City of Somers Point
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 Somers Point, in the County of Atlantic, State of New Jersey, on May 14, 2026. It will be further considered for final passage, after public hearing thereon, at a meeting of the governing body to be held at the meeting of the governing body, in the City of Somers Point on May 28, 2026 at 7 o'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 members 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 A SUPPLEMENTAL APPROPRIATION OF $1,500,000 FOR ACQUISITION AND INSTALLATION OF PACIFIC AVENUE PUMP STATION GENERATOR IN AND BY THE CITY OF SOMERS POINT, IN THE COUNTY OF ATLANTIC, NEW JERSEY, AND AUTHORIZING THE ISSUANCE OF $1,500,000 BONDS OR NOTES OF THE CITY TO FINANCE PART OF THE COST THEREOF.
Purpose(s): The acquisition and installation of the Pacific Avenue Pump Station Generator, together with all materials and work necessary therefore, and all other necessary or desirable structures, appurtenances and work or materials, all as shown on and in accordance with the plans and specifications therefore on file in the office of the City Clerk and hereby approved, including the costs of surveying, construction, planning, engineering, preparation of plans and specifications, permits, bid documents and construction.
Appropriation: $1,500,000
Bonds/Notes Authorized: $1,500,000
Grants (if any) Appropriated: N/A
Section 20 Costs: $300,000
Useful Life: 40 years
Shelby R. Heath, Clerk
This Notice is published pursuant to N.J.S.A. 40A:2-17.
The date of first posting of this Notice is May 14, 2026.