Burlco landfill, Scotch Plains/Fanwood merger study win Finance Board approvals

TRENTON – New Jersey’s Local Finance Board approved a series of bond requests by the Burlington County Bridge Commission today, including the agency’s $32.5 million request for project notes to help finance the ongoing construction of a new landfill.

The approved request will provide temporary funding for the commission’s landfill project, which includes the design, excavation and construction of the next phase of a new landfill cell and other improvements to the Burlington County Resource Recovery Complex.

The additional money will fund the project through its completion, officials said.

The board also approved the commission’s request for the refunding of $55 million worth of loans to be allocated to the city of Bordentown, as well asChesterfield, Edgewater Park, Evesham, Florence and Willingboro.

The proposal also included the request for $2.6 million in new loans for Southampton Township and the Wrightstown Municipal Utilities Authority from the U.S. Department of Agriculture.

The Burlington County Bridge Commission also received approval for its $55 million bond request to finance capital improvements to the Burlington-Bristol, Tacony-Palmyra and Riverside-Delanco bridges. The proceeds will also be used to fund a debt service reserve fund.

Camden County Improvement Authority

The board also approved more than $7.8 million  in financing project loans to Camden under the County Guaranteed Open Space Trust Fund Revenue Bonds.

The money will be used for park improvements at Camden’s Pine Point and Cooper River parks.

The authority also received approval on its $8,250,000 bond request for redevelopment projects in Clementon Borough.

Maurice River Township fire district

The Maurice River Township Fire District No. 1 received approval for a U.S. Department of Agriculture $475,000 loan for funding renovations to the district’s fire station.

Consolidation study

The board also signed off on the proposed creation of a Municipal Consolidation Study Commission for Scotch Plains and Fanwood, which is being spearheaded by a nonprofit organization dubbed Courage to Connect New Jersey.

The group is a statewide organization that advocates consolidating New Jersey services.

“This is a controversial application in our community,” said Fanwood Mayor Colleen Mahr, who objected to the application, citing the city’s legal concerns.

Mahr, who was accompanied by an attorney representing Fanwood, argued Courage to Connect New Jersey doesn’t represent the entire community and that the organization doesn’t have appropriate oversight.

“I understand people’s opposition to it,” Local Finance Board Chairman Tom Neff said, “But it’s a study commission, … all it is, is a study at this point.”

Earlier story:

Finance Board OKs $108M in Atlantic City tax refunds

 

Burlco landfill, Scotch Plains/Fanwood merger study win Finance Board approvals