
Montgomery County Pa Real Estate News for the week of 2/20/12
Telford cutting spending
The year end numbers for Telford Borough have necessitated a large spending cut for the 2012 budget. The borough ended 2011 about $125,000 short of budgeted revenues. The borough’s Finance and Administrative Committee and other borough officials came up with a list of budget cuts that total approximately $104,000. The cuts include reductions to Telford borough contributions, delaying a planned codification of ordinances, general purchases and improvements.
Source: Times Herald; 2/14/2012
Lower Merion to try again for Ardmore Transit funding
On the heels of news that Amtrak has indicated more interest in cooperating with Lower Merion Township on the Ardmore Transit Center project, the township has learned that a new round of TIGER grants is now available. The “Transportation Investments Generating Economic Recovery” grants are offered by the U.S. Department of Transportation, and indications are that the latest round of TIGER grants will focus on transit projects. Lower Merion had been disappointed when passed over in December for TIGER grant funding, and the possibility was raised that the new train station and parking garage may have to be deferred. Preliminary approval for submission of an application for $25 million was given by the commissioners. The final application is due March 19. Visit www.lowermerion.org for more information about the Ardmore Transit Center project.
Source: Main Line Times; 2/9/2012
Abington to consider $3 million bond for storm-water projects
The Abington Township Board of Commissioners voted to approve a hearing on March 8 on the issue of general obligation bonds. The bonds, not to exceed $3 million, will help boost funding for storm water projects in the township. The bonds are structured to spread the debt service out over seven years to avoid more interest and stay within budget restraints. The money received from the general obligation bonds will be used for storm water management. Abington has about 36 projects on a master list that is rearranged when priority projects emerge.
Source: Glenside News; 2/13/2012
Lansdale Community Branding Survey
Lansdale Borough has launched a community branding survey. The survey is an important component of a community research and branding initiative for Lansdale that will inform how the area can elevate its reputation with residents, visitors, and businesses. The survey is available until Feb. 29. For more information about the Lansdale Branding initiative and to access the survey.
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