Ordinance #2024-14 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 Princeton, in the County of Mercer, State of New Jersey, on March 25, 2024. It will be further considered for final passage, after public hearing thereon, at a meeting of the governing body to be held at the Witherspoon Hall Municipal Building, 400 Witherspoon Street, Main Meeting Room in Princeton on April 8, 2024, at 7:00 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 CAPITAL IMPROVEMENTS IN AND BY PRINCETON, IN THE COUNTY OF MERCER, NEW JERSEY, APPROPRIATING $16,117,500 THEREFOR AND AUTHORIZING THE ISSUANCE OF $15,311,625 BONDS OR NOTES OF PRINCETON TO FINANCE PART OF THE COST THEREOF Purposes: Purpose Appropriation & Estimated Cost Estimated Maximum Amount of Bonds & Notes Period of Usefulness a) Police Department 1) The acquisition of sirens, lights and other equipment for police vehicles, ballistic vests and tasers and the repair and replacement of firearms, including all related costs and expenditures incidental thereto. $135,000 $128,250 5 years 2) The acquisition of automated license plate reader cameras, including all related costs and expenditures incidental thereto. $30,500 $28,975 10 years 3) Furniture, console and other upgrades to the Communications Center, including all related costs and expenditures incidental thereto. $40,500 $38,475 5 years b) Information Technology Department 1) Upgrades to patch panels and barracude backup upgrades, including all related costs and expenditures incidental thereto. $106,000 $100,700 5 years 2) The acquisition of a court projector screen and audio/video equipment, including all related costs and expenditures incidental thereto. $35,500 $33,725 10 years 3) The acquisition of pool cameras, including all related costs and expenditures incidental thereto. $15,100 $14,345 10 years 4) The acquisition of door access components, including all related costs and expenditures incidental thereto. $20,100 $19,095 10 years c) Recreation Department 1) Community Park South rehabilitation/upgrades, baseball field improvements and turf maintenance, general park maintenance, improvements and replacements and multi-purpose athletic field maintenance, including all work and materials necessary therefor and incidental thereto. $1,065,000 $1,011,750 15 years 2) The acquisition of a zero turn mower for parks/fields, a new stage for the Community Park North Amphitheater and a field striping machine, including all related costs and expenditures incidental thereto. $48,500 $46,075 15 years 3) The acquisition of safety mats for playgrounds, soccer goals for parks and park benches and picnic tables, including all related costs and expenditures incidental thereto. $17,100 $16,245 10 years 4) Miscellaneous fence repairs and electrical upgrades at parks, including all work and materials necessary therefor and incidental thereto. $16,500 $15,675 10 years 5) Park plumbing improvements and park irrigation upgrades at various locations, including all work and materials necessary therefor and incidental thereto. $11,500 $10,925 15 years d) Library 1) Technology replacements and upgrades, including all related costs and expenditures incidental thereto and further including all work and materials necessary therefor and incidental thereto. $176,000 $167,200 5 years 2) Building fire and safety code compliance and the repair and replacement of entrance doors and hardware and emergency exiting systems, including all work and materials necessary therefor and incidental thereto. $92,000 $87,400 10 years 3) The acquisition of furniture and equipment, including all work and materials necessary therefor and incidental thereto. $85,500 $81,225 5 years e) Engineering 1) Design, construction and streetscape improvements to Nassau Street, corridor concept study, design and construction to Witherspoon Street Phase 3a and Hamilton Avenue-Wiggins Street, design and construction of infrastructure repairs/replacement, traffic calming and secondary arterial improvements to Harrison Street, miscellaneous infrastructure repairs, various roadway resurfacing/pavement preservation to Christopher Drive, Ettel Circle, Roberts Avenue, Forester Drive, Sturges Way, Riverside Drive and Olden Lane and Street and design and construction of infrastructure repairs/replacement, traffic calming and other improvements to Prettybrook Road, including all work and materials necessary therefor and incidental thereto. $8,871,600 $8,428,020 10 years 2) Stormwater management and permit compliance studies, including all related costs and expenditures incidental thereto and further including all work and materials necessary therefor and incidental thereto. $1,005,000 $954,750 15 years 3) Traffic signals, rectangular rapid flashing beacons and traffic calming improvements at various locations, including, but not limited to, 206/Mansgrove Road and 206/Herrontown Road, and further including all work and materials necessary therefor and incidental thereto. $253,500 $240,825 10 years 4) ADA transition plan, design, permitting, construction and bikeway and pedestrian improvements to Cherry Hill Road, Lovers Lane, Stockton Street (Marquand Park) and Witherspoon Street neighborhood extension, including all work and materials necessary therefor and incidental thereto. $506,000 $480,700 10 years 5) Climate resiliency improvements, including, but not limited to, roadway gates, streamflow gauges and hydraulic/hydrologic model development, and further including all work and materials necessary therefor and incidental thereto. $256,000 $243,200 15 years 6) Design, permitting, construction and inspection and other storm drainage improvements throughout Princeton, including all work and materials necessary therefor and incidental thereto and further including all related costs and expenditures incidental thereto. $406,000 $385,700 15 years f) Department of Public Works 1) The acquisition of equipment, safety equipment and garage equipment including all related costs and expenditures incidental thereto. $48,500 $46,075 15 years 2) Pothole and various road repairs throughout Princeton, including all work and materials necessary therefor and incidental thereto. $256,000 $243,200 10 years 3) Replacement and maintenance of signs and traffic paint, including all work and materials necessary therefor and incidental thereto. $405,000 $384,750 5 years 4) The acquisition of a global positioning system and radios for vehicles, including all related costs and expenditures incidental thereto. $30,500 $28,975 10 years 5) The acquisition of a pick-up truck with plow and liftgate and a utility vehicle with plow, including all relate costs and expenditures incidental thereto. $146,000 $138,700 5 years 6) The acquisition of a street sweeper and paver maintenance equipment, including all related costs and expenditures incidental thereto. $277,000 $263,150 5 years 7) The acquisition of compactor truck and dump truck with plow and sander, including all related costs and expenditures incidental thereto. $517,000 $491,150 10 years 8) The acquisition of an equipment trailer, asphalt equipment and a mini-excavator and/or paver, including all related costs and expenditures incidental thereto. $447,000 $424,650 15 years g) Public Building 1) Heating, ventilation and air-conditioning improvements to Witherspoon Building, including all work and materials necessary therefor and incidental thereto. $356,000 $338,200 15 years 2) Upgrades to the fire suppression system at various municipal facilities, including all work and materials necessary therefor and incidental thereto $50,700 $48,165 10 years 3) The acquisition of a generator for the firehouse, including all related costs and expenditures incidental thereto. $75,700 $71,915 15 years 4) Floor replacement at 400 Witherspoon Street, including all work and materials necessary therefor and incidental thereto. $181,500 $172,425 5 years h) Fire Department 1) The acquisition of pagers, including all related costs and expenditures incidental thereto. $4,100 $3,895 10 years 2) Upgrades/replacement of technology hardware and software, including all work and materials necessary therefor and incidental thereto. $10,500 $9,975 5 years i) Emergency Services 1) The acquisition of turnout gear and uniforms, including all related costs and expenditures incidental thereto. $40,500 $38,475 5 years 2) The acquisition of technical rescue/swiftwater equipment, including all related costs and expenditures incidental thereto. $30,500 $28,975 15 years 3) The acquisition of and upgrades to technology software for apparatus and vehicles, including all related costs and expenditures incidental thereto. $40,500 $38,475 5 years 4) The acquisition of fire inspection and investigation equipment, including all related costs and expenditures incidental thereto. $7,600 $7,220 10 years Total: $16,117,500 $15,311,625 Appropriation: $16,117,500 Bonds/Notes Authorized: $15,311,625 Grant Appropriated: N/A Section 20 Costs: $1,600,000 Useful Life: 10.65 years Rayna E. Harris Municipal Clerk 1x, PP, 3/29/24, Fee:$243.83 Affidavit Fee:$15.00