$16,146,000 Note issued by the Township of Morris

09/25/24: The Township of Morris successfully issued a $16,146,000 Bond Anticipation Note, Series 2024
dated September 25, 2024 to Oppenheimer & Co., Inc.  Moody’s Investors Service, Inc. assigned a credit
rating of “MIG 1” to the Note. The Note bears interest at the rate of 4.00% per annum (computed on the
basis of a 360-day year) payable at maturity on September 25, 2025; and has a net interest cost of
2.8850%. JP Capizzi served as Bond Counsel to the Township in this financing.