| Phillipsburg closer to issuing $2.5 million in Ingersoll-Rand Bonds |
Phillipsburg Town Council approved a resolution Tuesday night authorizing the town’s bond counsel to submit an application for the issuance of redevelopment bonds to help revitalize the dormant Ingersoll-Rand property.
Specifically, the town will act as the issuing entity for up to $2.5 million in bonds to “finance the construction and installation of certain improvements within the Phillipsburg Commerce Park redevelopment plan” on behalf of developer Bridge Development Partners, LLC.
The resolution does not expose the town financially, according to statements made Tuesday night by town attorney Richard Weiner.
| Read More at WFMZ.com |
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