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Union City accepts $100,000 ECGRA grant, approves Renaissance awards and financial transfers
Summary
Council acknowledged receipt of a $100,000 ECGRA Renaissance grant, approved four Renaissance grant awards totaling $17,675 (carrying two applications to next year), accepted repayment of a $59,250 ambulance loan from UCVFD, and authorized opening a PLGIT account to transfer about $140,000 of capital funds. The council also approved posting removed playground equipment for sale.
Union City Borough Council reported multiple finance and grant developments at its June 25 meeting: the borough received a $100,000 ECGRA Renaissance grant; the UCVFD repaid its ambulance loan in full ($59,250); and the council approved Renaissance grant awards and a bank-account transfer to capture higher interest.
Council recommended approving four Renaissance grant applications totaling $17,675 from the 2023/2024 period, leaving a balance of $750.49 in that fund, and carrying two additional applications totaling $9,452.65 into the 2024/2025 grant period. The motion to approve the recommended grants was made by Councilor Joyce and seconded by Councilor Osborn and carried unanimously.
The council also approved opening a PLGIT Checking & Prime account and transferring approximately $140,000 from the Capital Equipment account at Northwest to earn higher interest (PLGIT rate recorded as 5.40% on 6/21/24). Motion by Councilor Kerns and second by Councilor Steadman carried unanimously. Council authorized posting removed playground equipment from Southwest Park for sale on Municibid (motion by Councilor Kerns, second by Councilor Steadman; unanimous).
Why it matters: The ECGRA award and Renaissance grant allocations support local blight-fighting and improvement projects; repayment of the ambulance loan restores a previously borrowed capital balance; moving capital funds to a higher-yield account affects near-term municipal revenue from interest.
What happens next: Borough staff will implement grant awards, complete the PLGIT account transfer, process reimbursements or loan accounting, and post playground equipment for sale through Municibid.
