2375-13 500,000 Bond Ordinance - Development of Park on Ridgeway Avenue (2).pdf

#1929915 v1 100181-33129 STATEMENT 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 May 2 1 , 2013 and the 20-d ay p eriod o f 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 The Development Of A Park At Ridgeway Avenue In And For The Township Of West Orange, In The County Of Essex, New Jersey, Appropriating $500,000 Therefore An Authorizing The Issuance Of $475,000 Bonds Or Notes To Finance Part Of The Cost Thereof. Purpose(s): Development of a park at Ridgeway Avenue, located on a portion of Block 158, Lot 39 and known as 55-57 Ridgeway Avenue. Appropriation: $500,000 Bonds/Notes Authorized: $475,000 Grants (if any) Appropriated: N/A Section 20 Costs: $100,000 Useful Life: 15 years KAREN J. CARNEVALE Municipal Clerk