Penn commissioners are proceeding with plans for a multimillion-dollar road project that they hope to begin in 2015.
The commissioners Monday night instructed Linda Iams, township director of finance, to continue to investigate the rates and terms of a loan for up to $5 million for the four-year project.
Mrs. Iams told the board she has already begun seeking quotes from local banks.
Although the commissioners said they would consider repayment of the loan over a 20-year period, the township is looking to use money it receives from Liquid Fuels Tax to fund the project.
“I was hoping for a 10-year loan but it’s not looking like that will be possible now,” said Commissioner Ed Sullivan. “Still, 15 years would be better than 20.”
The commissioners said funding is the first step in what will be a major road project for the township.
According to board chairman Paul Wersing, the township is coordinating a list of roads to be included.
The last major road project in the township was in 2002. The commissioners borrowed $3 million for that project. That loan has since been repaid.
“We’re pretty much debt free,” Mr. Wersing said.
In other business:
■ Bruce Light, township manager/secretary, told the commissioners that interviews are being arranged with candidates for the township’s new emergency management director position.
■ The commission also approved amending the township's Occupation Residents Tax ordinance, by setting the minimum earned income exemption to $12,000 rather than $10,000, and increasing the delinquent tax penalty to 20 percent. Solicitor Les Mlakar said the change would mean the township's policy agrees with the Penn-Trafford School District’s policy.
Mr. Mlakar noted that the tax has been in existence since at least 1970.
Linda Metz, freelance writer: email@example.com.