Tax Equity and Fiscal Responsibility Act (TEFRA) MEETING NOTICES
NOTICE OF PUBLIC HEARING (TEFRA) (Posted October 2, 2025 at 10:00 AM)
NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY NOTICE OF PUBLIC HEARING
NOTICE OF PUBLIC HEARING
WITH RESPECT TO THE ISSUANCE BY THE
New Jersey Economic Development Authority
OF REVENUE BONDS IN AN AMOUNT NOT TO EXCEED $6,000,000
NOTICE IS HEREBY GIVEN to all interested persons that a public hearing, as required by Section 147(f) of the Internal Revenue Code of 1986, as amended (the “Code”), will be held by the New Jersey Economic Development Authority (“Authority”) at its regular monthly meeting on Thursday, October 9, 2025, which commences at 10:00 a.m., at the offices of the Authority in the main boardroom on the First Floor at 36 W. State Street, Trenton, New Jersey 08608, with respect to the proposed issuance by the Authority of revenue bonds, in one or more series, in an aggregate principal amount not to exceed $6,000,000 (the “Bonds”). The Bonds will constitute “qualified 501(c)(3) bonds” within the meaning of Section 145(a) of the Code and will be issued pursuant to a plan of finance as described below.
The proceeds from the sale of the Bonds will be loaned to Second Street Youth Center, Inc., a New Jersey nonprofit corporation and organization described in 501(c)(3) of the Code (the “Borrower”). Proceeds of the Bonds will be used to (1) finance and refinance the acquisition by the Borrower of (a) approximately 25,000 square feet of land, (b) an existing building facility for continued use as an early childhood education center, and (c) other associated property and equipment, all located at 200 Plainfield Avenue, Plainfield, New Jersey 07060; (2) fund a debt service reserve fund, if any, with respect to the Bonds; and (3) fund certain costs of issuance with respect to the Bonds (collectively, the “Project”). All of the land, facilities, property and/or equipment to be financed or refinanced with the proceeds of the Bonds are or will be owned and/or operated by the Borrower.
The Bonds will be special limited obligations of the Authority payable solely from the loan repayments to be made by the Borrower to the Authority and certain funds and accounts established by bond documents relating to the Bonds. The Bonds will not be a debt or other obligation of the Authority or of any other governmental entity in the State of New Jersey.
The hearing will provide a reasonable opportunity to be heard for persons wishing to express their views on the merits of the Project, its location, the issuance of the Bonds or related matters. Interested persons who wish to provide information and make comments regarding the proposed issuance of the Bonds may appear in person or by attorney at the public hearing or participate in the public hearing by using the following call-in number:
Dial in: 1-888-790-3708
Conference ID: 7825427
Oral comments will be limited to 3 minutes per speaker. A person wishing to speak at the hearing will be asked to provide his or her name, address and the person(s) or entity(ies) he or she represents, if any, prior to speaking. This notice is given pursuant to the provisions of Section 147(f) of the Code. Written comments will be accepted by the Authority c/o Naimah Marshall, Assistant Director-Business Banking, at Naimah.Marshall@njeda.gov, but must be received by 5:00 p.m. on the business day prior to the hearing.
Dated: October 2, 2025
NOTICE OF PUBLIC HEARING (TEFRA) (Posted September 2, 2025 at 12:25 pm)
NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY NOTICE OF PUBLIC HEARING
On September 10, 2025, the New Jersey Economic Development Authority (the “Authority”) will hold a public hearing at its regular monthly meeting, which begins at 10:00 a.m., at the Authority’s Board Room located at 36 West State Street, Trenton, New Jersey 08625 and via teleconference at 1-888-790-3708 (Conference ID: 7825427) with respect to the below listed application for private activity bond financing in accordance with the public notice requirements of Section 147(f) of the Internal Revenue Code of 1986, as amended.
Application Number: | Product 321879 |
Project Applicant & Address: | The Atlantic City Sewerage Company. |
| 1200 Atlantic Avenue, Suite 300 |
| Atlantic City, New Jersey 08401 |
Operator of Project & Address: | Same as above |
Project Locations: | Various locations throughout the City of |
| Atlantic City, in the County of Atlantic, New Jersey |
Maximum Amount of Bonds Requested: | Not exceeding $9,000,000 |
Description of Projects: | Financing is sought to finance the reconstruction, rehabilitation, replacement, upgrade and expansion of various sections and components of the Applicant’s sanitary sewerage system. |
At the public hearing, any and all persons calling in will be afforded an opportunity to comment on the proposed issuance of bonds and the location and nature of the Project to be financed thereby. Interested persons are also invited to submit written comments, speak at the public hearing, or both. Comments provided in writing must be provided no later than 5:00 p.m. on the day before the hearing the Authority’s meeting at the Authority’s address: 36 West State Street, Trenton, New Jersey 08625.
PRIVATE ACTIVITY BOND FINANCINGS OF THE NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY ARE NOT OBLIGATIONS OF THE STATE OF NEW JERSEY, NOR ANY COUNTY OR MUNICIPALITY THEREOF.
Funding for such financings is secured privately through conventional lending sources.
This notice is published in accordance with the public notice requirements of Section 147(f) of the Internal Revenue Code of 1986, as amended.
NOTICE OF PUBLIC HEARING (TEFRA) (June 3, 2025)
The New Jersey Economic Development Authority (the “Authority”) will hold a public hearing at its regular monthly meeting on June 11, 2025 at 10:00 a.m. at the Authority’s Board Room located at 36 West State Street, Trenton, New Jersey 08608 and via teleconference at 1-888-790-3708 (Conference ID: 7825427). The public hearing will be held for the purpose of providing a reasonable opportunity for interested persons to express their views, both orally and in writing, with respect to the proposed issuance by the Authority of its qualified 501(c)(3) bonds, as defined in section 145 of the Internal Revenue Code of 1986, as amended (the “Code”) in one or more series (the “Bonds”) pursuant to a plan of financing for the following project:
Owner, Operator or
Manager of Project: The Project will be owned by Advanced Schools, Inc., a qualified 501(c)(3) organization, and leased to, and occupied by, Central Jersey College Prep Charter School a NJ Nonprofit Corporation (the “School”)
Project Addresses: The land and facilities comprising the Project are located at 101 Mettlers Road (aka Mettlers Lane or Mettlers La in Somerset, NJ), Township of Franklin, New Jersey 08873 in Somerset County
Project Blocks and Lots: Block 511, Lot 1.02
Maximum Aggregate
Face Amount of
Bonds Requested: $32,500,000
Description of Project: (a) the acquisition of the existing charter school including all property, building and land for lease to, and occupancy by, the School; (b) the funding of a deposit to a debt service reserve fund; and (c) payment of certain costs of issuance of the Bonds (collectively, the “Project”)
At the hearing, members of the public may appear in person or by attorney or by calling in on the Authority’s telephone conference line at 1-888-790-3708, Conference ID: 7825427 to provide information and make statements concerning the foregoing application. Written comments must be submitted to the Authority no later than 5:00 p.m. on the day before the public hearing. ECONOMIC DEVELOPMENT FINANCINGS OF THE NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY WILL BE SPECIAL, LIMITED OBLIGATIONS OF THE AUTHORITY PAYABLE SOLELY FROM THE LOAN OR LEASE PAYMENTS MADE BY THE BORROWER TO THE AUTHORITY AND CERTAIN FUNDS AND ACCOUNTS ESTABLISHED UNDER THE INDENTURE FOR THE BONDS AND ARE NOT OBLIGATIONS OF THE STATE OF NEW JERSEY, NOR OF ANY COUNTY OR MUNICIPALITY THEREOF.
This notice is published in accordance with the public notice requirements of Section 147(f) of the Internal Revenue Code of 1986, as amended.
NOTICE OF PUBLIC HEARING (TEFRA) (February 24, 2025)
**Below is a copy of the official TEFRA notice that was published in the Trenton Times and South Jersey Times on February 17, 2025**
The New Jersey Economic Development Authority (the “Authority”) has rescheduled its February 12, 2025 public hearing due to inclement weather. The rescheduled public hearing will be held on February 24, 2025 at 10:00 a.m. via teleconference at 1-888-790-3708 (Conference ID: 7825427). The public hearing will be held for the purpose of providing a reasonable opportunity for interested persons to express their views with respect to a proposed issuance by the Authority of one or more series of its bonds, from time to time, as part of a plan of financing with respect to the following application for economic development bond financing for the facilities described below:
Owner, Operator or Manager of Project:
The Authority will be the leaseholder of the Series 2025 Facilities (hereinafter defined) under a long-term lease from DRP Urban Renewal 4, LLC (the “Borrower”). The Authority will sublease the Series 2025 Facilities back to the Borrower, which will place responsibility on the Borrower, to be delegated to Delaware River Partners LLC (“DRP”), to construct, operate, maintain and manage the Series 2025 Facilities. The Borrower is a wholly-owned subsidiary of DRP.
Description of Project:
The bonds will be issued to: (i) finance the costs of a project consisting of the expansion, renovation, construction and/or equipping of certain dock and dock-related facilities at the Repauno Port & Rail Terminal (the “Repauno Terminal”), including (a) two new loading arms and related facilities at the existing Terminal dock; (b) a functionally related new above-ground cryogenic tank for storing bulk liquid products at very low temperatures, together with associated product chilling facilities; (c) new piping and related facilities connecting the cryogenic tank facilities to the new liquids dock facilities, and connecting the new system with the existing terminal facilities; and (d) facilities ancillary to the foregoing (collectively, the “Series 2025 Facilities”); (ii) pay certain costs incurred in connection with the issuance of the bonds; (iii) fund a deposit to a debt service reserve fund securing the payment of principal and interest on the bonds; (iv) fund a deposit into an interest reserve fund to pay interest during the construction of the Series 2025 Facilities; and (v) fund one or more deposits to other required reserve funds, if necessary (collectively, the “Project”).
Location of Series 2025 Facilities:
All of the equipment, machinery and other structures that are part of the Series 2025 Facilities will be located at the Repauno Terminal. The Repauno Terminal is a port and rail storage and transloading terminal operated by DRP. The Repauno Terminal has been developed by DRP and its affiliates on a disused brownfield site within an approximately 1,630-acre property in Gibbstown, New Jersey, the former location of DuPont’s chemical manufacturing facility. The Repauno Terminal is in the Township of Greenwich, County of Gloucester, New Jersey. The mailing address for the Repauno Terminal is 200 N. Repauno Avenue, Gibbstown, New Jersey 08027. The Gloucester County block/lots within which the Project will be located are as follows: Block 8, Lot 2, Lot 3, Lot 4 and/or 4.02. Within Lots 2, 3, 4 and/or 4.02, the Series 2025 Facilities will be located in an approximately 18.7-acre area adjacent to the Delaware River, about a mile from the nearest Gibbstown residences. This brownfield waterfront area is also the location of the existing Repauno Terminal dock and other existing Repauno Terminal facilities.
Maximum Aggregate Face Amount of Bonds Requested: $350,000,000
At the hearing, members of the public may call in on the Authority’s telephone conference line at 1-888-790-3708, Conference ID: 7825427 to provide information and make statements concerning the foregoing application.
ECONOMIC DEVELOPMENT FINANCINGS OF THE NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY WILL BE SPECIAL, LIMITED OBLIGATIONS OF THE AUTHORITY PAYABLE SOLELY FROM THE LOAN OR LEASE PAYMENTS MADE BY THE BORROWER TO THE AUTHORITY AND CERTAIN FUNDS AND ACCOUNTS ESTABLISHED UNDER THE INDENTURE FOR THE BONDS AND ARE NOT OBLIGATIONS OF THE STATE OF NEW JERSEY, NOR OF ANY COUNTY OR MUNICIPALITY THEREOF.
This notice is published in accordance with the public notice requirements of Section 147(f) of the Internal Revenue Code of 1986, as amended.
NOTICE OF NJEDA BOARD MEETING (February 24, 2025, 10:00 AM) (Posted on February 14, 2025)
A Special Meeting of the New Jersey Economic Development Authority is scheduled for 10:00 am, Monday, February 24, 2025. The Members will convene in person, via conference call, and via Microsoft Teams at NJEDA Offices, 36 West State Street, Trenton, NJ.
Members of the public may participate in the meeting attending in person, by calling in on the conference line, or joining via Microsoft Teams link. Members of the public will have an opportunity to speak during the public comment segment of the meeting. The following conference number and Microsoft Teams link are being provided:
MEETING NAME: NJEDA BOARD MEETING (FEBRUARY 24, 2025)
PARTICIPANT DIAL-IN NUMBER: 1-888-790-3708
PARTICIPANT ACCESS CODE: 7825427
MICROSOFT TEAMS MEETING ACCESS LINK: https://ezy.ovh/RqQau
FOR TEFRA NOTICE: Notice of Public Hearing (TEFRA) – NJEDA
Members of the public are encouraged to join the meeting early to avoid any delays. The meeting agenda and access information (conference call and Microsoft Teams link) can also be found 48 hours prior to the meeting on our website: www.njeda.gov. Thank you.
