April 22, 2025

improvements or purposes set forth in Section 3(a)(ii), (iii), (iv), and (v) hereof, as such projects are being funded by the DOT Grants, which are grants provided by the State of New Jersey. SECTION 2. For the financing of said improvements or purposes described in Section 3 hereof and to meet part of said $10,030,000 appropriation not provided for by said Down Payments and the Grants referred to in Section 1 hereof, negotiable bonds of the Township are hereby authorized to be issued in the aggregate principal amount of $6,714,669 pursuant to, and within the limitations prescribed by, the Local Bond Law. In anticipation of the issuance of said bonds and to temporarily finance said improvements or purposes, negotiable notes of the Township in an aggregate principal amount not exceeding $6,714,669 are hereby authorized to be issued pursuant to, and within the limitations prescribed by, said Local Bond Law. SECTION 3, {a) The improvements hereby authorized and purposes for the financing of which said obligations are to be issued include, but are not limited to, as follows: Down P: it Description Appropriation Authorization “Byment Useful Life G) Improvements and repairs to the entire $530,000 $219,000 $ 11,000 10 years lengths or portions of, as applicable . . Franklin Avenue from Main Street to Gneluding the Chestnut Street and Oxford Place from bana Cherry Street to Chestnut Street, rant) including, but not limited to, as applicable, milling, paving, storm drain installation, curbs, sidewalks, ADA complaint ramps, and driveway aprons; (ii) Improvements and repairs to the entire $ 2,510,000 $ 1,510,000 $0 10 years lengths or portions of, as applicable, (including the Walker Road, South Valley Road, and $1,000,000 Rooney Circle, including, but not limited DOT Grant) to, as applicable, milling, paving, storm drain installation, curbs, sidewalks, ADA compliant ramps, and driveway aprons; (ii) Improvements and repairs to the entire — $ 1,700,000 $ 1,182,093 $0 10 years lengths or portions of, as applicable, (including the Morris Road, Sussex Road and Hunterdon $517,907 DOT 8