 |
NOTICE OF PENDING BOND ORDINANCE
AND SUMMARY
The bond ordinance, the summary terms of which are
included herein, was introduced and passed upon first reading at
a meeting of the governing body of the Township of Wantage, in the
County of Sussex, State of New Jersey, on February 12, 2004. It
will be further considered for final passage, after public hearing
thereon, at a meeting of the governing body to be held at the Wantage
Township Municipal building, 888 Route 23 in the Township on February
26, 2004 at 8:00 p.m. During the week prior to and up to and including
the date of such meeting, copies of the full ordinance will be available
at no cost and during regular business hours at the Administrator
Clerk's office for the members of the general public who shall request
the same. The summary of the terms of such bond ordinance follows:
Title: "Bond Ordinance Providing for Various
Capital Improvements of the Township of Wantage, in the County
of Sussex, New Jersey, Appropriating the Aggregate Amount of $1,207,500
Therefor and Authorizing the Issuance of $1,147,125 Bonds or Notes
of the Township to Finance Part of the Cost Thereof."
Purpose(s):
| Purpose |
Appropriation
and Estimated Cost |
Estimated
Maximum Amount
of Bonds or Notes |
Period
of
Usefulness |
| a) Acquisition of various vehicles, including
an ambulance, a street sweeper and a dump truck, including all
related costs and expenditures incidental thereto. |
$494,500 |
$469,775 |
5 years |
| b) Acquisition of a fire vehicle, including
all related costs and expenditures incidental thereto. |
$253,000 |
$240,350 |
10 years |
| c) Improvements to Pigeon Hill Road, including
all work and materials necessary therefor and incidental thereto. |
$172,500 |
$163,875 |
10 years |
| d) Improvements to the Municipal Building, including
all work and materials necessary therefor and incidental thereto. |
$287.500 |
$273.125 |
15 years |
| TOTALS |
$1,207,500 |
$1,147,125 |
|
|
