South Whitehall Twp. Commissioners OK $3M line of credit
The South Whitehall Township Board of Commissioners approved a $3 million line of credit to fund upcoming and potential capital projects during Wednesday night's meeting. The vote was 3-0.
The potential capital projects the money would fund include the purchase of a new fire truck and road improvements, among others, according to township Manager Jon Hammer.
The financing is being provided by Neffs National Bank with full amortization over a 20-year period.
For the first 10 years the township would pay 2.31 percent interest on money borrowed.
In the second decade of the terms agreed upon by commissioners Wednesday night, the rate would be reset to an amount not to exceed 5.5 percent.
Settlement is expected by the middle of May.
In other business Wednesday night, commissioners directed Bill MacNair, the township's planning commission secretary, to meet with J. Ralph Russek, the township's assistant planner, to identify salient roadway construction projects that could be submitted to the Pennsylvania Department of Transportation.
MacNair sought legislative action to designate funds for traffic infrastructure studies, however, Commissioner David Bond said there "isn't enough information" to take such a step at this point, considering the township has no ultimate control over many of the roadways on the list because they are state roads.
This was not MacNair's first time before commissioners on the subject.
Last October he noted eight projects that warranted improvements. Topping that list during Wednesday night's discussion was Tilghman Street at Route 309.
It was after a few minutes of discussion that commissioners instructed MacNair to identify and then arrange a long-term vision for the top projects to be presented.
Ultimately the township will be expected to financially contribute to the projects, according to Hammer.
Those contributions would be for issues such as street lighting and stormwater.
"At some point it comes down to 'do we want to spend township money,'" Hammer said.
In other business, commissioners approved the appointments of David Keppel and Steven Walck to at-large postions on the township's parks and recreation board following their respective recommendations by the Parkland School District.
President Christina Morgan and Commissioner Dale Daubert were absent from Wednesday night's meeting.
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