Manville to Purchase Property to Pursue Rustic Mall Redevelopment

Public Notice:


 

  BOROUGH OF MANVILLE
NOTICE OF PENDING BOND ORDINANCE AND SUMMARY
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 Borough of Manville, in the County of Somerset, State of New Jersey, on February 10, 2014. It will be further considered for final passage, after public hearing thereon, at a meeting of the governing body to be held in the Borough Hall, 325 North Main Street, Manville, New Jersey, on February 24, 2014 at 6:30 P.M. During the week prior to and up to and including the date of such meeting copies of the full 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 TO AUTHORIZE THE ACQUISITION OF REAL PROPERTY IN CONNECTION WITH THE RUSTIC MALL REDEVELOPMENT PROJECT IN, BY AND FOR THE BOROUGH OF MANVILLE, IN THE COUNTY OF SOMERSET, STATE OF NEW JERSEY, TO APPROPRIATE THE SUM OF $340,000 TO PAY THE COST THEREOF, TO AUTHORIZE THE ISSUANCE OF BONDS TO FINANCE SUCH APPROPRIATION AND TO PROVIDE FOR THE ISSUANCE OF BOND ANTICIPATION NOTES IN ANTICIPATION OF THE ISSUANCE OF SUCH BONDS.
Purpose(s): Acquisition of real property in connection with the Rustic Mall Redevelopment Project in, by and for the Borough. The property to be acquired consists of the following parcels described by their street address and legal description on the Tax Assessment Map of the Borough:
Street Address Block Lot
66 Valerie Drive 315 1 72 Valerie Drive 315 2 78 Valerie Drive 315 3 84 Valerie Drive 315 4 90 Valerie Drive 315 5 98 Valerie Drive 315 6 104 Valerie Drive 315 7 110 Valerie Drive 315 8
Appropriation: $340,000 Bonds/Notes Authorized: $340,000 Grants (if any) Appropriated: -0- Section 20 Costs: $20,000 Useful Life: 40 years
This Notice is published pursuant to N.J.S.A. 40A:2-17.
Borough Clerk Borough of Manville County of Somerset State of New Jersey ($51.04) 995762  
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