The City will use over $1 million from the General Fund to fix up those sinkholes, but at the meeting Tuesday night, they want to move forward into securing a loan for the state to use that money.
At the beginning of the year, the sinkholes on Fourth Street swallowed up the street. Residents had to move from their homes, while crews tried to repair not one, but three sinkholes.
Councilman Brad Koplinksi says repairing this sinkhole will cost about $600,000 but patching up all of the sinkholes in the city would cost about $1.7 million. These funds, at first, would be taken from the General Fund, but City Council hopes it will be reimbursed if the City can secure a loan from the state.
PennVest provides low-cost financial assistance, and Koplinksi says this situation justifies securing a loan. "I would not expect papers sent out unless there's been preliminary talk."
The city has not secured this loan which at most will be $1.77 million. The vote at Tuesday's meeting, is all about moving forward to fill out an application for the loan. But Koplinksi tells us he remains optimistic that they will get it.