Important Sewer Authority Meeting October 5, 2017

09/28/2017

The Sewer Authority will be borrowing the following amounts (or more) from PennVest for the Detailed Plan for sewer development:

$335,678.25     LT Draft Notice of Guaranty 

$307,821.75      TT Draft Notice of Guaranty

$643,500.00

There will not be a notification in the local paper for this meeting.  The attachments above are the official announcement and will appear in the Scranton Times only.

Questions that need to be answered by the commission members at the meeting:

Have the Townships executed the guarantees mentioned in the resolution?
Does interest start to run from the day funds are issued? 
If so what is the time line to get it to the point where fees can be collected and the loan payments begin? 
NOTE WELL….
Accruing interest without a functioning system on $643,500 will increase user fees.

 

Lake Carey Welfare Association, P O Box 637, Tunkhannock, PA 18657