At Monday night's State College Borough Council meeting, members voted to authorize a borrowing ordinance to refund General Obligation Funds.
The General Obligation Note for $10 million has four main purposes:
- To refund the borough’s General Obligation Bonds, Series of 2016
- Design and construct improvements to the borough’s parking garages and other facilities
- Acquire and improve an existing building for municipal purposes
- Pay related expenses
The council also passed four consent items, including closing downtown streets for State College Area High School Graduation and allocating three construction projects to various companies.
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At Monday night's State College Borough Council meeting, Mayor Ron Filippelli proclaimed May…