In one of the first transactions of its kind in the State of New Jersey, Parker McCay served as Bond Counsel to The Camden County Improvement Authority in connection with the issuance of lease revenue bonds to finance the costs of certain energy savings and conservation improvements and equipment installed and operated on the campus of the Camden County Technical Schools, a network of vocational training schools operated by the County of Camden. The unique nature of the bonds included the determination of the approximate dollar value of the savings generated by the installation and operation of the energy improvements and conservation measures in comparison to the debt service payable on the bonds issued to finance such improvements and measures, which, taken resulted in no additional cost to County taxpayers.
THE CAMDEN COUNTY IMPROVEMENT AUTHORITY
(Camden County, New Jersey)
COUNTY-GUARANTEED LEASE REVENUE BONDS
(CAMDEN COUNTY TECHNICAL SCHOOLS ENERGY SAVINGS
IMPROVEMENT PROGRAM, SERIES 2012