AGENDA

LOCAL FINANCE BOARD

         DATE:         Wednesday, June 9, 2004         LOCATION:         Department of Community Affairs

                        Conference Room #129

                        101 South Broad Street

                              Trenton, New Jersey  08625-0803

          TIME:    9:00 a.m.

         

          I.           Roll Call

         

          II.          Certification of Public Notice

         

          III.         Local Finance Board

                       State - NJSA 40A:9-22

                       Local Government Ethics Law

         

          IV.         Applications:

** THE FOLLOWING EIGHTEEN (18) APPLICATIONS WILL BE CONSIDERED ON A CONSENT AGENDA**   

 

10:30 am        #1    Berkeley Heights Township              

                        Union - NJSA 58:11B-9(a)

                        $700,000 Proposed Environmental Infrastructure Trust Program

                        NJSA 40A:2-26(e)

                        $700,000 Proposed Non-Conforming Maturity Schedule

                      #2                            Allamuchy Township                     

                        Warren - NJSA 58:11B-9(a)

                        $950,000 Proposed Environmental Infrastructure Trust Program

                        NJSA 40A:2-26(e)

                        $950,000 Proposed Non-Conforming Maturity Schedule

                      #3           Mount Laurel Township Municipal Utilities Authority

                        Burlington - NJSA 58:11B-9(a)

                        $19,250,000 Proposed Environmental Infrastructure Trust Program

                        NJSA 40A:5A-6

                        $19,250,000 Proposed Project Financing

                      #4       Burlington County                      

                        Burlington - NJSA 58:11B-9(a)

                        $4,000,000 Proposed Environmental Infrastructure Trust Program

                        NJSA 40A:2-26(e)

                        $4,000,000 Proposed Non-Conforming Maturity Schedule

 

 

 

 

 

 

 

Page 2 of 7

 

                       #5     Atlantic County Utilities Authority    

                        Atlantic - NJSA 58:11B-9(a)

                        $5,250,000 Proposed Environmental Infrastructure Trust Program

                        NJSA 40A:5A-6

                        $5,250,000 Proposed Project Financing         

                      #6      Merchantville - Pennsauken Water Commission

                        Camden - NJSA 58:11B-9(a)

                        $3,300,000 Proposed Environmental Infrastructure Trust Program

                        NJSA 40A:5A-6

                        $3,300,000 Proposed Project Financing

                      #7     Old Bridge Township                    

                        Middlesex - NJSA 58:11B-9(a)

                        $6,000,000 Proposed Environmental Infrastructure Trust Program

                        NJSA 40A:2-26(e)

                        $6,000,000 Proposed Non-Conforming Maturity Schedule

                      #8       Voorhees Township                      

                        Camden - NJSA 58:11B-9(a)

                        $6,440,000 Proposed Environmental Infrastructure Trust Program

                        NJSA 40A:2-26(e)

                        $6,440,000 Proposed Non-Conforming Maturity Schedule

                      #9        Rahway Valley Sewerage Authority

                        Union - NJSA 58:11B-9(a)

                        $140,333,382 Proposed Environmental Infrastructure Trust Program

                        NJSA 40A:5A-6

                        $140,333,382 Proposed Project Financing                                 

                    #10                   Montclair Township                  

                        Essex - NJSA 58:11B-9(a)

                        $970,000 Proposed Environmental Infrastructure Trust Program

                        NJSA 40A:2-11

                        $970,000 Proposed Waiver of Down Payment

                        NJSA 40A:2-26(e)

                                  $970,000 Proposed Non-Conforming Maturity Schedule

                     #11       Trenton City                           

                        Mercer - NJSA 58:11B-9(a)

                        $12,700,000 Proposed Environmental Infrastructure Trust Program

                        NJSA 40A:2-26(e)

                        $12,700,000 Proposed Non-Conforming Maturity Schedule

                    #12    Middlesex Borough                      

                        Middlesex - NJSA 58:11B-9(a)

                        $1,800,000 Proposed Environmental Infrastructure Trust Program

                        NJSA 40A:2-26(e)

                        $1,800,000 Proposed Non-Conforming Maturity Schedule

                        NJSA 40A:2-11

                        $1,800,000 Proposed Waiver of Down Payment

 

 

 

 

 

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                    #13         Ewing-Lawrence Sewerage Authority      

                        Mercer - NJSA 58:11B-9(a)

                        $7,250,000 Proposed Environmental Infrastructure Trust Program

                        NJSA 40A:5A-6

                        $7,250,000 Proposed Project Financing         

                    #14                   Ridgewood Village                      

                        Bergen - NJSA 58:11B-9(a)

                        $2,700,000 Proposed Environmental Infrastructure Trust Program

                        NJSA 40A:2-11

                        $2,700,000 Proposed Waiver of Down Payment

                        NJSA 40A:2-26(e)

                        $2,700,000 Proposed Non-Conforming Maturity Schedule

                    #15        Clinton Township Sewerage Authority    

                        Hunterdon - NJSA 58:11B-9(a)

                        $625,000 Proposed Environmental Infrastructure Trust Program

                        NJSA 40A:5A-6

                        $625,000 Proposed Project Financing

                    #16        Ocean County Utilities Authority

                        Ocean - NJSA 58:11B-9(a)

                        $12,000,000 Proposed Environmental Infrastructure Trust Program

                        NJSA 40A:5A-6

                        $12,000,000 Proposed Project Financing

                    #17          North Hudson Sewerage Authority        

                        Hudson - NJSA 58:11B-9(a)

                        $16,000,000 Proposed Environmental Infrastructure Trust Program

                        NJSA 40A:5A-6

                        $16,000,000 Proposed Project Financing

                    #18                   Somerset-Raritan Valley Sewerage Authority

                        Somerset - NJSA 58:11B-9(a)

                        $6,500,000                        Proposed Environmental Infrastructure Trust Program

                        NJSA 40A:5A-6

                        $6,500,000 Proposed Project Financing

 

**THE FOLLOWING TWO (2) APPLICATIONS WILL BE CONSIDERED ON A CONSENT AGENDA**

      10:45 am #1      Mount Olive Township Board of Education

                        Morris - NJSA 18A:24-61.5(1)

                        $34,500,000 Proposed School Refunding Bonds

                    #2  Franklin Lakes Borough Board of Education

                        Bergen - NJSA 18A:24-61.5(1)

                        $6,000,000 Proposed School Refunding Bonds

 

          10:50 am                        Paterson City

                        Passaic - NJSA 58:11B-9(a)

                        $6,538,000 Proposed Environmental Infrastructure Trust Program

                        NJSA 40A:2-26(e)

                        $6,538,000 Proposed Non-Conforming Maturity Schedule

                        NJSA 40A:3-1

                        $857,000 Proposed Qualified Bond Ordinance

 

Page 4 of 7

 

          10:55 pm "Old Business"

                           Essex County Improvement Authority     

                        Essex - NJSA 40A:5A-24

                             $14,000,000 Proposed Renewal of Notes

              11:00 am Ventnor City                           

                        Atlantic - NJSA 40A:2-51

                        $620,000 Proposed Refunding Bond Ordinance (ERI)

          11:05 am       Jamesburg Board of Education           

                        Middlesex - NJSA 18A:24-61.5(1)

                        $5,100,000 Proposed School Refunding Bonds

          11:10 am          Jefferson Township                     

                        Morris - NJSA 40A:2-26(e)

                        $3,120,000 Proposed Non-Conforming Maturity Schedule

          11:15 am           Norwood Borough                        

                        Bergen - NJSA 40A:2-26(e)

                        $2,755,000 Proposed Non-Conforming Maturity Schedule

          11:20 am Parsippany-Troy Hills Township Fire District #4      

                        Morris - NJSA 40A:5A-6

                        $425,000 Proposed Project Financing

              11:25 am             “Old Business”

                                   Cranford Township                      

                        Union - NJSA 58:11B-9(a)

                        $2,121,680 Proposed Environmental Infrastructure Trust Program

                        NJSA 40A:2-26(e)

                               $2,121,680 Proposed Non-Conforming Maturity Schedule

          11:30 am       Old Tappan Borough                     

                        Bergen - NJSA 40A:2-26(e)

                        $5,022,000 Proposed Non-Conforming Maturity Schedule

          11:35 am Passaic City                           

                        Passaic - NJSA 40A:2-51

                        $4,500,000 Proposed Refunding Bond Ordinance

                        NJSA 40A:3-1

                        $4,500,000 Proposed Qualified Bond Ordinance

 

               11:40 am      Barnegat Township                      

                        Ocean - NJSA 58:11B-9(a)

                        $2,400,000 Proposed Environmental Infrastructure Trust Program

                        NJSA 40A:2-26(e)

                        $2,400,000 Proposed Non-Conforming Maturity Schedule

               11:45 am  Beachwood Borough                      

                        Ocean - NJSA 58:11B-9(a)

                        $600,000 Proposed Environmental Infrastructure Trust Program

 

                        NJSA 40A:2-26(e)

                        $600,000 Proposed Non-Conforming Maturity Schedule

              11:50 am        Bergen County Utilities Authority      

                        Bergen - NJSA 40A:5A-6

                               $2,000,000 Proposed Project Financing (ERI)

 

 

 

 

Page 5 of 7

 

              11:55 am   Hawthorne Borough                       

                        Passaic - NJSA 58:11B-9(a)

                        $2,000,000 Proposed Environmental Infrastructure Trust Program

                        NJSA 40A:2-11

                        $2,000,000 Proposed Waiver of Down Payment

                        NJSA 40A:2-26(e)

                        $2,000,000 Proposed Non-Conforming Maturity Schedule

              12:00 pm        Verona Township

                        Essex - NJSA 58:11B-9(a)

                        $1,769,570 Proposed Environmental Infrastructure Trust Program

                        NJSA 40A:2-26(e)

                        $1,769,570 Proposed Non-Conforming Maturity Schedule

              12:05 pm Readington Township                    

                        Hunterdon - NJSA 58:11B-9(a)

                        $775,000 Proposed Environmental Infrastructure Trust Program

                        NJSA 40A:2-26(e)

                        $775,000 Proposed Non-Conforming Maturity Schedule

                        NJSA 40A:2-11

                        $775,000 Proposed Waiver of Down Payment          

          12:10 am       Maplewood Township                      

                        Essex - NJSA 40A:2-11

                        $12,355,000 Proposed Waiver of Down Payment

 

              12:15 am                        West Cape May Borough                  

                        Cape May - NJSA 40A:2-26(e)

                        $576,000 Proposed Non-Conforming Maturity Schedule

          12:20 am Trenton City                            

                        Mercer - NJSA 40A:3-1

                        $1,980,000 Proposed Qualified Bond Ordinance

          12:25 am  Bergen County Improvement Authority

                        Bergen - NJSA 18A:24-7

                        $26,000,000 Proposed Non-Conforming Maturity Schedule

                        (Board of Education of the City of Englewood)

                                        NJSA 40A:5A-7

                        $26,000,000 Proposed County Guarantee

                        NJSA 40A:5A-6

                        $26,000,000 Proposed Project Financing

              12:30 am             “Old Business”

                        Cape May City                          

                        Cape May - NJSA 58:11B-9(a)

                        $5,160,000 Proposed Environmental Infrastructure Trust Program

                        NJSA 40A:2-26(e)

                               $5,160,000 Proposed Non-Conforming Maturity Schedule

          12:35 pm  West Deptford Township                 

                        Gloucester - NJSA 40A:2-7(d)

                                  $842,750 Proposed Extension of Credit

 

 

 

 

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          12:40 pm       Gloucester County Improvement Authority

                        Gloucester - NJSA 40A:5A-6

                        $6,500,000 Proposed Project Financing

                        NJSA 40:37A-80

                               $6,500,000 Proposed County Guarantee

              12:45 pm       Passaic County                         

                        Passaic - NJSA 40A:2-51

                        $55,000,000 Proposed Refunding Bond Ordinance

          12:50 pm Sussex County                          

                        Sussex - NJSA 40A:2-26(e)

                        $15,824,000 Proposed Non-Conforming Maturity Schedule

          12:55 pm   Island Heights Borough                 

                        Ocean - NJSA 40A:2-26(e)

                        $361,000 Proposed Non-Conforming Maturity Schedule

            1:00 pm           Montville Township Fire District #3               

                        Morris - NJSA 40A:5A-6

                        $820,000 Proposed Project Financing

            1:05 pm         Somerset County Improvement Authority

                        Somerset - NJSA 40:37A-54(1)

                        $2,000,000 Proposed Project Financing

                                (Not for Profit)

            1:10 pm            Fairfield Township                     

                        Essex - NJSA 40A:2-26(e)

                        $4,228,000 Proposed Non-Conforming Maturity Schedule

            1:15 pm         Somerset County Improvement Authority

                        Somerset - NJSA 40A:5A-6

                        $2,500,000 Proposed Project Financing

                        NJSA 40A:5A-7

                        $2,500,000 Proposed County Guarantee

            1:20 pm    Union County Improvement Authority     

                        Union - NJSA 40A:5A-6

                        $25,000,000 Proposed Project Financing

                        (Elizabeth Ferry Facility)

                        NJSA 40:37A-80

                        $25,000,000 Proposed County Guarantee

            1:25 pm    Union County Improvement Authority     

                        Union - NJSA 40A:5A-6

                        $46,000,000 Proposed Project Financing

                        (Juvenile Detention Center)

                        NJSA 40A:5A-7

                        $46,000,000 Proposed Lease Agreement

            1:30 pm    Union County Improvement Authority     

                        Union - NJSA 40A:5A-6

                        $15,000,000 Proposed Project Financing

                                (Capital Equipment Lease)

                        NJSA 40A:5A-7

                        $15,000,000 Proposed Security Agreement

 

 

 

Page 7 of 7

 

                 1:35 pm  Newark City                            

                        Essex - NJSA 58:11B-9(a)

                        $29,500,000 Proposed Environmental Infrastructure Trust Program

                        NJSA 40A:3-1

                        $29,500,000 Proposed Qualified Bond Ordinance

                        NJSA 40A:2-26(e)

                        $29,500,000 Proposed Non-Conforming Maturity Schedule

            1:40 pm   Morris County Improvement Authority

                        Morris - NJSA 40A:5A-6

                        $10,000,000 Proposed Project Financing

                        NJSA 40:37A-80

                        $10,000,000 Proposed County Guarantee        

            1:45 pm Wildwood City                           

                        Cape May - NJSA 40A:5A-25

                        $275,000 Proposed Water Rate Increase

 

                

                        Patricia Parkin McNamara

                        Executive Secretary

                        Local Finance Board

          Representatives of the News Media with a desire for further information regarding this Agenda, please

          follow DCA policy and contact E.J. Miranda, Department of Community Affairs Public Information

          Officer, (609) 292-6055.