Bucks County News

Information obtained from Suburban Realtors Alliance

Bucks County’s credit rating remains high
Bucks County’s high credit ratings were recently reaffirmed by two major national financial institutions, according to county officials. Both agencies – Moody’s Investor Services, and Standard & Poor’s Rating Services – gave Bucks County their highest possible grade: Aaa from Moody’s; and AAA from Standard & Poor’s. The agencies said the grades reflected the county’s strong reserve levels, low debt, and financial stability. “This is a significant achievement that did not happen overnight,” said Rob Loughery, chairman of the county commissioners. “It’s about a long-term, disciplined approach.”
Source: Philadelphia Inquirer; 6/3/2015

Doylestown to acknowledge stewardship of dedicated property owners
Doylestown Borough has announced “The Mayor’s Property Stewardship Award” to be presented twice yearly to acknowledge the outstanding stewardship of dedicated property owners through an award presentation during a Borough Council meeting. Stewardship of residential or commercial properties may include, but is not limited to, reconstruction, repainting of buildings, and repair of deteriorated conditions involving structures such as fences, walls, or landscaping. Nominations for the Stewardship award will be accepted from community members, the Doylestown Historical Society, the Borough’s Historical and Architectural Review Board (HARB), and the Revitalization Board. Nominations will be reviewed by the Design Committee, a division of the Revitalization Board. A recommendation will then be made to the entire Revitalization Board for approval. Nominations can be emailed to jdavis@doylestownborough.net.
Source: Doylestown Borough e-news; 6/3/2015

Warrington eyes new apartments and assisted living facility
An assisted living facility and an apartment building are proposed for Bristol Road near the intersection of Pickertown Road in Warrington. The assisted living facility would be constructed at a 4-acre site at 2527 Bristol Road. The plans call for a 28,000-square-foot, one-story building with 50 to 55 beds and is estimated to cost between $6 million and $8 million to construct. Warrington township planners told project attorney Gregory Sturn that they would need more time to review the details of the plan before it is presented to township supervisors for approval. The planners also heard testimony about an apartment complex planned for a 3-acre site adjacent to the assisted living site. The apartment building would have 42 units, said the attorney for the developer, RHH Properties. Included in the testimony were stormwater management and traffic related discussions.
Source: The Intelligencer; 6/3/2015

Falls expects to continue reaping landfill benefits for years
With the announcement that the Tullytown Landfill will cease operations by 2017, the days of Tullytown reaping the financial benefits of hosting a landfill operation are coming to an end. However, that is not the case for neighboring Falls Township, officials said. Falls is also home to part of the Tullytonw Landfill and the 117-acre GROWS North Landfill, and is awaiting the possible opening of the 193-acre Fairless Landfill on the former U.S. Steel Coke Works site. All three landfills are owned and operated by Waste Management Inc. Falls currently brings in about $1 million per month in host fees from the two existing Waste Management operations. The township supervisors use the revenue to help finance municipal operations and keep property taxes in check. Should the Fairless Landfill open, Falls could actually see an increase in the amount of host fees it brings in even with the Tullytown site’s closing. The DEP is reviewing Waste Management’s permit application for the landfill. In the meantime, Waste Management is conducting “an extensive cleanup” of contaminated soil and hazardous waste on the proposed landfill site.
Source: The Intelligencer; 5/31/2015

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