October 14, 2026 Committee Meeting and Special Board of Commissioners Meeting

At the October 14, 2026 special meeting of the Lower Merion Township Board of Commissioners, the board adopted an ordinance authorizing up to $37 million in 2026 general-obligation bonds: a maximum of $29 million in Series A and $8 million in Series B. The chief financial officer said the township currently expects to raise about $24 million in new-money proceeds for capital improvements through the end of 2026 and 2027; the higher authorization reflects the parameters required by state law. The township is not currently planning a refunding because it sees no projected savings unless market conditions improve. The ordinance authorizes a competitive private invited sale, sets bond terms and interest-rate limits, and pledges the township’s full faith and credit. The CFO projected year-end debt of roughly $109–110 million in 2026 and $101 million in 2027. Commissioners noted that Moody’s and S&P maintained the township’s AAA ratings. The ordinance was adopted.

At the Building and Planning Committee meeting, members advanced several land-use items, including escrow-fund release, development approvals and waivers, and historic-resource applications; no additional procurement awards or vendor selections were identified. For a Spring Mill Road development, the committee amended conditions to defer curb and sidewalk installation until the township requires it, rather than waive the requirements. The committee also recommended advertising an ordinance concerning the Historic Resource Inventory. Earlier, the township was recognized for its smart-growth and land-use work on the Ardmore House 2 senior affordable-housing project.