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Council signs off on Moravian Manor tax‑exempt financing through North Lebanon authority
Summary
Council approved Resolution 1037 documenting borough approval for Moravian Manor to obtain tax‑exempt financing via the North Lebanon Municipal Authority, which Yearick said is a condition of financing and will not affect borough tax collection.
Council unanimously approved Resolution 1037, which documents the Borough’s approval for Moravian Manor to obtain tax‑exempt financing through the North Lebanon Municipal Authority. Managing Director Elijah Yearick explained that municipal approval is a condition of the financing and affirmed the approval would not impact the Borough’s tax collection.
The resolution was approved on a motion by Carpenter, seconded by Gattis. Council minutes do not show additional debate on terms of the financing; the action is recorded as an administrative approval required for the borrower’s financing process.
