Notice of Bond Ordinance No. 1 -2026 Statement And Summary
The bond ordinance, the summary terms of which are included herein, has been finally adopted by the Board of County Commissioners of the County of Atlantic, State of New Jersey on May 5, 2026 and the twenty (20) day period of limitation within which a suit, action or proceeding questioning the validity of such ordinance can be commenced, as provided in the Local Bond Law, N.J.S.A. 40A:2-1 et seq., has begun to run from the date of the first publication of this statement. Copies of the full ordinance are available at no cost and during regular business hours, at the Office of the Clerk of the Board of County Commissioners for members of the general public who request the same. The summary of the terms of such bond ordinance follows:
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Title:
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Bond Ordinance providing for various 2026 capital improvements and the acquisition of various capital equipment by and in the County of Atlantic, State of New Jersey; appropriating $24,515,500 therefor and authorizing the issuance of $23,289,000 bonds or notes to finance part of the cost thereof
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Purpose(s):
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Various 2026 capital improvements including, but not limited to, various general capital improvements to various county-owned facilities including, but not limited to, demolition, construction, and/or reconstruction, as applicable, and/or the acquisition and installation, as applicable, of various equipment and other capital items for various County buildings, departments and facilities; and various bridge, road, intersection and drainage improvements throughout the County
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Appropriation:
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$24,515,500
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Grants Appropriated:
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None.
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Bonds/Notes Authorized:
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$23,289,000
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Section 20 Costs:
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$4,905,000
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Useful Life:
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15.96 years
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Tara Silipena, Clerk of the Board of County Commissioners