ORDINANCE #2026-23 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 IN AND BY PRINCETON, IN THE COUNTY OF MERCER, NEW JERSEY, APPROPRIATING $10,246,565 THEREFOR AND AUTHORIZING THE ISSUANCE OF $9,734,235 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) Police Department 1) Acquisition of body cameras, in-car cameras, tasers and electric bikes, including all related costs and expenditures incidental thereto. $218,500 $207,575 5 years 2) Acquisition of radios, including all work and materials necessary therefor and incidental thereto. $478,000 $454,100 10 years b) Information Technology Department 1) Acquisition of computers, Wi-Fi access points and mobile data terminals, including all related costs and expenditures incidental thereto. $71,000 $67,450 5 years 2) Acquisition of door locks and video cameras at parks, including all related costs and expenditures incidental thereto. $103,000 $97,850 10 years c) Recreation Department 1) Acquisition of a gator (4-wheel-drive vehicle) with plow and a pick-up truck with plow, including all related costs and expenditures incidental thereto. $123,000 $116,850 5 years 2) Miscellaneous fence repairs, including all work and materials necessary therefor and incidental thereto. $3,000 $2,850 10 years 3) Acquisition of a field striping machine, backboards, rims, park benches, picnic tables, a small tractor with attachments and playground equipment for Harrison Street Park, including all related costs and expenditures incidental thereto. $163,700 $155,515 15 years 4) Basketball court resurfacing, baseball field improvements and turf maintenance, including all work and materials necessary therefor and incidental thereto. $27,000 $25,650 15 years 5) Construction of the CP north stage, including all work and materials necessary therefor and incidental thereto. $26,000 $24,700 15 years d) Health Department Acquisition of vehicles, including all related costs and expenditures incidental thereto. $86,000 $81,700 5 years e) Engineering Department 1) Acquisition of sport utility vehicles, including all related costs and expenditures incidental thereto. $86,000 $81,700 5 years 2) Design, permitting, right-of-way acquisition, construction, infrastructure repairs/replacement and traffic calming to various roads, including, but not limited to, Terhune Road, Mount Lucas II and Snowden Lane and further including all work and materials necessary therefor and incidental thereto. $1,621,500 $1,540,425 10 years 3) Various roadway resurfacing and pavement preservation, design, permitting, right-of-way acquisition, construction and infrastructure repairs/replacement to various roads, all as set forth on a list on file in the Clerk’s Office, including all work and materials necessary therefor and incidental thereto. $508,000 $482,600 10 years 4) Secondary arterial improvements, design, permitting, right-of-way acquisition, construction, infrastructure repairs/replacement and traffic calming to various roads, including, but not limited to, Harrison Street, Alexander Street and Great Road and further including all work and materials necessary therefor and incidental thereto. $508,000 $482,600 10 years 5) Installation of traffic signals and flashing beacons, traffic calming, traffic signal inventory, design, permitting, right-of-way acquisition, construction and infrastructure repairs/replacement at various locations, including, but not limited to, the intersections of Elm Road/ Rosedale Road, Route 206/ Mansgrove Road, Route 206/ Herrontown Road and Harrison Street/Prospect Avenue and further including all work and materials necessary therefor and incidental thereto. $204,000 $193,800 10 years 6) Safe route to school improvements at Rosedale Road, including all work and materials necessary therefor and incidental thereto. $508,000 $482,600 10 years 7) Design, permitting, construction and inspection of remedial work and monitoring for the Princeton landfill, including all work and materials necessary therefor and incidental thereto. $1,120,000 $1,064,000 15 years f) Infrastructure Department 1) Acquisition of furnishings, including, but not limited to, bike racks, tables, chairs, benches, bus shelters and trash receptacles, including all related costs and expenditures incidental thereto. $66,000 $62,700 15 years 2) Acquisition of garage equipment, equipment for the Department of Public Works, a wheel loader with plow, a multi-use machine, a mower and an equipment trailer, including all related costs and expenditures incidental thereto. $618,000 $587,100 15 years 3) Acquisition of a dump truck with plow and sander, including all related costs and expenditures incidental thereto. $298,000 $283,100 10 years 4) Acquisition of dump truck body, including all related costs and expenditures incidental thereto. $41,000 $38,950 5 years 5) Acquisition of a variable message sign, including all related costs and expenditures incidental thereto. $25,000 $23,750 10 years 6) Acquisition of pick-up trucks with plows and liftgates, including all related costs and expenditures incidental thereto. $153,000 $145,350 5 years 7) Construction of a Central Public Works Facility and Administration Building, including all work and materials necessary therefor and incidental thereto. $1,020,000 $969,000 40 years 8) Building demolitions at various locations, including, but not limited to, Maple Street, Franklin Avenue, Lanwin Property and Westminster Choir College/Campus, including all work and materials necessary therefor and incidental thereto. $203,000 $192,850 40 years 9) Maintenance repairs to municipal building and Department of Public Works Facility, including work and materials necessary therefor and incidental thereto. $118,000 $112,100 10 years 10) Site remediation at 303 John Street, 27 North Harrison Street and Spring Street, including all work and materials necessary therefor and incidental thereto. $203,000 $192,850 15 years g) Fire Department 1) Acquisition of personal protective equipment and fire equipment, including all related costs and expenditures incidental thereto. $89,000 $84,550 5 years 2) Acquisition of vehicles, including all related costs and expenditures incidental thereto. $109,365 $103,895 5 years 3) Acquisition of radios and pagers, including all related costs and expenditures incidental thereto. $33,500 $31,825 10 years 4) Acquisition of gym equipment, including all related costs and expenditures incidental thereto. $5,000 $4,750 15 years 5) Acquisition of a fire engine, including all related costs and expenditures incidental thereto. $1,410,000 $1,339,500 20 years Total: $10,246,565 $9,734,235 Appropriation: $10,246,565 Bonds/Notes Authorized: $9,734,235 Grant Appropriated: N/A Section 20 Costs: $2,000,000 Useful Life: 15.56 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:$308.66. Affidavit Fee:$15.00
