PITTSTON — City council approved borrowing $2 million from Fidelity Bank on Wednesday to start the Luzerne County Community College project.
The announcement of LCCC occupying the 10,000 square-foot building was made earlier this year, and city Administrator Joe Moskovitz said the money will help get the site ready.
“.. There’s no other way to do the project without borrowing,” Moskovitz said. “We’ve had discussions internally about the nature of the borrowing, because the city is not interested in continuing to borrow. We want to curb our borrowing. However, there’s now way to deliver this project without upfront money because there’s money guaranteed on the back end.”
The school agreed on a guaranteed 15-year lease with the city to occupy the M&T Bank building on Main Street, with two additional five-year options after the 15 years.
City officials are expecting work to begin this summer and be completed in time for the 2018 fall semester.
“We actually have a lease with LCCC that requires us to start moving on this project pretty expeditiously in order to meet the timelines,” Moskovitz said.
In other business Wednesday, council members:
• Announced they will be advertising for bids to spruce up Sullivan Park, which includes constructing a second basketball court, installing security cameras, installing a picnic area, fixing dugouts and improving one of the two Little League fields.
• Approved final plans for Phase III of the city hall renovation, which includes improving the foundation, painting the building, repointing the exterior and repairing the portico.
• Agreed to close Church Street between Monsignor Bendik Way and William Street from 1 to 5:30 p.m. Sunday, May 28, for the celebration of the Mass honoring Msgr. John Bendik’s 50 years in the priesthood.
Reach Jimmy Fisher at 570-704-3972 or on Twitter @SD_JimmyFisher