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Plum officials are in the process of securing an estimated $7.6 million bond to bolster a new borough building project, stormwater management projects and repurpose the current municipal site.
Borough Manager Michael Thomas said bond counsel Pat Healy is working to acquire the funds.
Council is expected to approve a resolution regarding the bond at its Monday meeting. The borough may close on the deal in about three months .
“We need to get a lot more capital projects done for the community, a lot of infrastructure projects done,” Thomas said at Wednesday night’s workshop meeting. “Borrowing money right now for municipal government is the cheapest it’s ever been.”