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Trustees renew $2.6 million bond anticipation notes for infrastructure; second reading dispensed
Summary
Delhi Township adopted a resolution on Sept. 10 to renew up to $2.6 million in limited tax general obligation bond anticipation notes for public infrastructure improvements, with trustees voting to dispense with the second reading and approve the renewal.
Delhi Township trustees approved a resolution on Sept. 10 to issue and sell up to $2.6 million in limited‑tax general obligation bond anticipation notes to renew an existing obligation for public infrastructure improvements.
Administration described the action as a renewal of an existing bond to try to secure a better interest rate and extend the term. The board moved to dispense with a second reading and adopted the resolution by roll call; the minutes record unanimous assent from the trustees.
The resolution was presented as a financing renewal rather than a new borrowing authorization; township staff indicated the intent to seek improved terms but did not provide financing proposals, interest rate targets, or a detailed spending plan for the proceeds during the meeting. Trustees took no additional budgetary votes at the session; the renewal will proceed under the authority granted by the adopted resolution and the township’s finance staff will manage issuance details.
