October 2nd, 2012
Historically low interest rates have led many municipalities and schools to refinance their debt to save money.
But the same low interest rates also are cutting earnings on money set aside in "rainy day" reserve funds.
This is the case in Wetmore Township.
Acting at a meeting Tuesday, the Wetmore Township Board of Supervisors agreed to renew a $200,000 certificate of deposit (CD) with Hamlin Bank and Trust of Kane.
The interest to be paid over the next year is only 0.9 percent-- less than 1 percent. The township in the past year received 1.5 percent interest on the same CD.
MT. JEWETT â Proposals are being sought to refinance debt for the Mt. Jewett water department.
Uni-Tec of State College, the consulting engineering firm for the borough, has asked seven banks to submit proposals by Friday. The engineers will make a âformal recommendationâ at a meeting of Mt. Jewett Borough Council on Nov. 5.
Uni-Tec is asking for two separate proposals from each bank, including Hamlin Bank and Trust, CNB and Northwest Savings Bank.
One proposal calls for refinancing water department debt of $484,256.69.
Mt. Jewett Borough CouncilÂ
When:Â Monday, Nov. 5Â
The Kane Wolves junior varsity football team scored 22 points, all in the first half, while shutting out the Ridgway Elkers on Monday night at Paul R Miller Stadium.
Logan Zuzek put the Wolves on the scoreboard, grabbing a pass from Jack Kocjancic for an early touchdown. Tyler Blankenship added the two-point conversion, giving Kane an 8-0 lead. Just minutes later, freshman Tyler Rolick ran one in for the Wolves.
BROOKVILLE âÂ For the second year in a row, Elk County Catholic High School's Kristy Hanes finished in the runner-up spot among the Class AA golfers in the District 9 Girls' Golf Championship, three strokes behind the leader.
The scenario was unfortunately a familiar one for Hanes, who tied for second last year with Union's Larissa Roberts while coming in three strokes behind Redbank Valley's Samantha Dinger.
In this year's event, which was held at Pinecrest Country Club in Brookville, Hanes carded an 88 on the day, while Keystone's Amber Hess shot an 85 to take the title.
The Kane Lady Wolves soccer team played their first game in two weeks on Monday when they hosted the Port Allegany Lady Gators.
A longtime Highland Township supervisor has been charged with environmental law violations while serving as the certified operator of the James City sewage treatment plant.
Charlie Vaughn, 75, chairman of the township Board of Supervisors, until recently served as the state-certified operator at the sewage plant in James City. He resigned within the past few months.
According to a statement issued Monday by Pennsylvania Attorney General Linda Kelly, Vaughn is accused of filing "falsified environmental reports" with the state Department of Environmental Protection (DEP).Â
The Kane Eagles Club continues to help people in need from our area.
Kaneâs Jerrod Swanson was born with Nagerâs Syndrome, also known as acrofacial dysostosis. The condition is extremely rare with only a few hundred cases reported worldwide. According to the Foundation for Nager and Miller Syndromes, it is âa rare genetic condition involving physical anomalies.â
MT. JEWETT â Non-profit organizations and groups in Mt. Jewett are invited to apply for a share of the funds raised for a state-sanctioned Charter School in the borough.
Chuck Paar, president of the Mt. Jewett Borough Council, said Monday that "just under" $14,000 remains in the treasury for the Mt. Jewett Charter School Coalition.
RIDGWAY â A Ridgway man incarcerated since July 24 on arson and related charges, as well as charges of attempted murder and assault, was in Elk County Court Monday appealing for a reduction in bail so that he may be released from jail and return home while awaiting trial.
Francis Anthony Milliard, 54, of 76 Long Level Rd., Ridgway, waived arraignment and entered not guilty pleas Monday in five separate cases against him, including a 2010 Ridgway arson, a 2008 Johnsonburg arson, the assault of a Ridgway man, firearms possession by a convicted felon, and a drug offense.
The Kane Middle School girls basketball seventh- and eighth-grade teams traveled to St Marys on Friday afternoon to take on Elk County Catholic.
ECCâs eighth-grade team avenged an early season loss to Kane in their tournament by beating the Lady Wolves 25-20. The seventh-grade team lost to the Crusaders by a score of 34-10 in the early game.