Township Council Meeting — Packet

(4) After final passage, the bond ordinance was duly approved by the Mayor on _____________ ____, 2025 and was duly published as required by law on _____________, 2025 in (name of newspaper). No protest signed by any person against making any improvement or incurring the indebtedness authorized therein, nor any petition requesting that a referendum vote be taken on the action proposed in the bond ordinance has been presented to the governing body of the Township or to me or filed in my office within twenty (20) days after said publication or at any other time after the final passage thereof. (5) The bond ordinance has not been amended, added to, altered or repealed and said bond ordinance is now in full force and effect. (6) A certified copy of the bond ordinance and a copy of the amended capital or temporary capital budget form have been filed with the Director of the Division of Local Government Services in the New Jersey Department of Community Affairs, as applicable. (7) The official seal of the Township is affixed, imprinted or reproduced opposite my signature on this Certificate. IN WITNESS WHEREOF, I have hereunto set my hand and affixed, imprinted or reproduced the official seal of the Township as of this _____ day of ______________, 2025. (SEAL) KAREN J. CARNEVALE, Clerk of the Township of West Orange #95178364.1 168182.012

TOWNSHIP COUNCIL OF THE TOWNSHIP OF WEST ORANGE IN THE COUNTY OF ESSEX, NEW JERSEY CERTIFICATE OF SUPPLEMENTAL DEBT STATEMENT FOR BOND ORDINANCE I, the undersigned Clerk of the Township of West Orange, in the County of Essex, State of New Jersey (the “Township”), DO HEREBY CERTIFY, that the attached Supplemental Debt Statement was prepared, executed and sworn to by John Ditinyak, the Chief Financial Officer of the Township, as of March 25, 2025, that such Supplemental Debt Statement was filed in my office on or prior to March 25, 2025 and with the Director of the Division of Local Government Services in the New Jersey Department of Community Affairs on __________________ ____, 2025. KAREN J. CARNEVALE, Clerk of the Township of West Orange #95178364.1 168182.012

DOWN PAYMENT CERTIFICATE I, the undersigned Chief Financial Officer of the Township of West Orange, in the County of Essex, State of New Jersey (the “Township”), DO HEREBY CERTIFY that prior to final adoption of the bond ordinance entitled, “BOND ORDINANCE PROVIDING FOR VARIOUS 2025 CAPITAL ACQUISITIONS AND IMPROVEMENTS, BY AND IN THE TOWNSHIP OF WEST ORANGE, IN THE COUNTY OF ESSEX, STATE OF NEW JERSEY, APPROPRIATING $12,835,000 THEREFOR AND AUTHORIZING THE ISSUANCE OF $9,387,109 BONDS OR NOTES OF THE TOWNSHIP TO FINANCE PART OF THE COST THEREOF” there was available as a down payment for the improvements or purposes authorized by said bond ordinance the aggregate amount of $181,000, which Down Payments are now available from the Township’s Capital Improvement Fund by virtue of a provision or provisions in a previously adopted budget or budgets of the Township for down payment or capital improvement purposes. IN WITNESS WHEREOF, I have hereunto set my hand on behalf of the Township as of this _____ day of ________________, 2025. _________________________________ JOHN DITINYAK, Chief Financial Officer #95178364.1 168182.012

Filed State of New Jersey Department of Community Affairs Supplemental Debt Statement Local Government: West Orange Township Budget Year Ending Name: Title: Address: Prepared As Of: December 31 John Ditinyak (Month D-D) Phone: Email: 66 Main Street West Orange, NJ 07052 3/24/2025 2025 (Year) 973-325-4055 jditinyak@westorange.org N-895 CFO Cert #: John Ditinyak, Being duly sworn, deposes and says: Deponent is the Chief Financial Officer of West Orange Township here and in the statement hereinafter mentioned called the local unit. The Supplemental Debt Statement annexed hereto and hereby made a part hereof is a true statement of the debt condition of the local unit as of the date therein stated and is computed as provided by the Local Bond Law of New Jersey. Decrease Net Debt as per Annual Debt Statement Bonds and Notes for School Purposes Bonds and Notes for SelfLiquidating Purposes Other Bonds and Notes Increase (Since December 31, last past) Net Debt $0.00 $ $ $0.00 $0.00 $170,571,637.96 $ $4,092,536.00 $ $ $0.00 $166,479,101.96 2 Net Debt at the time of this statement is ……………………………………………………………………………………… $166,479,101.96 The amounts and purposes separately itemized of the obligations about to be authorized, and any deductions which may be made on account of each such item are: (see Note "C" below) Bond Ordinance Ordinance 2910-25 Purposes Multi-Purpose Bond Ordinance Amount $9,387,109.00 $9,387,109.00 Deduction $ $0.00 4 The net debt of the local unit determined by the addition of the net debt amounts stated in items 2 and 3 above is: 5 Equalized valuation basis (the average of the equalized valuations of real estate, including improvements and the assessed valuation of class II railroad property of the local unit for the last 3 preceding years) as stated in the Annual Debt Statement or the revision thereof last filed. Net $9,387,109.00 $9,387,109.00 $179,958,746.96 Year (1) 2022 (2) 2023 (3) 2024 Equalized Valuation Real Property with Improvements plus assessed valuation of Class II RR Property Equalized Valuation Real Property with Improvements plus assessed valuation of Class II RR Property Equalized Valuation Real Property with Improvements plus assessed valuation of Class II RR Property $7,039,551,266.00 $7,595,325,978.00 $8,484,167,363.00 6 Equalized Valuation Basis – Average of (1), (2) and

Valuation Real Property with Improvements plus assessed valuation of Class II RR Property $7,039,551,266.00 $7,595,325,978.00 $8,484,167,363.00 6 Equalized Valuation Basis – Average of (1), (2) and (3)………………………………………………… $7,706,348,202.33 7 Net Debt (Line 4 Above) expressed as a percentage of such equalized valuation basis (Line 6 above) is: 2.335% A B C Notes If authorization of bonds or notes is permitted by an exception to the debt limit, specify the particular paragraph of N.J.S.A. 40A:2-7 or other section of law providing such exception. This form is also to be used in the bonding of separate (not Type I) school districts as required by N.J.S.A. 18A:24-16, and filed before the school district election. In such case pages 3 and 4 should be completed to set forth the computation supporting any deduction in line 3 above. Only the account of bonds or notes about to be authorized should be entered. The amount of the "down payment" provided in the bond ordinance should not be included nor shown as a deduction.

COMPUTATION AS TO INDEBTEDNESS FOR IMPROVEMENT OR EXTENSION OF AN EXISTING MUNICIPAL PUBLIC UTILITY, N.J.S.A. 40A:2-7(h); NJSA 40A:2-47(a) 1. Annual Debt Statement, excess in revenues of utility 2. Less Interest and principal computed as provided in N.J.S.A. 40A:2-47(a) for all obligations authorized but not issued to the extent not already charged to income in the annual debt statement. 3. Excess revenue prior to authorizing proposed obligations = (column 1 minus column 2) 4. Interest and principal calculated for proposed obligations N.J.S.A. 40A:2-47(a) (a) Interest for one year at 4 1/2% (b) First installment of serial bonds legally issuable (c) Total charges (Items (a) and (b)) Municipal Public Utility 1 2 3 4(a) ADS Excess in Revenues of Utility Less Interest and Principal Excess Revenue Interest for One Year Note: If line 3 equals or exceeds line 4, obligations may be authorized under the provisions of N.J.S.A. 40A:2-7(h) as limited by N.J.S.A. 40A:2-47(a). Page 2 of 5 4(b) 1st Installment of Serial Bonds Legally Issuable 4(c) Total Charges

COMPUTATION OF SCHOOL INDEBTEDNESS AND DEDUCTIONS UNDER PROVISIONS OF N.J.S.A. 18A: 24-17 N.J.S.A. 18A:24-19 (Lines 1 to 7) 1 2 3 4 5 6 7 Average of equalized valuations (page 1, line 3) Gross School District Debt outstanding and authorized but not issued (not including proposed issue) Less: Sinking funds held for payment of School Debt, by Sinking Fund Commission Net debt for school purposes (line 2, minus line 3) Debt deduction for school purposes’ % (as per line below) (a) 2½% Kindergarten or Grade 1 through Grade 6 (b) 3 % Kindergarten or Grade 1 through Grade 8 (c) 3½% Kindergarten or Grade 1 through Grade 9 (d) 4 % Kindergarten or Grade 1 through Grade 12 Available debt deduction (excess, if any, of line 5 over line 4) School Bonds about to be authorized Note: Omit lines 8 to 13, if line 6 equals or exceeds line 7. or if shown on line 17 $7,706,348,202.33 % $ $ $0.00 $ $0.00 $ N.J.S.A. 18A:24-22 (Lines 8 to 13) 8 9 10 11 12 13 Excess of line 7 over line 6 Municipal Debt Limit (3½% of line 1 above) Net Debt Available Municipal Borrowing Margin (excess, if any, of line 9 over line 10) Use of Municipal Borrowing Margin (line 8 not exceeding line 11) Remaining Municipal Borrowing Margin after authorization of proposed School Bonds (line 11 minus line 12) Note: Omit lines 14 to 16, if line 11 equals or exceeds line 8, or if shown on line 17 $0.00 $269,722,187.08 $166,479,101.96 $103,243,085.12 $0.00 $103,243,085.12 N.J.S.A. 18A:24-24 (lines 14 to 16) 14 15 Amount of line 7 Amount of Deduction: 16 Excess of line 14 over line 15 Page 3 of 5 (a) Amount of line 6 (b) Amount of line 11 Total $ $0.00 $103,243,085.12 $103,243,085.12 $0.00

Computation of Regional School Indebtedness 1 2 Average Equalized Valuations 40A:2-43 Municipality Totals Page 4 of 5 Amount 3 Apportionment of Previous Bonds Issued or Authorized Percentage % % 4 5 Amount Apportionment of Proposed Bond Issue Total Apportionment of Previous Bonds Issued or Authorized plus Apportionment Proposed Bond Issue (Column 3 plus 4)

SPECIAL DEBT STATEMENT BORROWING POWER AVAILABLE UNDER N.J.S.A. 40A:2-7(f) 1 2 3 4 Amount of accumulated debt incurring capacity under RS 40:1-16(d) as shown on the latest Annual Debt Statement. Obligations heretofore authorized in excess of debt limitation and pursuant to: (a) N.J.S.A. 40A:2-7(d) (b) N.J.S.A. 40A:2-7(f) (c) N.J.S.A. 40A:2-7(g) Total Available debt incurring capacity (N.J.S.A. 40A:2-7(f)) Obligations about to be authorized pursuant to N.J.S.A. 40A :2-7(f) (If item 3 equals or exceeds item 4, obligations may be authorized) $ $ $ $ $0.00 $ $ BORROWING POWER AVAILABLE UNDER N.J.S.A. 40A:2-7(g) 1 2 Total appropriations made in local unit budget for current fiscal year for payment of obligations of local unit included in Annual Debt Statement or revision thereof last filed as of preceding December 31, 2024 Less the amount of such obligations which constitute utility and assessment obligations: 3 Excess of item 1 over item 2: 4 Amount raised in the tax levy of the current fiscal year by the local unit for the payment of bonds or notes of any school district 5 Amount equal to 2/3 of the sum of item 3 and item 4 6 (a) Amount of obligations heretofore authorized under N.J.S.A. 40A:2-7(g) in current fiscal year (b) Amount of authorizations included in 6(a) which were heretofore repealed (c) Excess of item 6(a) over item 6(b) 7 Excess of item 5 over item 6(c) 8 Obligations about to be authorized 9 Borrowing capacity still remaining after proposed authorization (item 7 less item 8) (If item 7 equals or exceeds item 8, obligations may be authorized) Page 5 of 5 $ $ $0.00 $ $0.00 $ $ $0.00 $0.00 $ $0.00

2911-25 CAPITAL ORDINANCE APPROPRIATING $1,000,000 TO PAY FOR VARIOUS IMPROVEMENTS AND UPGRADES TO THE OSKAR SCHINDLER PERFORMING ARTS CENTER, IN AND FOR THE TOWNSHIP OF WEST ORANGE, IN THE COUNTY OF ESSEX, STATE OF NEW JERSEY WHEREAS, the Township of West Orange, in the County of Essex, State of New Jersey (the “Township”), wishes to undertake capital improvements consisting of various improvements and upgrades to (i) the Oskar Schindler Performing Arts Center, including, but not limited to, the installation of a sound system for the amphitheater, a shed, the installation of ADA accessible seating, and the installation of safety lighting on Deleted: bleachers the building, stage flooring and security cameras , and (ii) Crystal Lake, including, but not limited to, the construction of two floating docks (the “Capital Improvements”); and WHEREAS, the cost of said Capital Improvements is estimated to be $1,000,000; and WHEREAS, the Township has received or expects to receive a New Jersey Department of Community Affairs Grant – Coronavirus State Fiscal Recovery Fund in the amount of $1,000,000 (the “NJDCA Grant”) to undertake the Capital Improvements; and WHEREAS, the Township Council desires to authorize the appropriation and expenditure of the NJDCA Grant in order to undertake the aforesaid Capital Improvements. BE IT ORDAINED AND ENACTED BY THE TOWNSHIP COUNCIL OF THE TOWNSHIP OF WEST ORANGE, IN THE COUNTY OF ESSEX, STATE OF NEW #95178331.1 168182.012 Deleted: re Deleted: an asphalt pathway around the lake and retrofitting certain storm drain inlets along drains in the vicinity of the lake