BOARD OF COUNTY COMMISSIONERS OF THE COUNTY OF HUDSON
PUBLIC NOTICE
NOTICE OF PENDING GUARANTY ORDINANCE AND SUMMARY
The guaranty ordinance, the summary terms of which are included herein, was introduced and adopted upon first reading at a meeting of the Board of County Commissioners of the County of Hudson, State of New Jersey, held on June 11, 2026, and will be further considered for final passage, after public hearing thereon, at a meeting of said Board of County Commissioners to be held at the Hudson County Administration Annex, Freeholder’s Chamber, 567 Pavonia Avenue, Jersey City, First Floor, New Jersey 07306, in said County, on July 16, 2026 at 1:00 p.m. During the week prior to and up to and including the date of such meeting, copies of the full guaranty ordinance will be available at no cost and during regular business hours at the Office of the Clerk of the Board of County Commissioners for the members of the general public who shall request the same. The summary of the terms of such guaranty ordinance follows:
Title: AN ORDINANCE OF THE COUNTY OF HUDSON, STATE OF NEW JERSEY AUTHORIZING THE GUARANTY OF THE PAYMENT OF THE PRINCIPAL OF AND INTEREST ON NOT EXCEEDING $6,000,000 AGGREGATE PRINCIPAL AMOUNT OF COUNTY-GUARANTEED BONDS ISSUED BY THE HUDSON COUNTY IMPROVEMENT AUTHORITY FOR THE PURPOSE OF PROVIDING ADDITIONAL SECURITY THEREFOR, CONSENTING TO SUCH FINANCING AND DETERMINING CERTAIN OTHER MATTERS IN CONNECTION THEREWITH
Purpose(s): To guaranty the payment of the principal of and interest due on not to exceed $6,000,000 aggregate principal amount of County of Hudson Guaranteed Bonds, Series 2026 (the “Bonds”) issued by the Hudson County Improvement Authority, which Bonds are to be issued to finance (a) the acquisition of real property for the Town of Guttenberg (the “Town”), located within the County, for the acquisition of property for Town purposes and the acquisition of vehicles for use by the Town, and all related costs incidental hereto and (b) certain costs of issuance relating to the Bonds (collectively, the “Project”)
Appropriation: None (in the event there are insufficient debt service payments on the principal of and interest on the Bonds, the County of Hudson will appropriate moneys, pursuant to the guaranty, sufficient to pay such deficiency)
Bonds/Notes Authorized: None (in the event there are insufficient debt service payments on the principal of and interest on the Bonds, the County of Hudson will appropriate moneys, pursuant to the guaranty, sufficient to pay such deficiency)
Grants (if any) Appropriated: None
Section 20 Costs: None
Useful Life: None (the guaranty will remain in effect so long as any Bonds remain unpaid)
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CAROL JEAN DOYLE,
Clerk of the Board of County Commissioners