Bond Ordinance Statements and Summary The bond ordinance, the summary terms of which are included herein, has been finally adopted by the Borough Council of the Borough of Brooklawn, in the County of Camden, State of New Jersey on September 16, 2024 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 Borough Clerk's office, 301 Christiana Street, Brooklawn, New Jersey, for members of the general public who request the same. The summary of the terms of such bond ordinance follows: Title: BOND ORDINANCE AUTHORIZING WATER PLANT REHABILITATION, RENOVATIONS AND IMPROVEMENTS IN AND FOR THE BOROUGH OF BROOKLAWN, COUNTY OF CAMDEN, NEW JERSEY; APPROPRIATING THE SUM OF $200,000 THEREFOR; AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS OR BOND ANTICIPATION NOTES OF THE BOROUGH OF BROOKLAWN, COUNTY OF CAMDEN, NEW JERSEY, IN THE AGGREGATE PRINCIPAL AMOUNT OF UP TO $190,000; MAKING CERTAIN DETERMINATIONS AND COVENANTS; AND AUTHORIZING CERTAIN RELATED ACTIONS IN CONNECTION WITH THE FOREGOING Purpose/Improvement Estimated Total Cost Down Payment Amount of Obligations Period of Usefulness A. Rehabilitation, renovation and improvements to the Borough Water Plant, together with the acquisition of all materials and equipment and completion of all work necessary therefor or related thereto. $200,000 $10,000 $190,000 15 years Appropriation: $200,000 Bonds/Notes Authorized: $190,000 Grants (if any) Appropriated: $0 Section 20 Costs: $40,000 Useful Life: 15 years RYAN GILES, Borough Clerk This Notice is published pursuant to N.J.S.A. 40A:2-l 7. Dated:9/25/24 Prt's Fee:$40.20 Affidavit Fee:$5.00