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Scott Township considers refinancing to help pay for upgrades

Monday, July 1, 2013, 5:39 p.m.
 

Scott Township commissioners voted unanimously to tentatively move forward with refinancing the township's bonds to pay for millions of dollars in capital improvements.

The actual sale depends upon buyer interest and the state of the market. Also last week, commissioners gave permission for the refinancing to be delayed to see what happens with the market and interest rates.

The $6 million bond issue would be used mainly to finance road and infrastructure improvements, including repaving Swallow Hill Road from Greentree Road to Scrubgrass Road. Work also would be done at the township park's tennis courts and pool.

In other business, the commissioners also approved:

• Advertising an ordinance amendment establishing a penalty for late payments of real-estate taxes and interest rates for delinquent taxes.

• A budget of $4,500 for supplies and materials for the 2013 recreation program.

Megan Guza is a staff writer for Trib Total Media. She can be reached at 412-388-5810 or mguza@tribweb.com.

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