AGENDA

LOCAL FINANCE BOARD

DATE: Wednesday, June 8, 2005 LOCATION: Department of Community Affairs

Conference Room #129

101 South Broad Street

Trenton, New Jersey 08625-0803

TIME: 9:00 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 FIFTEEN (15) APPLICATIONS WILL BE CONSIDERED ON A CONSENT AGENDA**

10:00 am #1 Wharton Borough

Morris - NJSA 58:11B-9(a)

$2,000,000 Proposed Environmental Infrastructure Trust Program

NJSA 40A:2-26(e)

$2,000,000 Proposed Non-Conforming Maturity Schedule

#2 Ocean County Utilities Authority

Ocean - NJSA 58:11B-9(a)

$64,000,000 Proposed Environmental Infrastructure Trust Program

NJSA 40A:5A-6

$64,000,000 Proposed Project Financing

#3 Barnegat Township

Ocean - NJSA 58:11B-9(a)

$2,200,000 Proposed Environmental Infrastructure Trust Program

NJSA 40A:2-26(e)

$2,200,000 Proposed Non-Conforming Maturity Schedule

#4 Tuckerton Borough

Ocean - NJSA 58:11B-9(a)

$1,200,000 Proposed Environmental Infrastructure Trust Program

NJSA 40A:2-26(e)

$1,200,000 Proposed Non-Conforming Maturity Schedule

Page 2 of 8

#5 Atlantic County Utilities Authority

Atlantic - NJSA 58:11B-9(a)

$8,000,000 Proposed Environmental Infrastructure Trust Program

NJSA 40A:5A-6

$8,000,000 Proposed Project Financing

#6 Bergen County Utilities Authority

Bergen - NJSA 58:11B-9(a)

$18,000,000 Proposed Environmental Infrastructure Trust Program

NJSA 40A:5A-6

$18,000,000 Proposed Project Financing

#7 East Rutherford Borough

Bergen - NJSA 58:11B-9(a)

$925,000 Proposed Environmental Infrastructure Trust Program

NJSA 40A:2-26(e)

$925,000 Proposed Non-Conforming Maturity Schedule

NJSA 40A:2-11

$925,000 Proposed Waiver of Down Payment

#8 North Hudson Sewerage Authority

Hudson - NJSA 58:11B-9(a)

$17,000,000 Proposed Environmental Infrastructure Trust Program

NJSA 40A:5A-6

$17,000,000 Proposed Project Financing

#9 Florham Park Sewerage Authority

Morris - NJSA 58:11B-9(a)

$3,000,000 Proposed Environmental Infrastructure Trust Program

NJSA 40A:5A-6

$3,000,000 Proposed Project Financing

#10 Pennsville Township

Salem - NJSA 58:11B-9(a)

$2,650,000 Proposed Environmental Infrastructure Trust Program

NJSA 40A:2-26(e)

$2,650,000 Proposed Non-Conforming Maturity Schedule

NJSA 40A:2-11

$2,650,000 Proposed Waiver of Down Payment

#11 Kearny Municipal Utilities Authority

Hudson - NJSA 58:11B-9(a)

$4,000,000 Proposed Environmental Infrastructure Trust Program

NJSA 40A:5A-6

$4,000,000 Proposed Project Financing

Page 3 of 8

#12 Winslow Township

Camden - NJSA 58:11B-9(a)

$445,000 Proposed Environmental Infrastructure Trust Program

NJSA 40A:2-26(e)

$445,000 Proposed Non-Conforming Maturity Schedule

#13 Long Beach Township

Ocean - NJSA 58:11B-9(a)

$1,662,365 Proposed Environmental Infrastructure Trust Program

NJSA 40A:2-26(e)

$1,662,365 Proposed Non-Conforming Maturity Schedule

#14 Mount Laurel Township Municipal Utilities Authority

Burlington - NJSA 58:11B-9(a)

$26,000,000 Proposed Environmental Infrastructure Trust Program

NJSA 40A:5A-6

$26,000,000 Proposed Project Financing

#15 New Jersey Water Supply Authority

Hunterdon - NJSA 58:11B-9(a)

$4,000,000 Proposed Environmental Infrastructure Trust Program

NJSA 40A:5A-6

$4,000,000 Proposed Project Financing

** THE FOLLOWING FOUR (4) APPLICATIONS WILL BE CONSIDERED ON A CONSENT AGENDA**

10:10 am #1 Milltown Borough Board of Education

Middlesex - NJSA 18A:24-61.5(1)

$1,110,000 Proposed School Refunding Bonds

#2 Westfield Town Board of Education

Union - NJSA 18A:24-61.5(1)

$17,000,000 Proposed School Refunding Bonds

#3 Red Bank Borough Board of Education

Monmouth - NJSA 18A:24-61.5(1)

$5,000,000 Proposed School Refunding Bonds

#4 Ocean City Board of Education

Cape May - NJSA 18A:24-61.5(1)

$21,000,000 Proposed School Refunding Bonds

** THE FOLLOWING APPLICATION WILL BE CONSIDERED ON A CONSENT AGENDA**

10:15 am Sparta Township

Sussex – NJSA 40A:2-51

$10,300,000 Proposed Refunding Bond Ordinance

Page 4 of 8

10:20 am Jefferson Township

Morris – NJSA 40A:2-26(e)

$4,300,000 Proposed Non-Conforming Maturity Schedule

10:25 am Winfield Township

Union – NJSA 40A:4-45.3(ee)

$6,600 Proposed CAP Waiver (Surplus)

10:30 am Tavistock Borough

Camden – NJSA 40A:4-45.3(e)

$3,864 Proposed CAP Waiver (Deficit)

10:35 am Woodbury City

Gloucester – NJSA 40A:2-7(d)

$1,176,303 Proposed Extension of Credit

10:40 am Ridgefield Park Village

Bergen – NJSA 40A:2-51

$220,000 Proposed Refunding Bond Ordinance

10:45 am Clark Township

Union – NJSA 40A:2-26(e)

$9,042,000 Proposed Non-Conforming Maturity Schedule

10:50 am “Old Business”

Cranford Township

Union – NJSA 58:11B-9(a)

$5,500,000 Proposed Environmental Infrastructure Trust Program

NJSA 40A:2-26(e)

$5,500,000 Proposed Non-Conforming Maturity Schedule

10:55 am Mount Holly Township Fire District #1

Burlington – NJSA 40A:5A-6

$350,000 Proposed Project Financing

11:00 am Millstone Borough

Somerset – NJSA 40A:45.3(ee)

$80,000 Proposed CAP Waiver (Surplus)

11:05 am Bergen County Improvement Authority

(Municipal Bond Banc)

Bergen - NJSA 40A:5A-6

$20,000,000 Proposed Project Financing

NJSA 40:37A-54(1)

$20,000,000 Proposed Project Financing

Page 5 of 8

11:10 am Bergen County Improvement Authority

(Pooled Governmental Loan Bonds)

Bergen - NJSA 40A:5A-6

$52,000,000 Proposed Project Financing

NJSA 40A:37A-80

$52,000,000 Proposed County Guarantee

City of Englewood

Bergen - NJSA 40A:2-26(e)

$15,290,250 Proposed Non-Conforming Maturity Schedule

Borough of Paramus

Bergen - NJSA 40A:2-26(e)

$12,335,000 Proposed Non-Conforming Maturity Schedule

North Arlington Borough

Bergen - NJSA 40A:2-51

$12,500,000 Proposed Refunding Bond Ordinance

NJSA 40A:2-26(e)

$9,720,000 Proposed Non-Conforming Maturity Schedule

11:15 am West Paterson Borough

Passaic - NJSA 40A:2-51

$440,000 Proposed Refunding Bond Ordinance

NJSA 40A:2-51

$2,200,000Proposed Refunding Bond Ordinance

11:20 am Monroe Township Municipal Utilities Authority

Middlesex - NJSA 40A:5A-6

$9,860,000 Proposed Project Financing

11:25 am Sayreville Borough

Middlesex - NJSA 18A:24-7

$33,022,000 Proposed Non-Conforming Maturity Schedule

11:30 am School District of the Chathams

Morris - NJSA 18A:24-7

$20,525,000 Proposed Non-Conforming Maturity Schedule

11:35 am Delaware Township Board of Education

Hunterdon - NJSA 18A:24-61.5(1)

$4,000,000 Proposed School Refunding Bonds

11:40 am Princeton Borough

Mercer - NJSA 40A:2-11

$6,720,000 Proposed Waiver of Down Payment

11:45 am Jersey City Municipal Utilities Authority

Hudson - NJSA 40A:5A-6

$17,000,000 Proposed Project Financing

Page 6 of 8

11:50 am Howell Township Fire District #3

Monmouth - NJSA 40A:5A-6

$950,000 Proposed Project Financing

11:55 am Freehold Township Fire District #1

Monmouth - NJSA 40A:5A-6

$1,050,000 Proposed Project Financing

12:00 pm Paterson City

Passaic - NJSA 40A:3-4

$21,919,000 Proposed Qualified Bond Ordinance

NJSA 58:11B-9(a)

$21,919,000 Proposed Environmental Infrastructure Trust Program

NJSA 40A:2-26(e)

$21,919,000 Proposed Non-Conforming Maturity Schedule

NJSA 40A:3-4

$952,000 Proposed Qualified Bond Ordinance

NJSA 40A:2-11

$952,000 Proposed Waiver of Down Payment

12:05 pm Perth Amboy City

Middlesex - NJSA 40A:3-1

(Tax Appeals)

$950,000 Proposed Qualified Bond Ordinance

NJSA 40A:2-51

$950,000 Proposed Refunding Bond Ordinance

NJSA 40A:3-1

(Capital Improvements)

$1,600,000 Proposed Qualified Bond Ordinance

NJSA 40A:2-7(d)

$1,600,000 Proposed Extension of Credit

12:10 pm Princeton Township

Mercer - NJSA 40A:2-11

$6,720,000 Proposed Waiver of Down Payment

12:15 pm “Old Business”

Morris County Improvement Authority

(County Guaranteed Leasing Program)

Morris - NJSA 40A:5A-6

$10,000,000 Proposed Project Financing

NJSA 40:37A-80

$10,000,000 Proposed County Guarantee

12:20 pm Newark City

Essex - NJSA 40A:3-1

$15,000,000 Proposed Qualified Bond Ordinance

Page 7 of 8

12:25 pm Newark City

Essex - NJSA 58:11B-9(a)

$29,500,000 Proposed Environmental Infrastructure Trust Program

NJSA 40A:2-26(e)

$29,500,000 Proposed Non-Conforming Maturity Schedule

NJSA 40A:3-1

$29,500,000 Proposed Qualified Bond Ordinance

12:30 pm Newark City

Essex - NJSA 40A:12A-67g

$9,000,000 Proposed Redevelopment Area Bonds

12:35 pm West Deptford Township

Gloucester - NJSA 40A:2-7(d)

$1,195,000 Proposed Extension of Credit

12:40 pm Jersey City

Hudson - NJSA 40A:2-51

$7,000,000 Proposed Refunding Bond Ordinance

NJSA 40A:3-4

$7,000,000 Proposed Qualified Bond Ordinance

12:45 pm Monmouth County Improvement Authority

(City of Asbury Park Project)

Monmouth - NJSA 40A:5A-6

$21,500,000 Proposed Project Financing

NJSA 40A:5A-7

$21,500,000 Proposed City Guarantee

NJSA 40A:5A-7

$21,500,000 Proposed Lease Agreement

12:50 pm Burlington County Bridge Commission

(Government Leasing Program)

Burlington - NJSA 40A: 5A-6

$12,000,000 Proposed Project Financing

NJSA 40A:5A-7

$12,000,000 Proposed County Guarantee

Delanco Township Fire District #1

NJSA 40A:5A-6

$475,000 Proposed Project Financing

Page 8 of 8

12:55 pm City of Camden

Camden- NJSA 40A:4-45.3e

$8,996,299 Proposed CAP Waiver (Deficit)

Patricia Parkin McNamara

Executive Secretary

Local Finance Board

All visitors to the Department of Community Affairs Building are required to show personal identification for admittance into the Building.

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.