PUBLIC NOTICE BOND ORDINANCE STATEMENT AND SUMMARY The bond ordinance, the summary terms of which are included herein, has been finally adopted by the Township of Hillsborough, in the County of Somerset, State of New Jersey on April 30, 2024 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 TOWNSHIP-WIDE ROAD IMPROVEMENTS IN AND BY THE TOWNSHIP OF HILLSBOROUGH, IN THE COUNTY OF SOMERSET, NEW JERSEY, APPROPRIATING $9,000,000 THEREFOR AND AUTHORIZING THE ISSUANCE OF $8,550,000 BONDS OR NOTES OF THE TOWNSHIP TO FINANCE PART OF THE COST THEREOF Purpose(s): Township-wide road resurfacing and overlay program for various streets throughout the Township, all as set forth on a list on file in the office of the Township's Engineering Department, including all work and materials necessary therefor and incidental thereto Appropriation: $9,000,000 Bonds/Notes Authorized: $8,550,000 Grants (if any) Appropriated: N/A Section 20 Costs: $1,500,000 Useful Life: 10 years Sarah Brake Hillsborough Township Clerk 1x, HB, 5/10/24, Fee:$24.76