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Finance committee authorizes rolling payments for Amtrak bridge project, approves $1.01 million in bills
Summary
The Finance Administration Committee approved scheduled bills totaling $1,009,633.72, including a $735,000 down payment for the Amtrak bridge, and adopted a resolution allowing the borough to process construction payments on a rolling basis to meet a 10-calendar-day federal reimbursement window.
The Finance Administration Committee on Aug. 21 approved scheduled bills totaling $1,009,633.72, including a $735,000 down payment recorded in the capital fund for the Amtrak bridge project, and authorized a resolution enabling staff to make construction payments on a rolling basis as reimbursements arrive. Treasurer (name not specified) told the committee the bridge construction costs are “100% federally funded” and that the borough functions as a pass-through for reimbursements.
The committee voted to approve the bills after staff explained the $735,000 payment is a deposit recorded in the capital…
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