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 Mayor and Common Council of the City of Gloucester, in the County of Camden, State of New Jersey, on September 28, 2026. It will be further considered for final passage, after public hearing thereon, at a meeting of the Mayor and Common Council to be held at the Gloucester City Municipal Building, 512 Monmouth Street, Gloucester City, New Jersey, on October 26, 2026 at 7 o’clock PM. During the week prior to and up to and including the date of such meeting copies of the full ordinance will be available at no cost and during regular business hours, at the City 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 AUTHORIZING IMPROVEMENTS TO THE CITY’S SEWER AND WATER UTILITY SYSTEM IN THE CITY OF GLOUCESTER, COUNTY OF CAMDEN, NEW JERSEY; APPROPRIATING THE SUM OF $1,000,000 THEREFOR; AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS OR BOND ANTICIPATION NOTES OF THE CITY OF GLOUCESTER, COUNTY OF CAMDEN, NEW JERSEY, IN THE AGGREGATE PRINCIPAL AMOUNT OF UP TO $1,000,000 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. Completion of Various Improvements to the City’s Sewer and Water Utility System including, but not limited to, the Construction of a New Elevated Water Storage Tank (NJIB Project No. 0414001-004), together with the acquisition of all materials and equipment and completion of all work necessary therefor or related thereto, all as more particularly described in the engineering materials submitted to the New Jersey Infrastructure Bank and on file in the Clerk's office $1,000,000 $0 $1,000,000 40 years Appropriation: $1,000,000 Bonds/Notes Authorized: $1,000,000 Grants (if any) Appropriated: $0 Section 20 Costs: $200,000 Useful Life: 40 years VANESSA LITTLE, City Clerk This Notice is published pursuant to N.J.S.A. 40A:2-17. 1xGCN, 10/7/26, Fee:$50.26
