New Castle News

Closer Look

June 14, 2014

Township to refinance bond issue

NEW CASTLE — Neshannock Township is planning to refinance a 2011 bond issue.

The savings — $200,000 to $240,000 — equals one bond payment, according to secretary/treasurer Leslie Bucci. The bond issue was used to pay for sewer lines at Millennium Park.

The supervisors agreed to enter an agreement with bond underwriter Alisha Philips of Janney Montgomery Scott of Pittsburgh.

They also entered an agreement with attorney Lynn Freeman of Buchanan, Ingersoll and Rooney of Pittsburgh for bond counsel for the transaction.

The supervisors at their meeting also:

•Agreed to spend $1,050 for an engineering study of sewer line problems near the Ludwig Road lift station. Officials said the line ruptured twice in the past six months, on Rosedale Avenue and on Spring Garden Avenue.

•Approved a $15,625 contract with Graziani Construction Inc. of New Castle to install water line and access road to the Autumn Hills Lift station. The cost is to be reimbursed to the township by the developer.

•Approved a resolution to pay $9,295 to the New Castle Area Transit Authority as a local match for bus service for 2014-15. The amount is a 4 percent increase from last year’s agreement. The cost is shared by local businesses that benefit from the bus services, including Jameson Health System, Giant Eagle and Call’s Plaza Associates.

•Agreed to purchase a used 2008 golf cart from E-Z-Go for $1,650. The township currently leases golf carts for use at Pearson Park, Walmo and Hess Ice Rink.

•Hired Michael Baker and Patrick Danglidis at $7.25 per hour as seasonal help for the park, road and sewer departments. They replace Matt Seltzer, David Burkes and Jonathan Wherry, who were previously hired as summer help but accepted employment elsewhere.

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