More Great News for Harrisburg! HARRISBURG - Mayor Eric Papenfuse will receive a check for $150,000 from the Lancaster County Solid Waste Management Authority at a press conference at 1 p.m. Thursday in the Atrium at the MLK Government Center in another sign that the city is on the right path toward economic recovery. Mayor Papenfuse will receive the check for meeting the deadline to have the city’s public works division move out of the facility adjacent to the incinerator, which the Lancaster Authority now owns. Harrisburg’s Public Works completed its move to the former Brenner car dealership at 1812-20 Paxton St. this weekend. The city will receive a total of $300,000 to assist with its relocation, which involved moving massive amounts of equipment, vehicles and supplies. Public Works Director Aaron Johnson and a team of city workers had to complete the move in only a few weeks or risk losing half of the money the authority allocated for assistance. “I congratulate our Public Works team and all city employees who faced incredible challenges in moving the facility within a short span of time,” said Mayor Eric Papenfuse. “A lot was at stake for the city and for the residents of Harrisburg. This just shows what can be accomplished with a capable and committed leadership team.” Mayor Papenfuse also thanked Mike Brenner, owner of the site, for working with the city to provide a facility for Public Works at a reasonable cost. The announcement of the successful move of the city’s Public Works facility is only one of several benchmarks the city has met toward ensuring Harrisburg’s economic recovery. At the press conference, the Department of Community and Economic Development and City of Harrisburg Coordinator Fred Reddig will highlight several key financial accomplishments as the City continues with implementation of the Harrisburg Strong Plan. According to Reddig the city has achieved several key financial accomplishments this month, including: • Making its first payment on its General Obligation Bonds since 2011. Payment was made to Bank of New York Mellon in the amount of $4.67 million in advance of the bond payment due on March 15. • Closing on its first financing since the Series U parking revenue bond transaction. This was a $2 million Tax Anticipation Note from Metro Bank. The City may not need to draw on this loan; however, it provides backup until its real estate and earned income tax revenues are received to meet debt and creditor obligations. • Paying off the remaining balance on the Metro Bank loan that was secured with the pledge of proceeds of the artifacts auction. Metro Bank waived fees that it ordinarily would have charged in light of the Citys early repayment. All told the City has received approximately $ 2.6 million from the sale of the Wild West artifacts. • The City Council approving the necessary steps to utilize a $300,000 subsidy from Lancaster County Solid Waste Municipal Authority (LCSWMA) to the City for moving its public works vehicle maintenance center from the incinerator property. This amount should be sufficient to make the rent payments at the new location for the next 20 months. • The Harrisburg Authority, now known as Capital Region Water closing on a line of credit with Manufacturers and Traders Bank in the amount of $2 million to proceed with its overdue sewer treatment plant upgrade. This project will result in improvements to the Chesapeake Bay watershed, enabling the City of Harrisburg to avoid millions of dollars in fines. “We continue to receive clear signs that Harrisburg is on the right path,” said Mayor Eric Papenfuse. “With the strong and capable leadership team we’ve assembled to guide the city, Harrisburg is well-poised to forge ahead in its economic recovery.” For more information, contact: Joyce M. Davis at jdavis@cityofhbg or 717 255 3015. ##
Posted on: Wed, 26 Mar 2014 17:31:08 +0000
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