Bond Ordinance Statements and Summary The bond ordinance, the summary terms of which are included herein, has been finally adopted by the Mayor and Common Council of the City of Gloucester City, in the County of Camden, State of New Jersey on September 28, 2026 and the twenty (20) day period of limitation within which a suit, action or proceeding questioning the validity of such 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 ordinance are available at no cost and during regular business hours, at the City Clerk’s office in the Municipal Building, 512 Monmouth Street , Gloucester City, New Jersey , for members of the general public who request the same. The summary of the terms of such bond ordinance follows: Title: BOND ORDINANCE AUTHORIZING THE ACQUISITION OF EQUIPMENT FOR AND THE COMPLETION OF VARIOUS IMPROVEMENTS TO THE SEWER AND WATER UTILITY SYSTEM IN THE CITY OF GLOUCESTER CITY, COUNTY OF CAMDEN, NEW JERSEY; APPROPRIATING THE SUM OF $600,000 THEREFOR; AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS OR BOND ANTICIPATION NOTES OF THE CITY OF GLOUCESTER CITY, COUNTY OF CAMDEN, NEW JERSEY IN THE AGGREGATE PRINCIPAL AMOUNT OF UP TO $570,000; MAKING CERTAIN DETERMINATIONS AND COVENANTS; AND AUTHORIZING CERTAIN RELATED ACTIONS IN CONNECTION WITH THE FOREGOING Purpose/Improvement Estimated Total Cost Down Payment Amount of Obligations Period of Usefulness A. Various Improvements to the Water and Sewer System including, but not limited to, drilling and/or redrilling of wells, together with the acquisition of all materials and equipment and completion of all work necessary therefor or related thereto $500,000 $25,000 $475,000 40 years B. Acquisition of Various Equipment for the Water and Sewer Utility System including, but not limited to, a Cab Chassis, together with the acquisition of all materials and equipment and completion of all work necessary therefor or related thereto 100,000 5,000 95,000 10 years TOTAL $600,000 $30,000 $570,000 Appropriation: $600,000 Bonds/Notes Authorized: $570,000 Grants (if any) Appropriated: $0 Section 20 Costs: $100,000 Useful Life: 35 years VANESSA LITTLE, City Clerk This Notice is published pursuant to N.J.S.A. 40A:2-17. 1xGCN, 10/7/26, Fee:$94.79, Affidavit Fee:$5.00
