Penn Township Commissioners will wait until next month to decide how to fund a multimillion-dollar road project they hope to begin in 2015.
Linda Iams, director of finance, told commissioners Monday that while she had received interest rates from two banks, she was still waiting to hear back from others about the township borrowing up to $5 million for the four-year project.
Mrs. Iams also said that while she received rate quotes, several of the banks had failed to inform her of the fees involved in the loans. According to Mrs. Iams, fees for such a loan could reached $10,000.
After speaking with township solicitor Les Mlakar, Mrs. Iams said he recommended the board table action on the funding until next month. The commissioners unanimously approved.
Commissioners are hoping to secure a 20-year loan which will be repaid with money the township receives from Liquid Fuels Tax.
In other business:
■ Commissioners approved what they term a ''rephasing'' plan for Blackthorne Estates. The plan eliminates Bridgestone Court, Callaway Court, Cobra Court, Lynx Lane and Ram Drive, and changes lot numbers around an unnamed cul-de-sac.
Township manager Bruce Light said the overall result of the revised plan will be a slight reduction in residential density.
Blackthorne Estates, which was approved by the commissioners 20 years ago, also consists of a golf course. Original plans included an 18-hole course, but only nine holes and a temporary clubhouse have been built.
Mr. Light said that while he is still unaware of plans to construct the course's remaining nine holes, he said the developer wants to proceed with building a permanent clubhouse..
■ Commissioners also approved hiring Joseph Lewis as a permanent full-time police officer. Mr. Lewis was hired Feb. 18, 2013, and has been serving a one-year probationary period.
■ The board will hold a public hearing at 7 p.m. May 20 regarding changes to the township's zoning ordinance.
According to Mr. Light, the township is looking to change the zoning ordinance extensively, including the reduction of zoning districts from nine to five and elimination of various conditional uses.
Linda Metz, freelance writer: email@example.com.