AGENDA

LOCAL FINANCE BOARD

         DATE:  Wednesday, December 9, 2009                        LOCATION:   Department of Community Affairs

                                                                                                               Conference Room #129

                                                                                                               101 South Broad Street

                                                                                                               Trenton, New Jersey  08625-0803

          TIME:    9:00 AM

         

          I.           Roll Call

         

          II.          Certification of Public Notice

         

          III.         Local Finance Board

                       State - NJSA 40A:9-22.1 et seq.

                       Local Government Ethics Law

         

IV.                  Applications:

 

 

            9.55 AM   Division of Local Government Services

                            Proposed Adoption of New Rules

                          NJSA 52:27D-489c

                            Economic Redevelopment and Growth Grant Program

                 (P.L. 2009, Chapter 90)

 

**THE FOLLOWING FOUR (4) APPLICATIONS WILL BE CONSIDRED ON CONSENT AGENDA**

        10:00 AM  #1  Keansburg Borough                      

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

                              $3,125,000 Proposed Environmental Infrastructure Trust Loan Program

                              NJSA 40A:2-26(e)

                              $3,125,000 Proposed Non-Conforming Maturity Schedule

                        #2  Lopatcong Township                     

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

                              $3,265,000 Proposed Environmental Infrastructure Trust Loan Program

                              NJSA 40A:2-26(e)

                              $3,265,000 Proposed Non-Conforming Maturity Schedule

                        #3  Roselle Park Borough                   

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

                              $1,246,000 Proposed Environmental Infrastructure Trust Loan Program

                              NJSA 40A:2-26(e)

                              $1,246,000 Proposed Non-Conforming Maturity Schedule

 

 

Page 2 of 5

                                                        

                        #4  Clifton City                           

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

                              $1,001,000 Proposed Environmental Infrastructure Trust Loan Program

                              NJSA 40A:2-26(e)

                              $1,001,000 Proposed Non-Conforming Maturity Schedule

                              NJSA 40A:2-11(c)

                              $1,001,000 Proposed Waiver of Down Payment

 

**THE FOLLOWING THREE (3) APPLICATIONS WILL BE CONSIDERED ON CONSENT AGENDA**

        10:10 AM  #1  Roxbury Township Board of Education

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

                              $15,250,000 Proposed School Refunding Bonds

                        #2  Kinnelon Borough Board of Education

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

                              $11,500,000 Proposed School Refunding Bonds

 

                          #3                           North Brunswick Board of Education

                              3iddlesex – NJSA 18A:24-61.5

                              $21,000,000 Proposed School Refunding Bonds

 

**THE FOLLOWING ONE (1) APPLICATION WILL BE CONSIDERED ON CONSENT AGENDA**

              10:15 AM  Little Egg Harbor Township             

                              Ocean - NJSA 40A:2-51

                              $3,750,000 Proposed Refunding Bond Ordinance

 

              10:20 AM  Woodbridge Township

                              Middlesex – NJSA 40A:4-45.46

                              $3,216,150 Proposed Property Tax Levy Waiver         

              10:25 AM  Fairview Borough                       

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

                              $5,230,000 Proposed Non-Conforming Maturity Schedule

              10:30 AM  Pemberton Township                     

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

                              $4,244,000 Proposed Non-Conforming Maturity Schedule

              10:35 AM  Old Business

                              Middlesex County Improvement Authority 

                              (County Guarantee Open Space Trust Fund Revenue Bonds)

                              Middlesex - NJSA 40A:5A-6

                              $40,000,000 Proposed Project Financing

 

 

 

 

 

 

 

Page 3 of 5

              10:40 AM  West Deptford Township                 

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

                              $147,250 Proposed Extension of Credit

              10:45 AM  Bergen County Improvement Authority

                              (Yeshivat Noam Yeshiva of Bergen County)

                              Bergen - NJSA 40:37A-54(l)

                              $1,800,000 Proposed Project Financing

              10:50 AM  Bloomfield Township Parking Authority

                              (Parking Project Notes-Township of Bloomfield)

                              Essex - NJSA 40A:5A-6

                              $4,000,000 Proposed Project Financing

              10:55 AM  Weehawken Township Parking Authority

                              (Parking Revenue Project Notes)

                              Hudson - NJSA 40A:5A-6

                              $15,750,000 Proposed Project Financing

                              NJSA 40A:5A-6

                              $15,750,000 Proposed Municipal Guarantee

              11:00 AM  Hudson County Improvement Authority    

                              (County Guaranteed Pooled Notes)

                              Hudson - NJSA 40A:5A-6

                              $63,000,000 Proposed Project Financing

                              NJSA 40A:5A-6

                              $63,000,000 Proposed County Guarantee

              11:05 AM  Newark City                            

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

                              $176,472,000 Proposed Non-Conforming Maturity Schedule

                              NJSA 40A:3-1

                              $176,472,000 Proposed Qualified Bond Ordinance

                              NJSA 18A:24-90

                              $176,472,000 Qualified School Bonds Ordinance

              11:10 AM  Newark City                             

                              Essex - NJSA 40A:2-51

                              $88,400,000 Proposed Refunding Bond Ordinance

                              NJSA 40A:3-4

                              $88,400,000 Proposed Qualified Bond Ordinance

 

              11:15 AM  Newark City

                              Essex – NJSA 40A:3-1 et seq.

                              $7,055,000 Proposed Adoption of Bond Ordinance Pursuant to Qualified Bond Act

              11:20 AM  Hainesport Township Board of Education                

                              Burlington - NJSA 18A:24-7

                              $5,658,000 Proposed Non-Conforming Maturity Schedule

 

 

 

Page 4 of 5

 

              11:25 AM  City of Jersey City

                              Hudson – NJSA 40A:3-1 et seq.

                              $2,476,000 Proposed Adoption of Bond Ordinance Pursuant to Qualified Bond Act

              11:30 AM  Matawan Borough                        

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

                              $6,700,000 Proposed Environmental Infrastructure Trust Loan Program

                              NJSA 40A:2-26(e)

                              $6,700,000 Proposed Non-Conforming Maturity Schedule

 

                                    NJSA 40A:2-11c

                                    $6,700,000 Proposed Waiver of Down Payment

              11:35 AM  Somers Point City                      

                              (Tax Appeals)

                              Atlantic - NJSA 40A:2-51

                              $725,000 Proposed Refunding Bond Ordinance

              11:40 AM  Secaucus Town                          

                              (Tax Appeals)

                              Hudson - NJSA 40A:2-51

                              $1,895,000 Proposed Refunding Bond Ordinance

              11:45 AM        Secaucus Town                          

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

                              $15,608,000 Proposed Non-Conforming Maturity Schedule

              11:50 AM  South Orange Village Township                     

                              (Tax Appeals)

                              Essex - NJSA 40A:2-51

                              $2,000,000 Proposed Refunding Bond Ordinance

              11:55 AM  Vineland City                          

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

                              $100,000 Proposed Non-Conforming Maturity Schedule

                              NJSA 40A:12A-37(e)

                              $100,000 Proposed Redevelopment Project

                              NJSA 40A:12A-64

                              $100,000 Proposed Redevelopment Area Bonds        

              12:00 PM  Marlboro Township                      

                              Monmouth - NJSA 40A:5A-20

                              $24,500,000 Proposed Dissolution of Municipal Utilities Authority

                              NJSA 40A:2-46

                              $24,500,000 Proposed Self-Liquidating Status

 

               12:05 PM Proposed Creation of a Municipal

                              Consolidation Study Commission

                              NJSA 40A:65-25

 

                              Princeton  Borough

 

                              Princeton Township

 Page 5 of 5

 

 

              

 

               12:15 PM City of Atlantic City

                              Atlantic – NJSA 52:27D-489(d)

                              $82,076,069 Proposed Economic Redevelopment Growth Grant

                             

                                                 Patricia Parkin McNamara

                                                 Executive Secretary

                                                 Local Finance Board

All visitors to the Department of Community Affairs Building are required to show picture identification for admittance into the Building.

Scheduled times are approximate, please arrive 30 minutes prior to your listed time.

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

          Agenda, please follow DCA policy and contact the Department of Community Affairs Public

          Information Officer at (609) 292-6055.