2475-16 Bond Ordinance 7378635 for various capital improvements.pdf

#2272000 v1 100181-33129 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 Various Capital Improvements In And For The Township Of West Orange, In The County Of Essex, New Jersey, Appropriating $7,378,635 Therefore And Authorizing The Issuance Of $7,027,266 Bonds Or Notes To Finance Part Of The Cost Thereof. Purpose(s): Resurfacing of various streets, including but not limited to Harrison Avenue, South Valley Road from Orange Line to Walker Road, Bradford Avenue, Grandview Avenue, Murphy Court, Ralph Road, Elm Street from Mississippi Avenue to Valley Way, Edgar Road, Pen Bryn Road, Rainbow Terrace, Rosemont Terrace, Drive and Court, Underwood Drive from Blackstock Road to Tenney Court, Tenney Court, Dale Drive, Pine Street from Wellington Avenue to Birch Street, Birch Street from Wellington Avenue to Birch Street, Dawes Avenue, Orange Heights Avenue, Meeker Street, Tremont Avenue, Spring Hill Drive, Cherrywood Circle and Fernwood Circle, and improvements to Watson Avenue, Curtis Avenue, Garfield Avenue, Winding Way, and Sheffield Terrance to Dead End, Degnan Park Driveway, including traffic stripping markings, signs, curbing and sidewalks; Various sewer improvements, including but not limited to improvements to Old Short Hills Road Pump Station, elimination of Korvel Pump Station and upgrade of Pump Station on 7 Lessing Court; Various outdoor facility improvements, including but not limited to improvements to outdoor recreational facilities and replacement of aerator; Acquisition of various information technology equipment, including but not limited to computer software, computer network upgrades, information technology improvements, radio tower certification, replacement of mobile modems, CAD system

echnology equipment, including but not limited to computer software, computer network upgrades, information technology improvements, radio tower certification, replacement of mobile modems, CAD system upgrades, firewall upgrades and 9-1-1 system upgrades; and Various indoor facility improvements, including but not limited to miscellaneous indoor facilities improvements, improvements to Katz Community Center and Police Building, installation of a new roof at O’Connor Park Field House. Appropriation: $7,378,635 Bonds/Notes Authorized: $7,027,266 Grants (if any) Appropriated: None Section 20 Costs: $2,000,000 Useful Life: 14.33 years KAREN J. CARNEVALE, TOWNSHIP CLERK