Teaneck Board of Education’s Refunding School Bonds Issuance

Wilentz, Goldman & Spitzer served as bond counsel to The Board of Education of the Township of Teaneck.

The Board of Education of the Township of Teaneck issued $3,595,000 Refunding School Bonds, Series 2021. 

As a result of this transaction, the Board will realize $273,075 in budgetary savings over the remaining life of the bonds. 

This transaction resulted in 7.744% net present value savings, far exceeding the 3% threshold established for local public entities in New Jersey.

The Wilentz team was led by Lisa Gorab (Picture) and Tony Solimine. 

Involved fees earner: Lisa Gorab – Wilentz, Goldman & Spitzer; Charles Solimine – Wilentz, Goldman & Spitzer;

Law Firms: Wilentz, Goldman & Spitzer;

Clients: Teaneck Board of Education ;

Sonia Carcano

Author: Sonia Carcano