BOND ORDINANCE STATEMENTS AND SUMMARY
The Bond Ordinance, the summary terms of which are included herein, has been finally adopted by the Borough of Woodbine, in the County of Cape May, State of New Jersey on May 7, 2026, 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 Clerk’s office for members of the general public who 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.