July 01--Kittanning has received approval of a $700,000 state loan that will enable it to start paving many of its crumbling streets within two to four weeks.
Council applied for the low-interest Pennsylvania Infrastructure Bank loan in the winter, then sought bids in March so the project would not be delayed once the loan was approved.
The loan has a 1.6 percent interest rate and will be paid off during the next 10 years using revenue from state liquid fuels funds, Council President Randy Cloak said. The first loan payment of about $75,000 will be due next year. Payments in successive years are expected to decrease by about $10,000 annually, Cloak said.
"We're very happy," Cloak said."We had our answer prior to the expiration of the bids."
The lowest paving bid came in at $516,745 and has been awarded to Tresco Paving Corp. of Pittsburgh, said Kittanning Borough Engineer Michael Malak of Senate Engineering. Joe Palmieri Construction of Pittsburgh was awarded the ramp and sidewalk part of the project and will perform the work for $83,600.
Cloak asked that drivers remain patient when the road work starts.
"While it is certainly an inconvenience, it is also an inconvenience to blow your tires out on potholes," he said.
Brigid Beatty is a staff writer for Trib Total Media. She can be reached at 724-543-1303 or email@example.com.
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