Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Finance topic
No spam. Unsubscribe anytime.
Paulsboro adopts bond ordinance authorizing up to $517,750 for equipment and capital improvements
Summary
Council adopted bond ordinance O.26.04 to appropriate $545,000 for equipment and capital improvements and to authorize up to $517,750 in general obligation bonds or bond anticipation notes to fund the work.
Council adopted bond ordinance O.26.04, which appropriates $545,000 for various equipment purchases and capital improvements and authorizes the issuance of general obligation bonds or bond anticipation notes in an aggregate principal amount up to $517,750. The ordinance includes determinations and covenants required for bonding and authorizes related actions by borough officials.
Council President Thomas moved and Councilman Singleton seconded to adopt the ordinance on second and final reading; the motion carried unanimously. No additional project-specific details or a funding schedule were provided in the meeting record.
