AGENDA
LOCAL FINANCE BOARD
DATE: Wednesday, July 16, 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:
**THE FOLLOWING TWELVE (12) APPLICATIONS WILL BE CONSIDERED
ON A CONSENT AGENDA**
10:00
am #1 North Jersey District
Water Supply Commission
Passaic - NJSA
58:11B-9(a)
$11,961,350 Proposed
Environmental Infrastructure Trust Program (Wanaque South Project)
NJSA 58:11B-9(a)
$3,538,650 Proposed
Environmental Infrastructure Trust Program (Wanaque North Project)
#2 Island Heights Borough
Ocean - NJSA 40A:2-46
$455,000 Proposed Self
Liquidating Status
NJSA 58:11B-9(a)
$455,000 Proposed Environmental Infrastructure Trust Program
NJSA 40A:2-26(e)
$455,000 Proposed
Non-Conforming Maturity Schedule
#3 Beachwood Borough
Ocean - NJSA 40A:2-26(e)
$600,000 Proposed
Non-Conforming Maturity Schedule
NJSA 58:11B-9(a)
$600,000 Proposed
Environmental Infrastructure Trust Program
#4 Lebanon Township
Hunterdon - NJSA
40A:2-11
$800,000 Proposed Waiver
of Down Payment
NJSA 40A:2-26(e)
$800,000 Proposed
Non-Conforming Maturity Schedule
NJSA 58:11B-9(a)
$800,000 Proposed Environmental
Infrastructure Trust Program
Page 2 of 7
#5 Cranford Township
Union - NJSA 40A:2-26(e)
$2,250,000 Proposed
Non-Conforming Maturity Schedule
NJSA 58:11B-9(a)
$2,250,000 Proposed
Environmental Infrastructure Trust Program
#6 New Brunswick City
Middlesex - NJSA
58:11B-9(a)
$4,983,500 Proposed
Environmental Infrastructure Trust Program
Middlesex - NJSA
40A:2-26(e)
$4,983,500 Proposed
Non-Conforming Maturity Schedule
#7 Lambertville Sewerage Authority
Hunterdon - NJSA
58:11B-9(a)
$1,400,000 Proposed
Environmental Infrastructure Trust Program
NJSA 40A:5A-6
$1,400,000 Proposed
Project Financing
#8 Mount Laurel Township Municipal Utilities Authority
Burlington - NJSA
58:11B-9(a)
$1,300,000 Proposed
Environmental Infrastructure Trust Program
NJSA 40A:5A-6
$1,300,000 Proposed
Project Financing
#9 New Jersey Water Supply Authority
Hunterdon - NJSA
58:11B-9(a)
$975,000 Proposed Environmental
Infrastructure Trust Program
#10 Runnemede Borough Sewerage Authority
Camden - NJSA
58:11B-9(a)
$715,000 Proposed
Environmental Infrastructure Trust Program
NJSA 40A:5A-6
$715,000 Proposed
Project Financing
#11 Merchantville
- Pennsauken Water Commission
Camden - NJSA 40A:5A-6
$765,000 Proposed
Project Financing
Camden - NJSA
58:11B-9(a)
$765,000 Proposed
Environmental Infrastructure Trust Program
#12 Old Bridge Municipal
Utilities Authority
Middlesex - NJSA 58:11B-9(a)
$9,000,000 Proposed
Environmental Infrastructure Trust Program
NJSA 40A:5A-6
$9,000,000 Proposed
Project Financing
10:15 am Tewksbury
Township
Hunterdon - NJSA
40A:2-11
$4,000,000 Proposed Waiver of Down
Payment
10:20 am Warren County
Warren - NJSA 40A:2-51
$25,000,000 Proposed
Refunding Bond Ordinance
Page 3 of 7
10:25 am Marlboro Township Municipal Utilities Authority
Monmouth - NJSA 40A:5A-7
$5,600,000 Proposed
Service Agreement
NJSA 40A:5A-6
$5,600,000 Proposed Project
Financing
10:30 am Morristown Parking Authority
Morris - NJSA 40A:5A-6
$10,500,000 Proposed
Project Financing
10:35 am Leonia Borough Board of Education
Bergen - NJSA 18A:24-7
$12,459,000 Proposed
Non-Conforming Maturity Schedule
NJSA 18A:24-9.1
$12,459,000 Proposed
Redemption Provision
10:40 am Carlstadt Borough
Bergen - NJSA 40A:2-51
$3,650,000 Proposed
Refunding Bond Ordinance
10:45 am Warren Township Sewerage Authority
Somerset - NJSA 40A:5A-6
$5,500,000 Proposed
Project Financing
10:50 am Passaic County
Passaic - NJSA
40A:2-26(e)
$11,977,000 Proposed
Non-Conforming Maturity Schedule
10:55
am Mansfield Township
Warren - NJSA 40A:
2-26(e)
$2,284,000 Proposed
Non-Conforming Maturity Schedule
11:00 am Mansfield Township
Warren - NJSA 40A: 2-51
$650,000 Proposed
Refunding Bond Ordinance
11:05 am Bergen County Improvement Authority
Bergen - NJSA 40A:5A-6
$3,000,000 Proposed
Project Financing
NJSA 40A:5A-6
$11,000,000 Proposed
Project Financing
NJSA 40A:5A-6
$8,000,000 Proposed
Project Financing
NJSA 40A:5A-7
$25,000,000 Proposed
County Guarantee
NJSA 40A:5A-6
$15,500,000 Proposed Project
Financing
11:10 am Bergen County
Bergen - NJSA
40A:2-26(e)
$32,656,000 Proposed
Non-Conforming Maturity Schedule
11:15 am Bergen County
Bergen - NJSA 40A:2-51
$17,500,000 Proposed
Refunding Bond Ordinance
Page
4 of 7
11:20 am Magnolia Borough
Camden - NJSA
40A:2-26(e)
$1,769,000 Proposed
Non-Conforming Maturity Schedule
11:25 am Merchantville Borough Board of Education
Camden - NJSA
18A:24-61.5(1)
$2,975,000 Proposed
School Refunding Bonds
11:30 am
Hainesport Township Board of Education
Burlington - NJSA
18A:24-61.5(1)
$5,300,000 Proposed
School Refunding Bonds
11:35 am Camden County Improvement Authority
Camden - NJSA 40A:5A-6
$20,000,000 Proposed
Project Financing
NJSA 40:37A-80
$20,000,000 Proposed
County Guarantee
11:40 am Bordentown Regional School District
Burlington - NJSA
18A:24-61.5(1)
$4,000,000 Proposed
School Refunding Bonds
11:45 am Clayton Borough Board of Education
Gloucester - NJSA
18A:24-61.5(1)
$5,600,000 Proposed
School Refunding Bonds
11:50 am Camden County
Camden - NJSA 40A:2-51
$37,500,000 Proposed
Refunding Bond Ordinance
11:55 am Bordentown Sewerage Authority
Burlington - NJSA
40A:5A-6
$13,000,000 Proposed
Project Financing
NJSA 40A:5A-7
$13,000,000 Proposed
Security Agreement
12:00 am Monmouth County Improvement Authority
Monmouth - NJSA 40A:5A-6
$15,000,000 Proposed
Project Financing
12:05 am Sussex County
Sussex - NJSA 40A:2-51
$5,300,000 Proposed
Refunding Bond Ordinance
12:10 pm
North Hudson Sewerage Authority
Hudson - NJSA 40A:5A-6
$85,000,000 Proposed
Project Financing
12:15 pm Buena Borough Municipal Utilities Authority
Atlantic - NJSA 40A:5A-6
$6,500,000 Proposed
Project Financing
12:20
pm Berkeley Township
Municipal Utilities Authority
Ocean - NJSA 40A:5A-6
$7,100,000 Proposed
Project Financing
12:25 pm Hackettstown Municipal Utilities Authority
Warren - NJSA 40A:5A-6
$2,315,000 Proposed
Project Financing
Page 5 of 7
12:30 pm Passaic Valley Water Commission
Passaic - NJSA 40A:5A-6
$35,880,000 Proposed
Project Financing
1:00 pm Kenilworth Borough Board of Education
Union - NJSA
18A:24-61.5(1)
$425,000 Proposed School
Refunding Bonds
1:05 pm Manasquan Borough Board of Education
Monmouth - NJSA
18A:24-61.5(1)
$3,500,000 Proposed
School Refunding Bonds
1:10 pm Edgewater Borough Board of Education
Bergen - NJSA
18A:24-61.5(1)
$2,200,000 Proposed
School Refunding Bonds
1:15 pm Belmar Borough Board of Education
Monmouth - NJSA 18A:24-7
$3,370,000 Proposed
Non-Conforming Maturity Schedule
1:20
pm Pennington Borough
Mercer - NJSA 40A:2-51
$325,000 Proposed
Refunding Bond Ordinance (ERI)
NJSA 40A:2-51
$4,500,000 Proposed
Refunding Bond Ordinance
1:25
pm Holmdel Township Board
of Education
Monmouth - NJSA
18A:24-61.5(1)
$15,100,000 Proposed
School Refunding Bonds
1:30 pm Warren County - Pequest River Municipal
Utilities Authority
Warren - NJSA 40A:5A-6
$5,650,000 Proposed Project
Financing
NJSA 40A:5A-7
$5,650,000 Proposed
Security Agreement
1:35 pm Fairview Borough Board of Education
Bergen - NJSA
18A:24-61.5(1)
$875,000 Proposed School
Refunding Bonds (ERI)
1:40 pm Washington Township
Bergen - NJSA 40A:2-51
$5,000,000 Proposed
Refunding Bond Ordinance
1:45 pm Washington Township
Bergen - NJSA
40A:2-26(e)
$3,345,000 Proposed
Non-Conforming Maturity Schedule
1:47 pm Morristown Town
Morris
– NJSA 40A:2-51
$12,655,000
Proposed Refunding Bond Ordinance
NJSA
40A:2-51
$11,030,000
Proposed Refunding Bond Ordinance
NJSA
40A:2-7(d)
$23,685,000 Proposed Extension
of Credit
Page 6 of 7
1:50
pm Westwood Borough
Bergen - NJSA
40A:2-26(e)
$5,674,000 Proposed
Non-Conforming Maturity Schedule
1:55
pm Westwood Borough
Bergen - NJSA 40A:2-51
$5,000,000 Proposed
Refunding Bond Ordinance
2:00 pm Northfield City
Board of Education
Atlantic - NJSA
18A:24-61.5(1)
$12,650,000 Proposed
School Refunding Bonds
2:05 pm North Wildwood City
Cape May - NJSA 40A:2-11
$2,200,000 Proposed
Waiver of Down Payment
2:10 pm Freehold Township Fire District #2
Monmouth - NJSA 40A:5A-6
$405,000 Proposed
Project Financing
2:15 pm New Brunswick City
Middlesex - NJSA
40A:2-51
$9,500,000 Proposed
Refunding Bond Ordinance (ERI)
NJSA 18A:24-7
$28,300,000 Proposed
Non-Conforming Maturity Schedule
NJSA 40A:2-26(e)
$18,817,000 Proposed
Non-Conforming Maturity Schedule
NJSA 18A:24-61.5(1)
$3,200,000 Proposed
School Refunding Bonds
NJSA 40A:2-51
$3,200,000 Proposed
Refunding Bond Ordinance
2:20 pm Union County Improvement Authority
Union - NJSA 40A:5A-7
$18,000,000 Proposed
Municipal Guarantee
Union
- NJSA 40A:5A-6
$18,000,000 Proposed
Project Financing
2:25 pm Wildwood City
Cape May - NJSA 40A:2-51
$5,750,000 Proposed
Refunding Bond Ordinance
2:30
pm Western Monmouth Utilities
Authority
Monmouth - NJSA 40A:5A-6
$10,000,000 Proposed
Project Financing
2:35 pm Hazlet Township
Monmouth - NJSA
40A:2-7(d)
$3,310,000 Proposed
Extension of Credit
NJSA 40A:45.13
$3,310,000 Proposed Assumption
of Services
NJSA 40A:2-46
$3,310,000 Proposed
Self-Liquidating Status
Page 7 of 7
NJSA 40A:5A-20
$3,310,000 Proposed
Dissolution of Sewerage Authority
2:40 pm South Amboy City
Middlesex - NJSA
40A:5A-4
Proposed Creation of
Port Authority
2:45 pm Carneys Point
Township
Salem - NJSA 40A:5A-4
Proposed Creation of a
Redevelopment Agency
2:50 pm Woodbine Municipal Port
Authority
Cape May – NJSA
40A:68A-43.1
Proposed
Approval of Port Authority Budget
2:55 pm Division of Local
Government Services
State
– NJAC 5:3-2.9 and 2.10
Proposed
New Rules
Local
Bond Law
NJSA
40A:2-27(c); 40A:2-32(a)(2); 52:27BB-10(z); and 40A:5A-26
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.