ORDINANCE #2026-26 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 June 8, 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 Witherspoon Hall Municipal Building, Main Meeting Room, 400 Witherspoon Street in Princeton on June 22, 2026 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 FOR OPEN SPACE PURPOSES IN AND BY PRINCETON, IN THE COUNTY OF MERCER, NEW JERSEY, APPROPRIATING $707,000 THEREFOR AND AUTHORIZING THE ISSUANCE OF $671,650 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) Spring-Fall municipal-wide tree planting, including all work and materials necessary therefor and incidental thereto. $120,500 $114,475 15 years b) Acquisition of a bucket truck, including all related costs and expenditures necessary therefor and incidental thereto. $451,000 $428,450 10 years c) Miscellaneous rights-of-way and public lands planting and maintenance, including all work and materials necessary therefor and incidental thereto. $10,100 $9,595 15 years d) Tree removal throughout Princeton, including all work and materials necessary therefor and incidental thereto. $60,200 $57,190 15 years e) Acquisition of a four-wheel drive light duty pick-up truck, including all related costs and expenditures incidental thereto. $65,200 $61,940 5 years Total: $707,000 $671,650 Appropriation: $707,000 Bonds/Notes Authorized: $671,650 Grant Appropriated: N/A Section 20 Costs: $2,000 Useful Life: 10.88 years Dawn M. Mount Municipal Clerk This Notice is published pursuant to N.J.S.A. 40A:2-17. The date of first posting of this Notice is June 9, 2026 (under “Public Notice” tab of municipal website, www.princetonnj.gov) and in the Princeton Packet on June 12, 2026 1xPP, 6/12/26, Fee:$108.71. Affidavit Fee:$15.00
