NEWS
$8,135,000 of Bonds issued by the Borough of Tenafly
The Borough of Tenafly successfully issued $8,135,000 General Obligation Bonds, Series 2022 dated September 29, 2022. JP Morgan Securities LLC purchased the Bonds. Moody’s Investors Service, Inc. assigned the Bonds a credit rating of “Aaa” (stable outlook). The Bonds have a true interest cost of 2.670084% and finally mature on September 15, 2030. JP Capizzi served as Bond Counsel to the Borough in this financing.
$16,468,000 of Notes issued by the Township of Weehawken
The Township of Weehawken successfully issued $16,468,000 of Notes, consisting of a $15,852,000 Bond Anticipation Note, Series 2022 B-1A1 and a $616,000 Tax Appeal Refunding Note, Series 2022 B-1A2 dated August 5, 2022 to the Hudson County Improvement Authority. The Notes bear interest at the rate of 3.00% per annum (computed on the basis of a 360-day year) payable at maturity on August 4, 2023. JP Capizzi served as Bond Counsel to the Township in this financing.
$12,055,000 Note (Township Guaranteed) issued by the Parking Authority of the Township of Weehawken
The Parking Authority of the Township of Weehawken successfully issued a $12,055,000 Parking Project Note (Township Guaranteed) (Federally Taxable), Series 2022 dated August 5, 2022 to the Hudson County Improvement Authority. The Note bears interest at the rate of 3.875% per annum (computed on the basis of a 360-day year) payable at maturity on August 4, 2023. JP Capizzi served as Guarantor’s Bond Counsel to the Township in this financing.
$59,530 Note issued by the Township of Weehawken
The Township of Weehawken successfully issued a $59,530 Emergency Note dated June 29, 2022 to Amboy Bank. The Note bears interest at the rate of 2.78% per annum (computed on the basis of a 360-day year) payable at maturity on June 29, 2023. JP Capizzi served as Bond Counsel to the Township in this financing.
$16,592,449 of Bonds issued by the North Hudson Sewerage Authority
The North Hudson Sewerage Authority successfully issued $16,592,449 of Bonds, consisting of a $4,150,000 I-Bank Bond (Clean Water, Project 30) and a $12,442,449 Fund Bond (Clean Water, Project 30), dated June 23, 2022 to the New Jersey Infrastructure Bank and the State of New Jersey. JP Capizzi served as Bond Counsel to the Authority in this financing.
$1,277,574 of Bonds issued by the Borough of Buena Municipal Utilities Authority
The Borough of Buena Municipal Utilities Authority successfully issued $1,277,574 of Bonds, consisting of a $635,000 I-Bank Bond (Clean Water, Project 6) and a $642,574 Fund Bond (Clean Water, Project 6), dated June 23, 2022 to the New Jersey Infrastructure Bank and the State of New Jersey. JP Capizzi served as Bond Counsel to the Authority in this financing.
$1,608,000 Note issued by the Township of Weehawken
The Township of Weehawken successfully issued a $1,608,000 Bond Anticipation Note (Federally Taxable) dated June 21, 2022 to Amboy Bank. The Note bears interest at the rate of 2.56% per annum (computed on the basis of a 360-day year) payable at maturity on June 21, 2023. JP Capizzi served as Bond Counsel to the Township in this financing.