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Home My Public Portal AboutOrd. 06-36 No 06-36 ®rûhm11t!' af ±4!' Zßarau£4 af Q1nrt!'r!'i, ;N. JJ. Councilman- Presents the following Ordinance Seconded by Councilman AN ORDINANCE OF THE BOROUGH OF CARTERET, IN THE COUNTY OF MIDDLESEX, STATE OF NEW JERSEY, APPROVING AND AUTHORIZING THE ENTERING INTO, EXECUTION AND DELIVERY OF A LEASE AND AGREEMENT WITH THE MIDDLESEX COUNTY IMPROVEMENT AUTHORITY RELATING TO THE ISSUANCE OF COUNTY-GUARANTEED CAPITAL EQUIPMENT LEASE REVENUE BONDS, SERIES 2006 OF THE MIDDLESEX COUNTY IMPROVEMENT AUTHORITY WHEREAS, the Middlesex County Improvement Authority (the "Authority") is authorized to issue its 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 (NJ.S.A. 40:37A-44 ~ ~ (the "County Improvement Authorities Law"), and other applicable provisions of law; and \VHEREAS, the Authority has detem1ined to issue its revenue bonds for the purpose of financing the acquisition of capital equipment for the purposes of leasing the same to variölls municipalities located in the County of Middlesex in the State of New Jersey (the "2006 Program"); and WHEREAS, the Borough of Carteret, in the County of Middlesex, in the State of New Jersey (the "Municipality") has determined to participate in the 2006 Program and to lease certain capital equipment from the Authority; and WHEREAS, there has been prepared and submitted to the Municipality the form of the Lease and Agreement (the "Lease"), to be entered into by and between the Authority and the Municipality, which Lease has been approved by the County of Middlesex, State of New Jersey (the "County") and which is attached hereto as Exhibit A. providing for the acquisition and leasing of certain Items of Equipment from the Authority, which Equipment is described in Exhibit B attached hereto and incorporated by reference herein. All terms used herein and not otherwise defined shal1 have the same meanings ascribed to such terms under the Lease. NOW THEREFORE, BE IT ORDAINED AND ENACTED BY THE GOVERNING BODY OF THE BOROUGH OF CARTERET, IN THE COUNTY OF MIDDLESEX, STATE OF NEW JERSEY (not less than two- thirds of all members thereof affirmatively concurring) AS FOLLO\VS: NO. 06-36 PAGE2 of 4 Section 1. Pursuant to section 78 of the County Improvement Authorities Law, NJ.S.A. 40:48-1 et sea.. the Municipality is hereby authorized and directed to entcr into and perfonn the Lease, which Lease provides for the leasing of certain Items of Equipment acquired with the proceeds of County-Guaranteed Capital Equipment Lease Revenue Bonds, Series 2006 ( the "Bonds") to be issued by the Authority under a resolution of the Authority to be adopted by the Authority entitled, "Resolution of the Middlesex County Improvement Authority Authorizing the Issuance of County-Guaranteed Capital Equipment Lease Revenue Bonds" (the "General Bond Resolution"). The Lease, in substantially the form submÌtted herewith in Exhibit A (a copy of which is on file in the office of the Clerk of the Municipality), is hereby approved with such changes, amendments or modifications as may be approved by counselor bond counsel to the Municipality and bond counsel to the Authority and the County. Section 2. The full faith and credit of the Municipality are hereby pledged to the punctual payment of the obligations set forth in the Lease authorized by this ordinance, including without limitation, (i) all Basic Rent and Rent obligations of the Municipality under the Lease including, Authority Administrative Expenses and Additional Rent, (ii) all amounts due and owing to the County as a result of payments made by the County on behalf of the Municipality under the Lease pursuant to the County Guarantee, (i), (ii) and (iii) all direct and indirect costs of the Authority and the County related to the enforcement of the Lease and County Guarantee (i), (ii) and (iii) collectively, the "Lease Payment Obligation"). The Lease Payment Obligation under the Lease shall be a direct, unlimited and general obligation of the Municipality, not subject to annual appropriation by the Municipality pursuant to the County Improvement Authorities Law, and unless paid from other sources, the Municipality shall be obligated to levy ad valorem taxes upon all the taxable property within the Municipality for the payment of the Lease Payment Obligation thereunder without limitation as to the rate or amount. The Mayor or other Authorized Municipal Representative (as defined in the Lease) is hereby authorized and directed to execute the Lease on behalf of the Municipality in substantially such form as attached hereto in Exhibit A and the Clerk of the Municipality is hereby authorized and directed to attest to such signature and affix the seal of the MunicipaJity thereto and the Lease is authorized to be delivered to the Authority. All representatives, officials and employees of the Municipality are hereby authorized and directed to enforce and to implement provisions of the Lease Section 3. the following additional matters are hereby determined, declared, recited and stated: NO. 06-36 PAGE) of 4 (1) The maximum Lease Payment Obligation for which the Municipality shall be obligated hereunder, which, inter alia, will be used for the payment of principal of and interest on the Bonds of the Authority shall not exceed the sum necessary to (a) acquire the Municipality's Equipment described in Exhibit B which will be subject to the Lease, (b) pay interest on the Authority's Bonds allocated to the Municipality and used to acquire the Municipality's Equipment, and (c) pay the Municipality's share of the costs of issuance, Authority Administrative Expenses, Additional Rent, County Guarantee Costs and all other amounts required to be paid by the Municipality under the Lease. (2) The Bonds shaIJ mature within fifteen (15) years from the date issue. (3) The Lease Payment Obligation authorized herein shall remain effective until all the Authority's Bonds shall have been paid in full in accordance with their terms and/or when all obJigatiolls of the Municipality under the Lease have been satisfied, notwithstanding the occurrence of any other event, including but not limited to the termination of the Lease with respect to some or all of the tenns of Equipment leased thereunder. (4) The Items of Equipment described in Exhibit B are hereby approved to be leased from the Authority in accordance with the terms of the Lease, with such changes, amendments or modifications as may be approved by the counselor bond counsel to the Authority. Section 4. To the extent the Municipality is an "Obbgated Person" (as defined under the Rule (as herein defined), the Municipality hereby agrees to comply with the requirements of Rule l5c2-12 (the "Rule) promulgated by the Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934, as amended and supplemented, including the secondary market disclosure requirements contained therein, and agrees to covenant to such compliance in the Lease. The Mayor, Clerk, Chief Financial Officer or other Authorized Municipal Representative are each hereby authorized and directed to execute and deliver a Continuing Disclosure Agreement, approve and "deem final" the Official Statement of the Authority and the preliminary form thereof to the extent the information contained therein relates to the Municipality and to execute and deliver all certificates, documents and agreements to the Authority in connection therewith and to file budgetary, financial and operating data of the Municipality on an annual basis and notices of certain enumerated events as required to comply with and in accordance with the provisions of the Rule. Section 5. The Mayor, Clerk, Chief Financial Officer or Authorized Municipal Representative are each hereby authorized and directed to execute and deliver any and all certificates, documents and instmments and to do and cause to be done any and all acts and things necessary or proper for carrying out the execution and delivery of the Lease, the leasing of the Equipment which is to be NO OG-36 PAGE 4 of 4 the subject of the Lease and all related transactions contemplated by this ordinance. Section 6. Upon the payment of all amounts referenced in Section 3(3) herein, the full faith and credit pledge of the Municipality as to its Lease Payment Obligations authorized herein shalJ cease to exist. Section 7. The provisions of this ordinance are severable. To the extent any clause, phrase, sentence, paragraph or provision of this ordinance shall be declared invalid, illegal or unconstitutional, the remaining provisions shall continue to be in [u] force and effect. Section 8. This ordinance shall take effect twenty (20) days after final adoption and publication in accordance with applicable Jaw. --- COUNCILMAN DO NOT USE SPACE BELOW THIS LINE RECORD OF COUNCIL VOTE YES NO NY A.B. COUNCILMAN NAPLES RIOS SITARZ YES NO NV A.B. X X X -~~-- BELLINO DIAZ KRUM x - Indical~ Vot~ AS - Abs~[j( NY - Not Yorjng XOR _ Indicates VO!c 10 Ovcrrule Ycw Adopted on firs! reading of the Council of the Borough ofCaneret. N.J.. on JUNE 15, 2006 Adopted on second readin JULY 6 s 2006 /. / / / // / KMB/1r EXHIBIT "B" 2006 CAPITAL EQUIPMENI LEASE PROGRAM. PARTICIPATION FORM Governmental Entity CARTERET contact Person PATRICK J DEBLASIO E-Mail . DEBLASIOP@EJ,.RTE\\.E1:.NET Telephone z· 732-541-3820 FAX· 732~541-2884 . aTY. EQlnPMENT DESCRIPTION 1. 3 2006 POLICE CRUISERS 2 1 ELGIN STREET SWEEPER 3. 2 EMERGENcY ~E 'lERICLE 4. -' HV1Il< Tn !L.DJ}DF ~rnAN'S 5. 1 . P/I>.1 LOADER ESTIMATED ESTIMATED COST USEFUL LIFE 100,000 3 YEARS 110,000 10 YEARS 50.000 5 YEARS 7tJ:)nnli 5 YEARS 115,000 1.'i YEARS Affidavit of Publication Publisher's Fee $91.08 State of New Jersey} ss. MIDDLESEX COUNTY Personally appeared ELIZABETH SPENGLER of the Home News Tribune, a newspaper printed In Freeh published In NEPTUNE, In said County and State, and of general circulation In said county, who being duly sworn, deposeth and salth that the advertisement of which the annexed Is a true copy, has been published In the said newspaper 1 (ONE) times, once In each Issue, as follows 6/26106. PA TRICIA.W..IOWNS.ENI1 tillTARY PIIHUr. 01= NEW JERSEY MY COr,,1~11ISSI0NroIRES OCTOBER 19, 2010 '\ ~-l I /__.r~ , ' I" ~ , I BOfIOUGH OF CARTERET PUBLIC NOTICE NOTICE OF PENDING LEASE ORDINANCE AND SUMMARY The lease ordinance, the summary terms of which are included herein, was introduced and passed upon first reading at 11 meeting of the governing body of the Borough of Carteret . in the County of Middlesex, State of New Jersey. on June 15, 2006. It will be further considered for final passage, after public hearing thereon, at a meeting of the governing body to be held at MuniCIpal Court/Police Facility in the County of Middlesex, on July 6, 2006 at 6:30 p.m. During the week prior to and up to and including the date of such meeting copies of the full ordinance will be available at no cost and during regular business hours, at the Clerk's office for the members of the general public who shall request the same. The summary of the terms of such lease ordinance follow: Title: Purpo_(s) : Appropriation: AN ORDINANCE OF THE BOROUGH OF CARTERET, IN THE COUNTY OF MIDDLESEX, STATE OF NEW JERSEY, APPROVING AND AUTHORIZING THE ENTERING INTO, EXECUTION AND DELIVERY OF A LEASE AND AGREE- MENT WITH THE MIDDLESEX COUNTY IMPROVEMENT AUTHORITY RELATING TO THE ISSUANCE OF COUNTY- GUARANTEED CAPITAL EOUIPMENT LEASE REVENUE BONDS, SERIES 2006 Or- THE MIDDLESEX COUNTY IMPROVEMENT AUTHORITY Lease certain cdital equipment (de'5críbed in EJ.:t;lbit B ~:~~:ln:~mwitnh tatftr;;'i:Idf~:e:n¿e;¿~'yinl~p~~:e:;;:~~ Authority Amount sufficient to amortize the lease payment obli· gations Bonds/Notes Authorized: Grants QI any) Appropriated: None section 20 Costa: Costs of issuance to be allocated pro rata Useful Life: In accordance with the equipment being purchased ~re~::o~:~I~r:'·g~a~':!arteret EXHIBIT "B" 2006 CAPITAL EQUIPMENT LEASE PROGRAM PARTICIPATION FORM Governmental Entity: CARTERET Contact Person: PATRICK J. DEBLASIO E-MAIL: DEBLASIOP·1VCARTERET.NET Telephone: 732-541.:-:':1820 Fax: 732-541-2884 None EQUIPMENT DESCRIPTION 2006 POLICE CRUISERS ELGIN STREET SWEEPER EMERGENCY SERVICE VEHICLE 4 3 HYBRID 4 DOOR SEDANS 5. 1 PAY LOADER ($91.08) ESTIMATED ESTIMATED COST USEFUL LIFE 100,0003 YEARS 110,00010 YEARS 50,0005 YEARS 75,0005 YEARS 115,00015 YEARS .89' QTY. 1.3 2.1 3 2 AD., 2006 lk4,·L u ' Sworn and subsc bed before me this 26th day of June, A.D., 2006 Affidavit of Publication Publisher's Fee $79.20 Affidavit Charge $25.00 State of New Jersey Monmouth/Ocean Counties } ss. Personally appeared Kelli Fletcher Of the Home News Tribune, a newspaper printed in Freehold, New Jersey and published in NEPTUNE, in said County and State, and of general circulation in said county, who being duly sworn, deposeth and saith that the advertisement of which the annexed is a true copy, has been published in the said newspaper 1 times, once in each issue as foHows: 7/7/?OOR ~ r>.J~ r¡:::¡::¡:r- g0 WY'"H¥ ~ I ^ rw, ,~ , ''" ,'\1.: '- VI ,,) ì ., ~"-,; liO" \ /~N- ~ ^ny F" ',n' I" r~ . '~I'f 'F"·' -'{ / " r ~ !~. 1\ ~ - J. \ '. -- ,/." J , 1 lJ,.)l : j ,I I ." \ ._1 ...."_ / !,1Y (' -, ,¡1~1'11C: "¡' \",. . ,;Jcq IIPf11; 0(', "1(',9 II,¡ v;.¡ ..JÙ,-- \' 1,_,-- 11_'-\',,-l.':, / ~r~Cltlli~ lVL ' Sworn and subscribed before me, this 7 day of Julv, 2006 cZ::, BOROUGH OF CARTERE! ORDINANCE #06-36 PUBLIC NOTICE LEASE ORDINANCE STATEMENTS AND SUMMARY The tease ordinance, the summary terms of wllich are included herein, has been finally adopted by the governing body of the borough of Carteret, in the County of Middlesex State orNew Jersey on July 6, 2006 and the twen~ (20) day pericxJ of limitation within which a suit, action or proceeding questioning the validity of such ordinance can be commenced, as provided in the Local Bond Law, has begun to run from the date of the first publication of this state- ment. Copies of the full ordinance are available at no cost and during regular business hours, at the Clerk's office for members of the general public who re- quest the same. The summary of the tenns of such lease ordinance follows: Title; AN ORDINANCE OF THE BOROUGH OF CARTERETS IN Å~~R~YN~TY ~~~ÄDJT1fÕ~;b~1{~~E ~~T~~It'~NJ~R E~ ¡gRff~~~~I~~TH T~~~tlg6t~s~Y 8fu~~Ef~~R'ð~~ MENT AUTHORITY RELATING TO THE ISSUANCE OF COUNTY GUARAN TEED CAPITAL EQUIPMENT LEAS E ~Õ~'FfW1~~~gJb~~~+E¡uf~g~Ii2rF THE MIDDLESEX Lease certain capital equipment (desc:ribed in Exhibit B below) from and approve the entering into of a--lease agreement with the Middlesex Conty Improvement Au thority. Amount sufficient to amortize the lease obligations. Purpose(s): Appropriation: payment 1 2 4 3 5 1 ($79.20) Bond&lNotes Authorized: Grants (if any) Appropriated: None Section 20 costs: Costs of issuance to be allocated pro rata :ü.V~ll~~N M. BAR~nE~CCOrdance with the equipment belllg purchased Clerk of the Borou¡:h of Carteret EXHIBIT "S" 2005 CAPITAL EQUIPMENT lEASE PROGRAM PARTICIPATION FORM Governmenta Entity CARTERET Contact Person PATRICK J. DEBLASIO E-Mail DEBLASIQP2CARTERET.NET Telephone 732-541-3820 Fax 732-541-2884 QTY. EQUIPMENT ESTIMATED DESCRIPTION COST 3 2006 Police 100,000 Cruisers Elgin Street 110,000 Sweeper Š~~i~:rvC¡hicle 50,000 Hybrid 4 Door 75,000 Sedans Pay Loader 115,000 None 1. ESTIMATED USEFUL LIFE 3 Years 10 Years 5 Years 5 Years 15 Years 85163 AFFIDAVIT OF PUBLICATION The following Resolution of of an Ordinance or of Carteret that has appeared ill the Home News Tribune, a newspaper which is printed in Freehold, New Jersey and published in Neptune, in said County and State and of general circulation in said county. ONE (1) times, once in each issue as follows: is a the true copy Borouoh b June 26. 2006 ~---.-J____ Q' .Ru,~ Notary Public o(;J?¡n~W¡¡;Aey NOTARY PUBLIC OF NEW JERSEY MY COMMISSION EXPIRES MAY 2. 20·· Swom and subscribed before me this.;2c..v.. day of (l~ ...24)1 {/ Kathleen Barne , Municipal Clerk ò. -:\ L· .~ ?~ IIOIOUtIt Of CARTEMT I I'UllUc; 1IOTIc:E I NDT1CE,QF' PENDING ~.I}iMC.AND 8UMIMRY , The lease OI"dlnance, the summery te;:ms of which are Included herein, was ¡ ~tt~:U~ and g~~~~ ::rf~:ë~.a~/'M~~~X~~= ~~V~".fe~~ on June 15~ It will be further '~~rdered tOl" final passage, after pUbKc hearlna theJ"eoJ1,: at . meeth~ Qf the liitvernlna; body to 1)0& held at Muntclpal CourtlPolk;. Faòllity in the County of1llddlesex, on July 6, 2006 at 6:30 p.m. ; Durin. th.week~pt'"lOf'" to and Ur to a:nd including the date 01 such meeting copIeS of the lup ordinance wi! be aw..øteble at no cost and during reguler business houn, .t the Clerk's offICe ""the mem~. of the ¡eneral pUblic who shill! tequNt the same. The $Uìnmary of tM e.,rms of such lease ordinance 'oHow: :" T1Ite: AN ORDINANCE. OF THE BOROùGH OF CARTERET, IN THE COUNTY ØII'.:...MIPDLESEX, STATE ()F NEW JERSEY, APPROVING AND AÜTHORIZING THE ENTERING INTO, EXECUTION AND DELIVERY OF A L.EAS£. AND AGREE- MENT WITH THE MIDDLESEX COUNTY IMPROVEMENT AUTHORlìY RELATING TO THE ISSUANCE OF COUNTY- GUARANTEED CAPITAL EQUIPMENT LEASE REVENUE BONDS, SERIES 2006 of'" THE MIDDLESEX COUNìY IMPROVEMENT AUTHORlìY Leese certain capital equipment (de5cribed in ExhIbit 8 below) from and approve the entering into of a lease agreement with the Middlesex County Improvement Authority Amount sufficient to amortize the lease payment obli- gations PurpoM(.): ........-, :~. .-¡..... ADDro.... . IN:: None SiIòtIon . ~ Costs of issuance to be 2IlIoc2Ited pro rata u..IuI ut.: I In accordance with the equipment being purchased N_,_M._ Clerk of ... ........ of C.......EXHIBIT "8" _ c:APlTAL ......PMIENT L£\SE PROGRAM PAR1'ICIPATION PORM Governmental EliltIty: CARTERET Contact. Person:: PATRICK J. DE8LASIO E-MAIL: DEBLAS!P@CARTERET.HET Telephone: 732- 1-3820 Fax.: 732-541-2 ESTIMATED EllTllllATED DEaCRIPTION COST U8EfUL UFE 2006 P ICE CRUISERS 100,0003 YEARS ELGIN S REET SWEEPER 110,00010 YEARS EMERGE CY SERVICE VEHICLE 50,0005 YEARS 4. 3 HYBRID 4 DOOR SEDANS 75,0005 YEARS 5.1 PAY LOADER 115,00015 YEARS ~1.08) 88M No~ QTY. 1. . 2.1 .. 2 AFFIDAVIT OF PUBLICATION of an Ordinance or of Carteret that has appeared in the Home News Tribune, a newspaper which is printed in Freehold, New Jersey and published in Neptune, in said County and State and of general circulation in said county. ()ne (1) times, once in each . ç 11 BCIOUIII CI' CM1BIf Section, 3. the tollowln¡; additional matters ... hare- ISSUe as.o ows: bYdr!S;:~==~l~.a'~§'" hereunder; Wffi(:ñ'~'*'!l ~ -= the ...vment. Df prindpal Of and Inbtra.t on the"1!aoñcb oitha Autl'iority .,... not exceed the sum necessery to, (a) 1ICqU.... t~J~~~Ä =~~.~,~:~~:t:..~ Eest 0t'I the AuthO(fty's Bonds aUocød to MuniclNlttY är1d iIMd to ~. the v's E1' ;.... (c) ~ the ,,"n:='~;';·~. __ of 10-· ,,\uthorltY .'.MMI ~..., Addfttonal R*nt, Coun GuarMtM COstS .net .u other ~unts r.qwed to be pIMd by the Munld- DIØttv undM' the Lea... (2) 'The-Bonds shall mature within fifteen (15) :p"'. from the daW iSMM. (3) The L.... Payment ~~km authorized herein _hall rernatn until II the AuthOritY'. Bonds ....~Itøn aid In .... in KCorctemce with theb' terms lor when .1 obMøtions of th*' unØr the Lease naVe, beensatlsfl.d, notWIthsandlnl flie-óccul't~e O'f any :Ottíenl'lerit; -fnctudfiil bl.lt not limited to the ~ of the L.... with f'UIMCrt:' w some or ... of the terms of t,autøment -..cI th«eunder- (4) The ItemS 'Of Equipment desÇr1bttd In Exbibl1 Lar. hereby approVOKl to bI tuJed froñïllM J:Uthor"ity in ac:..cordance with the tIIrms of the L..... With such oherWiM. ...¡........_.ts or modlfk:atlons as I1"iIW T;e ~ by the coun~1 or bond coun_1 to the -~~. s.ctlon 4. To the .xten~ ~ Ii' an "0bI~ PerllOl\" ~ " ~ 1M'" (II. =~~""~~"':L7-i"":,,t "Rule") pt'om.bad by tM s.cur"",nd Ex- ch..commisslOn purw.nt to the_$*COrltles Ex- chaI'IP Act of 1934. iU an'teI'Id.ctand supplement- ed, ÍACludina the, secondll!,y market dIsclosure r.-quirementscontained therein. 2Ind agrees to cov· enant to suc:h ~nce in the Lease. The Mayor, a.rk. Chief Flnand.1 Officer or other Authorlz.e Munlciplll Reipr.sentative are each hereby auth rlz.ed .net dinicted to oecute and deliver a Contlnu 11"1& Disclo...... ....eement. approve and "deem fi Nil" the OfICiIII Stat«nent of the Authority and th pr.lin'IVMIrY. foi'm thereøf to the extent the Inform21 tloncontátned therein relate. to the Municipalit and to exewg M1CI delivw an cwttecatn.tn ' ... ments and ......ment. to the AuthorItY,1n C tlon therewith, and to flIe bI~. Ananclal operatin8 dlrta of the Mun ' on an baoi. _. ~~-!, of certllln enumerded .wnIII . requk'ed to dfth'r~ with and In ~ wm th ~onl fl.. ~ay~' Clerk, ChI« F~lIIotfice or Authorbled MUrri<;lp.d ".~ ... HC tMreby' IIVthorIaed añd 'cttrKt.s -t~ øecute deI_ a and all ~rttftc_.., dOcuments instrumMt ,'and to do and ~ to. be done an en4 .all III1CI thkIp, necøøry or proper f """,,,,,, out .... _ ....'-Y of th le.... 'the"'nø; of theE whlclí is to the su~ of the L.... ntIated tranuctið contemÐlated by ttUs ord . $ection' 6. Upon 'the of ... .moUl'Tts re18 ~ In Se<:tlon ;the U felth credit DtØø of ,the _ to Its L.. p~t OftIiptions thall cell toølst. s.ctIon 7. TheProv.....~otthtl;, ordIrwnce sev.-aÞle. To the exteM. ~. phr.... D"""~' por ...or. of this, ordl JNII ~bo. or unconst\lu the pro s CiinIII'iûe-urtw -- < antJon .. Tht. or ..... ... effect twen (20) äyo ..... ftnoI oIniI pubIic.tion ,,- Middlesex Court I ov.ment ÑJ· "Authority") Is au iIid to Issue Its " "pUrSu.nt to tI'Ie pro..-ist ,of the County ~ . ~t A...thorlties Law. .pter 183 of, the ~~: ,1_ , /? 1) '.' .d~Of..J.m~~..;:: ~_~ <A. ~ ' ,,' , rO'lementAuthorit'" a..w~0ftIer _. . -' pl'OvbIonS of lrN; and NotarlYr.l1,yhJm....t: Ne~ JetfSey "': ~.' ~.",::,~ ~~. t"'o'1'I~~-;:: Nt) I'( ~ ~Of_~~ "'... of NOTARY PUBLIC OF NEW JERSEY ¡¡;¡,¡r. C<lbn~)" the . ~ MY COMMISSION EXPIRES MAY 2, 2011 .. '~:)~~.:r.::~~'rt~ Sworn and subscribed before ....~~~ - ....... /) AS, th;;. hIIt~ilAi Md ~ me this.,.7c.#, day O~V...""" ..,~~~I,.'~:"~~·\~'~~ of.~}.,"'Co~ --, ,..~ the AWtt1õttty' itM- ~, E' ... 11.. been apprlW by the COWlty oi , , 1X".state of New Jersey the "County:") 8nd , ,,''is «ÞC1wd hereto as ovJij\n& for 'tÞe,ae~<m and 1$IISinC c. I~ of tq,u~ "Wri the AuthOf'itY"í1j whiCh E~ I. described in £iIItIIbi18 JittIIC ..aNf incair.. ~~~n~ ~~.:"~ ~~~ ""'~Ibed tQ .,. L..... NOW ,ORE D ØV THE "" OF i~:lEE~n'~E: Jl:lEY ~ tWø-th.,.e:~i all members thereof coneurr1nB) AS ~~~u=~res~~~rlJ~ ~~J ~:~. ~u;~~o IS.: Mh;'~..... whith LNSe provides for ........ Of, QIII't¡ain '.__ of, Equlpmen=1IC eel 'the, procftds, of Ccunty-Gtíl..amød LNH ..... ....Ió.... (th.' ,..) to ba""" by títò, ,,' under . resel n of the Authority to '~' ' -, :, &he Awthorl emttted. "ResohJ- tlon of tHe County I overnent Authorl· ty Authorizln& the Is.uance of ounty-GuarentHd Capital [qulpment L.... R.venue Bonds" (twe; "Ge1'«aI BOnd Resotuttcn"). TM L..... In -.lbstan- tlalry th8 form subrhltted her4twlth In EatJIbi1..A (. copy of Which is on me In th~. of tni ClerK of the MunltløatttY). is hereby oved with such chanpl. am.naments or m .. r]1aY be approVed bY counsel or bend dounMl to the Mtink:I- pailty and bond couneel to ttM Authority and the County. SectIOn 2. The full hKth and crUlt of the Municlpali· ~_._ to tho .................... of the obæ' Qt:Wth In tI'M L.... ..thoriZed by C .th.ISOf' _.,1. WI.·\IIo.utl~~~L~ ~osIc ... ·Rlent~. . otb~ IfídcH . I· .(H)".l"hOtIntsdue =e bY-'. ¿:~~.;s. ~ ~¡;:m~ vfljttr\ht~~....r:n... . ~ ~'.. ......... 0IØ11f1 I' ii' I, :'¡, ,I ; ," '!- " ;' ...¡';' ;'·;·;1 ;1 ¡ The following Resolution of J"uTle 2J.. 20œ . IS a the Kathleen Barney, Municipal Clerk true copy Borough --- ----- Affidavit of Publication Publisher's Fee $79.20 Affidavit Charge $25.00 State of New Jersey Middlesex County ..'!.~ --~ .} ~~.. /r~<' ' cUoR'is 0 Of the Home News Tribune, a newspaper printed in Freehold, New Jersey and published in NEPTUNE, in said County and State, and of general circulation in said county, who being duly sworn, deposeth and saith that the advertisement of which the annexed is a true copy, has been published in the said newspaper 1 times, once in each issue as follows: } SS. Personally appeared Kelli Fletcher 7/7/?OOR ~ ~...!' ,I' , :lOT-H¥-MAQAM.^, o OI'1<JE\'HE!1ßEY ~". :XPIRESAPRIL20, 2009.. Q Q Q~ Q!Jd;tQ./L , Sworn and subscribed before me, this 7 day of Julv. 2006 ~" \'...,' / / / , ! MYCl, / BOROUGH OF CARTERET ORDINANCE #06-36 PUBLIC NOTICE LEASE ORDINANCE STATEMENTS AND 5UMMAKY The lease ordinance, the summary terms OT which are included herein, has been finallY adopted by the governing body of the borou!lh of Carteret, in the County of ~¡ddlesex, State en New Jersey on JulY 6, 2006 and the twen~ (20) day period of lìmitatlon within which a suit, adion or proceeding questioning the validity of such ordinance can be commenced, as provided in the Local Bond Law, has begun to run from the date of the first publication of this state- ment. Copies of the full ordinance are available at no cost and during regular business hours, at the Clerk's office for members of the gel'"!eral public who re- ~uest the same, The summary of the terms of such lease ordinance follows: ¡tie; ~~E0twû7,¡i'~~EF ~D1~~~~fJA1~ °ÓFC~~JlftJSE~~ APPROVING AND AUTHORIZING THE ENTER ING IN 18Rf~~1~11~TH T~~~lg5t~EJr gU~~Ef~~R'Ó~~ MENT AUTHORITY RELATING TO THE ISSUANCE OF COUNTY GUARAN TEED CAPITAL EQUIPMENT LEAS E ê6'G~~~~~<WÈ~~~+EÅtrf~g~I.gF THE MIDDLESEX Lease certain capItal equipment (described in Exhibit B below) from and apPrOVe the entering into of----a-lëãse agreement wIth the Middlesex Conty Improvement Au thorlty. Amount suffIcIent to amortIze the lease obl1gations. Purpose(s): Appropriation: payment Bond!1JNotes Authorized: None ~~~~~~;~) None Section 20 costs, COsts of issuance to be allocated pro rata ~~IL~~N M. BAR/.r~ccordance with the equipment being purchased Clerk of the Borough of Carteret EXHIBIT "8" 2005 CAPITAL EQUIPMENT LEASE PROGRAM PARTICIPATION FORM Govemmenta Entity CARTERET COntact Person PATRICK J. DEBLASIO E-Mail DEBlASIOP2CARTERET.NET Telephone 732-541-3820 Fax 732-541-2884 QTY. EQUIPMENT ESTIMATED DESCRIPTION COST 3 2006 Police 100,000 CruIsers 1 Elgin Street 110,000 Sweeper 2 Emergency 50,000 Service Vehicle Hybrid 4 Door 75,000 Sédans Pay loader 115,000 1. ESTIMATED USEFUL LIFE 3 Years 2. 10 Years 5 Years 3 5 Years 5. 1 ($79.20) 15 Years 85163 AFFIDAVIT OF PUBLICATION is a true of the Borough appeared in the Home News Tribune, a newspaper which is printed in Freehold, New Jersey and published in Neptune, in said County and State and of general circulation in said county. ONF. (1) times, once in each issue as follows: The following Resolution copy of of an Ordinance or Carteret that has BOROUGH OF CARTERET ~~ ),.~ r7 /«/L/t"~ Notary Puhlic of New Jersey LINDA A RNERA NOTARY PUBLIC OF NEW JERSEY MY COMMISSION EXPIRES MAY 2, 2011 Sworn and subscribed before me this 7-b<. day of Q,.J.~.).. 0..::; (; C? / Purpose(s): ORDINANCE #06·36 PUBLIC NOTICE LEASE ORDINANCE STATEMENTS ANU 5UMMAKY The lease ordinance, the summary terms of which are inctudedherein. has been finally adopted by the governing body of the borough of Carteret, In the County of Middlesex,'State mNew Jersey on Julv 6, 2006 and the twenty (20) day period of limitation within which a suit, action or proceeding questloning the validity of such ordinance can be commenced, as provided in the local Bond Law, has beguA to run from the date of the first publication of this state- ment. Copies of the full ordinance are available at no cost and during regular business hours, at the Clerk's office for members of the general public who re- ~uest the same. The $umma~ of the terms of such lease ordinance follows: itle, ~A'E°tbÚ~~1fF ~D1~ls~R~~<t~ 0ÖFC:~Efl~rSE~~ APPROVING AND AUTHORIZING THE ENTER ING IN ÀgR~~~tl~TH T~~~gß~~SE~Y ð'ÓU~fl~~R'Ó~~ MENT AUTHORITY RELATING TO THE ISSUANCE OF COUNTY GUARAN TEED CAPITAL EQUIPMENT lEA S E ~~rw~:~~8~É~~~~~uf~g~Il~.F THE MIDDLESEX lease certain capItal equipment (described in Exhibit B below) from and approve the enterlnS into of a----œase agreement with the Middlesex Coney Improvement Au tl'iorlty. Amount sufficient to amortize the lease payment obligations. 1. 2. Appropriation: Bonds/Notes AuthorIzed: Grants (¡fany) Appropriated: None Section 20 costs: Costs of Issuance to be allocated pro rata ~~(~~N M. BAR~~ccordal1Ce wIth the equipment being purchased Clerk 01 the Bolbuch of Carteret EXHIBIT MB" 2005 CAPITAL EQUIPMENT LEASE PROGRAM PARTICIPATION FORM Governmenta Entity CARTERET Contact Person PATRICK J. DEBLASIO E-Mail fEBLASIOP2CARTERET.NET ~~Phone j§2~gli:~ãg4 QTY, EQUIPMENT ESTIMATED DESCRIPTION COST 2006 Police 100,000 Cruisers Elgin Street 110,000 Sweeper ~:J'';i~:~%ice '50,000 ~j'g~~s 4 Door 75,000 Pay loader 115,000 None 3 ESTIMATED USEFUL LIFE 3 Years 10 Years /~ Kathleen Barney, Municipal Clerk 3. 2 4. 3 5. 1 ($79.20) 5 Years 5 Years 15 Years 85163 C ------ (J -C) {-3~,