Monday, March 11, 2013
Last month, the township's bond underwriters sold $8 million in bonds, in order to fund the construction of a recreation community center and refund a portion of a $5.5 million 2012 bond.
Montgomery Township last month has increased its indebtedness by $8,745,000 through the sale of bonds that will be applied to the construction of a recreation community center and the refunding of a $5.5 million bond from 2012. Finance Director Shannon Drosnock said the increase of indebtedness of Montgomery Township could not exceed $10 million through a 2013 bond offering. "Proceeds of this bond offering will be used for two principal purposes: finance certain capital improvement projets in the township, including the design, construction and equipping of a recreation community center, and to refund a portion of the township's general obligation note series 2012," she said. That 2012 general obligation bond totaled $5.5 million, of which…
Thursday, December 13, 2012
Township Manager Larry Gregan outlined the township's potential plan to fund a $9.6 million community center, which includes boosting its bond market rating to AAA
Township Manager Larry Gregan Monday night laid out the township’s plan on how it’s going to potentially pay for a project that the township estimates will cost $9.65 million. First, it will borrow $5.3 million in bonds, at a 2.5 percent interest rate, for 30 years. Second, it will look to finance a 2012 open space loan of $5.5 million at a locked-in 2.5 percent interest rate for 30 years. The loan, at present, is a 20-year loan at 2.5 percent, with a 7-year reset. The township will soon begin talks with Standard & Poor to boost its bond rating from AA+ to AAA. “We are looking to take advantage of the all-time historic lows in the municipal bond market. (Market rates for bonds for AAA and AA rates) dropped in half — an average of 4.6 to 4.…
Sunday, March 13, 2011
The administration and finance committee revealed the potential borough human resources consultant, the code enforcement committee discussed sign permit fees and the parks and recreation department reviewed a proposal on a holiday tree event
Here is a rundown of recent Lansdale Borough committee reports Administration and Finance The committee is working on a running list of expenses for the general obligation bond, according to committee chair Dan Dunigan. There are items requested by the parks and recreation and electric committees that will come out of long-term investments. These include a $60,000 lawn mower and a $30,000 pickup truck, respectively. To outright buy the items at a total $90,000 would save money, since it would cost $118,000 total to lease the items, Dunigan said. The borough is looking into security of borough hall by purchasing additional cameras. Councilman Jack Hansen asked if there was any discussion on buying television cameras to televise borough …
40.240363
-75.28491
Lansdale Borough Hall
1 Vine St, Lansdale, PA
/articles/lansdale-borough-committees-reports
855620
/locations/3673589
Tuesday, March 8, 2011
Franchise owner Sean Breeden discusses how his business not only sells tons of retro games, but also repairs systems from other states.
Play N Trade Lansdale franchise owner Sean Breeden can't believe the ages of customers that come in looking for retro video game consoles and titles these days. "It's amazing," he said. "I'm totally blown away. Even kids 5 to 10 are coming in for N64, NES, Super NES. Obviously, you can't buy them new anymore. The only way we get them in are as trade-ins. They are so hard to keep in stock." Nintendo 64 remains the top-selling retro game console. "Mario Party 1, 2 and 3 last 24 hours (before they are bought)," Breeden said. Other games like Goldeneye 007, Mario Kart and Perfect Dark are also big sellers. Play N Trade Lansdale does a lot more behind the scenes, er, doors of the business. The store repairs video game consoles, and not just …
40.245038
-75.280271
Play N Trade
545 N Broad St, Lansdale, PA
/articles/play-n-trade-offers-more-than-just-whats-in-its-name
855750
/locations/3621339
Thursday, February 10, 2011
The committee will start reviewing financial reports on a monthly basis
The administration and finance committee recently reported that it has started with a review on financial reports on a monthly basis. Committee chair and councilman Dan Dunigan said it will give council an opportunity to track things relative to the budget. Information can be reviewed “much sooner” on a “much regular” basis. Council will take advantage of free help from a Department of Community and Economic Development representative to get its accountability worksheet completed. In other news, regarding the borough’s general obligation bond, Dunigan said it has a $12.5 million timeline with $9.5 million available on the bond. “We will prioritize a list,” Dunigan said. “There are some things that are important, and others more important …
40.240363
-75.28491
Lansdale Borough Hall
1 Vine St, Lansdale, PA
/articles/lansdale-administration-and-finance-committee-report
855620
/locations/3350419
Matt Buckley
12:10 am on Wednesday, March 9, 2011
If only I had known that, maybe I wouldn't have an Xbox 360 Slim model right now! more ›