ORDINANCE NO. O-6-2026-016 NOTICE OF FINAL ADOPTION
August 4, 2026
MONROE TOWNSHIP, MIDDLESEX COUNTY
ORDINANCE NO.: O-6-2026-016
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 August 3, 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 IMPROVEMENTS TO THE WATER-SEWER UTILITY IN AND BY THE TOWNSHIP OF MONROE, IN THE COUNTY OF MIDDLESEX, NEW JERSEY, APPROPRIATING $4,368,200 THEREFOR AND AUTHORIZING THE ISSUANCE OF $4,368,200 BONDS OR NOTES OF THE TOWNSHIP TO FINANCE THE COST THEREOF"
Purposes:
|
Purpose |
|
Appropriation & Estimated Cost |
|
Estimated Maximum Amount of |
|
Period of Usefulness |
|
a) Applegarth 3.5 MG Hydro Pillar Water Storage Tank rehabilitation and painting of both the exterior and interior including all work and materials necessary therefor and incidental thereto.
|
|
$2,470,550 |
|
$2,470,550 |
|
15 years |
|
b) Relocation of water main, including all work and materials necessary therefor and incidental thereto.
|
|
$262,650 |
|
$262,650 |
|
40 years |
|
c) Improvement to the storage facility, including all related costs and expenditures incidental thereto.
|
|
$825,000 |
|
$825,000 |
|
10 years |
|
d) Acquisition of a utility truck, including all related costs and expenditures incidental thereto.
|
|
$105,000 |
|
$105,000 |
|
5 years |
|
e) Replacement of meters, and encoder receiver transmitters, including all related costs and expenditures incidental thereto.
|
|
$705,000 |
|
$705,000 |
|
10 years |
|
Total: |
|
$4,368,200 |
|
$4,368,200 |
|
|
Appropriation: $4,368,200
Bonds/Notes Authorized: $4,368,200
Grant Appropriated: N/A
Section 20 Costs: $395,000
Useful Life: 14.51 years
Christine Robbins, Clerk
The date of first posting of this Notice is August 4, 2026.