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Camden County introduces up to $27 million in open‑space bonds; public hearing set for June 19
Summary
The Camden County Board of Commissioners introduced resolutions authorizing the Camden County Improvement Authority to issue up to $27 million in county‑guaranteed open‑space trust fund bonds and scheduled a public hearing for June 19, 2025, at the Camden County Courthouse.
The Camden County Board of Commissioners introduced a set of resolutions to enable the Camden County Improvement Authority to issue up to $27,000,000 in county‑guaranteed tax‑exempt open‑space trust fund revenue bonds and related bond anticipation notes, the board announced at its meeting. A public hearing on those resolutions is scheduled for June 19, 2025, at 12:00 p.m. at the Camden County Courthouse, 520 Market Street, sixth‑floor meeting room in Camden.
The resolutions, as read into the record, would consent to financing the acquisition and installation of open‑space project equipment and the construction of open‑space infrastructure improvements “in furtherance of and in connection with the policy goals” established by the Camden County Open Space Recreation, Farmland and Historic Preservation Trust Fund referendum. The introduction also authorizes related amendments to a loan agreement between the county and the Camden County Improvement Authority and other ancillary matters tied to the financing.
In the same introduction, the board read a bond order appropriating $3,336,653 for improvements at Camden County College and providing for the issuance of bonds or notes in that amount to finance the appropriation. That bond order will be considered alongside the open‑space financing during the scheduled public hearings.
The board cited the public‑hearing schedule during the meeting but did not take final votes on the introduced financing measures at that session. The introduction establishes the hearing date and location for members of the public and interested parties to comment before any final action is taken.
Authorities cited in the reading included the Camden County Open Space Recreation, Farmland and Historic Preservation Trust Fund referendum and a statutory reference to the New Jersey statutes under which such financings are permitted; the board announced the public hearing pursuant to the applicable New Jersey law cited in the record.
The county said the hearings will give residents the opportunity to comment on both the proposed open‑space bond issuance and the bond order for Camden County College before the board considers final adoption.
