HomeMy Public PortalAboutr 14-232Pz0f z#toxt of toe Porough of aurferet, �C 0-
No. 14 -232 Date of AdootionNbvgler 13, 2014
RESOLUTION OF THE BOROUGH OF CARTERET, IN THE
COUNTY OF MIDDLESEX, NEW JERSEY AUTHORIZING
A REVIEW OF COMPLIANCE WITH PRIOR ANNUAL
CONTINUING DISCLOSURE OBLIGATIONS AND
PARTICIPATION IN THE SECURITIES AND EXCHANGE
COADWSSION'S MUNICIPALITIES CONTINUING
DISCLOSURE COOPERATION INITIATIVE
WHEREAS, the Securities and Exchange Commission ( "SEC ") has implemented the
Municipalities Continuing Disclosure Cooperation Initiative (the "SEC Initiative"), a
limited -time program for municipalities nationwide ending at 5:00 p.m. on December 1,
2014, for issuers of municipal bonds to self -report certain issues regarding statements
made in the past five (5) years in an official statement regarding compliance with prior
continuing disclosure obligations in connection with the issuance of bonds.
NOW, THEREFORE, BE IT RESOLVED by the Mayor and Council of the Borough
of Carteret, County of Middlesex, New Jersey, as follows:
Section 1. The Borough hereby authorizes and directs the Chief Financial
Officer to prepare and submit all documentation necessary to enter the
- Borough's applicable bond issues into the SEC Initiative.
Section 2. Any action taken by the Chief Financial Officer, or any other
Borough , officer, with respect to review of prior Borough bond issues
and participation in the SEC Initiative is hereby ratified and confirmed.
Section 3. This resolution shall take effect immediately
- Adopted this 13' day of November, 2014
and certified as a true copy of the
original on November 14, 2014.
Kathleen M. Barney, MMC
Municipal Clerk
RECORD OF COUNCIL VOTE.
COUNCILMAN
YES
NO
NV
A.B.
COUNCILMAN
YES
NO
NV
A.B.
BELLING
X
R Pf
X
DIAZ
X
NAPLES
DI MASCIO
X
SITARZ
X
X - Indicate Vole AS Absent NV - Not Voting XOR - Indicates Vote to Overrule Veto
Adopted at a meeting of the Municipal Council
Nmurb2r 13, 2014
LLCHN