Saturday, July 12, 2014

Plymouth Twp. accelerates PENNVEST payments

September 03. 2013 11:57PM
SUSAN BETTINGER Times Leader Correspondent

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PLYMOUTH TWP. — The Board of Supervisors adopted a resolution Tuesday to accelerate the payment of a PENNVEST (Pennsylvania Infrastructure Investment Authority) loan.

The township will increase the monthly payment from $1,000 to $3,000 beginning in this month through April 2014. The remainder of the loan will be paid by May 14, 2014.

The decision to accelerate the loan came after a review of the township’s municipal budget showing that the mid-year Earned Income Tax revenues are above the projected levels, allowing for an increase in the monthly re-payment of the loan.

In other matters, Supervisor Joseph Yudichak said the Tilbury Terrace project that was scheduled to begin this week will be postponed until Sept. 9 because of Verizon’s delay in removing its wires at the work site. The road will be closed on Sept. 9.

Yudichak also announced that the requests for the 30 homes in the next phase of the flood buyout have been completed and the remainder of the process is “moving forward pretty fast.”

NEPA Alliance’s Alan Baranski said the township is in “good financial shape” and the Earned Income Tax is continuing to come in at a “robust level” and “ahead of revenue projection.”

East Popular Street will become a one-way Street for the month of October, at the request of the fire department, for the seasonal re-opening of Horror Hall.

The next meeting will be on Oct. 7.

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