Authority hikes line of credit
Lycoming County Water and Sewer Authority board members Wednesday night approved a $500,000 increase to a line of credit the organization uses to fund capital projects.
The authorization makes available a $1.5 million line of credit through Sovereign Bank that authority Executive Director Christine Weigle said is used for projects undertaken while final financing is secured.
She pointed to projects such as the Fairfield Road water project, Gray Fox storage tank and the purchase of additional water capacity from the Muncy Borough Municipal Water Authority as uses for the line of credit, which has been in place for several years.
“We knew we needed to increase the line of credit to get us through some of that,” Weigle said.
Board members also approved billing modification for Beaver Lake sewer system customers that puts due dates on a monthly basis instead of quarterly. Customers will pay $133 a month opposed to $400 a quarter.
Weigle said the change was made to help users in Penn Township “better manage their finances on a monthly basis.”
In addition, any late fees accumulated by Beaver Lake customers will be delayed until March 20, according to Weigle.
Auditing services at a cost of up to $27,000 from ParenteBeard were approved by the board.
Officers were confirmed for 2013. They are Mary Bennardi, chairwoman; Jan Ransdorf, vice chairman; Donald Konkle Jr., secretary; Paul Wentzler, treasurer; and Richard Haas, assistant treasurer.
The board also hired Joe Skrtich to the new position of full-time water system manager and Kathleen Bennett as a part-time project administrator.