusive proofoft the approval of the final terms and provisions oft the Note by the  City.  Section 6. The Note, together with any other tax and revenue anticipation notes  issued, or to bei issued, by the City during the City's fiscal year ending on December 31, 2025, shall, upon issuance thereof, be equally and ratably secured by a pledge of, security interest in, and a lien and charge on, the taxes and other revenues to be received by the City during the period when the Note is outstanding; and the Mayor and City Controller oft the City, attested by the City Clerk, are. hereby authorized and directed to prepare and file, or to have filed, such financing statements as: may be necessary to fully perfect such pledge, security interest, lien and charge pursuant to the Pennsylvania Uniform Commercial Code and Section 8125 oft the Debt  Act.  Section 7. Ifapplicable, the City hereby covenants that it will not make any use  of the proceeds oft the Note or do or suffer any other action which, if such use or action had been reasonably expected ont the date ofi issuance oft the Note, would cause the Note to be an larbitrage bond" or a "private activity bond" as such terms are defined in Section 148 or Section 141 oft the Code and the regulations applicable thereto and further covenants that it will comply with Section 148 and Section 141 oft the Code, and with any regulations applicable thereto, throughout the term oft the Note, including without limitation, any requirements relating to a  3  SL1 2543425v1 072466.00057    rebate of certain excess earnings pursuant to Section 148(f) oft the Code of any regulations applicable thereto now existing or promulgated hereafter. In connection therewith, the Mayor and City Controller oft the City, attested by the City Clerk, are hereby authorized and directed to execute and to deliver, in the name and on behalf oft the City, any and all documents or other instruments which Stevens & Lee, P.C., Bond Counsel, may reasonably request to provide its opinion that the Note is not an "arbitrage bond" or a "private activity bond" within the meaning of Section 148 and Section 141 oft the Code and the regulations applicable thereto, ifa applicable. attached hereto as Exhibit "B", or such other proposal and lender, and with such other terms and provisions, as may be selected by the Mayor ofthe City (such proposal selected in accordance with this Section 81 being hereinafter referred to as the "Proposal" and such lender selected in accordance with this Section 8 being hereinafter referred to as the Purchaser"), is hereby accepted and the Note is hereby awarded tot the Purchaser at aj private sale for the purchase price of $2,000,000. The terms of the Proposal are incorporated herein by reference with the same effect as ifs set forth in full at this place. The Mayor and City Controller, attested by the City Clerk, are hereby authorized and directed to, accept the Proposal, in the name of and on behalf of the City, by executing the City's acceptance on an original copy oft the Proposal, to deliver a copy oft the same to the Purchaser and to file the original with the records oft the City. The Mayor and City Controller are hereby authorized to deliver the Note to the Purchaser upon receipt of the full principal amount oft the purchase price for such Note and upon compliance with all conditions precedent to such delivery as required by the Debt Act, this Resolution and the Proposal; and such Mayor and City Controller, attested by the City Clerk, is hereby authorized and directed to prepare, verify and deliver toi the Purchaser concurrently with the delivery oft the Note, the certificate required by Section 8127 oft the Debt. Act, a copy of which certificate shall be retained with the records oft the City until all tax and revenue anticipation notes issued by the City during the fiscal year ending on December 31,2 2025, shall have been paid in  Section 8. The proposal ofthe lender identified therein, presented to the Council is  full.  Section 9. The form oft the Note shall be substantially as set forth and attached  hereto as Exhibit' "A," which form is hereby incorporated by reference and adopted asi it fully recited at length herein and said form is hereby approved by this Council. The form ofthel Note as submitted to the City is hereby approved in substantially such form, with such changes, insertions and variations as are necessary or appropriate to reflect the final terms, including, but not limited to, taxable or tax-exempt: interest rates, principal amounts, the name or designation and redemption or prepayment provisions, oft the Note and whether the Note isi issued as a taxable or tax-exempt interest rate note, all as determined by the Mayor of the City upon delivery oft the definitive Note in accordance with the provisions oft this Resolution and such other changes as thel Mayor oft the City may approve, such approval to be evidenced by such officer's  execution and delivery oft the Note.  Section 10. The proper officers oft the City are. hereby authorized, empowered  and directed to contract with a bank or bank or trust company authorized to do business in the Commonwealth of Pennsylvania (the "Paying Agent") for its services as paying agent and sinking fund depository in accordance with the terms of the Proposal, this Resolution and the Debt Act. The proper officers of the City are hereby authorized to establish a sinking fund for the Note with the Paying Agent for the benefit of the holder oft the Note. The City Controller or other proper officer oft the City isl hereby authorized and directed to make deposits to the sinking fund  4  SL1 2543425v1 072466.00057    tol be held for the payment of principal and interest on the Note no later than the date of final  maturity thereof.  Thereafter, the Paying Agent shall, without further authorization or direction from  the City or any ofits officials, withdraw moneys from the sinking fund and apply such moneys to the payment of principal and interest then due on the Note. Deposit by the City into the sinking fund oft the full amount of such money shall satisfy in full the obligation oft the City to pay  principal and interest with respect to the Note. connection with the issuance and sale of the Note.  Section 11. Stevens & Lee, P.C., is hereby appointed Bond Counsel to the City in Section 12. The City Controller or other proper official ofthe City is hereby  authorized and directed toj pay at, or subsequent to, the closing for the issuance of the Note, all costs and expenses incurred by or on behalf oft the City or required to be paid by the City in  connection with the issuance and delivery of the Note to the Purchaser.  Section 13. The Mayor, City Controller and City Clerk oft the City and all other  proper officers oft the City are hereby authorized, jointly and severally, to do any and all other things necessary to effectuate the issuance, execution, delivery and sale oft the Note, including the execution and delivery of any and all additional documents, representations, declarations, depositary agreements, debt service agreements, loan agreements, reimbursement agreements, security agreements, promissory notes, escrow agreements, assignments, financing statements, certificates, authorizations, contracts, engagement letters, agreements, insurance binders and other papers as may be necessary to effectuate any oft the foregoing, and such execution and delivery shall be conclusive evidence of the authorization and approval thereof by the City. shall be held to be invalid or unconstitutional by any court of competent jurisdiction, such decision shall not affect or impair any remaining provision, section, sentence, clause or part of this Resolution, it being the intent oft the City that the remainder oft this Resolution shall remain ini full force and effect. The City reserves the right to amend this Resolution or any portion hereof from time to time as it shall deem advisable in the best interest of the promotion oft the purposes and intent of this Resolution, and the effective administration hereof.  Section 14. Ifany provision, section, sentence, clause or part oft this Resolution  Section 15. This Resolution shall become effective immediately upon approval. Section 16. All resolutions or parts ofr resolutions, insofar as the same shall be  inconsistent herewith, shall be and the same expressly hereby are: repealed.  The remainder of this page intentionally left blank.]  5  SLI258251072460007    DULY ADOPTED, THIS 19TH DAY OF DECEMBER, 2024, BY THE COUNCIL OF THE CITY OF WILKES-BARRE, LUZERNE COUNTA,PENNSVIVANA, INLAWFUL  REGULAR SESSION DULY ASSEMBLED.  CITY OF WILKES-BARRE Luzerne County, Pennsylvania  Mayor  City Controller  Attest:  City Clerk  (SEAL)  6  SL1 2543425v1 072466.00057    EXHIBIT "A" NOTE  SL1 2543425vl 072466.00057    EXHIBIT "B"  PROPOSAL FOR PURCHASE OF NOTE  SL1 2543425v1 072466.00057    R-1  $2,000,000  CITY OF WILKES-BARRE LUZERNE COUNTY, PENNSYLVANIA TAX. AND REVENUE ANTICIPATIONI NOTE SERIES OF 2025 DATED JANUARY3, 2025  The City of Wilkes-Barre (the "City"), Luzerne County, Commonwealth ofl Pennsylvania "Purchaser" or' "Paying Agent"), upon surrender hereof, the principal sum ofTwo Million Dollars ($2,000,000) or such lesser particular sum as shall represent the unpaid balance ofs such principal sum advanced to the City with interest at the fixed annual interest rate of specified in the proposal (the "Purchase Proposal") oft the Purchaser, payable on the unpaid and advanced balance oft this Note during the term ofthis Note. Both the principal of and interest on this Note shall be payable in lawful money ofthe United States of America on December 31, 2025 (the "Maturity Date") (as specified in the Purchase Proposal) upon presentation and surrender oft this Note at the office of the Purchaser. The terms and provisions ofthe Purchase Proposal, attached as Exhibit A1 hereto, are incorporated herein in their entirety as if fully set forth herein. Payments ofj principal and interest on1 this Note are payable on the dates set forth in the Purchase Proposal. Interest on this Note shall be computed on the basis ofa 360-day year for  (the Commonwealth"), for value received, hereby promises toj pay to  (the % as  the actual number of days elapsed (365 or 366/360, as the case may be).  Ift the due date for payment ofi interest on or principal oft this Note shall bea  Saturday, Sunday, legal holiday or a day on which banking institutions in the Commonwealth are authorized by law or executive order to close, then payment of such interest, principal or redemption price need not be made on such date, but may be made on the next succeeding day which is not a Saturday, Sunday, legal holiday or a day upon) which banking institutions in the Commonwealth are authorized by law or executive order to close with the same: force and effect asi ifmade on the due date for payment of principal or interest and noi interest shall accrue  thereon for any period after such due date.  Both principal and interest are payable in such coin or currency as on the  respective date of payment thereof and shall bel legal tender for the payment of public and private  debts, at the office of Pennsylvania.  the paying agent, located in  This Tax and Revenue Anticipation Note, Series of2025 (the "Note"), is  authorized and issued in the principal amount of $2,000,000 in accordance with the provisions of the Local Government Unit Debt. Act oft the Commonwealth of Pennsylvania, Act 53 Pa.C.S. Chs. 80-82 (the' "Act"), and pursuant to a resolution, dated December 19, 2024 (the "Resolution"), duly adopted by the City and filed, together with other required documents, with the Pennsylvania Department of Community and Economic Development. Reference is hereby made to the. Act and the Resolution for a complete statement of the rights and limitations of rights of owners oft the Note, to all of which the owner hereofby acceptance ofthis Note assents.  1  SL1 2543443vl 072466.00057    This Note isi issued under and in accordance with the Act, for the purpose of  providing funds for current expenses payable in the current fiscal year in anticipation of the receipt of taxes and other revenues by the City from the date of original delivery of thel Note to  the stated maturity date thereof.  The City shall have the privilege, at any time, and from time to time, to prepay the  unpaid principal balance oft this Note, in whole or in part, subject to andi in accordance with the  terms and conditions oft the Purchase Proposal.  The Note does not pledge the credit or taxing power oft the Commonwealth; nor  shall this Note be deemed an obligation oft the Commonwealth; nor shall the Commonwealth be  liable for payment ofthe principal of ori interest on this Note.  The Purchaser shall have the right to exercise the remedies set forth herein and in  the Act. Any failure by the Purchaser to exercise any right or privilege hereunder shall not be construed as a waiver of the right or privilege to exercise such right or privilege, or to exercise any other right or privilege, at any other time, and from time to time, thereafter.  This Note is secured under the Resolution by the pledge of, security interest in  and al lien and charge on the taxes and other revenues oft the City specified in the Resolution to be received during the period when the Note is outstanding, together with all proceeds thereof. Such pledge, security interest, lien and charge have been perfected and are enforceable int the  manner provided by the Act.  The City has covenanted that it will deposit in the sinking fund for the Note  established by the Resolution with the Paying Agent such amounts as will be sufficient toj pay the principal of and interest on the Note issued pursuant to the Resolution as and when the same shall become due and payable, and such sinking fund shall be applied exclusively to such  purpose.  The Purchaser shalll have the right to exercise the remedies set forth in the Act.  Any failure by the Purchaser to exercise any right or privilege hereunder shall not be construed as a waiver of the right or privilege to exercise such right or privilege, or to exercise any other  right or privilege, at any other time, and from time to time, thereafter.  [In the Resolution, the City has covenanted that it will not make any use oft the  proceeds oft the Note or take or omit to take any other action which would cause the Note to be an' "arbitrage bond" or a "private activity bond" as such terms are defined in Sections 148 and 141 oft the Code, and applicable regulations promulgated with respect thereto, including, but not limited to, provisions regarding the use or investment oft the proceeds oft the Note and the rebate  requirements in Section 148(f) of the Code.]  [This Note has been designated in the Resolution by the City as a "qualified tax-  exempt obligation" within the meaning of Section 265(b)(3)(B) oft the Internal Revenue Code of  1986, as amended (the "Code").]  2  SL1 2543443v1 072466.00057    No recourse shall bel had for the payment oft the principal of ori interest on this  Note, for any claim based hereon or on the Resolution any member, officer or employee, past, present, or future, oft the City or ofany successor body, as such, either directly or through the City or any such successor body, under any constitutional provision, statute or rule oflaw, or by the enforcement of any assessment or by any legal or equitable proceeding or otherwise, and all such liability ofs such members, officers or employees is released as a condition of and as  consideration for the issuance oft this Note.  Iti is hereby certified that all actions required by the Act to be taken to render this  Note valid and obligatory have been taken pursuant to the Act, that all acts, conditions and things required by the laws oft the Commonwealth of Pennsylvania to exist, to have happened or to have been performed precedent to and in the authorization and issuance oft this Note exist, have happened and have been performed in regular and due form and manner as required by law; and that all existing indebtedness oft the City is within every limitation prescribed by the Constitution  and the statutes oft the Commonwealth of Pennsylvania.  [The remainder of this page intentionally left blank.]  3  SL1 2543443v1 072466.00057    IN WITNESS WHEREOF, the City has caused this Note to be executed by its  Mayor and City Controller, and its seal to bel hereunto affixed and the same to be attested by its  City Clerk this 3rd day ofJanuary, 2025.  (SEAL)  CITY OF WILKES-BARRE Luzerne County, Pennsylvania  By:  Mayor  By_  City Controller  Attest:  City Clerk  4  SL12543443v1 072466.00057    EXHIBIT ATONOTE Purchase Proposal  SL1 2543443v1 072466.00057    Resolution No.  Wilkes-Barre, PA  BEITRESOLVED by the City Council ofthe CltyofWilkes-Barre:  WHEREAS, Lamar Advertising Companies and the City of Wilkes Barre have a long- standing contractual relationship related to two (2) billboard sign locations in the areas of Route  309 & Washington Street and Route 309 & Biscontini Road;  WHEREAS, both parties wish to continue this arrangement by entering into two (2) new NOW, THEREFORE, BEITE RESOLVED, that the proper city officials are. hereby authorized to take any and all necessary actions related to entering two (2) Sign Location Leases  long-term leases related to the same locations;  with Lamar Advertising Companies.  Submitted by.  ROLL CALL    CITY OF WILKES-BARRE  PENNSYLVANIA ILKES.  1871  CITY COUNCIL AGENDA  CITY COUNCIL DECEMBER 19,2024  PLEDGE OF ALLEGIANCE  ROLL CALL  PUBLIC INPUT ON PENDING LEGISLATION  RESOLUTIONS MINUTES  PRESENTATIONS BY COUNCIL MEMBERS  PUBLIC DISCUSSION ADJOURNMENT    CITY COUNCIL DECEMBER 19, ,2024 RESOLUTIONS  Authorizing the issuance ofa' Tax and Revenue. Anticipation Note, Series of 2025 in the principal amount oft two million dollars ($2,000,000); providing for the dated date, interest rate, maturity date, payment and place of payment ini respect oft the note; accepting the proposal for the purchase oft the note; naming a sinking fund depositary/Paying: agent; authorizing the proper officers oft the city to execute and deliver the note and certain other documents and certificates in connection therewith; ifapplicable, designating the note as a "qualified tax-exempt obligation" under section 265(b) oft the Internal Revenue Code of 1986, as amended; authorizing and directing the preparation, certification and filing oft the necessary documents with the Department of Community and Economic Development of Authorizing the proper city officials to take any and all necessary actions related to entering  the Commonwealth of Pennsylvania; setting forth a form oft the note. into two (2) sign location leases with Lamar Advertising Companies.  MINUTES  Oft the Wyoming Valley Sanitary Authority of October 15, 2024. Oft the City Council's Public Hearing of November 14, 2024. Oft the Regular Session of City Council of November 26, 2024. Oft the Regular Session of City Council of December 5, 2024.