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Trustees approve resale of 2024 notes into up to $2.6 million township bonds
Summary
Delhi Township trustees adopted a resolution to issue and sell up to $2.6 million in limited-tax general obligation bonds (series 2025) to refinance previously issued notes; the board dispensed with a second reading and the resolution passed by roll call.
The Delhi Township Board of Trustees on Sept. 24 adopted Resolution 2025-191 to issue and sell not-to-exceed $2,600,000 in township public infrastructure improvement limited-tax general obligation bonds, series 2025, refinancing notes the township issued last year.
Administrator Miller introduced the resolution and moved its adoption; a second was recorded and the board dispensed with the second reading. Miller said the vote is not for additional bonds but a resale that replaces the financing notes adopted at the prior meeting and that the present resolution repeals the previous language. Fiscal officer James J. Luby conducted the roll call; the transcript records affirmative votes from Mrs. Sturtz and Mrs. Seavey and the presiding chair announced the resolution passed.
No additional project details or a final bond purchaser were specified during the meeting. Trustees did not request further delay and the board completed the procedural steps to adopt the resolution.
