2698-22 Bond Ord. Funding Emergency Appropriation - Flood Mitigation Facilities Prjct. - Joint Mtg..pdf

SECTION 2. For the financing of said improvements or purposes described in Section 3 hereof and to meet the $2,725,000 appropriation, negotiable bonds of the Local Unit are hereby authorized to be issued in the principal amount of $2,725,000 pursuant to, and within all 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 Local Unit in a principal amount not exceeding $2,725,000 are hereby authorized to be issued pursuant to, and within the limitations prescribed by, said Local Bond Law. SECTION 3. The improvements hereby authorized and purposes for the financing of which said debt obligations are to be issued are to fund an emergency appropriation previously adopted by Local Unit to fund the Local Unit’s allocable share of the unfunded portion of Phase I of the Joint Meeting of Essex and Union Counties’ Flood Mitigation Facilities Project consisting of the construction of an Effluent Pumping Station, which will be connected to the existing twin outfall channels to the Arthur Kill. a. All improvements shall include, as applicable, all work, materials, equipment, engineering services and design, architectural services and designs, surveying, environmental consulting work, environmental remediation, preparation of plans and specifications, governmental permits, bid documents, conducting and preparation of reports, plans, analysis, and studies, equipment rental, labor and appurtenances necessary therefore or incidental thereto. b. The aggregate estimated maximum amount of bonds or notes to be issued for said improvements or purposes is $2,725,000. c. The aggregate estimated cost of said improvements or