BOND ORDINANCE STATEMENTS AND SUMMARY
Ordinance No. 648- 2026
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 September 17, 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 PROVIDING FOR A CLEAN WATER PROJECT COMPRISED OF REPLACEMENT OF WATER METERS IN AND BY THE BOROUGH OF WOODBINE, IN THE COUNTY OF CAPE MAY, NEW JERSEY, APPROPRIATING ONE MILLION FOUR HUNDRED TWENTY THOUSAND DOLLARS ($1,420,000) AND AUTHORIZING THE ISSUANCE OF UP TO ONE MILLION FOUR HUNDRED TWENTY THOUSAND DOLLARS ($1,420,000) AGGREGATE PRINCIPAL AMOUNT GENERAL OBLIGATION BONDS OR NOTES OF THE BOROUGH OF WOODBINE, COUNTY OF CAPE MAY, NEW JERSEY TO FINANCE THE COST THEREOF“
Purpose: Water Meter Replacement Project to improve the Borough’s clean water system.
Appropriation: $1,420,000
Bonds/Notes Authorized: $1,420,000
Grants (if any) Appropriated: N/A
Section 20 Costs: $370,000
Useful Life: 40 years
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LAURIE E. BOYD, BOROUGH CLERK
This Notice is published pursuant to N.J.S.A. 40A:2-17.