DUBOIS – The City of DuBois took a step towards taking out $8 million in general obligation loans Monday night with the first reading of City Council Bill No. 1853. With the step towards issuing the bonds, the City Council of DuBois was the recipient of several grants.
The bonds will be used to pay off three outstanding loans of the city, funding capital projects and the cost of issuing the bonds themselves. The bonds, if issued, would have 30 year terms.
The first grant announced during the meeting was presented to the city by George Katsel of Trout Unlimited. The grand was tied to the work at Tannery Dam.
“If nobody has seen the Tannery Dam it looks one hundred percent better,” said City Manager John “Herm” Suplizio.
Another grant will be used to fund an addition to Fire School Tower, which the city will begin advertising bids for. It is the city’s hope to use the $40,000 to add two stories to Fire School Tower.
The city also received a $6,550 recycling grant.
All members of the council were present save for Diane Bernardo, who was excused.