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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 authority of NJSA 40:37-56, which governs county guaranteed loan revenue bonds and related financing agreements. The hearings and votes followed the board’s standard process of opening a public hearing, accepting comment if any, and voting on the resolution.
Separately, the board moved to adopt resolutions 1 through 65 in a single block vote. Most commissioners recorded “yes to all” for the package; several abstentions were recorded on specific numbered items: Commissioner Nash stated he would abstain on items 7, 10 and 39; Commissioner Young said she would abstain on items 7 and 17; and Director Cappelli indicated abstentions on items 2, 7, 15, 17 and 42. The board called for a motion on resolution 66 but, citing the absence of a motion, the chair stated that the motion did not pass.
Board business also included routine procedural actions adopted earlier in the meeting: acceptance of the prior meeting minutes and acceptance of the controls report. At the meeting’s close, a speaker called attention to resolution 45, the acceptance of the county’s 2024 audit, reporting that the audit contained “no findings, no recommendations,” and thanking Finance staff including Steve Yoleika for their work.
During member remarks the commissioners highlighted local programs and events: Commissioner Nash thanked parks staff for roughly 60 ongoing projects; Commissioner Young announced a fall festival at the county sustainability campus (508 Lakeland Road in Blackwood), noted the opening of a county fire-training center and a ribbon-cutting for a new training tower on the 29th at 5:00 (time as given in the record), and said the fire marshal distributed over 300 smoke alarms in 2025; Commissioner Dyer thanked Public Works and volunteers for a charity golf outing; Commissioner Betteridge reported a flu-vaccination event that served over 500 constituents; and Commissioner Cooley Fleischer recapped several veterans’ events and library service updates.
What’s next: the board adjourned at the conclusion of the meeting. The record does not specify a follow-up date for the refinancing beyond the actions taken and does not provide implementation dates for bond closings or other contract steps.
