Livingston, N.J., preps $53.67 million sale of G.O. bonds on Thursday

By Sheri Kasprzak

New York, Jan. 9 - The Township of Livingston, N.J., is expected to price $53,668,000 of series 2012 general obligation bonds on Thursday, according to a preliminary official statement.

The bonds will be sold competitively.

The offering includes $46,935,000 of series 2012 general improvement bonds, $4,595,000 of series 2012 water utility bonds and $2,138,000 of series 2012 sewer utility bonds.

The general improvement bonds are due 2013 to 2042, and the water utility bonds are due 2013 to 2031. The sewer utility bonds are due 2013 to 2029.

Proceeds will be used to fund certain capital improvements for the township, including improvements to the water and sewer system, as well as to refund existing bond anticipation notes.

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