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Nuangola nears closing on sewer loan


February 17. 2013 8:40AM
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NUANGOLA – The borough sewer authority keeps accumulating invoices for work on its sewer project and officials said Monday the authority will soon have the working capital it needs to start making payments.


Robert Gonos, authority solicitor, said documents have been received from bond counsel Patrick Healy that when signed by authority and borough council members will pave the way for a closing with Fulton Bank of Lancaster on a $5.5 million construction loan.


Gonos estimated closing should happen within a two-to-three-week period.


The money from Fulton is a key element in a process that is unfolding after more than seven years of haggling and controversy that has dogged the sewer system project.


The latest invoice is for $71,370 submitted by Wexcon Inc., one of two primary construction contractors for the sanitary system.


Rich Kresge, project engineer who is with the Quad3 Group, said Wexcon's invoice coincides with costs incurred by the firm for the purchase of materials and plans to mobilize equipment on-site. Kresge said the prevailing schedule calls for the project to begin this month.


Gonos said payment of the invoice is at this point "when funds become available."


Treasurer Ted Vancosky said the authority has a balance of a little over $2,900 in its accounts. But Gonos, in discussing the remaining legal aspects associated with the $5.5 million loan, said he is confident the process will move forward.


In other matters:


• Kresge said his firm has addressed an issue of blasting raised by Joe Gibbons, Luzerne County engineer. Kresge reiterated it has been specifically stated that no blasting will occur along a county right-of-way.


• A pre-construction meeting has been scheduled on Thursday at 2 p.m. at the borough building involving Wexcon officials, Kresge and members of the authority.




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