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Camden County approves $27 million open-space financing, adopts bond ordinance; block vote clears dozens of resolutions
Summary
The Camden County Board of Commissioners voted to back up to $27 million in county‑guaranteed open‑space bonds, adopted an amended bond ordinance and approved a block of 75 resolutions; one resolution failed for lack of a motion.
The Camden County Board of Commissioners on July 9 voted to approve county consent for up to $27 million in county‑guaranteed open‑space trust fund revenue bonds and adopted an amended bond ordinance that alters previously authorized improvements.
The financing consent, presented by county staff and read into the record under public hearing number 2, gives the Camden County Improvement Authority authority to issue one or more series of tax‑exempt county‑guaranteed open‑space trust fund revenue bonds or bond anticipation notes in an aggregate principal not to exceed $27,000,000. The measure passed on a roll call vote with all present commissioners voting yes.
The board also held and closed public hearings on (1) an amendment and restatement of the county’s guarantee on certain bonds or notes issued by the Camden County Improvement Authority related to the Camden County Open Space,…
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