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Council approves Young/Bell wellfield operating agreement and advances PennVEST debt ordinance first reading
Summary
Council approved an operating agreement for the Young/Bell wellfield and advanced a first reading of Ordinance 2026‑04 to authorize a PennVEST loan; staff said the guaranteed water‑revenue note principal is $9,787,677 and the loan will be secured by water revenues and the city's full faith and credit.
Lock Haven City Council approved an operating agreement for the Young/Bell Wellfield and advanced a first reading of an ordinance that would authorize a PennVEST loan for water‑system improvements.
Staff told the council the operating agreement was developed collaboratively with the water filtration authority and is already signed by that authority; council approved the agreement so the project’s operational and contracting steps can proceed.
A legal…
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