North Bergen Municipal Utilities Authority Resolution 2026-06-10
$38M Sewer Revenue Bond Issuance Authorized via NJ Infrastructure Bank
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Description
North Bergen Municipal Utilities Authority authorized the issuance of up to $38 million in Subordinated Sewer Revenue Bonds through the New Jersey Infrastructure Bank for sewer system improvements, with a maturity not exceeding 30 years. The financing will support lease payments and project costs related to the 2026 Project.
Contract Details
Contract Amount
Not to exceed $38,000,000
Vendor
NEW JERSEY INFRASTRUCTURE BANK
Agency
North Bergen MUA, NJ
Contract Type
FINANCIAL_SERVICES
Document Date
June 10, 2026
Contract Term
Maturity not exceeding 30 years
Renewal Date
2056-06-10
Renewal Info
May include call/redemption provisions and refinancing options as outlined in future Financing Documents.
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