Chestnuthill supervisors revisited the topic of the series of 2016 bond refinancing with Scott Shearer of PFM Financial Advisors LLC.

In a previous discussion, the supervisors asked Shearer to research the township’s best option for refinancing the bonds - through a bank or bond.

“Residents do not have to worry if it is a bond or bank refinancing because the supervisors will only choose what benefits the township the most,” said township Manager David Albright.

“We sent out two different kinds of RFPs back a few weeks ago, and remember the intent was to analyze the potential ability to refund the township’s 2016 bonds. When we talked about refunding existing debt, we’re just basically talking about keeping the same structure of the bonds and the same maturity date, but it’s going from a higher rate to a lower rate,” he said.

Shearer explained the good news is that the existing rate of 2016 bonds is already a pretty low average at about 2.4%, but today’s interest rates are a little bit lower.

The supervisors will revisit the topic at the next meeting.

At that time, the supervisors will decide on whether to refinance using a bank or a bond.

Liquor license

A hearing date for a liquor license transfer needs to be set. The current business, 115 Inc. and Roma Pizza and the Brick Lounge, requested the liquor license be transferred to Woodstock Grill Inc. Pocono Winery in Swiftwater.

The date for the hearing was not determined yet.

There were no reports from the West End Fire Department, Pennsylvania State Police, and West End Ambulance.

A motion passed to enter an agreement to license a small area from Larry and Betty Jane Altemose’s property off Hillcrest Road next to the Chestnuthill transfer station for $1,500 a year.

The small area will allow the township to do more metal recycling, according to Albright.

The next supervisors meeting is July 6.