Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance Bond Refunding topic
No spam. Unsubscribe anytime.
Toms River board adopts second-reading refunding bond ordinance tied to 2017 energy-savings bonds
Summary
The Toms River Regional School District Board of Education approved the second reading and adoption of a refunding school bond ordinance to refund all or part of outstanding School Energy Savings obligation refunding bonds dated Dec. 20, 2017; the public hearing drew no comments and the motion passed by roll call.
The Toms River Regional School District Board of Education approved the adoption of a refunding school bond ordinance at its public meeting. The ordinance provides for the refunding of all or a portion of the district's outstanding School Energy Savings obligation refunding bonds dated Dec. 20, 2017. The public hearing on the ordinance was opened and closed with no members of the public commenting.
Board member How moved to adopt the second reading of the refunding ordinance; Kidney seconded. A roll-call vote recorded eight yes votes and no opposing votes, and the motion passed. The transcript records votes in support from Capone, How, Kidney, Lamb, Pascarella, Palazo, Nardini and Egan.
The ordinance was presented as a refinancing measure; the transcript does not specify expected savings, debt service impact, or an effective date for the ordinance. Those fiscal details and any next administrative steps were not stated on the record.
