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Hudson County commissioners approve financing, lease for Liberty Science Center High School
Summary
The Board unanimously adopted an ordinance authorizing a lease and bond financing with the Hudson County Improvement Authority for a Liberty Science Center High School project, with officials saying the school will serve about 400 students and that municipal land contributions were significant to the deal.
The Hudson County Board of County Commissioners voted unanimously Dec. 11 to approve an ordinance authorizing a lease and development agreement with the Hudson County Improvement Authority and related county consent for up to $76 million in County-secured lease revenue bonds to finance a Liberty Science Center High School project.
The ordinance authorizes the county to enter the lease and guaranty the payment of principal and interest on bonds issued by the Improvement Authority for the project. The board adopted the ordinance following a public hearing; no members of the public testified on the measure at the hearing.
Why it matters: County…
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