Council members Bruce Markovich, Gwyneth Collevechio and Marlin Ditsky met with representatives from M&T Bank to arrange a settlement over a 30-year note the council has with the bank. The note was from a sewer separation project.
On December 27, the note will have an interest rate reset, which would increase the interest rate.
The bank offered three options:
The first would be to repay the entire remaining amount of $110,714. In the initial agreement, the borough was responsible for 100% of the interest, whether or not it repaid it in advance. Now, M&T Bank will waive that remaining interest in exchange for a prepayment fee of $908.
The second option is to arrange a rate lock. They are currently paying 4.32% and would try to lock in a rate of 4.35% or 4.37%.
The third option is a loan reset, which would bring the rate to 5.3% or 5.5%.
Lansford has a certificate of deposit with Mauch Chunk Trust Company for $165,000 and earns only 0.15% interest.
The borough council voted to cash in this CD from Mauch Chunk Trust and use it to pay off the loan under the first option.
• Council received a quote for fuel oil. The only offer was from Kattner Coal & Oil, Inc., 333 W Railroad St, Nesquehoning. The offer is $5.35 a gallon for 2,500 gallons of oil for the borough office. The board voted in favor of the offer.
• Council passed a motion to allow Brinkash & Associates to survey Cortright Street between West Abbott Street and West Water Street at a cost of $3,600.
“The street is not very wide,” Councilor William Chuma said. “There aren’t many parking spaces in the 300 block of West Water Street. I think if we widen the street and put curbs, we could widen this street so cars can park.
Brinkash will survey the street to determine which part of the street and property belongs to the borough.
• Lansford Alive will host the annual Santa Claus Parade on November 26 starting at 4:00 p.m. The lighting of the tree and the arrival of Santa Claus will take place in Kennedy Park at 5 p.m.
• Borough Vice President John Turcmanovich released fire department and ambulance reports, saying American Fire Co. No. 1 responded to 27 fire calls in October and 180 so far. now this year.
• Lehighton Ambulance Association responded to 75 incidents in October. Its average response time was 9 minutes.
For the month of October, $4,636.44 in taxes was collected, according to the tax collector.
Lansford Mayor Hugh Vrablic reported income of $1,390.20 from the magistrate and various sources.
• The Lansford Police Department made 10 arrests, mostly for felonies, including attempted homicide. and 2 people were arrested where handguns were used in the crimes.
For October, there were 263 documented calls, over 38 parking tickets and 3 quality of life calls.
“They (the police) are stepping up to get violators off the streets, and it seems to be working,” Vrablic said. “Crime is on the rise and arrests are on the rise.”
• Lansford will draft a resolution for Bill 57. “Bill 57 went into effect in July,” said borough attorney Robert Yurchak. “It has to do with receiving a tax bill. For example, if someone buys a property and the taxes were not taken care of at checkout; this would allow a person who has not received a tax bill within one year of purchasing the property to pay the base rate, but no penalty.
The board passed a motion to authorize Yurchak to draft the resolution, which would be put to a vote at the December meeting. The resolution must be in place by January.
• Council approved the purchase of tires for public works trucks. The 2008 truck needs six tires at $178 each and the new truck needs six at $328 each.
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