Noticed of Bond Ordinance Introduction -1500-26

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 Caldwell, in the County of Essex, State of New Jersey, on July 21, 2026.  It will be further considered for final passage, after public hearing thereon, at a meeting of the governing body to be held at the Saint Aloysius Church Gymnasium located at 219 Bloomfield Avenue, in the Borough of Caldwell on August 11, 2026 at 7 o'clock p.m.  During the week prior to and up to and including the date of such meeting, copies of the full bond 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:

Title: BOND ORDINANCE PROVIDING FOR VARIOUS CAPITAL IMPROVEMENTS IN AND BY THE BOROUGH OF CALDWELL, IN THE COUNTY OF ESSEX, NEW JERSEY, APPROPRIATING $1,290,300 THEREFOR AND AUTHORIZING THE ISSUANCE OF $1,228,600 BONDS OR NOTES OF THE BOROUGH TO FINANCE PART OF THE COST THEREOF

Purposes:

Purpose	Appropriation & Estimated Cost	Estimated Maximum Amount of Bonds & Notes	Period of Usefulness
a) Administration The acquisition of printers with plotter, including all related costs and expenditures incidental thereto.	$35,000	$33,300	5 years
b) Public Works 1) The acquisition of a service truck, including all work and materials necessary therefor and incidental thereto.   2) The acquisition of a garbage truck, including all related costs and expenditures incidental thereto.	$80,000         $152,200	$76,100         $144,900	5 years         10 years
c) Facilities 1) The acquisition and installation of borough-wide welcome signs, including all related costs and expenditures incidental thereto and further including work and materials necessary therefor and incidental thereto.	$2,000	$1,900	15 years
2) The acquisition and installation of a new roof at the Department of Public Works Building, including all related costs and expenditures incidental thereto and further including work and materials necessary therefor and incidental thereto.	$90,000	$85,700	15 years
3) The reconstruction of the retaining wall at Smull Avenue Parking Lot, including all work and materials necessary therefor and incidental thereto.	$931,100	$886,700	30 years
Total	$1,290,300	$1,228,600

Appropriation: $1,290,300

Bonds/Notes Authorized: $1,228,600

Grant Appropriated: N/A

Section 20 Costs: $106,100

Useful Life:  24.34 years

Brittany Heun, Clerk

This Notice is published pursuant to N.J.S.A. 40A:2-17.

The date of first posting of this Notice is July 22, 2026.