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CITY OF NORTH WILDWOOD
COUNTY OF CAPE MAY, NEW JERSEY
ORDINANCE NO. 1611
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 City of North Wildwood, in the County of Cape May, State of New Jersey, on June 6, 2012. It will be further considered for final passage, after public hearing thereon, at a meeting of the governing body to be held at the Council Chambers in City Hall on June 19, 2012 at 10:00 o’clock a.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 Providing for Various Capital Improvements of the City of North Wildwood, in the County of Cape May, New Jersey, Appropriating the Aggregate Amount of $2,540,000 Therefor and Authorizing the Issuance of $2,413,000 Bonds or Notes of the City to Finance Part of the Cost Thereof.”
Purposes:
Purpose
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Appropriation
and Estimated
Cost
|
Estimated Maximum Amount of Bonds or
Notes
|
Period of Usefulness
| |
a) General Administration:
Providing for road, sewer and bulkhead construction/reconstruction and installation of solar powered coin and bill canisters, including installation, training and setup fees, and including all work and materials necessary therefor and incidental thereto.
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$1,240,000
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$1,178,000
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20 years
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b) Police Department:
Providing for acquisition of digital recording devices, including all work and materials necessary therefor and incidental thereto.
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$ 5,000
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$ 4,750
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5 years
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2. Providing for acquisition and or installation of fire suppression system/fire sprinklers, including all work and materials necessary therefor and incidental thereto.
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$31,200
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$29,640
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15 years
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c) Emergency Management:
1. Providing for acquisition of trailer unified command post, including all work and materials necessary therefor and incidental thereto.
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$36,000
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$34,200
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15 years
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2. Providing for acquisition and or installation of flood cameras in various locations, replacement of emergency warning siren at 15th Street station and replacement of boardwalk cameras, including all work and materials necessary therefor and incidental thereto.
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$35,000
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$33,250
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10 years
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d) Fire Department:
Providing for replacement of fire prevention vehicle, replacement of ambulance, acquisition of rescue vehicle and refurbish surplus vehicle for high water rescue operations, including all work and materials necessary therefor and incidental thereto.
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$230,000
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$218,500
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5 years
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e) Public Works:
1. Providing for parking meter software, beach pathways, beach tractor with rake, snow plow and salt spreader, ¾ ton truck, load-n-pak and fleet shop truck, including all work and materials necessary therefor and incidental thereto.
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$476,000
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$452,200
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5 years
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2. Providing for storm water improvements-tideflex valves/man-hole seals, including all work and materials necessary therefor and incidental thereto.
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$15,000
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$14,250
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40 years
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3. Providing for two-way radio repeater system (with OEM), traffic lights-LED upgrades/PED/traffic heads, feasibility study on the public works complex, generators for City Hall and public works, tire mounting machine upgrade and tire wheel balancer, including all work and materials necessary therefor and incidental thereto.
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$257,800
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$244,910
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10 years
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f) Buildings and Grounds:
1. Providing for air condition package units at recreation center, including all work and materials necessary therefor and incidental thereto.
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$25,000
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$23,750
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10 years
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2. Providing for HVAC split system unit for police department and condenser unit for public works breakroom, including all work and materials necessary therefor and incidental thereto.
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$21,200
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$20,140
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15 years
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3. Providing for roof at Fire Hall, including all work and materials necessary therefor and incidental thereto.
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$39,000
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$37,050
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20 years
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g) Recreation Center:
1. Providing for drop ceiling and roof renovation, including all work and materials necessary therefor and incidental thereto.
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$95,000
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$90,250
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20 years
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2. Providing for acquisition of pick-up truck, including all work and materials necessary therefor and incidental thereto.
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$21,400
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$20,330
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5 years
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h) Parks:
Providing for acquisition of master riding law mower, including all work and materials necessary therefor and incidental thereto.
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$6,500
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$6,175
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15 years
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i) Lifeguards:
Providing for oars and portable radios, including all work and materials necessary therefor and incidental thereto.
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$5,900
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$5,605
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10 years
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TOTAL:
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$2,540,000
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$2,413,000
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Appropriation: $2,540,000
Bonds/Notes Authorized: $2,413,000
Grants Appropriated: N/A
Section 20 Costs: $380,000
Useful Life: 14.33 years
Janet H. Harkins, Clerk
This Notice is published pursuant to N.J.S.A. 40A:2-17.
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