(10/20) On Tuesday, October 18 at its 2017 budget meeting, the Carroll Valley Borough Council reviewed the impact of a $1 million Redevelopment Assistance Capital Program (RACP) grant on the Borough’s bottom line. Notice of the grant award for the Greater Carroll Valley Community and Education Complex was delivered by Senator Richard Alloway (R-33) and provided in writing
from the Governor’s Office of the Budget on October 14.
"We can’t possibly thank Senator Alloway enough" commented Dave Hazlett, Borough Manager. Hazlett went on to explain that a $70,000 annual appropriation from the general fund that had been budgeted for the building project was no longer needed. "We knew we’d applied for a grant, but I didn’t realize what a huge impact this would have on our budget. This is a very good
thing for the Borough."
The borough’s funding consultant, Amy Kaufman of GMS Funding Solutions, explained that the Borough will also realize a savings of more than $489,000 in interest payments as a result of the grant being applied to a principal pay down on the construction loan that is financing the new complex. "After paying all consulting and related costs, the Borough will realize more than
$1.3 million in net financial benefit," Kaufman reported as she addressed the Council. "Your investment in time and financial resources has paid off. Congratulations."
The news elicited a round of applause from Council, with several members expressing their gratitude to Senator Alloway for his persistent advocacy.
Council went on to approve a temporary construction easement and a permanent water line easement for the York Water Company, which will service the new complex. The new 11,000 square foot municipal building has been under construction since the summer and is slated for completion by early March of 2017. It will include municipal staff offices, a new police department,
appropriate ADA facilities, a branch of the Adams County Library System and community meeting rooms.
"This project has been a decade in the making and now we can start planning its grand opening. What a wonderful thing for our community," remarked the borough’s Mayor, Ron Harris.
RACP grant funding for this project is provided by the Commonwealth of Pennsylvania, Honorable Tom Wolf, Governor.
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