Commissioners Approve Debt Incurring For Bond Restructuring

(Matt Drzik/Beaver County Radio)

At a special public meeting on Friday, the Beaver County Commissioners approved a ordinance that would have the county incur a debt not to exceed $40,000,000, in order that the County could pay off and restructure several bonds from 2012-2020. The ordinance allots for $8,000,000 to go to the reassessment funds.

Pittsburgh-based attorney Wayne Gerhold spoke of the details at the meeting before all three County Commissioners voted to approve of the move.