TOWNSHIP OF WINSLOW Bond Ordinance Statements and Summary

TOWNSHIP OF WINSLOW Bond Ordinance Statements and Summary The bond ordinance, the summary terms of which are included herein, has been finally adopted by the Mayor and Township Committee of the Township of Winslow, in the County of Camden, State of New Jersey on November 25, 2025 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 Township Clerk's office at the Winslow Township Municipal Building, 125 South Route 73, Braddock, New Jersey 08037, for members of the general public who request the same. The summary of the terms of such bond ordinance follows: Title: BOND ORDINANCE AUTHORIZING THE ACQUISITION OF VARIOUS CAPITAL EQUIPMENT FOR THE DEPARTMENT OF PUBLIC WORKS OF THE TOWNSHIP OF WINSLOW, COUNTY OF CAMDEN, NEW JERSEY; APPROPRIATING THE SUM OF $4,300,000 THEREFOR; AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS OR BOND ANTICIPATION NOTES OF THE TOWNSHIP OF WINSLOW, COUNTY OF CAMDEN, NEW JERSEY, IN THE AGGREGATE PRINCIPAL AMOUNT OF UP TO $4,085,000; MAKING CERTAIN DETERMINATIONS AND COVENANTS; AND AUTHORIZING CERTAIN RELATED ACTIONS IN CONNECTION WITH THE FOREGOING Purpose/ Estimated Down Amount of Period Of Improvement Total Cost Payment Obligations Usefulness A. Acquisition of Various $3,990,000 $199,500 $3,790,500 15 Years Heavy Vehicles for the Public Works Department including, but not limited to, Rear Load and Side Load Trash Trucks, together with the acquisition of all materials and equipment and completion of all work necessary therefor or related thereto B. Acquisition of a Utility $100,000 $5,000 $95,000 5 years Truck for the Public Works Department,together with the acquisition of all materials and equipment and completion of all work necessary therefor or related thereto C. Acquisition of Various $175,000 $8,750 $166,250 15 years Heavy Equipment for the Public Works Department including, but not limited to, Lift Stands, together with the acquisition of all materials and equipment and completion of all work necessary therefor or related thereto D. Acquisition of a Wooden $35,000 $1,750 $33,250 20 years Prefabricated Shed/Barn, together with the acquisition of all materials and equipment and completion of all work necessary therefor or related thereto Appropriation: $4,300,000 Bonds/Notes Authorized: $4,085,000 Grants (if any) Appropriated: $0 Section 20 Costs: $875,000 Useful Life: 14.80 years LISA DORITY, Municipal Clerk This Notice is published pursuant to N.J.S.A. 40A:2-17. December 2 2025 LNYS0415898 $70.98