Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Lock Haven council awards Old Dam Phase 1 contract, advances interim loan package and PennVEST ordinance on first reading
Summary
On July 11, 2022, Lock Haven City Council awarded the Phase 1 Old Dam construction contract to Francis Palo Inc. and voted to advance a package of three interim draw loans (Series A $1.5M, B $1.3M, C $1.7M) and a first-reading ordinance tied to a $5M PennVEST financing award.
Lock Haven City Council voted July 11 to award Phase 1 of the city’s Old Dam project to Francis Palo Inc., Clarion, Pa., for $4,243,000 and advanced a financing plan that pairs short-term drawdown notes with a PennVEST low‑interest loan to fund the broader project.
The council’s action followed a presentation by city staff and the city engineer explaining that Phase 1 work consists of installing a parapet wall required by the project’s engineering design. The low bid from Francis Palo Inc. was read into the record at $4,243,000. Staff said the construction cost will be repaid from the $5,000,000 PennVEST award the city has been offered, and the council approved the contract by roll-call vote.
Council also reviewed and approved a…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
