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6/17/2015 - NOTICE OF EMERGENT MEETING

NOTICE OF EMERGENT MEETING

 

 

            TAKE NOTICE that on June 17, 2015, at 4 p.m. the Board of Chosen Freeholders of the County of Cumberland shall hold an emergent public meeting pursuant to N.J.S.A. 10:4-9 with respect to discussion and acting upon matters of urgency and importance relating to the following:

 

  1. Resolution 2015-271, A Resolution of the Board of Chosen Freeholders of the County of Cumberland, State of New Jersey, consenting to a project and financing by the Cumberland County Improvement Authority in connection with the issuance of not exceed $17,000,000 County guaranteed solid waste system revenue refunding bonds, series 2015A pursuant to N.J.S.A. 40:37A-56; and
  2. Resolution 2015-274, A Resolution determining the form and other details of $3,200,000 general obligation bonds (County College Bond Series) of the County of Cumberland, New Jersey, and providing for their sale.

 

            The aforesaid meeting is being noticed on an emergent basis in according with N.J.S.A. 10:4-9 in that the notice of the regularly scheduled meeting of the Board of Chosen Freeholders of the County of Cumberland held at 6 p.m. on June 16, 2015, may have been inadequately noticed as to location. 

 

            The aforesaid emergent meeting is necessary to avoid substantial harm to the public interests with respect to the issuance of the aforesaid bond guarantee and setting the form and other details of the $3,200,000 obligation bond, County College Bonds Series.  The failure to ratify the aforesaid resolutions would jeopardize State funding with respect to the County College Bond Series and would otherwise adversely impact the ability of the Cumberland County Improvement Authority to meet its contractual obligations with respect to revenue refunding bonds and would result in inability to meet closing and bid obligations scheduled for June 18, 2015, such that substantial adverse impact to the public interest may occur.  In order to eliminate such adverse impact to the public interest and in order to minimize harm to the public interest, the aforesaid two resolutions will be considered at the aforesaid time at the County Administration Building, 164 W. Broad Street, Bridgeton, New Jersey, to reconsider and act upon the foregoing resolutions.

 

            All other business and actions taken at the June 16, 2015, meeting will be rescheduled and will be on the agenda for discussion and a decision at the Board’s regularly scheduled public meeting to be held on June 23, 2015, at 6 p.m. at the County Administration Building at 164 W. Broad Street, Bridgeton, New Jersey.