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 Borough of Woodbine, in the County of Cape May, State of New Jersey, held on April 16, 2026, at the Woodbine Municipal Building. It will be further considered for final passage, after public hearing thereon, at a meeting of the governing body to be held on May 7, 2026, at 7:30 o’clock p.m. held at the Woodbine Municipal Building. 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 Borough Clerk’s Office located in the Municipal Building, 501 Washington Avenue, Woodbine, New Jersey 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 APPROPRIATING ONE MILLION FIVE HUNDRED THOUSAND DOLLARS ($1,500,000) AND AUTHORIZING THE ISSUANCE OF UP TO ONE MILLION FIVE HUNDRED THOUSAND DOLLARS ($1,500,000) AGGREGATE PRINCIPAL AMOUNT GENERAL OBLIGATION BONDS OR NOTES OF THE BOROUGH OF WOODBINE, COUNTY OF CAPE MAY, NEW JERSEY FOR THE CONSTRUCTION OF WATER SYSTEM IMPROVEMENTS ON MADISON AND WASHINGTON AVENUES LOCATED WITHIN THE BOROUGH”
Purpose: Construction of Various Improvements to the Borough’s Drinking Water System on Madison Avenue and Washington Avenue.
Appropriation: $1,500,000
Bonds/Notes Authorized: $1,500,000
Grants (if any) Appropriated: N/A
Section 20 Costs: $400,000
Useful Life: 40.00 years
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LAURIE E. BOYD, BOROUGH CLERK
This Notice is published pursuant to N.J.S.A. 40A:2-17.
