TOWNSHIP OF VERONA NOTICE OF PENDING BOND ORDINANCE AND SUMMARY ORDINANCE No. 2024-27 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 Township of Verona, in the County of Essex, State of New Jersey, on July 1, 2023. It will be further considered for final passage, after public hearing thereon, at a meeting of the governing body to be held at the Municipal Building, in the Township on July 22, 2023 at 7o'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 THE ACQUISITION AND IMPROVEMENT OF THE PARKING LOT LOCATED AT 46 LAKESIDE AVENUE IN AND BY THE TOWNSHIP OF VERONA, IN THE COUNTY OF ESSEX, NEW JERSEY, APPROPRIATING $2,250,000 THEREFOR AND AUTHORIZING THE ISSUANCE OF $2,142,000 BONDS OR NOTES OF THE TOWNSHIP TO FINANCE PART OF THE COST THEREOF Purpose(s): acquisition and improvement of the parking lot located at 46 Lakeside Avenue and described on the official tax map of the Township as Block 1806, lot 23 for municipal purposes, including costs necessary therefor or incidental thereto Appropriation: $2,250,000 Bonds/Notes Authorized: $2,142,000 Grants (if any) Appropriated: $0 Section 20 Costs: $225,000 Useful Life: 35 years Jennifer Kiernan, Municipal Clerk This Notice is published pursuant to N.J.S.A. 40A:2-17. 7/9/2024 $69.66
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