2474-16 Bond Ordinance 375000 for parking improvements at Gregory School (2).pdf

#2271948 v1 100181-33129 2474-16 BOND ORDINANCE STATEMENTS AND SUMMARIES The Bond Ordinance, the summary terms of which are included herein, has b een finally adopted by the Township of West Orange, State of New Jersey on February 9, 2016 and the 20- d ay p eriod 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 statement. 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 request the same. The summary of the terms of such bond ordinance follows: Title: Bond Ordinance Authorizing Parking Improvements At Gregory School In And For The Township Of West Orange, In The County Of Essex, New Jersey, Appropriating $375,000 Therefore And Authorizing The Issuance Of $357,140 Bonds Or Notes To Finance Part Of The Cost Thereof. Purpose(s): For parking improvements at Gregory School. Appropriation: $375,000 Bonds/Notes Authorized: $357,140 Grants (if any) Appropriated: None Section 20 Costs: $75,000 Useful Life: 10 years KAREN J. CARNEVALE CLERK