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Lower Tyrone OKs ordinance for project loan

Thursday, Feb. 13, 2014, 5:53 p.m.
 

Lower Tyrone supervisors agreed to apply for a loan to fund a paving project in the township.

The adopted ordinance — along with information on the borrowing base, debt statement and loan agreement — will be sent to the Department of Community and Economic Development.

“The debt procedures have to be submitted and approved,” attorney Ron Stout of Clark Hill-Thorp Reed said.

Stout was appointed by the board to act as special-note counsel to handle the loan for the township.

Once the loan paperwork is approved, it then will be sent to the state Department of Transportation, which will issue the $275,000 loan through the Pennsylvania Infrastructure Bank, said Stout.

The loan will be for five years.

“This is something that will be used for the improvement of the township, which is something that we desperately need to do,” Supervisor Sean Farris said.

The paving project will cover 2 miles on Ellar and Gillespie roads in the township.

Supervisor Denny Davis said the winter weather is keeping the crews busy while also depleting salt supplies.

“We ordered 60 ton more,” Davis said. “We got 30 ton, so we are waiting on the other 30.”

Davis said the winter has been particularly tough with the frequent snowfall.

“It's these little snowfalls that are hurting us,” Davis said. “You get up about every morning and there is a dusting.”

In other news, Brownfield Community Center will host its annual Valentine's dinner at noon on Feb. 26. All married couples will be recognized, with special acknowledgment for couples married 50 years or more.

Cost for the dinner is $6. Reservations must be made by Feb. 21. Call 724-529-2530.

Marilyn Forbes is a contributing writer.

 

 
 


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