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 PUBLIC NOTICE 2953-26 NOTICE OF BOND ORDINANCE ADOPTION AND SUMMARY The bond ordinance, the summary terms of which are included herein, has been finally adopted by the Township Council of the Township of West Orange, in the County of Essex, State of New Jersey (the “Township”) on February 24, 2026 and the twenty (20) day period of limitation within which a suit, action or proceeding questioning the validity of such bond 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 bond 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 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 years KAREN J. CARNEVALE, R.M.C.