This notice was issued by the Township of Bloomfield and originally printed in Independent Press of Bloomfield on December 2, 2021. It was retrieved from the New Jersey Press Association and republished as-is and without line breaks.
BLOOMFIELD TOWNSHIP COUNCIL OF THE TOWNSHIP OF BLOOMFIELD PUBLIC NOTICE BOND ORDINANCE STATEMENTS AND SUMMARY The bond ordinance, the summary terms of which are included herein, has been finally adopted by the Township Council of the Township of Bloomfield, in the County of Essex, State of New Jersey (the Township) on November 22, 2021 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 Clerks office for members of the general public who request the same. The summary of the terms of such bond ordinance follows: Title: BOND ORDINANCE PROVIDING FOR THE 2021 CAPITAL ACQUISITIONS AND IMPROVEMENTS, BY AND IN THE TOWNSHIP OF BLOOMFIELD, IN THE COUNTY OF ESSEX, STATE OF NEW JERSEY; APPROPRIATING $600,000 THEREFOR AND AUTHORIZING THE ISSUANCE OF $570,000 BONDS OR NOTES OF THE TOWNSHIP TO FINANCE PART OF THE COST THEREOF Purpose(s): The purpose of the bond ordinance is to authorize capital acquisitions and improvements consisting of (i) upgrades and improvements to various Township buildings; (ii) upgrades to various Township parks; (iii) purchase of various equipment for the Department of Public Works; (iv) computer/IT upgrades to various Township Departments; and (v) purchase of turnout gear for the Fire Department. Appropriation: $600,000 Bonds/Notes Authorized: $570,000 Down Payment: $30,000 Section 20 Costs: $185,000 Useful Life: 7.21 years ______________________ LOUISE M. PALAGANO, Clerk of the Township of Bloomfield E105425 BIP December 2, 2021 ($22.68)