LOCAL FINANCE
BOARD
DATE: Wednesday, February 19, 2003 LOCATION: Department of Community
Affairs
Conference Room #129
101 South Broad Street
Trenton, New Jersey
08625-0803
TIME:
9:15 a.m.
I.
Roll Call
II.
Certification of Public Notice
III.
Local Finance Board
State - NJSA 40A:9-22
Local Government Ethics Law
IV.
Applications:
9:55 am Mercer County
Mercer - NJSA
40A:2-26(e)
$15,000,000 Proposed
Non-Conforming Maturity Schedule
10:00 am Mercer County
Mercer - NJSA 40A:2-51
$27,500,000 Proposed
Refunding Bond Ordinance
10:05 am Passaic County
Passaic - NJSA 40A:2-51
$44,785,000 Proposed
Refunding Bond Ordinance
10:10
am City of Union City
Hudson - NJSA 40A:3-1
$3,300,000 Proposed
Qualified Bond Ordinance
NJSA
40A:2-11
$3,300,000
Proposed Waiver of Down Payment
NJSA 40A:2-26(e)
$3,300,000
Proposed Non-Conforming Maturity Schedule
NJSA
40A:3-1
$1,500,000
Proposed Qualified Bond Ordinance
Page 2 of 7
NJSA
40A:2-11
$1,500,000
Proposed Waiver of Down Payment
NJSA
40A:3-1
$2,000,000
Proposed Qualified Bond Ordinance
NJSA
40A:2-11
$2,000,000
Proposed Waiver of Down Payment
10:15
am Sussex County Municipal Utilities
Authority
NJSA
40A:5A-6
$41,000,000
Proposed Project Financing
10:20 am Rochelle Park Board of Education
Bergen - NJSA
18A:24-61.5(1)
$280,000 Proposed School
Refunding Bonds (ERI)
10:25 am Woodbridge Township
Middlesex - NJSA
40A:2-51
$4,915,000 Proposed
Refunding Bond Ordinance (ERI)
10:30 am Lakewood Township
Ocean - NJSA 40A:2-51
$2,800,000 Proposed
Refunding Bond Ordinance
10:35 am Point Pleasant Borough Board of Education
Ocean - NJSA 18A:24-7
$10,453,000 Proposed
Non-Conforming Maturity Schedule
10:40 am Toms River Regional
Board of Education
Ocean - NJSA 18A:24-7
$27,244,000 Proposed
Non-Conforming Maturity Schedule
10:45 am Lawrence Township Board
of Education
Mercer - NJSA 18A:24-7
$27,564,000 Proposed
Non-Conforming Maturity Schedule
10:50 am Little Egg Harbor
Township
Ocean - NJSA 40A:2-11
$355,000 Proposed Waiver
of Down Payment
10:55 am Mercer County
Improvement Authority
Mercer - NJSA 40A:5A-6
$4,500,000 Proposed
Project Financing
NJSA 40A:5A-7
$4,500,000 Proposed
County Guarantee
Page 3 of 7
11:00 am Mercer County
Improvement Authority
Mercer - NJSA 40A:5A-6
$8,250,000 Proposed
Project Financing
NJSA 40A:5A-7
$8,250,000 Proposed
Municipal Guarantee
NJSA 18A:20-4.2(f)
$8,250,000 Proposed Lease
Purchase Agreement
11:05 am Camden County
Camden - NJSA 40A:2-51
$12,750,000 Proposed
Refunding Bond Ordinance (ERI)
11:10 am Camden County
Improvement Authority
Camden
- NJSA
40A:5A-6
$39,500,000 Proposed
Project Financing
NJSA 40:37A-80
$39,500,000 Proposed
County Guarantee
11:15 am Stafford Township
Ocean - NJSA 40A:2-51
$1,100,000 Proposed Refunding Bond
Ordinance (ERI)
11:20
am Weehawken Township Board of
Education
Hudson - NJSA
18A:24-61.5(1)
$2,100,000 Proposed
School Refunding Bonds (ERI)
11:25 am Rumson Borough Board of
Education
Monmouth - NJSA 18A:24-7
$6,282,000 Proposed
Non-Conforming Maturity Schedule
11:30 am Lakewood Township Board of Education
Ocean - NJSA
18A:24-61.5(1)
$2,500,000 Proposed
School Refunding Bonds (ERI)
11:35 am Northfield City Board of
Education
Atlantic - NJSA
18A:24-61.5(1)
$500,000 Proposed School
Refunding Bonds (ERI)
11:40 am Red Bank Borough Board
of Education
Monmouth - NJSA
18A:24-61.5(1)
$1,700,000 Proposed
School Refunding Bonds (ERI)
Page 4 of 7
11:45 am Montclair Township
Essex - NJSA 40A:2-26(e)
$10,016,000 Proposed
Non- Conforming Maturity Schedule
11:50 am Cumberland County
Cumberland - NJSA
40A:2-51
$1,670,000 Proposed
Refunding Bond Ordinance (ERI)
11:55 am Estell Manor City Board
of Education
Atlantic - NJSA 18A:24-7
$1,118,000 Proposed
Non-Conforming Maturity Schedule
12:00 pm Morris School District
Morris - NJSA
18A:24-61.5(1)
$2,800,000 Proposed
School Refunding Bonds
12:05 pm Paterson City
Passaic - NJSA 40A:2-51
$13,152,000 Proposed
Refunding Bond Ordinance (ERI)
12:10 pm Montclair Township
Parking Authority
Essex - NJSA 40A:5A-6
$8,000,000 Proposed
Project Financing
NJSA 40A:5A-7
$8,000,000 Proposed
Township Guarantee
12:13 pm (Old Business)
City
of Trenton
Mercer
– NJSA 40A:3-1
$500,000
Proposed Supplemental Appropriation Bond Ordinance (ERI)
NJSA
40A:2-51 (b)
$500,000
Proposed Supplemental Appropriation Bond Ordinance (ERI)
12:15 pm Oradell Borough Board of Education
Bergen - NJSA
18A:24-61.5(1)
$270,000 Proposed School
Refunding Bonds (ERI)
12:20 pm West New York
Town
Hudson - NJSA 40A:2-51
$440,000 Proposed
Refunding Bond Ordinance
12:25 pm Rahway City Parking Authority
NJSA 40A:5A-6
$6,000,000 Proposed
Project Financing
Union - NJSA 40A:5A-7
$6,000,000 Proposed
Municipal Guarantee
Page 5 of 7
12:30 pm Manchester Township
Board of Education
Ocean - NJSA
18A:24-61.5(1)
$900,000 Proposed School
Refunding Bonds (ERI)
12:35 pm (Old Business)
Ewing
Township Board of Education
Mercer - NJSA
18A:24-61.5(1)
$23,290,000 Proposed Revised
Amortization Schedule
12:40 pm City of Jersey City
Hudson – NJSA 40A:2-51
$18,000,000 Proposed Refunding Bond Ordinance (ERI)
NJSA 40A:3-1
$18,000,000 Proposed Qualified Bond Ordinance
12:45 pm Hudson County
Hudson - NJSA 40A:2-51
$5,150,000 Proposed
Refunding Bond Ordinance (ERI)
12:50 pm Hoboken City
Hudson - NJSA 40A:2-51
$8,250,000 Proposed
Refunding Bond Ordinance (ERI)
12:55 pm Shamong Township Board
of Education
Burlington - NJSA
18A:24-7
$5,498,000 Proposed
Non-Conforming Maturity Schedule
1:00 pm Bellmawr Borough Board
of Education
Camden - NJSA
18A:24-61.5(1)
$595,000 Proposed School
Refunding Bonds (ERI)
1:05 pm Bergen County Improvement
Authority
Bergen - NJSA 40A:5A-6
$35,000,000 Proposed
Project Financing
NJSA 40A:5A-7
$35,000,000 Proposed
County Guarantee
NJSA
18A:24-61.5
Proposed
School Refunding Bonds (ERI)
$1,385,000 Palisades Park Borough Board
of Education
$3,255,000 North Arlington Borough
Board of Education
$3,655,000 Englewood City Board of
Education
$930,000 Allendale Borough Board of
Education
Page 6 of 7
NJSA 40A:2-51
Proposed
Refunding Bond Ordinance (ERI)
$2,910,000 County of Bergen
$1,105,000 County of Bergen
$10,285,000 County of Bergen
$420,000 West Paterson Borough
$420,000 Palisades Park Borough
$355,000 Wanaque Borough
$960,000 North Arlington Borough
$470,000 Fairview Borough
$915,000 Englewood Cliffs Borough
$1,430,000 Elmwood Park Borough
$975,000 Dumont Borough
$725,000 Bogota Borough
$1,105,000 Edgewater Borough
$1,050,000 Hackensack City
1:10 pm Union County Improvement
Authority
Union - NJSA 40A:5A-6
$23,000,000 Proposed
Project Financing (ERI)
(Pooled
Early Retirement Incentive)
NJSA
40A:5A-6
Proposed
Project Financing (ERI)
$945,000 Elizabeth City Housing
Authority
NJSA 40A:2-51
Proposed Refunding Bond
Ordinance (ERI)
$12,975,000 Union County
$175,000
Roselle Borough
$985,000 Westfield Town
$700,000 Union Township
NJSA 18A:24-61.5(1)
Proposed School
Refunding Bonds (ERI)
$3,020,000 Rahway City Board of
Education
1:15 pm Newark
City
Essex - NJSA 40A:3-1
$40,750,000 Proposed
Qualified Bond Ordinance
NJSA 40A:2-51
$40,750,000 Proposed Refunding Bond
Ordinance (ERI)
1:20 pm Penns Grove Borough
Salem - NJSA 40A:5A-4
Proposed Creation of a
Redevelopment Agency
Page 7 of 7
1:25 pm Essex
County Improvement Authority
Essex – NJSA 40A:5A-6
$50,000,000 Proposed
Project Financing
NJSA 40A:5A-6
$25,000,000 Proposed
Project Financing
NJSA 40:37A-80
$75,000,000 Proposed
County Guarantee
Patricia Parkin McNamara
Executive Secretary
Local Finance Board
Representatives of the News Media with a desire
for further information regarding this Agenda,
please follow DCA policy and contact E.J.
Miranda, Department of Community Affairs Public
Information Officer, (609) 292-6055.