ORDINANCE NO. O-9-2026-020 NOTICE OF FINAL ADOPTION
Posted: October 6, 2026
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 October 5, 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 $2,392,045 THEREFOR AND AUTHORIZING THE ISSUANCE OF $1,882,855 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 |
|
a) Heritage Chase Road project, including all work and materials necessary therefor and incidental thereto.
|
|
$1,305,000 (includes the NJDOT Grant) |
|
$847,600 |
|
10 years |
|
b) Acquisition of in-car cameras for the Police Department, including all related costs and expenditures incidental thereto.
|
|
$16,043 |
|
$15,275 |
|
5 years |
|
c) Acquisition of police radios and equipment for the Police Department, including all related costs and expenditures incidental thereto.
|
|
$47,002 |
|
$44,750 |
|
5 years |
|
d) Acquisition of body armor for the Police Department, including all related costs and expenditures incidental thereto.
|
|
$32,500 |
|
$30,950 |
|
5 years |
|
e) Acquisition of sport utility vehicles for the Police Department, including all related costs and expenditures incidental thereto.
|
|
$227,000 |
|
$216,190 |
|
5 years |
|
f) Acquisition of pick up truck for the Department of Public Works, including all related costs and expenditures incidental thereto.
|
|
$91,500 |
|
$87,140 |
|
5 years |
|
g) Providing for an ambulance remount, including all related costs and expenditures incidental thereto.
|
|
$273,000 |
|
$260,000 |
|
5 years |
|
h) Drainage 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.
|
|
$200,000 |
|
$190,475 |
|
10 years |
|
i) Municipal facility improvements, 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.
|
|
$200,000 |
|
$190,475 |
|
10 years |
|
Total |
|
$2,392,045 |
|
$1,882,855 |
|
|
Appropriation: $2,392,045
Bonds/Notes Authorized: $1,882,855
Grants (if any) Appropriated: $415,000 State of New Jersey Department of Transportation
Section 20 Costs: $119,000
Useful Life: 8.26 years