The Bergen County Board of Commissioners introduced Ordinance 25-38, a guarantee ordinance described as securing the Bergen County Improvement Authority's county-guaranteed pooled note program, series 2025b, in an aggregate principal amount not to exceed $250,000,000.

The clerk read the ordinance title, and a motion to introduce the ordinance as read was moved and seconded. On roll call, six commissioners voted yes and the ordinance "was introduced and passes first reading," according to the transcript.

Nut graf: The ordinance, described as a county guarantee for the Improvement Authority’s pooled note program up to $250 million, completed introduction and first reading; further procedural steps (second reading/adoption and detailed financing terms) would be required before funds are issued.

Details: The transcript provides the ordinance’s title and the $250,000,000 aggregate principal cap; detailed financing terms, purpose of proceeds, security structure, or amortization schedule are not recorded in the meeting excerpt.

Ending: The ordinance was introduced and passed first reading by roll call (six yes votes); the transcript does not record the ordinance’s final adoption or any additional fiscal analyses during this meeting.