The above is from the agenda for last night’s city council committee meeting. This is important and needs to be watched like a hawk.
Patrick Hopkins told council that the city had requested bank note and bond issue proposals for the $9 million dollar portion of the construction cost of the two new fire stations. He said the best offer came from ACNB Bank (formerly Adams County National Bank) for a 20-year loan as follows:
— First 10 years at a fixed rate of 2.82%
— The next 10 years at a variable rate between 3.887% and up to a maximum of 5%.
The city doesn’t actually know the cost of the two stations because the request for bids are out on both. The city has requested a bid for building one at a time and also a bid for building both stations at once. They expect to award the bid(s) in October.
Mayor Sorace told council that they applied to the state for help and received only $500,000 of the four million they had requested. She stated they will re-request for more.
The total cost, including demolition is expected to be 11.5 million with the remainder from the $9 million they plan to borrow coming from a 2018 bond issue and the general fund and one other source that I didn’t catch.
The design of the two stations is identical with 3 bays on the first floor and the living space on the second floor. Asked if there had been any change in the situation with the Wacker Brewing Company and a lease they have for a warehouse at the 425 West King Street location which would hold up construction, Mayor Sorace stated there was no change in the status. She did say that the city plans to have the demolition and concrete work done before winter, so how that is attainable is not known.
The approval of the loan from ACNB bank was moved forward to the August 13th city council meeting.
* The Columbia Spy has an excellent write-up on Hobie Crystle, who is running for District Attorney (click here).