AGENDA

LOCAL FINANCE BOARD

         DATE:  Wednesday, October 14, 2009                          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:

 

**THE FOLLOWING NINETEEN (19) APPLICATIONS WILL BE CONSIDERED ON CONSENT AGENDA**

        10:00 AM  #1  Maywood Borough

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

                              $1,840,000 Proposed Environmental Infrastructure Trust Loan Program

                              NJSA 40A:2-26(e)

                              $1,840,000 Proposed Non-Conforming Maturity Schedule

                              NJSA 40A:2-11(c)

                              $1,840,000 Proposed Waiver of Down Payment         

                        #2  Norwood Borough                        

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

                              $1,250,000 Proposed Environmental Infrastructure Trust Loan Program

                              NJSA 40A:2-26(e)

                              $1,250,000 Proposed Non-Conforming Maturity Schedule

                              NJSA 40A:2-11(c)

                              $1,250,000 Proposed Waiver of Down Payment

                        #3  Stafford Township                      

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

                              $16,236,405 Proposed Environmental Infrastructure Trust Loan Program

                              NJSA 40A:2-26(e)

                              $16,236,405 Proposed Non-Conforming Maturity Schedule

 

Page 2 of 8

                        #4  Hillside Township                      

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

                              $850,000 Proposed Environmental Infrastructure Trust Loan Program

                              NJSA 40A:2-26(e)

                              $850,000 Proposed Non-Conforming Maturity Schedule

                              NJSA 40A:2-11(c)

                              $850,000 Proposed Waiver of Down Payment

                        #5  Camden City

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

                              $3,660,000 Proposed Environmental Infrastructure Trust Loan Program 

                              NJSA 40A:2-26(e)

                              $3,660,000 Proposed Non-Conforming Maturity Schedule

                              NJSA 40A:3-4

                              $3,660,000 Proposed Qualified Bond Ordinance

                        #6  Midland Park Borough                   

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

                              $600,000 Proposed Environmental Infrastructure Trust Loan Program

                              NJSA 40A:2-26(e)

                              $600,000 Proposed Non-Conforming Maturity Schedule

                              NJSA 40A:2-11(c)

                              $600,000 Proposed Waiver of Down Payment

                        #7  Ramsey Borough                         

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

                              $440,000 Proposed Environmental Infrastructure Trust Loan Program

                              NJSA 40A:2-26(e)

                              $440,000 Proposed Non-Conforming Maturity Schedule

                              NJSA 40A:2-11(c)

                              $440,000 Proposed Waiver of Down Payment

                        #8  Chatham Borough                        

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

                              $1,700,000 Proposed Environmental Infrastructure Trust Loan Program

                              NJSA 40A:2-26(e)

                              $1,700,000 Proposed Non-Conforming Maturity Schedule

                              NJSA 40A:2-11(c)

                              $1,700,000 Proposed Waiver of Down Payment

                        #9  Northwest Bergen County Utilities Authority

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

                              $4,200,000 Proposed Environmental Infrastructure Trust Loan Program

                              NJSA 40A:5A-6

                              $4,200,000 Proposed Project Financing

 

Page 3 of 8

 

                       #10  Bogota Borough                         

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

                              $1,100,000 Proposed Environmental Infrastructure Trust Loan Program

                              NJSA 40A:2-26(e)

                              $1,100,000 Proposed Non-Conforming Maturity Schedule

                              NJSA 40A:2-11(c)

                              $1,100,000 Proposed Waiver of Down Payment

                       #11  Little Falls Township                  

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

                              $450,000 Proposed Environmental Infrastructure Trust Loan Program

                              NJSA 40A:2-26(e)

                              $450,000 Proposed Non-Conforming Maturity Schedule

                              NJSA 40A:2-11(c)

                              $450,000 Proposed Waiver of Down Payment

                       #12  Hightstown Borough                     

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

                              $2,200,000 Proposed Environmental Infrastructure Trust Loan Program

                              NJSA 40A:2-26(e)

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

                       #13  Waldwick Borough                       

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

                              $250,000 Proposed Environmental Infrastructure Trust Loan Program

                              NJSA 40A:2-26(e)

                              $150,000 Proposed Non-Conforming Maturity Schedule

                              NJSA 40A:2-11(c)

                              $150,000 Proposed Waiver of Down Payment

                       #14  Waldwick Borough                       

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

                              $1,250,000 Proposed Environmental Infrastructure Trust Loan Program

                              NJSA 40A:2-26(e)

                              $1,150,000 Proposed Non-Conforming Maturity Schedule

                              NJSA 40A:2-11(c)

                              $1,150,000 Proposed Waiver of Down Payment

                       #15  Parsippany - Troy Hills Township       

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

                              $1,705,000 Proposed Environmental Infrastructure Trust Loan Program

                              NJSA 40A:2-26(e)

                              $1,705,000 Proposed Non-Conforming Maturity Schedule

 

 

 

Page 4 of 8

                       #16  Flemington Borough                     

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

                              $2,830,000 Proposed Environmental Infrastructure Trust Loan Program

                              NJSA 40A:2-26(e)

                              $2,830,000 Proposed Non-Conforming Maturity Schedule

                       #17  Berkeley Township                       

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

                              $2,044,092 Proposed Environmental Infrastructure Trust Loan Program

                              NJSA 40A:2-26(e)

                              $2,044,092 Proposed Non-Conforming Maturity Schedule

                       #18  Quinton Township                       

                              (USDA Loan)

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

                           $1,793,700 Proposed Non-Conforming Maturity Schedule

                       #19  Alloway Township                       

                              (USDA Loan)

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

                           $2,314,300 Proposed Non-Conforming Maturity Schedule

 

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

        10:20 AM  #1  Springfield Township                   

                              Union - NJSA 40A:2-51

                              $4,200,000 Proposed Refunding Bond Ordinance

                        #2  Freehold Township                      

                              Monmouth - NJSA 40A:2-51

                              $13,500,000 Proposed Refunding Bond Ordinance

                        #3  Hopewell Township                      

                              Mercer - NJSA 40A:2-51

                              $5,120,000 Proposed Refunding Bond Ordinance

 

                          #4                           Old Business

                              Princeton Borough

                              Mercer – NJSA 40A:2-51

                              $11,700,000 Proposed Refunding Bond Ordinance

 

**THE FOLLOWING SIX (6) APPLICATIONS WILL BE CONSIDERED ON CONSENT AGENDA**

        10:30 AM  #1  East Rutherford Borough Board of Education

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

                              $5,350,000 Proposed School Refunding Bonds

 

 

 

 

Page 5 of 8

 

                        #2  Lafayette Township Board of Education                    

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

                              $3,650,000 Proposed School Refunding Bonds

                        #3  Hammonton Town Board of Education

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

                              $18,650,000 Proposed School Refunding Bonds

                        #4  Glen Ridge Board of Education

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

                              $6,500,000 Proposed School Refunding Bonds

                        #5  Old Business

                              Mahwah Township Board of Education

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

                              $8,600,000 Proposed School Refunding Bonds

                        #6  National Park Borough Board of Education

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

                              $3,150,000 Proposed School Refunding Bonds

 

              10:40 AM  Chesilhurst Borough

                              Camden – NJSA 40A:4-45.46

                              $198,862 Proposed Property Tax Levy Waiver

 

                              NJSA 40A:4-45.3(ee)

                              $168,231 Proposed CAP Waiver (Surplus)

 

                              NJSA 40A:4-45.3(dd)

                              $311,294 Proposed Sale of Asset Waiver

 

              10:50 AM  Milltown Borough

                              Middlesex – NJSA 40A:4-45.46

                              $192,733 Proposed Property Tax Levy Waiver

 

              10:55 AM  Carlstadt Borough

                              Bergen – NJSA 40A:4-45.46

                              $825,503 Proposed Property Tax Levy Wavier

              11:00 AM  Lodi Borough                           

                              (Tax Appeals)

                              Bergen - NJSA 40A:2-51

                              $820,000 Proposed Refunding Bond Ordinance

              11:05 AM  Woodland Park Borough

                              (Tax Appeals)

                              Passaic - NJSA 40A:2-51

                              $1,150,000 Proposed Refunding Bond Ordinance

 

 

 

Page 6 of 8

 

              11:10 AM  Bergen County

                              (General Obligation Bonds)

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

                              $77,852,000 Proposed Non-Conforming Maturity Schedule

                              (Vocational School Bonds)

                              NJSA 40A:2-26(e)

                              $6,348,000 Proposed Non-Conforming Maturity Schedule 

                              (County Hospital Bonds)

                              NJSA 40A:2-26(e)

                              $4,313,000 Proposed Non-Conforming Maturity Schedule 

              11:15 AM  Summit City                            

                              Union - NJSA 40A:2-51

                              $1,380,000 Proposed Refunding Bond Ordinance

 

              11:20 AM  Old Business

                                Burlington County Bridge Commission

                                Burlington – NJSA 40A:5A-6

                                $33,000,000 Proposed Project Financing

              11:25 AM  Brick Township                         

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

                              $37,000,000 Proposed Non-Conforming Maturity Schedule

              11:30 AM  West Windsor Township                  

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

                              $12,750,000 Proposed Non-Conforming Maturity Schedule

              11:35 AM  Paterson City

                              (Various Capital Improvement)

                              Passaic - NJSA 40A:3-4

                              $2, 090,000 Proposed Qualified Bond Ordinance

                              (Reconstruction of Sewers)

                              NJSA 40A:3-4

                              $2,665,000 Proposed Qualified Bond Ordinance

                              (Resurfacing of Various Streets)

                              NJSA 40A:3-4

                              $2,000,000 Proposed Qualified Bond Ordinance

              11:40 AM  Asbury Park City                       

                              Monmouth - NJSA 40A:3-1

                              $3,000,000 Proposed Qualified Bond Ordinance

 

                              NJSA 40A:2-11(c)

                              $3,000,000 Proposed Waiver of Down Payment

 

 

 

 

Page 7 of 8

 

              11:45 AM  Sea Isle City                          

                              Cape May - NJSA 40A:2-26(e)

                              $13,370,000 Proposed Non-Conforming Maturity Schedule

              11:55 AM  Kearny Town                            

                              Hudson - NJSA 40A:3-1

                              $435,000 Proposed Qualified Bond Ordinance

              12:00 PM  Irvington Township

                              Essex - NJSA 40A:3-1

                              $111,000 Proposed Qualified Bond Ordinance

              12:05 PM  Englishtown Borough Fire District #1

                              Monmouth - NJSA 40A:5A-6

                              $550,000 Proposed Project Financing

              12:10 PM  Jersey City

                              Hudson - NJSA 40A:3-4

                              $8,700,000 Proposed Qualified Bond Ordinance

              12:15 PM  Bayonne City                           

                              Hudson - NJSA 40A:3-1

                              $7,744,750 Proposed Qualified Bond Ordinance

              12:20 PM  Sussex County

                              Sussex - NJSA 40A:2-51

                              $2,500,000 Proposed Refunding Bond Ordinance

              12:25 PM  Monmouth County                        

                              Monmouth - NJSA 40A:2-51

                              $30,000,000 Proposed Refunding Bond Ordinance

              12:30 PM  Laurel Springs Borough                 

                              Camden - NJSA 40A:2-11(c)

                              $740,000 Proposed Waiver of Down Payment

              12:35 PM  Passaic Valley Water Commission        

                              (Water Supply System Revenue Bonds)

                              Passaic - NJSA 40A:5A-6

                              $38,500,000 Proposed Project Financing

              12:40 PM  Passaic City Parking Authority

                              (Parking Bonds)

                              Passaic - NJSA 40A:5A-6

                              $2,950,000 Proposed Project Financing

                              NJSA 40A:5A-6

                              $2,950,000 Proposed Municipal Guarantee

 

 

 

Page 8 of 8

 

              12:45 PM  Ship Bottom Borough                    

                              Ocean - NJSA 40A:2-11(c)

                              $275,000 Proposed Waiver of Down Payment

              12:55 PM  Merchantville - Pennsauken Water Commission

                              (Funding of Various Projects)

                              Camden - NJSA 40A:5A-6

                              $5,500,000 Proposed Project Financing

                1:00 PM  Glassboro Borough                      

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

                              $4,725,000 Proposed Extension of Credit

 

                 1:05 PM Consideration of Director’s Recommendation

                              For State Aid to Certain Municipalities Under

                              The Special Municipal Aid Act

                              NJSA 52:27D-118.24 et seq.

 

                              City of Newark

 

                 1:10 PM West Wildwood Borough

                              Cape May – NJSA 52:27BB-15

                              Appeal of Director’s Decision

                              (West Wildwood Borough v. Dorothy Tomlin)

 

                 1:15 PM Division of Local Government Services

                              Briefing – New Jersey Economic Stimulus Act of 2009

                              (P.L. 2009, Chapter 90)

                                                                                                   

 

 

                                                              Patricia Parkin McNamara

                                                               Executive Secretary

                                                               Local Finance Board

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

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