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Middlesex County Improvement Authority approves consent agenda including authorization for up to $515 million in revenue bonds for HELIX development
Summary
The Middlesex County Improvement Authority approved a consent agenda on April 8 authorizing up to $515 million in revenue bonds to support HELIX projects in New Brunswick, approved vendor insurance and expense resolutions, and approved vouchers (with one recorded opposed). DevCo said the HELIX complex will total about 1.5 million sq ft and $2.2 billion in investment.
The Middlesex County Improvement Authority on April 8 approved a consent agenda that included a resolution authorizing the issuance and sale of revenue bonds in an aggregate principal amount not to exceed $515,000,000 to support HELIX-related projects in New Brunswick.
Vice Chair Paul Abbey presided over the meeting and called for the consent agenda vote after legal counsel read the four resolutions by title. The resolutions included the $515 million bond authorization (8a), a property insurance agreement with Chubb for the New Brunswick Center parking garage (8b), affirmation of the Middlesex County Commissioners’ policy prohibiting civil immigration enforcement by ICE and CBP on county property (8c),…
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