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Runnemede officials say courtroom renovations are underway; sewer financing closed with $2 million in principal forgiveness
Summary
At the borough meeting, staff reported that courtroom renovations have begun, the borough closed permanent financing for a sewer sanitary extension with $2,000,000 in principal forgiveness, and fiscal items including an audit exit conference and bond anticipation note were discussed.
Runnemede borough staff reported at the meeting that courtroom renovations have begun and are being funded through a grant tied to a shared service with the courts. The staff member presenting the update said the borough has submitted $66,485.17 of the grant funds so far.
The meeting also covered recent financing activity. "We closed on our annual bond anticipation note, June 15, with a net interest cost of 2.84% and received a $66,855 premium," the staff member said. The same presenter reported that permanent financing for the sewer sanitary extension closed with $2,000,000 of principal forgiveness, adding, "That means that we do not have to pay that back." The statement was reported to the council without further challenge in the transcript.
The borough also noted that an audit exit conference will be scheduled within the month to review the results of the annual audit, and that the finance committee will be contacted with open dates. Staff reminded departments that all budget requests for 2027 should be submitted to the finance office by Sept. 30 and that committee involvement is welcome.
In other administrative items, the clerk's office created a tax assessor webpage intended to answer reassessment questions, and the staff member said updated tax maps were approved by the state as part of a multiyear process. The presenter said the borough is evaluating properties for foreclosure or sale through auction and is working with the solicitor to update deeds and easements for properties still recorded under the dissolved sewer authority (about 15 lots, as stated in the transcript).
The presentation included a note that a state and local cooperative agreement for housing inspections was signed and sent to the state; the amount recorded in the transcript is $37.85. The meeting record shows the clerk worked with Sergeant Marchese of the police department to create and issue identification cards for field inspectors so police can verify inspectors in the field.
The borough said it is continuing to monitor the New Jersey treasury for unclaimed funds related to EMS billing and has submitted additional small claims; the total amount cited in the meeting was approximately $350.
The meeting closed the administrative update with acknowledgements from several council participants thanking staff for steps taken to move projects and financing forward.
The borough did not announce any formal final vote tied to these financial reports at the time of the presentation. The next municipal step noted in the meeting was scheduling the audit exit conference and following up with the finance committee.
