Greencastle, Antrim talk about possible acquisition


Greencastle Area Franklin County Water Authority met in executive session for over an hour with Antrim Township personnel. GAFCWA members Rodney Rose, Greg Rock, Robert Miller, Jason Gerhart, and manager Kenneth Womack convened Aug. 20 with Antrim administrator Brad Graham, supervisors Pat Heraty and John Alleman, and Antrim Township Municipal Authority members Rick Baer, Chad Murray and Rodney Eberly. Baer is also a supervisor. The topic of discussion was property acquisition. Afterwards, on a Rock/Rose motion, the board appointed Gerhart and Miller to a committee to consider options for a potential GAFCWA acquisition.

During the regular business meeting, Womack reviewed the 2011 audit and financial statement. Net assets were up but cash flow was down for the year. He mentioned what borough council was already considering, no capital projects in 2013, and maybe inching up water rates. That would allow time to build up reserves for improvements in 2014.

He reported a net income of $79,000 in tapping fees for Lot 11 in Antrim Commons Business Park, for a yet-unnamed warehouse company. Norfolk Southern was also ready to purchase 30,000 gallons of potable water daily for 40 days, to be used for mixing concrete at its intermodal terminal. The treated water was more expensive, but Gerhart noted it made better quality concrete.