AGENDA
LOCAL FINANCE BOARD
DATE: Monday, July 11, 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:9-22.1 et seq.
Local Government Ethics Law
IV.
Applications:
**THE FOLLOWING
TWENTY-ONE (21) APPLICATIONS WILL BE CONSIDERED ON A CONSENT AGENDA**
10:00 am #1 Old Bridge Municipal Utilities Authority
Middlesex - NJSA
58:11B-9(a)
$3,700,000 Proposed
Environmental Infrastructure Trust Program
NJSA 40A:5A-6
$3,700,000 Proposed
Project Financing
#2 Linden
City
Union - NJSA 58:11B-9(a)
$4,000,000 Proposed
Environmental Infrastructure Trust Program
NJSA 40A:2-26(e)
$4,000,000 Proposed
Non-Conforming Maturity Schedule
NJSA 40A:2-11
$4,000,000 Proposed
Waiver of Down Payment
#3 Clementon Borough
Camden - 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
#4 Chatham Township
Morris - NJSA
58:11B-9(a)
$1,350,000 Proposed
Environmental Infrastructure Trust Program
#5 Berkeley Township Sewerage Authority
Ocean - NJSA 58:11B-9(a)
$3,100,000 Proposed
Environmental Infrastructure Trust Program
NJSA 40A:5A-6
$3,100,000 Proposed
Project Financing
#6 Cape
May Point Borough
Cape May - NJSA
58:11B-9(a)
$165,000 Proposed
Environmental Infrastructure Trust Program
NJSA 40A:2-26(e)
$165,000 Proposed
Non-Conforming Maturity Schedule
#7 Stafford Township
Ocean - NJSA 58:11B-9(a)
$11,736,000 Proposed
Environmental Infrastructure Trust Program
NJSA 40A:2-26(e)
$11,736,000 Proposed
Non-Conforming Maturity Schedule
#8 Gloucester County Improvement Authority
Gloucester - NJSA
58:11B-9(a)
$11,000,000 Proposed
Environmental Infrastructure Trust Program
NJSA 40A:5A-6
$11,000,000 Proposed
Project Financing
NJSA 40:37A-80
$11,000,000 Proposed
County Guarantee
#9 West Milford Township
Municipal Utilities Authority
Passaic - NJSA
58:11B-9(a)
$3,000,000 Proposed
Environmental Infrastructure Trust Program
NJSA 40A:5A-6
$3,000,000 Proposed Project Financing
#10 Manasquan Borough
Monmouth – NJSA
58:11B-9(a)
$3,110,997
Proposed Environmental Infrastructure Trust Program
NJSA
40A:2-26(e)
$3,110,997 Proposed
Non-Conforming Maturity Schedule
#11 West Orange Township
Essex - NJSA 58:11B-9(a)
$2,600,000 Proposed
Environmental Infrastructure Trust Program
NJSA 40A:2-26(e)
$2,600,000 Proposed
Non-Conforming Maturity Schedule
NJSA 40A:2-11
$2,600,000 Proposed
Waiver of Down Payment
Page 3 of 8
#12 Monmouth County Bayshore Outfall Authority
Monmouth - NJSA
58:11B-9(a)
$750,000 Proposed
Environmental Infrastructure Trust Program
NJSA 40A:5A-6
$750,000 Proposed
Project Financing
#13 Glen Ridge Borough
Essex - NJSA 58:11B-9(a)
$300,000 Proposed
Environmental Infrastructure Trust Program
NJSA 40A:2-26(e)
$300,000 Proposed
Non-Conforming Maturity Schedule
NJSA 40A:2-11
$300,000 Proposed Waiver
of Down Payment
#14 Atlantic City Municipal Utilities Authority
Atlantic - NJSA
58:11B-9(a)
$5,800,000 Proposed
Environmental Infrastructure Trust Program
NJSA 40A:5A-6
$5,800,000 Proposed Project Financing
#15 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
#16 Edgewater
Borough Municipal Utilities Authority
(Project
Sponsor Conduit Loan Bonds)
Bergen
- NJSA 58:11B-9(a)
$3,000,000 Proposed
Environmental Infrastructure Trust Program
NJSA 40A:5A-6
$3,000,000 Proposed
Project Financing
#17 Edgewater Borough
Municipal Utilities Authority
(CSO Project Bonds)
Bergen - NJSA 58:11B-9(a)
$3,000,000 Proposed
Environmental Infrastructure Trust Program
NJSA 40A:5A-6
$3,000,000 Proposed Project
Financing
#18 Middlesex
County Utilities Authority
Middlesex - NJSA
58:11B-9(a)
$14,000,000 Proposed
Environmental Infrastructure Trust Program
NJSA 40A:5A-6
$14,000,000 Proposed
Project Financing
Page 4 of 8
#19 Harvey Cedars Borough
Ocean - NJSA 58:11B-9(a)
$1,800,000 Proposed
Environmental Infrastructure Trust Program
NJSA 40A:2-26(e)
$1,800,000 Proposed Non-Conforming
Maturity Schedule
#20 Hamilton Township
Mercer - NJSA 58:11B-9(a)
$4,225,000 Proposed
Environmental Infrastructure Trust Program
NJSA 40A:2-26(e)
$4,225,000 Proposed
Non-Conforming Maturity Schedule
NJSA 40A:2-11
$4,225,000 Proposed Waiver of Down
Payment
#21 Wildwood
City
Cape May - NJSA
58:11B-9(a)
$1,307,700 Proposed
Environmental Infrastructure Trust Program
NJSA 40A:2-26(e)
$13,077,000 Proposed
Non-Conforming Maturity Schedule
** THE
FOLLOWING TEN (10) APPLICATIONS WIL BE CONSIDERED ON A CONSENT AGENDA **
10:15 am #1 Delran Township Board of Education
Burlington - NJSA
18A:24-61.5(1)
$4,000,000 Proposed School
Refunding Bonds
#2 Medford
Township Board of Education
Burlington
- NJSA 18A:24-61.5(1)
$30,400,000 Proposed
School Refunding Bonds
#3 Haddonfield
Borough Board of Education
Camden - NJSA
18A:24-61.5(1)
$11,650,000 Proposed
School Refunding Bonds
#4 Highland
Park Board of Education
Middlesex - NJSA
18A:24-61.5(1)
$15,000,000 Proposed School Refunding Bonds
#5 Hopewell Valley Regional Board of Education
Mercer - NJSA
18A:24-61.5(1)
$21,400,000 Proposed
School Refunding Bonds
#6 Bethlehem Township Board of Education
Hunterdon - NJSA
18A:24-61.5(1)
$5,750,000 Proposed
School Refunding Bonds
#7
Harding Township Board of Education
Morris
- NJSA 18A:24-61.5(1)
$4,900,000 Proposed
School Refunding Bonds
#8 Madison Borough Board of
Education
Morris
- NJSA 18A:24-61.5(1)
$3,250,000 Proposed
School Refunding Bonds
Page 5 of 8
#9 Pinelands
Regional School District
Ocean
- NJSA 18A:24-61.5(1)
$8,000,000 Proposed
School Refunding Bonds
#10 Franklin Township Board
of Education
Somerset - NJSA
18A:24-61.5(1)
$40,000,000 Proposed
School Refunding Bonds
** THE FOLLOWING TWO (2)
APPLICATIONS WILL BE CONSIDERED ON A CONSENT AGENDA **
10:20 am #1 Glassboro Borough
Gloucester - NJSA
40A:2-51
$9,975,000 Proposed
Refunding Bond Ordinance
#2 Woodbury
City
Gloucester - NJSA
40A:2-51
$3,900,000 Proposed
Refunding Bond Ordinance
10:25 am Ocean County
Ocean - NJSA 40A:2-51
$71,000,000 Proposed
Refunding Bond Ordinance
10:30 am Hamilton Township
(General
Capital)
Mercer - NJSA
40A:2-26(e)
$32,000,000 Proposed
Non-Conforming Maturity Schedule (General Capital)
(Sewer Utility)
NJSA 40A:2-26(e)
$30,000,000 Proposed
Non-Conforming Maturity Schedule (Sewer Utility)
NJSA 40A:2-51
$5,000,000 Proposed
Refunding Bond Ordinance
10:35 am Maywood Borough Board of Education
Bergen - NJSA 18A:24-7
$12,042,000 Proposed
Non-Conforming Maturity Schedule
10:40
am Passaic County
Improvement Authority
(Prosecutor’s
Office Building Improvements Project)
Passaic - NJSA 40A:5A-6
$6,000,000 Proposed
Project Financing
NJSA
40A:5A-7
$6,000,000 Proposed Lease
Agreement
10:45
am School District of the
Chathams
Morris - NJSA 18A:24-7
$20,525,000 Proposed
Non-Conforming Maturity Schedule
10:50
am Montgomery Township
Somerset - NJSA 40A:2-11
$16,850,000 Proposed
Waiver of Down Payment
Page 6 of 8
10:55 am Bergen County
Improvement Authority
North Arlington Borough
Bergen - NJSA 40A:2-26(e)
$9,720,000 Proposed
Non-Conforming Maturity Schedule
NJSA 40A:2-51
$12,500,000 Proposed Refunding Bond Ordinance
Englewood City
Bergen - NJSA
40A:2-26(e)
$15,290,250 Proposed
Non-Conforming Maturity Schedule
11:05 am Riverside Township Fire District #1
Burlington - NJSA
40A:5A-6
$200,000 Proposed
Project Financing
11:10 am Bergen County Improvement Authority
(“Overpeck
Park”)
Bergen - NJSA 40A:5A-6
$12,000,000 Proposed
Project Financing
NJSA 40:37A-80
$12,000,000 Proposed
County Guarantee
11:15 am Bergen County Improvement Authority
(County
Administration Building)
Bergen - NJSA 40A:5A-6
$38,000,000 Proposed
Project Financing
NJSA 40A:5A-7
$38,000,000 Proposed
County Guarantee
11:18 am Bergen
County Improvement Authority
“EnCap
Golf Holdings”
Bergen - NJSA
58:11B-9(a)
$325,000,000 Proposed
Environmental Infrastructure Trust Program
NJSA 40A:5A-6
$325,000,000 Proposed
Project Financing
11:20
am Bergen County
Bergen - NJSA 40A:2-11
$14,293,000 Proposed
Waiver of Down Payment
11:23 am Cherry Hill Township
Camden – 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
11:25 am Burlington County Bridge
Commission
Delanco Township Fire
District #1
Burlington - NJSA
40A:5A-6
$475,000 Proposed Project Financing
Chesterfield Township Fire District
#2
Burlington - NJSA
40A:5A-6
$410,000 Proposed Project
Financing
Page 7 of 8
11:30 am Essex County Improvement Authority
(Refunding Project)
Essex - NJSA 40A:5A-6
$75,000,000 Proposed
Project Financing
NJSA 40:37A-80
$75,000,000 Proposed County Guarantee
11:35
am Carteret Borough
Middlesex - NJSA
40A:2-11
$1,900,000 Proposed
Waiver of Down Payment
11:40 am Florence Township
Burlington - NJSA
40A:2-7(d)
$2,910,000 Proposed
Extension of Credit
11:45 am Trenton City
Mercer - NJSA 40A:3-1
$44,474,373 Proposed
Qualified Bond Ordinance
NJSA 40A:2-7(d)
$44,474,373 Proposed
Extension of Credit
11:50 am Trenton City
Mercer - NJSA 40A:3-1
$51,008,000 Proposed
Qualified Bond Ordinance
NJSA 40A:2-7(d)
$51,008,000 Proposed
Extension of Credit
NJSA 40A:2-51
$51,008,000 Proposed
Refunding Bond Ordinance
11:55 am Jersey City Municipal Utilities Authority
Hudson - NJSA 40A:5A-6
$17,000,000 Proposed
Project Financing
12:00 pm “Old Business”
Kearny
Town
Hudson - NJSA
58:11B-9(a)
$14,567,150 Proposed
Environmental Infrastructure Trust Program
NJSA 40A:2-26(e)
$14,567,150 Proposed
Non-Conforming Maturity Schedule
12:05 pm Atlantic County Improvement Authority
(The Arc of Atlantic County Project)
Atlantic - NJSA 40A:5A-6
$2,400,000 Proposed
Project Financing
NJSA 40:37A-54(1)
$2,400,000 Proposed
Project Financing (Not-for-Profit)
Page
8 of 8
12:10 pm “Old
Business”
Union
County Improvement Authority
(County
Juvenile Detention Facility)
Union
– NJSA 40A:5A-6
$46,000,000
Proposed Project Financing
NJSA
40A:5A-7
$46,000,000
Proposed Lease Agreement
12:15 pm Newark City
Essex - NJSA 40A:3-1
$15,000,000 Proposed
Qualified Bond Ordinance
12:20 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
12:25 pm Newark City
Essex - NJSA 40A:12A-67g
$9,000,000 Proposed
Redevelopment Area Bonds
12:30 pm Pemberton Township
Burlington - NJSA
52:27BB-16
In the Matter of the
Introduction and Adoption of Annual Budget
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.