AGENDA

LOCAL FINANCE BOARD

         DATE:  Wednesday, September 9, 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 et seq.

                       Local Government Ethics Law

         

IV.                  Applications:

 

**THE FOLLOWING FIFTEEN (15) APPLICATIONS WILL BE CONSIDERED ON CONSENT AGENDA**

        10:00 AM  #1  Hawthorne Borough                      

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

                              $700,000 Proposed Environmental Infrastructure Trust Loan Program

                              NJSA 40A:2-26(e)

                              $700,000 Proposed Non-Conforming Maturity Schedule

                        #2  Sussex Borough

                              Sussex - 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

                        #3  Glen Ridge Borough                     

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

                              $2,760,000 Proposed Environmental Infrastructure Trust Loan Program

                              NJSA 40A:2-26(e)

                              $2,760,000 Proposed Non-Conforming Maturity Schedule

                              NJSA 40A:2-11(c)

                              $2,760,000 Proposed Waiver of Down Payment

 

 

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                        #4  Mount Olive Township                   

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

                              $524,700 Proposed Environmental Infrastructure Trust Loan Program

                              NJSA 40A:2-26(e)

                              $524,700 Proposed Non-Conforming Maturity Schedule

                        #5  Burlington County                      

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

                              $6,250,000 Proposed Environmental Infrastructure Trust Loan Program

                              NJSA 40A:2-26(e)

                              $6,250,000 Proposed Non-Conforming Maturity Schedule

                        #6  Point Pleasant Beach Borough           

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

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

                              NJSA 40A:2-26(e)

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

                              NJSA 40A:2-11(c)

                              $3,000,000 Proposed Waiver of Down Payment

                        #7  Roosevelt Borough                      

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

                              $565,000 Proposed Environmental Infrastructure Trust Loan Program

                              NJSA 40A:2-26(e)

                              $565,000 Proposed Non-Conforming Maturity Schedule

                        #8  Delran Sewerage Authority              

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

                              $1,600,000 Proposed Environmental Infrastructure Trust Loan Program

                              NJSA 40A:5A-6

                              $1,600,000 Proposed Project Financing

                        #9  Stone Harbor Borough                   

                              Cape May - NJSA 58:11B-9(a)

                              $4,500,000 Proposed Environmental Infrastructure Trust Loan Program

                              NJSA 40A:2-26(e)

                              $4,500,000 Proposed Non-Conforming Maturity Schedule

                              NJSA 40A:2-11(c)

                              $3,000,000 Proposed Waiver of Down Payment

 

Page 3 of 7

                       #10  Oradell Borough                        

                              Bergen - 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

                              NJSA 40A:2-11(c)

                              $750,000 Proposed Waiver of Down Payment

                       #11  Wanaque Borough                        

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

                              $2,304,000 Proposed Environmental Infrastructure Trust Loan Program

                              NJSA 40A:2-26(e)

                              $2,304,000 Proposed Non-Conforming Maturity Schedule

                       #12  Boonton Town                           

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

                              $1,450,000 Proposed Environmental Infrastructure Trust Loan Program

                              NJSA 40A:2-26(e)

                              $1,450,000 Proposed Non-Conforming Maturity Schedule

                       #13  New Jersey Water Supply Authority

                              (Manasquan Reservoir System)

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

                              $4,500,000 Proposed Environmental Infrastructure Trust Loan Program

                    #14     New Jersey Water Supply Authority

                              (Delaware Raritan System)

                              NJSA 58:11B-9(a)

                              $3,500,000 Proposed Environmental Infrastructure Trust Loan Program

                       #15  Old Business

                              Willingboro Municipal Utilities Authority

                              Burlington - NJSA 40A:5A-6

                              $22,000,000 Proposed Project Financing

                              NJSA 58:11B-9(a)

                              $22,000,000 Proposed Environmental Infrastructure Trust Loan Program

 

**THE FOLLOWING THREE (3) APPLICATIONS WILL BE CONSIDERED ON CONSENT AGENDA**

        10:10 AM  #1  Middletown Township Board of Education

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

                              $63,500,000 Proposed School Refunding Bonds

                        #2  Commercial Township Board of Education

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

                              $2,500,000 Proposed School Refunding Bonds

 

 

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                        #3  Franklin Township Board of Education

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

                              $2,400,000 Proposed School Refunding Bonds

 

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

        10:15 AM  #1  Delran Township                        

                              Burlington - NJSA 40A:2-51

                              $4,750,000 Proposed Refunding Bond Ordinance

                        #3  Harrison Township

                              Gloucester - NJSA 40A:2-51

                              $3,600,000 Proposed Refunding Bond Ordinance

 

**THE FOLLOWING APPLICATION WILL BE CONSIDERED ON CONSENT AGENDA**

 

              10:20 AM  Proposed Requests for Pension Deferrals

                              NJSA 43:15A-24(c)

                              NJSA 43:16A-15(9)

 

                                                                        Deferred Amount                     Billed Amount

        Piscataway Township – Middlesex

        Police and Fire Retirement System                   $986,421                                 $1,086,721

        Public Employees Retirement System                 449,766                                     574,510   

                             

 

             10:25 AM   CAP Waiver Requests

                              (See CAP Waiver Agenda)                            

              12:15 PM  Wood-Ridge Borough                     

                              (Tax Appeals)

                              Bergen - NJSA 40A:2-51

                              $355,000 Proposed Refunding Bond Ordinance

 

              12:20 PM        Buena Vista Township

                              Atlantic - NJSA 40A:4-45.46

                              $151,945 Proposed Property Tax Levy Waiver

 

              12:25 PM        Gloucester City

                              Gloucester – NJSA 40A:4-45.46

                              $332,357 Proposed Property Tax Levy Waiver             

              12:35 PM  Edison Township                        

                              Middlesex - NJSA 40A:4-3.1(c)

                              Proposed Conversion to Calendar Year

              12:40 PM        Clifton City                           

                              Passaic - NJSA 40A:2-51

                              $1,250,000 Proposed Refunding Bond Ordinance

 

 

 

 

Page 5 of 7

              12:45 PM  Atlantic County Improvement Authority  

                              Atlantic - NJSA 40:48-8.33(b)

                              $500,000 Proposed Use of Luxury Tax Funds

              12:50 PM  East Windsor Township

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

                              $14,278,000 Proposed Non-Conforming Maturity Schedule

              12:55 PM  Camden County Improvement Authority    

                              (County Capital Program)

                              Camden - NJSA 40A:5A-6

                              $41,000,000 Proposed County Guarantee

                              Camden - NJSA 40A:5A-6

                              $41,000,000 Proposed Project Financing

                1:00 PM  Camden County Improvement Authority    

                              (Cooper Health System Project)

                              Camden - NJSA 40:37A-54(l)

                              $10,000,000 Proposed Project Financing

                1:05 PM  Middlesex County Improvement Authority 

                              (The Meadows at Middlesex Golf Course Project)

                              Middlesex - NJSA 40A:5A-6

                              $5,500,000 Proposed County Guarantee

                              Middlesex - NJSA 40A:5A-6

                              $5,500,000 Proposed Project Financing

                1:10 PM  Cumberland County Improvement Authority

                              (Vineland Municipal Electric Utility Project)

                              Cumberland - NJSA 40A:5A-6

                              $60,000,000 Proposed Project Financing

                              Vineland City                           

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

                              $60,000,000 Proposed Non-Conforming Maturity Schedule 

                1:15 PM  Perth Amboy City                       

                              Middlesex - NJSA 40A:3-1

                              $20,600,000 Proposed Qualified Bond Ordinance

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

                              $20,600,000 Proposed Waiver of Down Payment

                1:20 PM  Edgewater Borough                      

                              Bergen - NJSA 40A:4-3.1(c)

                              Proposed Conversion to Calendar Year

                1:25 PM  Toms River Township

                              Ocean - NJSA 40A:4-3.1(c)

                              Proposed Conversion to Calendar Year

 

 

Page 6 of 7

                1:30 PM  South Plainfield Borough               

                              Middlesex - NJSA 40A:4-3.1(c)

                              Proposed Conversion to Calendar Year

                1:35 PM  Dunellen Borough                       

                              Middlesex - NJSA 40A:4-3.1(c)

                              Proposed Conversion to Calendar Year

                1:40 PM  Wanaque Borough                        

                              Passaic - NJSA 40A:5A-20

                              Proposed Dissolution of Sewerage Authority

                1:45 PM  Hudson County Improvement Authority    

                              (Bayonne Local Redevelopment Agency)

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

                              $23,000,000 Proposed Environmental Infrastructure Trust Loan Program

                              NJSA 40A:5A-6

                              $23,000,000 Proposed Project Financing       

                              NJSA 40A:5A-6

                              $23,000,000 Proposed County Guarantee

                              NJSA 40A:5A-6

                              $23,000,000 Proposed Municipal Guarantee

                              NJSA 40A:12A-67g

                              $23,000,000 Proposed Redevelopment Area Bonds

                              Bayonne Redevelopment Agency

                              NJSA 40A:5A-6

                              $23,000,000 Proposed Project Financing

                1:50 PM  Jersey City Municipal Utilities Authority

                              Hudson - NJSA 40A:5A-6

                              $4,200,000 Proposed Project Financing

                              Hudson - NJSA 40A:5A-6

                              $7,000,000 Proposed Project Financing

                1:55 PM  Hudson County Improvement Authority                          

                              (County Guaranteed Pooled Notes)

                              Town of Harrison

                              Hudson - NJSA 40A:5A-6

                              $8,200,000 Proposed Project Financing

                              County of Hudson

                              Hudson - NJSA 40A:5A-6

                              $11,500,000 Proposed Project Financing

                              Township of Weehawken

                              Hudson - NJSA 40A:5A-6

                              $10,000,000 Proposed Project Financing

 

 

 

Page 7 of 7

                             

 

                2:00 PM  Carteret Municipal Port Authority

                              Middlesex – NJSA 40A:68A-43.1

                              Proposed Approval of Annual Budget

 

                2:05 PM  Consideration of Director’s Recommendation

                              For State Aid to Certain Municipalities Under

                              The Special Municipal Aid Act

 

                              Harrison Town

 

 

                2:10 PM  Hoboken City

                              Hudson – NJSA 52:27BB-54 et seq.

                              Proposed Extension of Supervision Act

 

 

                                                         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.