ORDINANCE NO. O-6-2026-016 INTRODUCTION
July 1, 2026
MONROE TOWNSHIP, MIDDLESEX COUNTY
ORDINANCE NO.: O-6-2026-016
NOTICE OF PENDING BOND ORDINANCE AND SUMMARY
The bond ordinance, the summary terms of which are included herein, was introduced and passed upon first reading at a meeting of the governing body of the Township of Monroe, in the County of Middlesex, State of New Jersey, on June 29, 2026. It will be further considered for final passage, after public hearing thereon, at a meeting of the governing body to be held at the Municipal Building, One Municipal Plaza, in the Township on August 3, 2026 at 6:30 p.m. During the week prior to and up to and including the date of such meeting, copies of the full bond ordinance will be available at no cost and during regular business hours at the Clerk's office for the members of the general public who shall request the same. The summary of the terms of such bond ordinance follows:
Title: "BOND ORDINANCE PROVIDING FOR VARIOUS IMPROVEMENTS TO THE WATER-SEWER UTILITY IN AND BY THE TOWNSHIP OF MONROE, IN THE COUNTY OF MIDDLESEX, NEW JERSEY, APPROPRIATING $4,368,200 THEREFOR AND AUTHORIZING THE ISSUANCE OF $4,368,200 BONDS OR NOTES OF THE TOWNSHIP TO FINANCE THE COST THEREOF"
Purposes:
|
Purpose |
Appropriation & Estimated Cost |
Estimated Maximum Amount of |
Period of Usefulness |
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|
a) Applegarth 3.5 MG Hydro Pillar Water Storage Tank rehabilitation and painting of both the exterior and interior including all work and materials necessary therefor and incidental thereto. |
$2,470,550 |
$2,470,550 |
15 years |
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|
b) Relocation of water main, including all work and materials necessary therefor and incidental thereto. |
$262,650 |
$262,650 |
40 years |
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|
c) Improvement to the storage facility, including all related costs and expenditures incidental thereto. |
$825,000 |
$825,000 |
10 years |
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|
d) Acquisition of a utility truck, including all related costs and expenditures incidental thereto. |
$105,000 |
$105,000 |
5 years |
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|
e) Replacement of meters, and encoder receiver transmitters, including all related costs and expenditures incidental thereto. |
$705,000 |
$705,000 |
10 years |
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|
Total: |
$4,368,200 |
$4,368,200 |
Appropriation: $4,368,200
Bonds/Notes Authorized: $4,368,200
Grant Appropriated: N/A
Section 20 Costs: $395,000
Useful Life: 14.51 years
Christine Robbins, Township Clerk
This Notice is published pursuant to N.J.S.A. 40A:2-17.
The date of first posting of this Notice is July 1, 2026.