Lacey Township sells $17.722 million bond anticipation notes at 3.75%
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Summary
The Lacey Township Committee approved the annual sale of bond anticipation notes totaling $17,722,000 at an interest rate of 3.75%, a routine financing action taken at the May meeting.
The Lacey Township Committee voted May 20 to approve the annual sale of bond anticipation notes totaling $17,722,000 at an interest rate of 3.75%. The motion to approve the issuance passed on a voice/roll-call vote during the meeting.
The notes, issued annually as part of the township's short-term financing routine, provide temporary capital while longer-term funding or bond issuances are arranged. Committee members moved and seconded the measure and took a recorded vote during the meeting.
Committee discussion at the meeting did not amend the financing terms. No supplementary conditions or additional appropriations were announced as part of the motion.
The action was taken as a standard fiscal procedure during the committee's regular meeting and will be reflected in the township's fiscal records and subsequent budgeting documents.