HomeMy Public PortalAboutr 03:057No. 03-57 Date of Adoption February 6 2003
RESOLUTION TO PARTICIPATE IN THE MCIA CAPITAL EQUIPMENT
LEASE PURCHASE PROGRAM
WHEREAS, the Middlesex County Improvement authority (MCIA) is authorized
to issue bonds pursuant to the provisions of the County Improvement Authorities Law,
chapter 183 of the Laws of New Jersey of 1960, as amended and supplemented (N.IS.A.
40:37A-44 et seq.) (the "County Improvement Authorities Law"), and other applicable
)revisions of law; and
WHEREAS, the Borough of Caneret desires to participate in the MCIA capital
~'quipment lease purchase program in order to finance the acquisition of equipment in
accordance with its annual budget and capital program; and
WHEREAS, in order to participate in the 2003 capital equipment lease purchase
program, the Borough of Carteret must submit a preliminary list to the MCIA for
consideration; and
WHEREAS, upon acceptance of the 2003 equipment list by the MCIA, an
ordinance approving and authorizing the emering into, execution and delivery of a lease
and agreement with the MCIA will be submitted to Council for consideration; and
WHEREAS, the Borough has identified the following items to fund in 2003:
Ouantity Item Amount
2 Mason Dump Trucks $ 70,000
1 Elgin SWeet Sweeper 125,000
1 Salt Shed 50,000
1 Box Compactor 15,000
Totals $260,000
NOW, THEREFORE, BE IT RESOLVED by the Council of the Borough of
Caneret~ Middlesex County, New Jersey that the appropriate Borough officials are
hereby authorized to submit the items above to the Middlesex County Improvement
Authority for consideration and inclusion in the 2003 capital equipment lease purchase
program.
Adopted this 6th day of February, 2003
and certified as a true copy of the
original on Feb~mry 7, 2003.
KA~F~N M. BAR~;Y, RMC/(~C
Municipal Clerk
RECORD OF COUNCIL VOTE
COUNCILMAN YES NO NV A.B. COUNCILMAN YES NO NV A.B.
KRUM X RIOS X
~6_P~_E_S X SITARZ X
PAR I S I X SOSNOWS KI X
X - Indicate Vote AB · Absent NV - Not Voting XOR - Indicates Vote to Overrule Veto
Adopted at a meeting of the Municipal Council
February 6, 2003