Notice of Public Hearing-Ordinance 20 of 2026

NOTICE OF PENDING BOND ORDINANCE AND SUMMARY

Ordinance 20 of 2026

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 July 23, 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 Municipal Building, 1 West New Jersey Avenue, in the City on August 27, 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 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 IMPROVEMENTS TO THE SEWER UTILITY IN AND BY THE CITY OF SOMERS POINT, IN THE COUNTY OF ATLANTIC, NEW JERSEY, APPROPRIATING $975,000 THEREFOR AND AUTHORIZING THE ISSUANCE OF $975,000 BONDS OR NOTES OF THE CITY TO FINANCE THE COST THEREOF

Purposes:

Purpose		Appropriation & Estimated Cost		Estimated Maximum Amount of Bonds & Notes		Period of Usefulness
a) Improvements to buildings and facilities, including, but not limited to, station aeration upgrades and rehabilitation, lining/coating of wet wells, the replacement of pipes and renovations to Station 7 Broadway and Station 11 Atkinson and further including all work and materials necessary therefor and incidental thereto.			$200,000		$200,000		15 years
b) The acquisition of vehicles, including, but not limited to, a service truck and a pickup truck with plow and further including all related costs and expenditures incidental thereto.			$210,000		$210,000		5 years
c) The acquisition of equipment, including, but not limited to, a muffin monster and a forklift and further including all related costs and expenditures incidental thereto.			$65,000		$65,000		15 years
d) System Main Lining Program, including all work and materials necessary therefor and incidental thereto.			$500,000		$500,000		40 years
Total:		$975,000		$975,000

Appropriation: $975,000

Bonds/Notes Authorized: $975,000

Grant Appropriated: N/A

Section 20 Costs: $195,000

Useful Life: 25.66 years

Shelby Heath, RMC, City Clerk

This Notice is published pursuant to N.J.S.A. 40A:2-17.

The date of first posting of this Notice is July 24, 2026.