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

#13472599.1 168182/002 TOWNSHIP OF WEST ORANGE PUBLIC NOTICE BOND ORDINANCE 2700-22 STATEMENT and SUMMARY The bond ordinance, the summary terms of which are included herein, has been finally adopted by Township Council of the Township of West Orange, in the County of Essex, State of New Jersey on December 6, 2022 and the twenty (20) day period 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 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 __________________________ KAREN J. CARNEVALE, Municipal Clerk