Notebook: Palmer May Refinance Bonds

The Palmer Township Board of Supervisors adressed several issues at its meeting this past Monday, including possibly refinancing bonds.

Supervisors Chairman Dave Colver suggested during supervisor remarks that Palmer Township may want to consider refinancing some of its bonds.

"Rates are so low, at historic lows," Colver said. "There could be some savings."

Colver mentioned taking a look at the township's 2009 bonds, valued at $3.3 million.

"I wanted to bring this to the board's attention," he said.

"We should look into that," Supervisor K. Michael Mitchell said.

Meanwhile, in other business, Township Manager Christopher Christman wondered whether it might be worthwhile to add a vending machine at the Charles Chrin Community Center.

Christman said he received a proposal for a vending machine that offers healthy beverages, products and coffee. The township would receive 15 percent of the profits.

Colver didn't know if the township would get much value on such a vending machine.

"If we get 15 percent of only $1,000, it might cost more in electricity to run it," he said.

Christman said the vending machine would be more of a convenience for residents. He also said the township could keep the vending machine "for as long as we want it."