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Kenilworth council adopts $2.3 million bond ordinance; officials cite $820,000 in secured grants
Summary
The Kenilworth Borough Council adopted a $2,298,500 bond ordinance to fund multiple capital projects and equipment purchases, and council members detailed roughly $820,000 in grant support from state and county sources.
Kenilworth Borough Council adopted a bond ordinance authorizing $2,298,500 in capital improvements and equipment purchases, the council announced during a public hearing and vote.
The ordinance authorizes borrowing and the issuance of bond anticipation notes to finance infrastructure work, vehicles, technology and other municipal equipment. Council members said the borough had secured about $820,000 in grants to offset the total cost.
Councilman Morrow, presenting the finance update, said the capital bond ordinance covers approximately $2,298,500 and that the borough had secured roughly $820,000 in…
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