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05-198
O - d . June 16, 2005
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RESOLUTION OFTHE BOROUGH OF CARTERET, IN THE COUNTY
OF MIDDLESEX, NEW JERSEY MAKING APPLICATION TO THE
LOCAL FINANCE BOARD PURSUANT TO N.J.S.A. 40A:2-7(d)
WHEREAS, the Borough of Carteret, in the County of Middlesex, New Jersey
(the "Borough") desires to make application to the Local Finance Board for its
approval of a proposed ordinance authorizing the acquisition of land and seeking a
waiver of a down payment pursuant to NJ.S.A. 40A:2-7 (d);
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 expanded 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 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 and financial advisor, 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 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/or
approvals as provided by the applicable New Jersey Statute.
Adopted this 16th day ofJune, 2005
and certified as a true copy of the
original on June l7'h, 2005.
KATHLEEN M. BARNEY, RMCICMC
Municipal Clerk
RECORD OF COUNCIL VOTE
COUNCILMAN YES NO NV A.B. COUNCILMAN YES NO NV A.B.
BELLINO X N X
DIAZ X X
KRUM ...J{ STTARZ X
X -lndicate Vole AB - Absent NY - Not VOIing XOR - Indicates Vote.::o Overrule Veto
Adopted at a meeting of the .Municipal CounciJ
June 16, 2005