Borough of Beachwood Mayor & Council Meeting Agenda Packet May 2026
Water Bank Construction Note Authorized with NJ I-Bank
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Description
Beachwood authorized issuance and sale of a construction financing note of up to $3,284,000 to the New Jersey Infrastructure Bank under its Water Bank program. The resolution sets the form and details of the note and permits its execution and delivery by the borough.
Contract Details
Contract Amount
Up to $3,284,000 (principal amount of note)
Vendor
NEW JERSEY INFRASTRUCTURE BANK
Agency
Borough of Beachwood, NJ
Contract Type
FINANCIAL_SERVICES
Document Date
May 6, 2026
Renewal Info
This is a financing note authorization; specific maturity or renewal provisions are not detailed in the agenda text.
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