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Notice of Final Adoption - Ordinance 20 of 2026
BOND ORDINANCE STATEMENT AND SUMMARY
The bond ordinance, the summary terms of which are included herein, has been finally adopted by the City of Somers Point, in the County of Atlantic, State of New Jersey on August 27, 2026 and the 20 day period of limitation within which a suit, action or proceeding questioning the validity of such bond ordinance can be commenced, as provided in the Local Bond Law, has begun to run from the date of the first publication of this statement. Copies of the full bond ordinance are available at no cost and during regular business hours at the Clerk's office for members of the general public who 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, Clerk
The date of first posting of this Notice is August 28, 2026.