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Lindenwold introduces roughly $7.8M in bond ordinances for capital and sewer work
Summary
Council gave first-reading approval to two bond ordinances on Jan. 7 that together appropriate about $7.8 million for capital equipment and sewer utility projects; both ordinances passed first reading unanimously and will require subsequent hearings before final adoption.
The Borough of Lindenwold’s council on Jan. 7 gave first-reading approval to two bond ordinances that together appropriate approximately $7.8 million for capital and sewer utility projects.
Ordinance 2026:1 authorizes the acquisition of various capital equipment and completion of capital improvements, appropriating $4,072,600 and authorizing the issuance of general obligation bonds or bond anticipation notes in an aggregate principal amount of up to $3,868,970. Ordinance 2026:2 concerns the sewer utility and appropriates $3,695,000 for equipment and sewer improvements, with bond issuance authorized up to that amount.
Both ordinances were moved for first reading by Council President Cheryle Randolph-Sharpe; seconders were recorded (Ordinance 2026:1 seconded by Councilman Raymond Morrisey; Ordinance 2026:2 seconded by Councilman Jermaine Jackson). The motions carried unanimously. Council members noted these were first readings; additional public hearings and a subsequent vote will be required before bonds are sold or projects begin.
The ordinances broadly describe funding for equipment and capital improvements; the meeting minutes do not list specific projects tied to each appropriation. Further council packets or future agendas should specify project lists, timelines and funding sources prior to final adoption.
