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Borough adopts mortgage authorization and $5.03 million general-obligation note to close Manor Street property financing
5841255 · September 24, 2025
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Summary
Council adopted Ordinance 963 to grant the Commonwealth Financing Authority a mortgage on 1020 Manor Street and Ordinance 964 authorizing a $5,028,030 general-obligation note; both passed by roll call Sept. 23.
Columbia Borough Council on Sept. 23 adopted two finance ordinances tied to closing a property transaction at 1020 Manor Street and to authorize debt to support planned projects.
Ordinance 963 of 2025 grants the Commonwealth Financing Authority (CFA) a mortgage on the property located at 1020 Manor Street; the ordinance was presented as a required step to comply…
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