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Palmyra council approves amendments to 2015 fire-loan guarantee, grant application and seasonal road closures
Summary
The Palmyra Borough Council approved a resolution to amend a 2015 fire-company loan guarantee after neighboring township signaled intent to prepay its share, authorized an LSA grant application for a sewer truck, continued annual apparatus funding, and approved two community road closures.
Palmyra Borough Council on March 31 approved a set of routine and substantive measures, including an amendment to a 2015 guarantee on a $4.6 million fire-company loan that will allow a neighboring township to prepay its 50% share without remaining liability.
The council voted to adopt Resolution 2026-19 to authorize amendment of the guarantee agreement after bond counsel Ben Reed told the council the township contacted its bank indicating a desire to prepay. Reed said the change is intended to remove the township from future liability after payoff and that the…
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