NEWS
$18,354,560 Note issued by the North Hudson Sewerage Authority
08/15/23: The North Hudson Sewerage Authority successfully issued a $18,354,560 I-Bank Construction Financing Program - Project Note (Clean Water, Project 40) dated August 15, 2023 to the New Jersey Infrastructure Bank. JP Capizzi served as Bond Counsel to the Authority in this financing.
$15,446,000 of Notes issued by the Township of Weehawken
07/25/23: The Township of Weehawken successfully issued $15,446,000 of Notes, consisting of a $15,142,000 Bond Anticipation Note, Series 2023 B-1A1 and a $304,000 Tax Appeal Refunding Note, Series 2023 B-1A2 dated July 25, 2023 to the Hudson County Improvement Authority. The Notes bear interest at the rate of 5.00% per annum (computed on the basis of a 360-day year) payable at maturity on July 25, 2024. JP Capizzi served as Bond Counsel to the Township in this financing.
$11,660,000 Note (Township Guaranteed) issued by the Parking Authority of the Township of Weehawken
07/25/23: The Parking Authority of the Township of Weehawken successfully issued a $11,660,000 Parking Project Note (Township Guaranteed) (Federally Taxable), Series 2023 dated July 25, 2023 to the Hudson County Improvement Authority. The Note bears interest at the rate of 6.25% per annum (computed on the basis of a 360-day year) payable at maturity on July 24, 2024. JP Capizzi served as Guarantor’s Bond Counsel to the Township in this financing.
$18,759,000 of Bonds issued by the Weehawken Board of Education
07/18/23: The Board of Education of the Township of Weehawken, in the County of Hudson successfully issued $18,759,000 School Bonds, Series 2023 dated July 18, 2023. Robert W. Baird & Co. purchased the Bonds. S&P Global Ratings assigned the Bonds an insured credit rating of “AA” (stable outlook) based upon a municipal bond insurance policy issued by Assured Guaranty Municipal Corp.; and an underlying credit rating of “A+” (positive outlook). The Bonds have a net interest cost of 3.7606% and finally mature on July 15, 2043. JP Capizzi served as Bond Counsel to the School District in this financing.
$8,561,000 of Notes issued by the Township of Weehawken
07/05/23: The Township of Weehawken successfully issued $8,561,000 of Notes, consisting of a $5,504,000 Tax Appeal Refunding Note and a $3,057,000 Bond Anticipation Note (Federally Taxable) dated July 5, 2023 to Amboy Bank. The Notes bear interest at the rate of 4.50% per annum (computed on the basis of a 360-day year) payable at maturity on July 5, 2024. JP Capizzi served as Bond Counsel to the Township in this financing.
$640,600 Note issued by the Borough of Atlantic Highlands
06/28/23: The Borough of Atlantic Highlands successfully issued a $640,600 Bond Anticipation Note dated June 28, 2023 to Amboy Bank. The Note bears interest at the rate of 4.45% per annum (computed on the basis of a 360-day year) payable at maturity on June 28, 2024. JP Capizzi served as Bond Counsel to the Borough in this financing.
$1,407,000 Note issued by the Township of Weehawken
06/20/23: The Township of Weehawken successfully issued a $1,407,000 Bond Anticipation Note (Federally Taxable) dated June 20, 2023 to Amboy Bank. The Note bears interest at the rate of 4.40% per annum (computed on the basis of a 360-day year) payable at maturity on June 20, 2024. JP Capizzi served as Bond Counsel to the Township in this financing.