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Emmaus council adopts ordinance to increase indebtedness for well funding
Summary
Emmaus Borough Council voted unanimously to adopt Ordinance 12-77, authorizing a general-obligation note to secure a loan portion of previously announced water/well funding.
Emmaus Borough Council on March 17 adopted Ordinance 12-77 to increase the borough's indebtedness by $2,048,745 to enable the borough to accept the loan portion of a larger water/well funding package.
Council adopted the ordinance after the borough solicitor summarized the financing and review process. The solicitor and borough staff said the borough recently received $11,800,000 in funding for the wells, of which $9,800,000 was grant money and the remaining…
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