The Authority reported that the Township’s general obligation bond refinancing achieved approximately $1 million in savings and received an AA outlook rating.
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What this means
The refinancing reduced the Township’s borrowing costs by about $1 million, meeting the savings target previously set by the Board. The Authority also approved a new grease trap variance application, with a future $650 application fee, and advanced several sewer rehabilitation and pump station projects.
Key decisions
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Approved the general obligation bond refinancing results, which achieved approximately $1 million in savings and received an AA outlook rating.
Established maintenance bonds of $8,703.06 for Margaret’s Grove Phase 3A and $13,976.77 for Phase 3B sewer installations.
Approved a new grease trap variance application and established a $650 application fee.
Approved a $2,852.80 payment to Harrisburg University of Science and Technology for the Impervious Area Reassessment Project.
Approved temporary easement and settlement agreements for sewer replacement work at 1127 Countryside Drive.
Approved a grease trap variance request for Fusion Central, a proposed boba tea shop.
Approved two Manada Electric payments totaling $28,215 for the Fox Run Pump Station Upgrade.
Approved GHD’s $292,000 design proposal for Asylum Run Mini-Basins AR-22M_E and AR-22N improvements.
Approved Honor Engineer Company’s $7,265 survey proposal for the AR-22N project area.
Approved GHD’s $6,800 proposal to review and update tapping fee calculations.
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