In a recent government meeting, officials discussed the financial details of a significant project with a total cost of $12,080,000. The funding breakdown includes $5,080,000 sourced from state and federal grants, $250,000 from local sources, and $6,750,000 in loans.
A key agenda item was a bond amendment, which does not increase previously issued bonds but allows for adjustments to accommodate potential debt forgiveness. Officials emphasized the urgency of finalizing the ordinance process to meet a contract deadline by December 12, which is critical for securing additional funding from the governor's office.
The meeting also highlighted ongoing communications with the Water Development Authority (WDA) regarding grant commitments, with expectations of positive outcomes from upcoming discussions. The board was updated on these developments, and a recommendation was made to award a contract to an independent contractor based in Oakdale, Pennsylvania.
This meeting underscores the collaborative efforts between local and state officials to secure funding and advance important infrastructure projects before the year's end.