2953-26 Bond Ord. - Various Imp. to OSPAC - 1 Mil. DCA Grant -(2_10_26 Intro)(95856979.1).pdf

#95856979.1 168182.012 TOWNSHIP COUNCIL OF THE TOWNSHIP OF WEST ORANGE IN THE COUNTY OF ESSEX, NEW JERSEY 2953-26 PUBLIC NOTICE NOTICE OF PENDING BOND ORDINANCE 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 (the “Township”) on February 10, 2026. It will be further considered for final passage, after public hearing thereon, at a meeting of the governing body of the Township to be held at the Township Municipal Building, 66 Main Street, West Orange, New Jersey, in said County, on February 24, 2026 at 7:00 p.m. During the week prior to and up to and including the date of such meeting, copies of the full bond 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 VARIOUS IMPROVEMENTS TO THE OSKAR SCHINDLER PERFORMING ARTS CENTER, BY AND IN THE TOWNSHIP OF WEST ORANGE, IN THE COUNTY OF ESSEX, STATE OF NEW JERSEY; APPROPRIATING $1,250,000 THEREFOR (INCLUDING A GRANT RECEIVED OR EXPECTED TO BE RECEIVED FROM THE NEW JERSEY DEPARTMENT OF COMMUNITY AFFAIRS CORONAVIRUS STATE FISCAL RECOVERY FUND IN THE AMOUNT OF $1,000,000) AND AUTHORIZING THE ISSUANCE OF $238,000 BONDS OR NOTES OF THE TOWNSHIP TO FINANCE PART OF THE COST THEREOF Purpose(s): The bond ordinance provides for various capital improvements to the Oskar Schindler Performing Arts Center, including, but not limited to, the refurbishment of the performing arts center with two (2) outdoor pole-mounted speakers, the expansion of the existing stage with the installation of approximately 2,130 square feet of rubberized coating for the stage floor, the relocation of the existing stage staircase, the installation of window guards and lighting improvements at the existing stage building, the construction of a 10’ x 20’ storage shed and all work related thereto. Appropriation: $1,250,000 Bonds/Notes Authorized: $238,000 Down Payment: $12,000 Grant: $1,000,000 received or expected to be received from the New Jersey Department of Community Affairs Coronavirus State Fiscal Recovery Fund Section 20 Costs: $125,000 Useful Life: 15

ent: $12,000 Grant: $1,000,000 received or expected to be received from the New Jersey Department of Community Affairs Coronavirus State Fiscal Recovery Fund Section 20 Costs: $125,000 Useful Life: 15 years KAREN J. CARNEVALE, Clerk of the Township of West Orange