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Mt. Lebanon to pay for streets, sidewalks through bonds
Tuesday, June 23, 2009

Mt. Lebanon commissioners voted 4-1 last night to finance a 2009 street reconstruction program through the issue of roughly $2 million in general obligation bonds. They also decided to approve designating $200,000 of that money for sidewalk repair.

"We should take the matter by the horns and pay as you go," said Dan Miller, the lone dissenting vote among the five commissioners. "I know my ward needs the sidewalks, but the policy is ridiculous."

Others on the commission expressed reluctance to approve the ordinance to issue the bonds, but stated the cost couldn't be found in the budget's general fund.

Twenty-one bids from four competing firms were received yesterday morning, with the low bid coming from Roosevelt & Cross Inc. with a true interest cost of 4.501 percent. The bonds will mature in 2028.

Maria Sciullo can be reached at msciullo@post-gazette.com or 412-851-1867.
First published on June 23, 2009 at 5:42 am
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