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Centre County authorizes up to $10 million interim loan to fund Public Safety Training Center
Summary
The Board of Commissioners adopted Resolution 7 of 2026 to authorize up to $10 million in interim borrowing to bridge grant-funded costs for an approximately $8 million Public Safety Training Center; the financing team recommended a Juniata Valley Bank fixed-rate proposal.
The Centre County Board of Commissioners voted unanimously June 2 to adopt Resolution 7 of 2026, authorizing the county to borrow up to $10 million on an interim basis to fund the construction of a grant-backed Public Safety Training Center.
Commissioner Mark Higgins said the board “is committed to the Public Safety Training Center which is very much needed for our area and community.” Administrator John Franek Jr. said the borrowing would provide temporary cash-flow funding during construction while preserving county operating reserves, and would bridge the timing gap between project expenditures and later grant reimbursements.
Garrett Moore of PFM told the Board that the county issued a bank loan request for proposals to more than 30 banks and received 11 proposals from four banks. PFM recommended a Juniata Valley Bank proposal that would allow draws as needed over an estimated 18-month period and offered a fixed rate of 4.73% for the loan’s full duration while retaining flexibility to refinance or repay without penalty.
Jonathan Cox of Eckert Seamans confirmed the financing materials were in good legal form. County staff said a formal Debt Ordinance to accept and enter the debt obligation will be advertised for public inspection and is planned for adoption at the June 16, 2026 Board meeting.
The resolution and the motion to adopt it were made and seconded by Commissioners Amber Concepcion and Steven Dershem, respectively, and approved unanimously. No vote tallies beyond “unanimous” were recorded in the minutes.
Next steps: County staff and the financing team will finalize loan documents and advertise the Debt Ordinance ahead of the June 16 meeting where formal adoption is expected.
