Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Bond Financing topic
No spam. Unsubscribe anytime.
Old Tappan council adopts $1.94 million bond ordinance for improvements
Summary
The council adopted bond ordinance 12-75-25 to appropriate $1,941,351 for public improvements, new equipment, communication systems, IT equipment and vehicles; the clerk will publish the notice of adoption as required by law.
On second and final reading the mayor and council adopted bond ordinance 12-75-25, authorizing the appropriation of $1,941,351 to pay costs for various public improvements and for acquisition of equipment and vehicles.
Council members heard the ordinance read aloud, then approved it by roll call. The ordinance authorizes appropriation, use of a state grant where applicable, a down payment and issuance of bonds and bond anticipation notes to finance the appropriation. The clerk was directed to publish the notice of adoption as required by law.
