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East Rockhill adopts $550,000 note to renovate municipal building
Summary
The East Rockhill Township Board of Supervisors unanimously adopted Ordinance 292 authorizing a general obligation note of up to $550,000 at 2.95% over seven years to finance renovation and an addition to the municipal building; a resident urged funds be used for quarry litigation, and the Board said capital funds are restricted.
The East Rockhill Township Board of Supervisors on Oct. 22 unanimously adopted Ordinance 292 authorizing the issuance of a general obligation note not to exceed $550,000 from QNB Bank to fund renovation and an addition to the township municipal building and related capital costs.
The ordinance authorizes a seven-year note carrying interest at 2.95 percent. Chair Gary Volovnik told the Board the building was constructed by the vocational school and has seen few updates, saying the project addresses staff security and public meeting space needs. The Board approved the measure on a motion by Vice-Chair David Nyman, seconded by Mr. Volovnik; all present voted in favor.
The adoption followed a public hearing and brief public comment. Resident Ryan Gottshall said, “the building needs things, but renovations are being rushed into and monies should be allocated to the Rock Hill Quarry litigation, not the Township building.” Vice-Chair Nyman responded, “the monies towards the building can only be spent for capital projects for which they were collected and cannot be re-allocated for General Fund litigation expenditures.”
The ordinance specifies the funds will be used for design and construction of the renovation and addition, related capital improvements and the costs of issuance. The Board opened the hearing for comment, received the remarks noted above, closed the hearing and then adopted Ordinance 292.
Next steps include execution of financing documents and drawing the note as needed during construction. The Board adjourned into an executive session after concluding business that evening.
