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Officials outline options, timeline and debt implications for a new Public Works facility
Summary
Staff described funding routes (bank loan, bond, PENNVEST), a rough cost example and site considerations for a proposed Public Works facility, and warned that borrowing could materially increase annual debt service.
Borough staff updated the Public Works Committee on Sept. 9 about planning and financing for a proposed Public Works facility and possible site alternatives.
Staff said they had spoken with West Whiteland Township and reviewed a recently completed $14 million public works facility to learn lessons about financing and timing. The borough’s staff described preliminary financing options: a bank loan for projects under about $10 million, a bond issue for larger amounts, and the PENNVEST program for…
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