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Resolution Determining the Form and Other Details of $27,400,000 General Obligation Bonds, Series 2026, Consisting of $26,600,000 General Improvement Bonds, Series 2026A, and $800,000 Redevelopment Area Bonds, series 2026B, of Princeton, in the County of Mercer, New Jersey, and Providing for their Sale
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BE IT RESOLVED BY THE COUNCIL OF PRINCETON, IN THE COUNTY OF MERCER, NEW JERSEY, AS FOLLOWS:
Section 1. The $26,600,000 General Improvement Bonds, Series 2026A, of Princeton, in the County of Mercer, New Jersey ("Princeton"), referred to and described in the resolution adopted by the Council of Princeton pursuant to the Local Bond Law of the State of New Jersey on October 12, 2026, and entitled, "Resolution Providing for the Combination of Certain Issues of General Improvement Bonds of Princeton, in the County of Mercer, New Jersey, into a Single Issue of Bonds Aggregating $26,600,000 in Principal Amount" shall be issued as "General Improvement Bonds, Series 2026A" (the "General Improvement Bonds").
The General Improvement Bonds shall mature in the principal amounts on December 1 as follows:
Year
Principal Amount
Year
Principal Amount
2027
$2,535,000
2034
$1,995,000
2028
1,950,000
2035
2,075,000
2029
1,640,000
2036
2,160,000
2030
1,705,000
2037
2,245,000
2031
1,775,000
2038
2,335,000
2032
1,840,000
2039
2,425,000
2033
1,920,000
Section 2. The $800,000 Redevelopment Area Bonds, Series 2026B, of Princeton referred to and fully described in the bond ordinance finally adopted by the Council of Princeton pursuant to the Local Bond Law of the State of New Jersey on August 22, 2022, and entitled, "Bond Ordinance Providing for Various Capital Improvements in and by the Municipality of Princeton, in the County of Mercer, New Jersey, Appropriating $3,500,000 Therefor, Authorizing the Issuance of $3,500,000 Bonds or Notes of the Municipality for Financing the Cost Thereof, Directin...
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