HomeMy Public PortalAboutr 11-146P00111flo t of 14E j6oroug4 of Tarteret, �ql �,
No 11 -146 _ Date of Adoption J uly 21, 2011
RESOLUTION OF THE BOROUGH -OF CARTERET, IN THE COUNTY OF MIDDLESEX, NEW
JERSEY MAKING APPLICATION TO THE LOCAL FINANCE BOARD PURSUANT TO N.J.S.A.
40A:2 -26(e)
WHEREAS, the Borough of Carteret, in the County of Middlesex, New Jersey desires to make
application to the Local Finance Board pursuant to N.J.S.A. 40A:2 -26(e) for its review and approval of
in connection with a Green Acres Loan in the amount of $375,000; and
WHEREAS, the Borough believes that:
(a) it is in the public interest to accomplish such purpose;
(b) said purpose or improvements are for the health, welfare, convenience or
betterment of the inhabitants of the local unit or units;
(c) the amounts to be expended for said purpose or improvements are not
unreasonable or exorbitant;
(d) the proposal is an efficient and feasible means of providing services for the
needs of the inhabitants of the local unit or units and will not create an undue financial burden
to be placed upon the local unit or units;
NOW THEREFORE, BE IT RESOLVED BY THE BOROUGH OF CARTERET, IN THE
COUNTY OF MIDDLESEX, NEW JERSEY as follows:
Section 1. The application to the Local Finance Board is hereby approved, and the
Borough's Bond Counsel and Auditor, along with other representatives of the Borough, are hereby
authorized to prepare such application and to represent the Borough in matters pertaining thereto.
Section 2. The Clerk of the Borough is hereby directed to prepare and file a copy of the
proposed resolution with the Local Finance Board as part of such application.
Section 3. The Local Finance Board is hereby respectfully requested to consider such
application and to record its findings, recommendations and /or approvals as provided by the
applicable New Jersey Statute.
Adopted this 21 day of July, 2011 alai
certified as a tr copy of the o riginal
on July 22, 2011.
Kt1MM M. MMi M'C
M mi cipl Clerk
RECORD OF COUNCIL VOTE
COUNCILMAN
YES
NO
NN
A.B.
COUNCILMAN
YES
NO
NN
A.B.
BEEL fI
X
10 1
X
DIAZ
X
ROES
X
DI Mk9JO
X
5TTAR7
X
X - Indicate Vote AB - Absent NV - Not Voting
XOR - Indicates Vote to Overrule Veto
Adopted at a meeting of the Municipal Council
July 21, 2011
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