Hatboro Seeks Money for Wachovia Lot Paving

If the Hatboro Borough Council has its way, the 150-space parking lot behind the former Wachovia Bank will be repaved soon.

During last week’s meeting, Council President John Zygmont said he intended to go to the Hatboro Borough Authority’s February meeting to ask for funds to pave the former bank’s parking lot.

But, before he goes, Zygmont said he wanted the governing body to take a formal vote at its Jan. 28 meeting.

“I want it all laid out so that when I go there I go with the authority of council asking for the money,” Zygmont said.

The Hatboro Borough Authority forked over $400,000 so that elected officials could buy the shuttered Wachovia Bank property on York Road in 2009.

to Hatboro Federal Savings in late 2011.

At the time of the sale, Zygmont had said that the borough "really broke about even" because the adjoining lot would remain borough-owned and it had appraised at $400,000. .

Councilman Bill Tompkins said curbing, storm water, lighting and landscaping work was done last year. Since then, Aqua dug up a water main across part of it and down bank street, so the road was patched, according to Tompkins. 

The paving will coordinate with the rebuild of Bank Street, he said. 

In addition to asking for more money, Zygmont said he would like the council to take action to repay the Hatboro Borough Authority - the entity tasked with overseeing the $5 million generated from the sale of the borough’s water company – its $400,000 from the property’s acquisition.