Water Treatent Plant (WTP)
Things are moving rapidly on this project. As noted previously, the bids received exceeded the estimates and approved PENNVEST funding by ~$700,000. DEP has drawn a line in the sand on completion, making the delays envisioned by trying to increase the PENNVEST loan amount untenable.
In order to maintain the schedule, and avoid DEP fines, Council decided to hold the PENNVEST loan at $1.5M and fund the balance out of cash reserves from our general accounts. However, water rates will need to increase further to pay off the loan and replenish our reserves; the $360 per year rate for 2021 will go to $450-$500 in 2022 and beyond. We have confirmed that a line-of-credit can be quickly obtained if we need to for a "rainy day", funding drought, or another unfunded mandate.
In order to close on the PENNVEST loan we must comply with the Local Government Unit Debt Act (LGUDA). In short order we must advertise and enact a debt ordinance, advertise again its passage, and then file a number of forms and notes with DCED, by April 1st. Luckily there are law firms that have this all figured out, and we have retained the assistance of Dinsmore & Shohl [same folks who handled our dam debt]. Our LGUDA ordinance is scheduled for enactment on Wednesday, March 9th. The official announcement and DRAFT ordinance are available by clicking the buttons below. WARNING; the DRAFT ordinance itself is 96 pages.
For those who wish to learn a little more details about the project, the Water & Sewer Committee prepared a 4-page summary, also linked to a button below.
Contact Paul Balint for questions.