Public Notice:
BOROUGH OF BOUND BROOK 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 Bound Brook, in the County of Somerset, State of New Jersey, on February 24, 2015. 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 Borough on March 10, 2015 at 7:30 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 requestBou the same. The summary of the terms of such bond ordinance follows: Title: BOND ORDINANCE PROVIDING FOR VARIOUS IMPROVEMENTS TO THE BOUND BROOK TRAIN STATION IN AND BY THE BOROUGH OF BOUND BROOK IN THE COUNTY OF SOMERSET NEW JERSEY APPROPRIATING $650,000 THEREFOR AND AUTHORIZING THE ISSUANCE OF $450,000 BONDS OR NOTES OF THE BOROUGH TO FINANCE THE COST THEREOF. Purpose: Various improvements within “Redevelopment Area 1 (Downtown Redevelopment Area)” (the “Redevelopment Area”), including but not limited to, improvements to the Bound Brook Train Station, and further including all work and materials necessary therefore and incidental thereto, all pursuant to and in accordance with a redevelopment plan for the Redevelopment Area. Appropriation: $650,000 Bonds/Notes Authorized: $450,000 Grant Appropriated: N/A Section 20 Costs: $200,000 Useful Life: 40 years Donna Marie Godleski, Clerk This Notice is published pursuant to N.J.S.A. 40A:2-17. ($40.48)