AGENDA
LOCAL FINANCE BOARD
DATE: Wednesday, June 11, 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:9-22.1 et seq.
Local Government Ethics Law
IV.
Applications:
** THE
FOLLOWING NINETEEN (19) APPLICATIONS WILL BE CONSIDERED ON A CONSENT AGENDA**
10:00 am #1 Chesterfield Township
Burlington - NJSA
40A:2-26(e)
$1,274,000 Proposed
Non-Conforming Maturity Schedule
NJSA 58:11B-9(a)
$1,274,000 Proposed
Environmental Infrastructure Trust Program
#2 Long Beach Township
Ocean - NJSA 40A:2-26(e)
$2,400,000 Proposed
Non-Conforming Maturity Schedule
NJSA 58:11B-9(a)
$2,400,000 Proposed
Environmental Infrastructure Trust Program
#3 Harrison Township
Gloucester - NJSA
58:11B-9(a)
$2,502,975 Proposed
Environmental Infrastructure Trust Program
NJSA 40A:2-26(e)
$2,502,975 Proposed
Non-Conforming Maturity Schedule
#4 Camden City
Camden - NJSA
40A:2-26(e)
$31,470,000 Proposed
Non-Conforming Maturity Schedule
NJSA 40A:3-1
$31,470,000 Proposed
Qualified Bond Ordinance
NJSA 58:11B-9(a)
$31,470,000 Proposed
Environmental Infrastructure Trust Program
Page 2 of 8
#5 Barrington Borough
Camden - NJSA
58:11B-9(a)
$1,050,000 Proposed
Environmental Infrastructure Trust Program
NJSA 40A:2-26(e)
$1,050,000 Proposed
Non-Conforming Maturity Schedule
#6 Burlington County
Burlington - NJSA
58:11B-9(a)
$18,160,000 Proposed
Environmental Infrastructure Trust Program
NJSA 40A:2-26(e)
$18,160,000 Proposed
Non-Conforming Maturity Schedule
#7 Rahway Valley Sewerage Authority
Union - NJSA 40A:5A-6
$25,427,541 Proposed
Project Financing
NJSA 58:11B-9(a)
$25,427,541 Proposed
Environmental Infrastructure Trust Program
#8 Montville Township
Morris - NJSA
58:11B-9(a)
$880,000 Proposed
Environmental Infrastructure Trust Program
NJSA 40A:2-26(e)
$880,000 Proposed
Non-Conforming Maturity Schedule
#9 Edison Township
Middlesex - NJSA 58:11B-9(a)
$1,125,000 Proposed
Environmental Infrastructure Trust Program
NJSA 40A:2-26(e)
$1,125,000 Proposed
Non-Conforming Maturity Schedule
#10 Clinton Township Sewerage Authority
Hunterdon - NJSA
40A:5A-6
$625,000 Proposed
Project Financing
NJSA 58:11B-9(a)
$625,000 Proposed
Environmental Infrastructure Trust Program
#11 Trenton City
Mercer - NJSA
58:11B-9(a)
$8,610,000 Proposed
Environmental Infrastructure Trust Program
NJSA 40A:2-26(e)
$8,610,000 Proposed
Non-Conforming Maturity Schedule
#12 Hawthorne Borough
Passaic - NJSA 40A:2-11
$2,800,000 Proposed
Waiver of Down Payment
NJSA 40A:2-26(e)
$2,800,000 Proposed
Non-Conforming Maturity Schedule
NJSA 58:11B-9(a)
$2,800,000 Proposed
Environmental Infrastructure Trust Program
Page 3 of 8
#13 Millville City
Cumberland - NJSA
40A:2-26(e)
$4,400,000 Proposed
Non-Conforming Maturity Schedule
NJSA 58:11B-9(a)
$4,400,000 Proposed
Environmental Infrastructure Trust Program
#14 Bridgeton City
Cumberland - NJSA
40A:2-26(e)
$2,500,000 Proposed
Non-Conforming Maturity Schedule
NJSA 58:11B-9(a)
$2,500,000 Proposed
Environmental Infrastructure Trust Program
#15 Glen Ridge Borough
Essex - NJSA 40A:2-11
$1,220,000 Proposed
Waiver of Down Payment
NJSA 58:11B-9(a)
$1,220,000 Proposed
Environmental Infrastructure Trust Program
NJSA 40A:2-26(e)
$1,220,000 Proposed
Non-Conforming Maturity Schedule
#16 Readington Township
Hunterdon - NJSA
58:11B-9(a)
$310,000 Proposed
Environmental Infrastructure Trust Program
NJSA 40A:2-11
$310,000 Proposed Waiver
of Down Payment
NJSA 40A:2-26(e)
$310,000 Proposed
Non-Conforming Maturity Schedule
#17 Cape May City
Cape May - NJSA 58:11B-9(a)
$5,160,000 Proposed
Environmental Infrastructure Trust Program
NJSA 40A:2-26(e)
$5,160,000 Proposed
Non-Conforming Maturity Schedule
#18 Paterson City
Passaic - NJSA
58:11B-9(a)
$10,942,000 Proposed
Environmental Infrastructure Trust Program
NJSA 40A:2-26(e)
$10,942,000 Proposed
Non-Conforming Maturity Schedule
#19 Camden County Municipal Utilities Authority
Camden - NJSA 40A:5A-6
$5,450,000 Proposed
Project Financing
NJSA 58:11B-9(a)
$5,450,000 Proposed Environmental
Infrastructure Trust Program
10:15 am (Old Business)
Essex County
Improvement Authority
Essex - NJSA 40A:5A-6
$14,000,000 Proposed
Project Financing
Page 4 of 8
10:20 am Salem City
Salem - NJSA 40A:2-26(e)
$854,000 Proposed
Non-Conforming Maturity Schedule
10:25 am Hopatcong Borough
Sussex - NJSA
40A:2-26(e)
$15,822,000 Proposed
Non-Conforming Maturity Schedule
NJSA 40A:2-11
$9,040,000 Proposed
Waiver of Down Payment
NJSA 40A:2-46
$15,822,000 Proposed
Self Liquidating Status
10:30
am Barnegat Township Board
of Education
Ocean - NJSA
18A:24-61.5(1)
$11,500,000 Proposed
School Refunding Bonds
10:35
am Andover Regional School
District Board of Education
Sussex - NJSA
18A:24-61.5(1)
$8,750,000
Proposed School Refunding Bonds
10:37 am (Old Business)
Tabernacle
Township Board of Education
Burlington
– NJSA 18A:24-61.5(1)
$5,500,000
Proposed School Refunding Bonds
10:40
am Hoboken City
Hudson - NJSA 40A:2-51
$8,250,000 Proposed
Refunding Bond Ordinance (ERI)
10:45
am Mount Laurel Township
Board of Education
Burlington - NJSA
18A:24-61.5(1)
$24,950,000 Proposed
School Refunding Bonds
10:50 am Eastern Camden County Regional School
District
Camden - NJSA 18A:24-7
$8,457,000 Proposed
Non-Conforming Maturity Schedule
10:55 am Lindenwold Borough Board of Education
Camden - NJSA
18A:24-61.5(1)
$1,550,000 Proposed
School Refunding Bonds (ERI)
11:00 am Waterford Township Board of Education
Camden - NJSA
18A:24-61.5(1)
$790,000 Proposed School
Refunding Bonds (ERI)
11:05 am Gloucester County Improvement Authority
Gloucester - NJSA
40:37A-80
$1,250,000Proposed
County Guarantee
NJSA 40A:5A-6
$1,250,000 Proposed
Project Financing
11:10 am Gloucester County Improvement Authority
Gloucester - NJSA
40A:5A-6
$3,400,000 Proposed
Project Financing
NJSA 40:37A-80
$3,400,000 Proposed
County Guarantee
Page 5 of 8
11:15 am Gloucester County Improvement Authority
Gloucester - NJSA
40:37A-80
$2,500,000 Proposed County
Guarantee
NJSA 40A:5A-6
$2,500,000 Proposed
Project Financing
11:20 am Burlington County
Burlington - NJSA
40A:2-51
$50,000,000 Proposed
Refunding Bond Ordinance
11:25 am Mercer County Improvement Authority
Mercer - NJSA 40A:5A-6
$14,310,000 Proposed
Project Financing
NJSA 40A:5A-7
$14,310,000 Proposed
Security Agreement
NJSA 40A:2-26(e)
$14,310,000 Proposed Non-Conforming Maturity Schedule
11:30 am Mercer County Improvement Authority
Mercer - NJSA 40A:5A-7
$5,000,000 Proposed
County Guarantee
NJSA 40A:5A-6
$5,000,000 Proposed
Project Financing
11:35 am Atlantic County Utilities Authority
Atlantic - NJSA 40A:5A-6
$12,500,000 Proposed
Project Financing
11:40
am Avalon Borough
Cape May - NJSA 40A:2-51
$2,400,000 Proposed
Refunding Bond Ordinance
11:43 am Hamilton Township
Board of Education
Atlantic
– NJSA 18A:24-7
$15,865,000
Proposed Non-Conforming Maturity Schedule
NJSA
18A:24-61.5
$22,000,000
Proposed School Refunding Bonds
11:45 am Carteret Borough
Middlesex - NJSA
40A:2-51
$2,800,000 Proposed
Refunding Bond Ordinance
11:50 am Fair Lawn Borough Board of Education
Bergen - NJSA 18A:24-61.5(1)
$2,300,000 Proposed
School Refunding Bonds
11:55 am Sussex County
Sussex - NJSA
40A:2-26(e)
$12,596,000 Proposed
Non-Conforming Maturity Schedule
12:00 pm Wayne Township
Passaic - NJSA 40A:2-51
$13,850,000 Proposed
Refunding Bond Ordinance
Page 6 of 8
12:05 pm Totowa Borough Board of Education
Passaic - NJSA 18A:24-7
$8,702,000 Proposed
Non-Conforming Maturity Schedule
12:10 pm Little Ferry Borough
Bergen - NJSA 40A:2-51
$1,950,000 Proposed
Refunding Bond Ordinance
12:15 pm West Orange Township Board of Education
Essex - NJSA 18A:24-7
$38,696,000 Proposed
Non-Conforming Maturity Schedule
12:20 pm Belmar
Borough Board of Education
Monmouth - NJSA
18A:24-61.5(1)
$545,000 Proposed School
Refunding Bonds (ERI)
12:25 pm Absecon City Board of Education
Atlantic - NJSA 18A:24-7
$2,442,000 Proposed
Non-Conforming Maturity Schedule
12:30
pm Two Rivers Water
Reclamation Authority
Monmouth - NJSA 40A:5A-6
$10,525,000 Proposed
Project Financing
1:00 pm Princeton Borough
Mercer - NJSA
40A:2-26(e)
$13,700,000 Proposed
Non-Conforming Maturity Schedule
1:05 pm Perth Amboy City
Middlesex - NJSA 40A:3-1
$7,097,360 Proposed
Qualified Bond Ordinances
NJSA 40A:2-51
$2,170,000 Proposed
Refunding Bond Ordinance (ERI)
NJSA 40A:2-51
$927,360
Proposed Refunding Bond Ordinance (Tax Appeal)
NJSA 40A:2-26(e)
$4,000,000 Proposed
Non-Conforming Maturity Schedule
NJSA 58:11B-9(a)
$4,000,000 Proposed Environmental Infrastructure
Trust Program
1:10 pm Lower Township Municipal Utilities Authority
Cape May - NJSA 40A:5A-6
$5,500,000 Proposed
Project Financing
1:15 pm Salem County Improvement Authority
Salem - NJSA
40:37A-54(1)
$26,000,000 Proposed
Project Financing
1:20 pm Bergen County Improvement Authority
Bergen - NJSA 40A:5A-6
$40,000,000 Proposed
Project Financing
NJSA 40A:5A-7
$40,000,000 Proposed
County Guarantee
Page 7 of 8
1:25
pm Lindenwold Borough Fire
District #1
Camden - NJSA 40A:5A-6
$791,679 Proposed
Project Financing
1:30 pm Middlesex County
Improvement Authority
Middlesex - NJSA
40A:5A-6
$65,000,000 Proposed
Project Financing
NJSA 40:37A-54(1)
$65,000,000 Proposed
Project Financing
1:35 pm Newark City
Essex - NJSA 40A:2-26(e)
$90,000,000 Proposed
Non-Conforming Maturity Schedule
Essex - NJSA 40A:3-1
$90,000,000 Proposed
Qualified Bond Ordinance
1:40
pm Union County Improvement
Authority
Union - NJSA 40A:5A-7
$6,500,000 Proposed
Municipal Agreement
NJSA 40A:5A-6
$6,500,000 Proposed
Project Financing
1:45
pm Union County Improvement
Authority
Union - NJSA 40A:5A-6
$18,000,000 Proposed
Project Financing
NJSA 40A:5A-7
$18,000,000 Proposed
Deficiency Agreement
1:50 pm Morris County
Improvement Authority
Morris - NJSA 40A:5A-6
$30,000,000 Proposed
Project Financing
(Pooled
Program Bonds)
NJSA 40A:5A-6
$10,500,000 Proposed
Project Financing
(Lease
Revenue Bonds)
NJSA 40:37A-80
$30,000,000 Proposed
Municipal Guarantees
NJSA 18A:24-9.1
$19,500,000 Proposed
Redemption Provision
(Washington
Township Board of Education)
NJSA 18A:24-7
$19,500,000 Proposed
Non-Conforming Maturity Schedule
(Washington
Township Board of Education)
1:55 pm Bloomfield Township
Essex - NJSA 40A:5A-4
Proposed Creation of
Parking Authority
2:00 pm (Old Business)
Bernards Township Board
of Education
Somerset - NJSA
18A:24-61.5(1)
$27,965,000 Proposed
Extension of Previously Approved School Refunding
Page 8 of 8
2:10 pm Haledon Borough
Passaic - NJSA
40A:2-7(d)
$280,000 Proposed
Extension of Credit
NJSA 40A:2-51
$280,000 Proposed
Refunding Bond Ordinance
2:15 pm Haledon Borough
Passaic - NJSA 40A:5A-25
Proposed Rate Water
Increase
2:20 pm Hazlet Township
Monmouth - NJSA 40A:2-46
$3,310,000 Proposed
Self-Liquidating Status
NJSA 40A:2-7(d)
$3,310,000 Proposed
Extension of Credit
NJSA 40A:5A-20
$3,310,000 Proposed
Dissolution of Sewerage Authority
NJSA 40A:45.13
$3,310,000 Proposed
Assumption of Services
2:25 pm Irvington Township
Essex - NJSA 40A:2-51
$90,000,000 Proposed
Refunding Bond Ordinance
NJSA
40A:3-1
$90,000,000
Proposed Qualified Bond Ordinance
2:30 pm Division of Local Government Services
State - NJAC 5:30-14.63
Emergency Services
Volunteer Length of Service Award Program
Proposed Adoption
of New Rules
NJAC 5:30-14.49
Proposed Adoption of
Amendment
2:35
pm Lakewood Airport Authority
Ocean - NJSA 40:68A-43.1
Proposed Approval of
Authority Budget
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.
SUPPLEMENTAL AGENDA
LOCAL FINANCE BOARD
DATE: Wednesday, June 11, 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:9-22.1 et seq.
Local Government Ethics Law
IV.
Applications:
11:27 (Old Business)
Mercer
County Improvement Authority
Mercer
– NJSA 40A:5A-6
$22,500,000
Proposed Project Financing
NJSA
40A:5A-7
$22,500,000
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.