2700-22 - Amending and Restating Mellon Ave - West Orange.pdf

TOWNSHIP OF WEST ORANGE PUBLIC NOTICE NOTICE OF PENDING BOND ORDINANCE 2700-22 and SUMMARY The bond ordinance, the summary terms of which are included herein, was introduced and passed upon first reading at a meeting of the Township Council of the Township of West Orange, in the County of Essex, State of New Jersey, on November 22, 2022. It will be further considered for final passage, after public hearing thereon, at a meeting of the governing body to be held at the Township’s Municipal Building, 66 Main St, West Orange, NJ 07052 on December 6, 2022 at 7:00 p.m. During the week prior to and up to and including the date of such meeting, copies of the full ordinance will be available at no cost and during regular business hours at the Clerk’s office for the members of the general public who shall request the same. The summary of the terms of such bond ordinance follows: Title: BOND ORDINANCE PROVIDING FOR THE INSTALLATION OF A SANITARY SEWERAGE SYSTEM AND ASSOCIATED LATERALS LOCATED ON MELLON AVENUE BETWEEN CLEVELAND TERRACE AND KITCHENER AVENUE, IN AND BY THE TOWNSHIP OF WEST ORANGE, IN THE COUNTY OF ESSEX, STATE OF NEW JERSEY; APPROPRIATING $285,000 THEREFOR AND AUTHORIZING THE ISSUANCE OF $271,400 BONDS OR NOTES OF THE TOWNSHIP TO FINANCE PART OF THE COST THEREOF AND DIRECTING A PORTION OF THE SPECIAL ASSESSMENT OF THE COST THEREOF Purpose(s): Installation of a sanitary sewerage system and associated laterals located on Mellon Avenue between Cleveland Terrace and Kitchener Avenue on Block 175.08, Lots 8, 9 and 12 and Block 175.14, Lots 1, 2 and 3, as referenced on the official tax map of the Township as identified and described in Schedule A attached hereto. Appropriation: $285,000 Bonds/Notes Authorized: $271,400 Down Payment: $13,600 Section 20 Costs: $25,000 Useful Life: 40 years ATTACH SCHEDULE A LIST OF PROPERTIES TO BE ASSESSED This

1,400 Down Payment: $13,600 Section 20 Costs: $25,000 Useful Life: 40 years ATTACH SCHEDULE A LIST OF PROPERTIES TO BE ASSESSED This Notice contains a description of the properties affected by the bond ordinance (See Schedule A attached hereto), a description of the improvement to be undertaken along such properties (See Number 1 below), and a statement of the percentage of the cost to be borne by the owner or owners of such properties (See Number 2 below). The cost of the improvement is being borne, in full, by the owners of the real properties set forth in Schedule A attached hereto. Such owners may undertake the improvement at their own expense; provided that such improvement shall be completed by the property owner within thirty (30) days after service of this notice. However, unless the owner or owners complete the improvement within thirty (30) days after service of this notice, the Township will make the improvement at the expense of the owner or owners. This Notice of Pending Ordinance is being served, in accordance with the provisions of N.J.S.A. 40:65-2 to N.J.S.A. 40:65-6, upon every person whose lands may be affected by this bond ordinance or any assessments which may be made in pursuance thereof. The proof of such service shall #13472599.1 168182/002