Lackawanna County Redevelopment Authority 8-4-26

This was a special meeting of the Lackawanna County Redevelopment Authority held on August 4, 2026. The primary procurement-related discussion centered on approving a resolution to facilitate a conduit financing deal for the Greater Scranton YMCA. The project involves issuing revenue notes to refinance existing debt and provide approximately $750,000 in new funds for capital improvements, including $400,000 for a roof and $350,000 for miscellaneous projects. The refinancing aims to lower the YMCA's interest rate by accessing tax-exempt financing. The authority has no financial liability or obligation, as this is a conduit deal with direct loan repayment to the lender. The resolution was approved unanimously and will proceed to the county commissioners for final approval. Closing remarks noted no public comments and adjourned the meeting.