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The original item was published from 8/19/2014 3:19:00 PM to 9/21/2014 12:05:02 AM.

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Posted on: August 19, 2014

[ARCHIVED] Moody's assigns initial Aa2 rating to Upper Uwchlan Township's $6 Million 2014 GO bonds

In preparation for an upcoming sewer expansion project, Upper Uwchlan Township is issuing approximately $6 million in General Obligation bonds. As part of this process, on Tuesday, August 5, 2014, a Moody's rating of Aa2 was assigned. The Board of Supervisors, at their meeting on Monday, August 18 2014, formally authorized the borrowing. The funds will be used to partially fund a 300,000 gallon per day sewer plant expansion and to connect 121 homes in three sub-divisions (Eagle Manor, Windsor Place, and Heather Hills) to the new sewer plant. The Municipal Authority and staff are currently finalizing project details and will be disseminating detailed information on the upcoming project very shortly.

View the Moody's News Release ...
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