How do you save $845,000 by borrowing $850,000? By getting a good interest rate, and refinancing another $13 million in debt. That's what Bethlehem Township Commissioners considered at their Aug. 8 meeting. According to Lafayette Ambassador Bank, the township can borrow $850,000 and actually save $845,000 in debt service over 14 years by refinancing some of its existing debt at a lower rate.

The township plans to use this found money to finance repairs and maintenance of their sewer system.

Commissioners authorized the execution of a commitment letter, but must take another vote on a borrowing ordinance at their next meeting.

"You're really not going to pull the trigger until the [Aug. 17] meeting," advised Solicitor Jim Broughal.

In other business, two projects in Lehigh Valley Industrial Park VI, located between William Penn Highway and Freemansburg Avenue, received a green light.

Coordinated Health Care is building a 3-story, 49,100-square-foot medical offices building on Emrick Boulevard, immediately south of the Outback Steakhouse. It will include 42 exam rooms and medical offices, with a 214-space parking lot. Construction is expected to start in September.

Luxury Lane, an Easton outerwear distributor, is building a 1-story, 43,200 square-foot warehouse close to the municipal park. Developer Jim Gentile expects the $2 million facility, which will employ about 20 people, should be finished by March.