Bellmawr Council Authorizes Issuance of $9.1M Bond Anticipation Notes

Bellmawr Council approved the issuance of $9,116,075.00 Bond Anticipation Notes at their Special Meeting on August 16, 2018.

Borough Administrator Josh Tregear explained the Resolution: “It is for both old and new purchases and reconstruction projects. Bond Anticipation Notes are rolled over each year and after the third year, payments need to made towards the issuance. They must be paid by the tenth anniversary of the issuance.”

To view the Resolution in detail, click the image below: