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Council committee clears PENNVEST loan offer for replacement of 108 lead service lines
Summary
Mayor and finance staff presented a PENNVEST funding package that combines a $953,206 grant with a $756,132 30‑year loan at 1% to replace 108 known lead service lines; the loan would be repaid from the water enterprise fund and staff said the project was in the capital plan.
Lancaster City officials told the finance committee on Nov. 3 that the city has an award offer from the Pennsylvania Infrastructure Investment Authority (PENNVEST) to finance a project to replace 108 known lead water service lines.
Director Tina Campbell and municipal finance adviser Daryl Peck of Concord Public Finance described the package: PENNVEST offered a $953,206 grant and a $756,132 loan for a total project cost of roughly…
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