NOTICE OF ORDINANCE ADOPTION
Bond Ordinance Statements and Summary
The bond ordinance, the summary terms of which are included herein, has been finally adopted by the Mayor and Township Committee of the Township of Winslow, in the County of Camden, State of New Jersey on September 8, 2026 and the twenty (20) day period of limitation within which a suit, action or proceeding questioning the validity of such ordinance can be commenced, as provided in the Local Bond Law, has begun to run from the date of the first publication of this statement. Copies of the full ordinance are available at no cost and during regular business hours, at the Township Clerkâs office at the Winslow Township Municipal Building, 125 South Route 73, Braddock, New Jersey 08037, for members of the general public who request the same. The summary of the terms of such bond ordinance follows:
Title: BOND ORDINANCE AUTHORIZING VARIOUS ROAD IMPROVEMENTS IN THE TOWNSHIP OF WINSLOW, COUNTY OF CAMDEN, NEW JERSEY; APPROPRIATING THE SUM OF $500,000 THEREFOR; AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS OR BOND ANTICIPATION NOTES OF THE TOWNSHIP OF WINSLOW, COUNTY OF CAMDEN, NEW JERSEY, IN THE AGGREGATE PRINCIPAL AMOUNT OF UP TO $475,000; MAKING CERTAIN DETERMINATIONS AND COVENANTS; AND AUTHORIZING CERTAIN RELATED ACTIONS IN CONNECTION WITH THE FOREGOING
|
|
Purpose/Improvement
|
Estimated
Total Cost
|
Down
Payment
|
Amount of Obligations
|
Period of
Usefulness
|
|
A.
|
Resurfacing and/or Reconstruction of Various Streets and Roads including, but not limited to, Wilton's Corner Paving Project (Phase II), together with the acquisition of all materials and equipment and completion of all work necessary therefor or related thereto
|
$500,000
|
$25,000
|
$475,000
|
10 years
|
Appropriation: $500,000
Bonds/Notes Authorized: $475,000
Grants (if any) Appropriated: $0
Section 20 Costs: $95,000
Useful Life: 10.00 years
LISA DORITY, Municipal Clerk
This Notice is published pursuant to N.J.S.A. 40A:2-17.