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Camden County commissioners approve refinancing that officials say will save $2.3 million; bulk package of resolutions passes with several abstentions
Summary
The Camden County Board of Commissioners approved two resolutions to issue and guarantee tax-exempt loan revenue bonds and to refund prior bonds, a refinancing the board said will save $2,300,000. The board also adopted a block vote on resolutions 1–65; a motion on resolution 66 failed for lack of a second.
The Board of Commissioners of Camden County, New Jersey, approved two resolutions authorizing the county to guarantee and issue tax-exempt county-guaranteed loan revenue bonds and to refund certain prior bonds, and the board adopted a block vote on resolutions 1–65 at its meeting.
Board members opened public hearings on each financing resolution, took no public testimony and moved to close the hearings before putting the measures to a roll-call vote. The board recorded affirmative votes to adopt both financing resolutions. During the vote, a board member credited Steve Williams for the work on the refinancing and said it will save the county $2,300,000 by refinancing those bonds.
The resolutions were presented under the…
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