The Bergen County Board of County Commissioners introduced Ordinance 25‑38 on first reading to guarantee the Bergen County Improvement Authority’s 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 was made and seconded. A roll‑call vote recorded six affirmative votes and the transcript states that Ordinance 25‑38 “was introduced and passes first reading.” The ordinance title as read described the county guarantee for the Improvement Authority’s pooled note program and an aggregate principal amount not to exceed $250,000,000.
What happened: the commission moved to introduce the ordinance and recorded a unanimous roll call in favor of first reading; the transcript does not contain subsequent committee referrals, bond counsel remarks or a published bond resolution in the recorded excerpt.
Implementation and next steps: introduction on first reading begins the ordinance process; the transcript does not include further details on the use of the pooled note proceeds, debt service plans, or required approvals for final issuance.