Proposals sought to refinance Mt. Jewett water debt

October 2, 2012

MT. JEWETT – 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 “formal recommendation” 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 Council 
When:  Monday, Nov. 5 
Time:  7 p.m. 
Where: Borough Building garage, Center Street