The Indiana County Commissioners today passed an ordinance concerning the 2020 general obligation note for the county.
The general obligation note provides the county with the funds for improvements and repairs to the county courthouse and the county jail. The money can also be used to enhance the Westmoreland County Community College building at the ICTC Complex. One part will be a fixed-rate loan for $3 million and the other will be a draw-down loan, where funds can be taken as needed. The third part of the financing will be the refinancing of the county’s 2018 Series E loan. This will keep the debt service payments of the county at current or lesser amounts annually. County Commissioners Chairman Mike Keith said that it was great news for the county.
In other business, the Commissioners made a proclamation to commemorate the upcoming Juneteenth celebration that commemorates the day word arrived in Texas, the last confederate state, that slaves were freed by the Emancipation Proclamation. This year’s Juneteenth celebration will be a virtual one held on June 17th from 5-8 PM. More information on how to join will be posted on the Indiana County NAACP Facebook page.
Also, the board approved a contract with the state for the 2019 CDBG competitive contract of $230,000 to be utilized along with the 2018 CDBG entitlement allocation of $232,000 for the Peg Run Reservoir Improvement Project.
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