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Category: Notices Legal Notices
Source: NMG Classifieds
Listed: Fri Sep 13th


BOND ORDINANCE STATEMENT AND SUMMARY The bond ordinance, the summary terms of which are included herein, has been finally adopted by the Borough of Pennington, in the County of Mercer, State of New Jersey on September 9, 2024 and the 20 day period of limitation within which a suit, action or proceeding questioning the validity of such bond 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 bond 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 REPAIRS TO WELLS FOR THE WATER AND SEWER UTILITY IN AND BY THE BOROUGH OF PENNINGTON, IN THE COUNTY OF MERCER, NEW JERSEY, APPROPRIATING $80,000 THEREFOR AND AUTHORIZING THE ISSUANCE OF $80,000 BONDS OR NOTES OF THE BOROUGH TO FINANCE THE COST THEREOF Purpose: Repairs to wells for the Water and Sewer Utility, including all work and materials necessary therefor and incidental thereto Appropriation: $80,000 Bonds/Notes Authorized: $80,000 Grant Appropriated: N/A Section 20 Costs: $7,000 Useful Life: 20 years Elizabeth Sterling, Clerk 1x, HV, 9/13/24, Fee:$23.25, Affidavit Fee:$15.00
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