AGENDA

LOCAL FINANCE BOARD

         DATE:  Wednesday, November 12, 2008                       LOCATION:   Department of Community Affairs

                                                                                                               Conference Room #129

                                                                                                               101 South Broad Street

                                                                                                               Trenton, New Jersey  08625-0803

          TIME:   9:00 AM

         

          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:

                9:55 AM  Guttenberg Town                        

                              (Tax Appeals)

                              Hudson - NJSA 40A:2-51

                              $600,000 Proposed Refunding Bond Ordinance

              10:00 AM  Old Bridge Township Fire District #4              

                              Middlesex - NJSA 40A:5A-6

                              $155,000 Project Financing for Fire Districts

              10:05 AM  Voorhees Township Fire District #3                 

                              Camden - NJSA 40A:5A-6

                              $5,500,000 Proposed Project Financing

                             

              10:10 AM  Robbinsville Township

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

                              $8,910,000 Proposed Non-Conforming Maturity Schedule

              10:15 AM  Delaware Township                      

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

                              $5,392,000 Proposed Non-Conforming Maturity Schedule

              10:20 AM  Englishtown Borough Fire District #1

                              Monmouth - NJSA 40A:5A-6

                              $75,000 Proposed Project Financing

 

 

 

Page 2 of 5

 

              10:25 AM Montclair Township

                              (Tax Appeals)

                              Essex - NJSA 40A:2-51

                              $960,000 Proposed Refunding Bond Ordinance

              10:30 AM  Asbury Park City                       

                              Monmouth - NJSA 40A:3-1

                              $5,840,000 Proposed Qualified Bond Ordinance

              10:35 AM  Old Business

                              Franklin Township Board of Education    

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

                              $30,000,000 Proposed School Refunding Bonds

 

              10:38 AM  Old Business

                              Paterson City Parking Authority

                              (Parking Revenue Bonds)

                              Passaic – NJSA 40A:5A-6

                              $4,500,000 Proposed Project Financing

              10:40 AM  South Brunswick Township               

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

                              $13,375,000 Proposed Non-Conforming Maturity Schedule

              10:45 AM  Jackson Township                       

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

                              $19,841,000 Proposed Non-Conforming Maturity Schedule

              10:50 AM  Roselle Borough                        

                              (Tax Appeals)

                              Union - NJSA 40A:2-51

                              $1,300,000 Proposed Refunding Bond Ordinance

              10:55 AM  Little Falls Township                  

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

                              $4,235,000 Proposed Non-Conforming Maturity Schedule

              11:00 AM  Bergen County Improvement Authority    

                              (Tax Exempt Revenue Bonds)

                              Bergen - NJSA 40A:5A-6

                              $2,250,000 Proposed Project Financing

                              NJSA 40A:5A-6

                              $2,250,000 Proposed County Guarantee

                              Northwest Bergen Improvement Authority

                              (Tax Exempt Revenue Bonds)

                              Bergen - NJSA 40A:5A-6

                              $2,250,000 Proposed Project Financing

                              NJSA 40A:5A-6

                              $2,250,000 Proposed Service Contract

 

 

Page 3 of 5

 

              11:05 AM  Marlboro Township Municipal Utilities Authority

                              (Issuance of Notes)

                              Monmouth - NJSA 40A:5A-6

                              $4,900,000 Proposed Project Financing

              11:10 AM     Branchville Borough                    

                              (USDA – Rural Development Program

                                Rural Utilities Service)

                              Sussex - NJSA 40A:2-11

                              $2,743,000 Proposed Waiver of Down Payment

              11:15 AM  Sussex County Municipal Utilities Authority

                              (USDA – Rural Development Program

                                Borough of Branchville)

                              Sussex - NJSA 40A:5A-6

                              $5,496,000 Proposed Project Financing

                              NJSA 40A:5A-6

                              $5,496,000 Proposed Service Agreement

 

              11:20 AM  Old Business

                               High Bridge Borough

                               Hunterdon – NJSA 40A:2-26(e)

                                $8,125,000 Proposed Non-Conforming Maturity Schedule       

              11:25 AM  West New York Town

                              Hudson - NJSA 40A:3-4

                              $150,000 Proposed Qualified Bond Ordinance

              11:30 AM  Newark City                            

                              (Tax Appeals)

                              Essex - NJSA 40A:2-51

                              $10,630,000 Proposed Refunding Bond Ordinance

                              NJSA 40A:3-1

                              $10,630,000 Proposed Qualified Bond Ordinance

              11:35 AM  Jersey City

                              Hudson - NJSA 40A:3-4

                              $39,928,000 Proposed Qualified Bond Ordinance

              11:40 AM  Rutherford Borough                     

                              (Tax Appeals)

                              Bergen - NJSA 40A:2-51

                              $500,000 Proposed Refunding Bond Ordinance

              11:45 AM  Paterson City

                              Passaic - NJSA 40A:3-4

                              $4,380,000 Proposed Qualified Bond Ordinance

 

 

 

 

Page 4 of 5

              11:50 AM  Hamilton Township

                              Atlantic - NJSA 40A:5A-20

                              Proposed Dissolution of Garbage District

 

                              NJSA 40A:45.13

                              $2,197,500 Proposed Assumption of Service

              11:55 AM  Butler Borough Electric Utility

                              Morris - NJSA 40A:5A-25

                              $2,408,032 Proposed Rate Increase

              12:00 PM  Hudson County Improvement Authority    

                              (Harrison Commons)

                              Hudson - NJSA 40A:12A-67g

                              $15,000,000 Proposed Redevelopment Area Bonds

                                                     and Financial Agreement

 

                              NJSA 40A:5A-6

                              $15,000,000 Proposed Project Financing

                             

                              NJSA 40:37A-80

                              $15,000,000 Proposed Town Guaranty

              12:05 PM  Brielle Borough

                              Sea Girt Borough

                              Spring Lake Borough

                              Spring Lake Heights Borough

                              Wall Township

                              Monmouth - NJSA 40A:5A-4

                           Proposed Creation of Southeast Monmouth Utilities Authority

              12:10 PM  North Hudson Sewerage Authority        

                              Hudson - NJSA 40A:5A-6

                              $70,000,000 Proposed Project Financing

              12:15 PM  N.J. State League of Municipalities

                              (2009 PFRS Pension Benefit Costs)

                              State - NJSA 40A:4-45.46

                              Proposed Property Tax Levy CAP Waiver

 

                              NJSA 40A:4-45(d)

                              Proposed CAP Waiver for Extraordinary Circumstances

 

               12:20 PM Division of Local Government Services

                              State – NJSA 40A:20-20 and 52:27BB-10

 

                              New Rule Adoption

                              (Reporting Requirements for Long – Term Tax Exemption Projects)

                              State – NJAC 5:30-8.8

 

 

 

 

 

 

 

 

Page 5 of 5

 

 

 

                12:25 PM      Barnegat Township

                              Ocean – NJSA 40A:4-45.46

                              $1,787,487 Proposed Property Tax Levy Waiver

 

 

 

                                                      Patricia Parkin McNamara

                                                      Executive Secretary

                                                      Local Finance Board

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

           Scheduled times are approximate, please arrive 30 minutes prior to your listed time.

          Representatives of the News Media with a desire for further information regarding this

          Agenda, please follow DCA policy and contact the Department of Community Affairs Public

          Information Officer at (609) 292-6055.