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The Board authorized finalizing a township loan of up to $8,353,929 for the Conococheague Lane Water Treatment Plant, with a 20-year term, an initial 4.25% variable interest rate, interest-only payments in 2027, and principal and interest payments beginning in 2028. The meeting also noted that a potential water-plant violation notice was invalidated and that additional PFAS sampling is required later this summer or early fall.
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The loan will fund water-system improvements intended to maintain and expand capacity, reliability, and service for existing and future customers. The final loan documents must be reviewed by the Township Solicitor and are to include compensation for the treatment plant site and five future water connections for township park facilities. The Board postponed decisions on proposed lot-size and setback changes, an environmental-center allocation, and a possible investment-structure change.
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