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Palmerton looks into bond refinancing

Palmerton officials gave Public Financial Management LLC the green light to look into bond refinancing at their council meeting Thursday evening.

After a presentation from Zach Williard, of Public Financial Management, the borough approved financial advisers to look into refinancing options for a bond totaling $7.3 million and a note of just under $2 million.

The maturity date is 2041 for the former loan and 2035 for the latter.

The refinancing opportunity, Williard said, could save Palmerton around $500,000.

In other business

• A live burn instruction at 509 and 511 Lehigh Ave. will take place April 25, said Jason Behler, chief of the Palmerton Fire Department. The burn will start in the morning and end around 4 p.m. Behler added that the department is still looking for straw bales and drywall donations for the practice burn.

• Borough council accepted the resignation of Michael Kercsmar, Palmerton Fire Department’s assistant chief. Kercsmar’s replacement was not immediately named.

• With the 2020 census fast approaching, Palmerton officials encouraged everyone in the borough ensure they submit their responses on April 1, either online, by mail or by phone.

“Please make sure that you are counted,” Councilman Kris Hoffner said.