Borough of Somerset Municipal Authority Agenda April 2026
Intent to Borrow $3.77M from PENNVEST for Phase 1C
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Description
Through Resolution 2026-06, the Authority plans to formally declare its intent to borrow $3,769,709 under PENNVEST Loan No. 75416 for the Phase 1C Sewer Improvements Project. This action supports financing of major sewer system upgrades.
Contract Details
Contract Amount
$3,769,709
Vendor
PENNVEST
Agency
Town of Somerset, PA
Contract Type
FINANCIAL_SERVICES
Document Date
April 27, 2026
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