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 Borough Council of the Borough of Brooklawn, in the County of Camden, State of New Jersey, on May 20, 2024. It will be further considered for final passage, after public hearing thereon, at a meeting of the Borough Council to be held at the Brooklawn Borough Municipal Building, 301 Christiana Street, Brooklawn, New Jersey on June 18, 2024 at 6:30 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 Borough 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 THE ACQUISITION OF VARIOUS CAPITAL EQUIPMENT AND THE COMPLETION OF VARIOUS CAPITAL IMPROVEMENTS IN AND FOR THE BOROUGH OF BROOKLAWN, COUNTY OF CAMDEN, NEW JERSEY; APPROPRIATING THE SUM OF $720,000 THEREFOR; AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS OR BOND ANTICIPATION NOTES OF THE BOROUGH OF BROOKLAWN, COUNTY OF CAMDEN, NEW JERSEY, IN THE AGGREGATE PRINCIPAL AMOUNT OF UP TO $431,200; MAKING CERTAIN DETERMINATIONS AND COVENANTS; AND AUTHORIZING CERTAIN RELATED ACTIONS IN CONNECTION WITH THE FOREGOING Purpose/Improvement Estimated Total Cost Down Payment Grants Amount of Obligations Period of Usefulness A. Reconstruction and/or Renovation of $285,000 Various Streets in the Borough including, but not limited to, Third Street, together with the acquisition of all materials and equipment and completion of all work necessary therefor or related thereto $285,000 $6,000 $166,050 $112,950 10 Years B. Acquisition of Various Equipment for the 150,000 Police Department, including, but not limited to, a Police Vehicle, Radios, and Firearms, together with the acquisition of all materials and equipment and completion of all work necessary therefor or related thereto 150,000 7,500 0 142,500 5 years C. Construction of a Storm Sewer Line in the Borough, but not limited to, together with the acquisition of all materials and equipment and completion of all work necessary therefor or related thereto 285,000 9,250 100,000 175,750 40 Years Appropriation: $720,000 Bonds/Notes Authorized: $431,200 Grants (if any) Appropriated: $266,050 Section 20 Costs: $144,000 Useful Life: 20.57 years RYAN GILES Borough Clerk This Notice is published pursuant to N.JS.A. 40A:2-l 7. Dated:5/29/24 Prt's Fee:$68.10