Commissioners OK bond refinancing
The Lycoming County commissioners approved an ordinance Thursday that allows the refinancing of a 2007 bond that was used to purchase the Third Street Plaza.
The savings, in the form of a refund that can be applied to the remaining payments, will come in at more than $500,000, said Chris Brewer, of Cincinnati-based Dinsmore and Shohl, bond counsel for the county.
“Market conditions are definitely in your favor right now,” he said. “We will be looking at about $650,000 in savings, which is almost 10 percent savings on the original $6.5 million bond.”
The commissioners approved the ordinance by a 3-0 vote. Voting in favor were Jeff Wheeland, Tony Mussare and Ernie Larson.
County Tax Claim Director Tom Heap asked the commissioners to approve an amendment to an existing professional service agreement with Palmetto Posting, of South Carolina, to assist the county with delinquent tax postings.
The agreement is for the 2014 posting season, which begins June 16.
Heap noted that Palmetto has agreed to employ Lycoming County residents for the work – the only county of the 22 that the company serves in which the work will go to local employees.
“Not to sound too excited about taxes, but this is a good thing, because it keeps the wages here,” Heap said.
The amendment was unanimously approved.
The commissioners awarded two contracts:
TRA Electric Inc. for $125,435 for electrical modifications at the county’s recycling facility, which is being upgraded ahead of the start of single-stream recycling
Keystone Communications for $13,660 to remove and re-install new 911 phone and radio dispatch computers and dispatch console furniture
They also approved the addition of a full-time assistant county detective position for the district attorney’s office, effective May 12, at a rate of $17.50 per hour.
Also receiving approval were the following real estate refunds, to be paid by the county:
$1,255.89; to 3C Murphy Brown, parcel 23-376-100 in Jordan Township
$490.24; to Sergio Regland, parcel 67-020-154 in Williamsport
$180.69; to James Holtzman, parcel 26-329-102.A in Loyalsock Township.
The commissioners also approved the listing of several lots of county-owned surplus equipment for public auction.
The items range from envoy vehicles to metal detectors, electronic equipment and two IBM Selectric typewriters, Purchasing Department Administrative Assistant Michele McDermott said.
The first lot will be available for auction today on Municibid, a provider of online government auctions. A second lot will be available on May 9 and a third on May 16.
The next county commissioners meeting will be held at 10 a.m. May 6 at the Pine Street Executive Plaza, 330 Pine St.