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Camden County commissioners set bond-refinancing hearings, approve multiple contracts and enter closed session on personnel
Summary
The Camden County Board of Commissioners announced two public hearings on bond refinancing by the Camden County Improvement Authority, approved a slate of contracts and grant applications across public works, parks and corrections, and voted to enter closed session to discuss personnel actions.
The Camden County Board of Commissioners announced two public hearings on proposed bond financings by the Camden County Improvement Authority and approved a string of contracts, grant submissions and budget insertions before voting to enter closed session to discuss personnel matters.
Director Capelli told the board the hearings, scheduled for Thursday, will cover two resolutions authorizing the authority to issue tax-exempt county guaranteed loan revenue bonds — a Series A bond for county capital projects and a refunding Series B — and related loan and guarantee agreements under NJSA 40:37‑56. "We will have public hearings on the following two resolutions regarding bond refinancing," Capelli said.
Why it matters: The bond actions would let the Camden County Improvement Authority finance or refinance county capital projects and potentially lower the county's borrowing costs; the board flagged the matters for public hearings ahead of any final action.
What the board approved:…
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