HomeMy Public PortalAboutr 15-009No. _15 -9
Date of Adoption JANUARY 4, 2015
RESOLUTION OF THE BOROUGH OF CARTERET, IN THE
COUNTY OF MIDDLESEX, NEW JERSEY DIAICING
APPLICATION TO THE LOCAL FINANCE BOARD
PURSUANT TO N.J.S.A. 58:1113-9, N.J.S.A. 40A:2- 11(c),
N.J.S.A. 40A:2 -7(d) AND N.J.S.A. 40A:2=
26(e),
WHEREAS, the Borough of Carteret, in the County of Middlesex, New Jersey (the
"Borough ") desires to make application to the Local Finance Board pursuant to N.J.S.A. 58:11B-
9, N.J.S.A. 40A:2- I1(c), N.J.S.A. 40A:2 -7(d) and N.J.S.A. 40A:2- 26(e), for its review and
approval of (i) a bond ordinance to provide for the funding for the Borough's sewer system
upgrades including acquisition and installation of all equipment and materials and all work
necessary therefore or incidental thereto (together the "Project "); (ii) financing the Project
through the New Jersey Environmental Infrastructure Trust Financing Program; (iii) a non-
conforming maturity schedules in connection with such proposed financing; and (iv) a waiver of
the requirement to make a down payment the Borough's ordinance; and
WHEREAS, the Borough believes that:
(a) it is in the public interest to accomplish such purpose;
(b) the purpose is for the health, the welfare, tbe. convenience or the betterment
of the inhabitants of the Borough;
(c) the amounts to be expended for the purpose 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 Borough and will not create an undue financial
burden to be placed upon the Borough;
NOW THEREFORE, BE IT RESOLVED BY THE BOROUGH COUNCIL
OF 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, 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 to file
of the proposed bond ordinance 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 approvals as provided
by the applicable New Jersey Statute.
Adopted this 4th day of January, 2015 and
certified as a true copy of the original on
January 5,, 2015.
KATHLEEN M. BARNEY, MC
Municipal Clerk
RECORD OF COUNCIL VO` E
COUNCILMAN
YES
NO
NV
A.B.
COUNCILMAN
YES
NO
NV
AM.
BELLING
X
KRUM
DIAZ
NAPI
DIMASCIO
SITARZ
X
X - Indicate Vote An - Absent NV - Not Voting XOR
- Indicates Vole to Overrule Veto
Adopted at a meeting orthe Municipal Council
JANUARY 4, 2015
CLERK
t
(part 1)
STATE OF NEW JERSEY
DEPARTMENT OF COMMUNITY AFFAIRS
DIVISION OF LOCAL GOVERNMENT SERVICES
LOCAL FINANCE BOARD
APPLICATION CERTIFICATION
22- 6001707
ID #
APPLICANT'S
NAME: Borough of Carteret, in the County of Middlesex, New Jersey
I, Daniel J. Reiman, Mayor of the Borough of Carteret, in the County of Middlesex,
New Jersey, DO HEREBY DECLARE:
That the documents submitted herewith and the statements contained herein are
true to the best of my knowledge and belief; and
That this application was considered and its submission to the Local Finance Board
approved by the governing body of the Borough on January 4, 2015 in conjunction with its
submission of an application to the New Jersey Environmental Infrastructure Trust Program.
Mayor
ATTEST:
Clerk
Date: January 4, 2015