FINANCIAL_SERVICESAPPROVED

Willingboro Municipal Utilities Authority Regular Meeting Agenda September 2025

TD Bank named trustee for $3.5M bond issue

Willingboro Municipal Utilities AuthorityTD BANK NATIONAL ASSOCIATIONSeptember 17, 2025

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Description

The Willingboro Municipal Utilities Authority approved TD Bank, National Association to serve as trustee, paying agent, and registrar for up to $3.5 million in junior lien revenue bonds financing improvements to the Holyoke Lane Tank through the New Jersey Infrastructure Bank program. The bonds may have a term of up to 40 years.

Contract Details

Vendor

TD BANK NATIONAL ASSOCIATION

Agency

Willingboro Municipal Utilities Authority, NJ

Contract Type

FINANCIAL_SERVICES

Document Date

September 17, 2025

Contract Term

Maturity up to 40 years for junior lien bonds

Renewal Info

Trustee, paying agent, and registrar roles continue for the life of the junior lien bonds, up to a maximum 40-year term, unless replaced under bond resolution provisions.

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Issuing Agency

Willingboro Municipal Utilities Authority

Special District

Willingboro, NJ

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Vendor