Ordinance No. O-3-2026-006 Adoption
Posted: April 7, 2026
MONROE TOWNSHIP, MIDDLESEX COUNTY
ORDINANCE NO.: O-3-2026-006
BOND ORDINANCE STATEMENT AND SUMMARY
The bond ordinance, the summary terms of which are included herein, has been finally adopted by the Township of Monroe, in the County of Middlesex, State of New Jersey on April 6, 2026 and the 20 day period of limitation within which a suit, action or proceeding questioning the validity of such bond ordinance can be commenced, as provided in the Local Bond Law, has begun to run from the date of the first publication of this statement. Copies of the full bond ordinance are available at no cost and during regular business hours at the Clerk's office for members of the general public who request the same. The summary of the terms of such bond ordinance follows:
Title: BOND ORDINANCE PROVIDING FOR VARIOUS CAPITAL IMPROVEMENTS IN AND BY THE TOWNSHIP OF MONROE, IN THE COUNTY OF MIDDLESEX, NEW JERSEY, APPROPRIATING $2,556,000 THEREFOR AND AUTHORIZING THE ISSUANCE OF $2,433,800 BONDS OR NOTES OF THE TOWNSHIP TO FINANCE PART OF THE COST THEREOF
Purposes:
|
Purpose |
Appropriation & Estimated Cost |
Estimated Maximum Amount of |
Period of Usefulness |
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a) Various roadway, sidewalk and curb improvements throughout the Township, as more fully described on a list on file in the Office of the Clerk, which list is hereby incorporated by reference as if set forth at length, including all work and materials necessary therefor and incidental thereto and further including all related costs and expenditures incidental thereto. |
$1,800,000 |
$1,714,000 |
10 years |
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b) Acquisition of a street sweeper for the Department of Public Works, including all related costs and expenditures incidental thereto. |
$405,000 |
$385,700 |
10 years |
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c) Acquisition of equipment for the Department of Public Works, as more fully described on a list on file in the Office of the Clerk, which list is hereby incorporated by reference as if set forth at length, including all related costs and expenditures incidental thereto. |
$101,000 |
$96,100 |
15 years |
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d) Heritage Chase Road improvements and design, including all related costs and expenditures incidental thereto. |
$250,000 |
$238,000 |
10 years |
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Total |
$2,556,000 |
$2,433,800 |
Appropriation: $2,556,000
Bonds/Notes Authorized: $2,433,800
Grants (if any) Appropriated: N/A
Section 20 Costs: $506,000
Useful Life: 10.19 years
Christine Robbins, Clerk