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 Borough Council of the Borough of Ramsey, in the County of Bergen, State of New Jersey, on November 12, 2025. It will be further considered for final passage, after public hearing thereon, at a meeting of the Borough Council to be held at its meeting room in the Municipal Building, 33 North Central Avenue, Ramsey, New Jersey, on November 24, 2025 at 7:00 P.M. During the week prior to and up to and including the date of such meeting copies of the full 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:
ORDINANCE NO. 25-2025
Title: BOND ORDINANCE TO AUTHORIZE THE UNDERTAKING OF VARIOUS WATER SYSTEM TREATMENT IMPROVEMENTS AT THE ARROW ROAD TREATMENT FACILITY IN, BY AND FOR THE WATER-SEWER UTILITY OF THE BOROUGH OF RAMSEY, IN THE COUNTY OF BERGEN, STATE OF NEW JERSEY, TO APPROPRIATE THE SUM OF $3,250,000 TO PAY THE COST THEREOF, TO AUTHORIZE THE ISSUANCE OF BONDS TO FINANCE SUCH APPROPRIATION AND TO PROVIDE FOR THE ISSUANCE OF BOND ANTICIPATION NOTES IN ANTICIPATION OF THE ISSUANCE OF SUCH BONDS.
Purpose(s): Undertaking of various water system treatment improvements at the Arrow Road Treatment Facility in, by and for the Water-Sewer Utility of the Borough.
Appropriation: $3,250,000
Bonds/Notes Authorized: $3,250,000
Grants (if any) Appropriated: $-0-
Section 20 Costs: $600,000
Useful Life: 20 years
This Notice is published pursuant to N.J.S.A. 40A:2-17.
____________________________
Meredith Bendian, RMC
Borough Clerk
Borough of Ramsey
County of Bergen
State of New Jersey
November 17 2025
LNYS0403598
$46.64