AGENDA

LOCAL FINANCE BOARD

DATE: Thursday, November 12, 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 TWO (2) APPLICATIONS WILL BE CONSIDERED ON CONSENT AGENDA**

10:00 AM #1 New Jersey Sports and Exposition Authority

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

$850,000 Proposed Environmental Infrastructure Trust Loan Program

#2 Franklin Township

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

$750,000 Proposed Environmental Infrastructure Trust Loan Program

NJSA 40A:2-26(e)

$750,000 Proposed Non-Conforming Maturity Schedule

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

10:05 AM #1 (Old Business)

Union Township Board of Education

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

$21,000,000 Proposed School Refunding Bonds

#2 Lakeland Regional High School District Board of Education

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

$3,100,000 Proposed School Refunding Bonds

#3 Oldmans Township Board of Education

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

$2,000,000 Proposed School Refunding Bonds

Page 2 of 6

#4 Lumberton Township Board of Education

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

$4,200,000 Proposed School Refunding Bonds

#5 Atlantic City Board of Education

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

$10,500,000 Proposed School Refunding Bonds

#6 North Plainfield Board of Education

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

$5,225,000 Proposed School Refunding Bonds

**THE FOLLOWING TEN (10) APPLICATIONS WILL BE CONSIDERED ON CONSENT AGENDA**

10:15 AM #1 Lawrence Township

Mercer - NJSA 40A:2-51

$6,000,000 Proposed Refunding Bond Ordinance

#2 Willingboro Township

Burlington - NJSA 40A:2-51

$1,485,000 Proposed Refunding Bond Ordinance

#3 Hunterdon County

Hunterdon - NJSA 40A:2-51

$10,890,000 Proposed Refunding Bond Ordinance

#4 Parsippany - Troy Hills Township

(Sewer Utility)

Morris - NJSA 40A:2-51

$1,540,000 Proposed Refunding Bond Ordinance

(Water Utility)

NJSA 40A:2-51

$1,705,000 Proposed Refunding Bond Ordinance

#5 Pleasantville City

Atlantic - NJSA 40A:2-51

$4,200,000 Proposed Refunding Bond Ordinance

#6 Burlington Township

Burlington - NJSA 40A:2-51

$4,200,000 Proposed Refunding Bond Ordinance

#7 Butler Borough

Morris - NJSA 40A:2-51

$6,250,000 Proposed Refunding Bond Ordinance

Page 3 of 6

#8 Kinnelon Borough

Morris - NJSA 40A:2-51

$6,750,000 Proposed Refunding Bond Ordinance

#9 Montville Township

(General Obligation Bonds)

Morris - NJSA 40A:2-51

$2,300,000 Proposed Refunding Bond Ordinance

(Open Space Bonds)

Morris - NJSA 40A:2-51

$5,240,000 Proposed Refunding Bond Ordinance

#10 Montvale Borough

Bergen - NJSA 40A:2-51

$4,100,000 Proposed Refunding Bond Ordinance

**THE FOLLOWING TWO (2) APPLICATIONS WILL BE CONSIDERED ON CONSENT AGENDA**

10:25 AM #1 Wildwood City

(USDA Loan)

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

$1,136,000 Proposed Non-Conforming Maturity Schedule

NJSA 40A:2-11(c)

$1,136,000 Proposed Waiver of Down Payment

#2 North Wildwood City

(USDA Loan)

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

$3,650,000 Proposed Non-Conforming Maturity Schedule

Cape May - NJSA 40A:2-11(c)

$3,650,000 Proposed Waiver of Down Payment

10:30 AM Proposed Request for Pension Deferral

NJSA 43:15A-24(c)

NJSA 43:16A-15(9)

Deferred Amount Billed Amount

Manchester Township – Ocean

Police and Fire Retirement System $667,958 $736,762

Public Employees Retirement System $203,978.50 $260,552.50

10:35 AM Old Bridge Township Fire District #1

Middlesex - NJSA 40A:5A-6

$550,000 Proposed Project Financing

Page 4 of 6

10:40 AM Harrison Township Fire District #1

Gloucester - NJSA 40A:5A-6

$475,000 Proposed Project Financing

10:45 AM Clayton Borough Board of Education

Gloucester - NJSA 18A:24-7

$10,017,000 Proposed Non-Conforming Maturity Schedule

10:50 AM Stratford Borough Board of Education

Camden - NJSA 18A:24-7

$5,206,000 Proposed Non-Conforming Maturity Schedule

10:55 AM Manchester Township Board of Education

Ocean - NJSA 18A:24-7

$8,375,000 Proposed Non-Conforming Maturity Schedule

11:00 AM Pittsgrove Township Board of Education

Salem - NJSA 18A:24-7

$1,856,000 Proposed Non-Conforming Maturity Schedule

11:05 AM Woodbury Heights Borough

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

$2,485,000 Proposed Non-Conforming Maturity Schedule

11:10 AM Hainesport Township Board of Education

Burlington - NJSA 18A:24-7

$5,658,000 Proposed Non-Conforming Maturity Schedule

11:15 AM Camden City

(Litigation Settlement)

Camden - NJSA 40A:2-51

$1,175,000 Proposed Refunding Bond Ordinance

NJSA 40A:3-1

$1,175,000 Proposed Qualified Bond Ordinance

11:20 AM Jersey City

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

$4,380,950 Proposed Non-Conforming Maturity Schedule

NJSA 40A:3-4

$4,380,950 Proposed Qualified Bond Ordinance

11:25 AM Middlesex County Improvement Authority

(Middlesex Regional Educational Services Commission Project)

Middlesex - NJSA 40A:5A-6

$6,000,000 Proposed Project Financing

NJSA 40A:5A-6

$6,000,000 Proposed County Guarantee

Page 5 of 6

11:30 AM Middlesex County Improvement Authority

(Youth Detention Center Lease Revenue Refunding Bonds)

Middlesex - NJSA 40A:5A-6

$8,000,000 Proposed Project Financing

NJSA 40A:5A-6

$8,000,000 Proposed Lease Agreement

11:35 AM Allendale Borough

(Water Bonds)

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

$946,000 Proposed Non-Conforming Maturity Schedule

(General Obligation Bonds)

NJSA 40A:2-26(e)

$4,165,000 Proposed Non-Conforming Maturity Schedule

11:40 AM Clifton City

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

$16,854,000 Proposed Non-Conforming Maturity Schedule

NJSA 40A:2-51

$17,000,000 Proposed Refunding Bond Ordinance

11:45 AM Monmouth County Improvement Authority

(County Guaranteed Pooled Governmental Loan Revenue Bonds)

Monmouth - NJSA 40A:5A-6

$60,000,000 Proposed Project Financing

NJSA 40A:5A-6

$25,115,000 Proposed County Guaranteed

11:50 AM Manchester Township

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

$20,740,000 Proposed Non-Conforming Maturity Schedule

NJSA 40A:2-46

$20,740,000 Proposed Self-Liquidating Status

NJSA 40A:2-11(c)

$20,740,000 Proposed Waiver of Down Payment

11:55 AM Wayne Township

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

$14,650,000 Proposed Non-Conforming Maturity Schedule

12:00 PM Monmouth County Bayshore Outfall Authority

(Solar Power Generating System-Belford Pumping Station)

Monmouth - NJSA 40A:5A-6

$6,000,000 Proposed Project Financing

Page 6 of 6

12:05 PM (Old Business)

Woodbridge Township

Middlesex - NJSA 40A:2-51

$17,750,000 Proposed Refunding Bond Ordinance

12:10 PM Morristown Town

(Tax Appeals)

Morris - NJSA 40A:2-51

$1,100,000 Proposed Refunding Bond Ordinance

12:15 PM Newark City

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

$20,000,000 Proposed Environmental Infrastructure Trust Loan Program

NJSA 40A:2-26(e)

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

NJSA 40A:3-1

$20,000,000 Proposed Qualified Bond Ordinance

NJSA 40A:12A-67g

$20,000,000 Proposed Redevelopment Area Bonds

NJSA 40A:12A-29(a)

$20,000,000 Proposed Private Sale of Bonds

12:20 PM Division of Local Government Services

Proposed New Rules

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.

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.