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Council committee advances $32 million interim loan to buy materials for 42-inch water transmission main
Summary
Lancaster City officials on the finance committee voted to send Administration Bill 6-20-25 to the full council for first reading, a measure that would authorize interim bank financing of up to $32 million to pre-purchase pipe, hydrants and other materials for a planned 42-inch water transmission main.
Lancaster City officials on the finance committee voted to send Administration Bill 6-20-25 to the full council for first reading, a measure that would authorize interim bank financing of up to $32 million to pre-purchase pipe, hydrants and other materials for a planned 42-inch water transmission main.
City Director Tina Campbell introduced the ordinance as interim financing for a project the city has included in its capital plan for several years, saying the debt “will be financed through the water enterprise fund and will not affect the general fund.”
The interim note is intended to allow the city to order long‑lead materials before receiving a permanent loan from the Pennsylvania Infrastructure Investment Authority (PENNVEST). Daryl, a representative of Concorde who spoke to the committee, said the…
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