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Fanwood council approves $10.699 million bond sale to refinance short-term notes
Summary
The Fanwood Mayor and Council approved a resolution authorizing a bond sale of $10,699,000 to consolidate short-term notes and fund capital improvements including library and carriage-house projects; finance staff said the sale is scheduled for Feb. 25.
The Mayor and Council of the Borough of Fanwood voted to adopt a resolution authorizing a consolidated bond sale of $10,699,000 to refinance short-term notes and cover a series of capital improvements.
Finance staff member Jesse told the council the sale is scheduled for Feb. 25 and will fold several short-term notes into a longer-term bond issue to finance projects including work on the carriage house and the new library. "This resolution…
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