Morris Township Committee approves $23,005,000 bond anticipation note authorization
The Township Committee authorized Resolution 183-26 combining issues into a $23,005,000 bond anticipation note to provide interim funding for capital projects including the municipal pool and sewer utility carryover; officials cited timing ahead of a possible Fed interest-rate move and said bidders will be notified Sept. 2 for a Sept. 9 sale.
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The Morris Township Committee voted unanimously on Aug. 27 to approve Resolution 183-26, which provides for the combination of certain notes into a single bond anticipation note aggregating $23,005,000 in principal. The resolution authorizes the township to go to market for short-term financing ahead of longer-term debt issuance.
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