Borough of Lakehurst Agenda Packet 2026-05-21
Lakehurst Authorizes $2M NJ I-Bank Construction Financing Note
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Description
The Borough of Lakehurst authorized issuing a Construction Financing Program Note of up to $2,000,000 to the NJ Infrastructure Bank to finance acquisition of stormwater management equipment under Bond Ordinance 2025-02. This action secures low-cost financing for critical infrastructure improvements.
Contract Details
Contract Amount
Not to exceed $2,000,000
Vendor
NJ INFRASTRUCTURE BANK
Agency
Borough of Lakehurst, NJ
Contract Type
FINANCIAL_SERVICES
Document Date
May 21, 2026
Renewal Info
Resolution authorizes issuance and sale of a temporary construction financing note; long-term permanent financing or bond issuance may follow upon project completion per bond ordinance provisions.
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