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Bergen County adopts ordinance to back $250 million improvement‑note program

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Summary

The Bergen County Board of Commissioners adopted Ordinance 25-38 to guarantee the Bergen County Improvement Authority's County Guaranteed Pool Note Program, enabling up to $250 million in pooled financing for public works and infrastructure projects.

Bergen County commissioners voted to adopt Ordinance 25-38 on second reading, allowing the county to guarantee the Bergen County Improvement Authority’s County Guaranteed Pool Note Program in an aggregate principal amount not to exceed $250,000,000. The ordinance was presented at the meeting as a vehicle to secure affordable financing for public works and infrastructure projects; the clerk confirmed the ordinance had been introduced at the Aug. 6 meeting and was…

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