Brentwood Borough Council selects line of credit for projects
By Laura Van Wert
Published: Wednesday, February 27, 2013, 8:30 p.m.
Updated: Wednesday, February 27, 2013
Financing to construct a $1.25 million department of public works facility and to complete funding for the first two phases of the $8 million Brentwood Park refurbishment will be conducted through PNC Bank.
Brentwood Borough Council unanimously approved on Feb. 26 to appoint PNC Bank to provide a $3.3 million non-revolving line of credit for a variable interest rate of 1.79 percent for a 24-month period. This option of funding enables borough officials to use only the money each project needs and to give council members more breathing room to decide how to proceed with another large potential project — constructing a new municipal facility.
“As we need (the funding), we'll draw down on it,” said George Zboyovsky, borough manager.
• Borough council will vote on the conditional use and site plan for Dunkin Donuts, which could be constructed at 3200 Saw Mill Run Boulevard, where the former Arby's fast food restaurant stood until the fall.
Borough council members said they needed more time to review the plan information before voting.
“Council needs to digest the information,” said solicitor Thomas Ayoob.
There was a public hearing for the project on Feb. 26 before the regularly scheduled council meeting. Council has 45 days from that hearing to vote on the project, Ayoob said.
The March 19 agenda meeting falls within that 45-day period.
But officials with Heartland Restaurant Group LLC, the franchisee, said postponing the vote could jeopardize constructing a Dunkin Donuts in that location.
The zoning hearing board granted three variances for the project last month, which the planning commission later approved. Plans include constructing a 2,070-square-foot, one-level building, a drive-thru and parking spaces on 34,848-square-feet of land.
Laura Van Wert is a staff writer for Trib Total Media. She can be reached at 412-388-5814 or at email@example.com.
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