Conference/Public Meeting Agenda/Documents — Packet

2363-12 BOND ORDINANCE AMENDING BOND ORDINANCE 1374 -96 FINALLY ADOPTED BY THE TOWNSHIP COUNCIL OF THE TOWNSHIP OF WEST ORANGE, NEW JERSEY ON FEBRUARY 6, 1996. BE IT ORDAINED BY THE TOWNSHIP COUNCIL OF THE TOWNSHIP OF WEST ORANGE, IN THE COUNTY OF ESSEX, NEW JERSEY (not less than two-thirds of all members thereof affirmatively concurring), AS FOLLOWS: Section 1. The Bond Ordinance of the Township Council of the Township of West Orange, in the County of Essex, New Jersey (the “Township”) entitled “Bond Ordinance Authorizing The Funding Of Obligations Of The Township Of West Orange, In The County Of Essex, New Jersey, Under Regional Contribution Agreements Pursuant To N.J.S.A. 52:27D-301 et seq., Appropriating $1,395,000 Therefor And Authorizing The Issuance Of $1,325,250 Bonds Or Notes To Finance Part Of The Cost Thereof” finally adopted on February 6, 1996 (the “Ordinance”) is hereby incorporated by reference in its entirety. Section 2. Section 1 of the Ordinance is hereby amended in its entirety as follows: “(a) Pursuant to the applicable statutes of the State of New Jersey, the amount of $1,395,000 is hereby appropriated to finance the items described in the immediately succeeding paragraph, in and for the Township of West Orange, in the County of Essex, New Jersey (the “Township”) together with other purposes incidental or related thereto is hereby authorized. (b) The Improvements authorized and the purposes for which obligations are to be issued, the estimated cost of each Improvement and the appropriation therefor, the estimated maximum amount of bonds or notes to be issued for each Improvement and the period of usefulness of each Improvement are as follows: Appropriation Estimated and Estimated Co Maximum Amount Period of U Improvements st of Bonds or Notes sefulness (i) Regional Contribution Agreements $1,160,000 $1,102,000 5 Years (ii) Acquisition and Installation of 235,000 223,250 5 Years” Security Cameras Section 3. The capital budget of the Township is hereby amended to conform with the provisions of this Ordinance to the extent of any

,000 223,250 5 Years” Security Cameras Section 3. The capital budget of the Township is hereby amended to conform with the provisions of this Ordinance to the extent of any inconsistency herewith. The resolution in the form promulgated by the Local Finance Board showing full detail of the amended capital budget and capital program as approved by the Director, Division of Local Government Services, Department of Community Affairs, State of New Jersey is on file with the Township Clerk and is available for public inspection. Section 4. All other provisions of the Ordinance shall remain unchanged. Section 5. This amendatory bond ordinance shall take effect twenty days after the #1855342 v1 100181-33129

first publication thereof after final adoption as provided by Local Bond Law. Introduction: October 16, 2012 Adopted: October 30, 2012 ____________________________ Robert D. Parisi Mayor ____________________________ Victor Cirilo Council President Approved as to form and legality on the basis of the facts set forth. _________________________________ Karen J. Carnevale Municipal Clerk #1855342 v1 100181-33129