During the October 25 City Council meeting, Sea Isle’s Chief Financial Officer Paula Doll updated Council on a recent $20 million bond sale. The bond sale was good financial news for Sea Isle City. Standard and Poor’s upheld the City’s “AA” Rating, which resulted in five active bidders. Ultimately the bonds were awarded to Bank ofAmerica Merrill Lynch, as they bid the lowest net interest rate of 2.732%.
All of the Resolutions on the October 25 Consent Agenda were approved, including:
- Resolution 208, which authorized the award of a contract for road repairs on 36th and 37 Streets (Landis Avenue to Cini Avenue).
- Resolution 211, which authorized the approval of a BINGO application for the Sea Isle City Italian-American Club.
- Resolution 212, which memorialized the settlement of a lawsuit titled “Sea Isle City Retirees v. Sea Isle City” in Cape May County Superior Court.
Also on October 25, City Council hosted a Capital Fund Workshop at 1:00 p.m. in Council Chambers that was open to the public.
City Council’s next meeting will take place on Tuesday, November 15 at 10:00 a.m. in Council Chambers.
Best regards from the members of City Council,
Council President Bill Kehner (
[email protected])
John Divney (
[email protected])
Frank Edwardi (
[email protected])
Jack Gibson (
[email protected])
Mary Tighe (
[email protected])
