State College Borough Council approves intersection work

From CDT staff reportsMarch 3, 2014 

Improvements at several State College intersections, including installation of a left-turn arrow at South Allen and South Atherton streets, received the go-ahead Monday.

Borough Council approved a $63,875 bid for the work from Hollidaysburg-based Tel-Power Inc. at a regular meeting Monday.

Installation of a left-turn signal at South Allen and South Atherton streets was deemed necessary in a traffic impact study for The Retreat student apartment complex on Waupelani Drive. That portion of the project will be funded by development fees collected from the complex.

Also at the meeting, council approved an accounting change to its pension plans that will allow the borough to save about $100,000.

The change does not affect benefit calculations for employees with pensions.

It is an accounting change that allows the borough to recoup more in market gains that it has made in the past two years.

Borough Manager Tom Fountaine said the borough is facing an increase to its budget because of rising pension costs, regardless. But with the accounting change, the borough faces a $400,000 increase instead of a $500,000 rise.

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