Ordinance #2024-19 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 THE ACQUISITION OF OPEN SPACE IN AND BY PRINCETON, IN THE COUNTY OF MERCER, NEW JERSEY, APPROPRIATING $9,100,000 THEREFOR AND AUTHORIZING THE ISSUANCE OF $9,100,000 BONDS OR NOTES OF PRINCETON TO FINANCE PART OF THE COST THEREOF Purpose(s): Acquisition of open space, identified on the official Tax Maps of Princeton as Block 1001, Lots 1, 2 and 14, located at 725 Herrontown Road, 823 Herrontown Road and 915 Mount Lucas Road, including all related costs and expenditures necessary therefor and incidental thereto. Appropriation: $9,100,000 Bonds/Notes Authorized: $9,100,000 Grants (if any) Appropriated: State of New Jersey Department of Environmental Protection Green Acres Program in the amount of $3,247,500, funding expected to be received from the County of Mercer in the amount of $2,100,000, and private funding and donations expected to be received in the amount of $1,800,000 Section 20 Costs: $100,000 Useful Life: 40 years Rayna Harris, Clerk Municipal Clerk 1x, PP, 3/29/24, Fee:$36.76 Affidavit Fee:$15.00