PROJECTBUDGET PLANNING

Bond anticipation notes refunding

Township of Teaneck
Detected
Oct 27, 2026
3 days ago
Sector
Administration & Finance
Est. value
Free account
Detected 3 days agoOct 27

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From the meeting

At its October 27, 2026 meeting, the council authorized the sale and issuance of up to $39,850,000 in bond anticipation notes and up to $3,050,000 in special emergency notes. The notes refinance $31,848,400 of outstanding 2025 bond anticipation notes and $2,250,000 of outstanding special emergency notes, and also finance $8,001,600 of capital improvements and the $800,000 severance appropriation. The resolution says the notes may be sold competitively or negotiated, and that the CFO, mayor, administrator, attorney, and auditor would prepare the official statement and related sale documents.

The note sale was tied to the 2025 notes maturing on December 14, 2026.

Meeting date
October 27, 2026
Agency
Township of Teaneck

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