BOROUGH OF ELMWOOD PARK

Ordinance #26-16

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 Elmwood Park, in the County of Bergen, State of New Jersey, on June 18, 2026. It will be further considered for final passage, after public hearing thereon, at a meeting of the Borough Council to be held in the Municipal Building, 182 Market Street, Elmwood Park, New Jersey, on July 16, 2026 at 7:00 P.M. 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 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 TO AUTHORIZE THE ACQUISITION OF A NEW AMBULANCE IN, BY AND FOR THE BOROUGH OF ELMWOOD PARK, IN THE COUNTY OF BERGEN, NEW JERSEY, TO APPROPRIATE THE SUM OF $400,000 TO PAY THE COST THEREOF, TO MAKE A DOWN PAYMENT, TO AUTHORIZE THE ISSUANCE OF BONDS TO FINANCE SUCH APPROPRIATION AND TO PROVIDE FOR THE ISSUANCE OF BOND ANTICIPATION NOTES IN ANTICIPATION OF THE ISSUANCE OF SUCH BONDS.

Purpose(s): Acquisition of a new ambulance for the use of the EMS in, by and for the Borough.

Appropriation: $400,000

Bonds/Notes Authorized: $380,000

Grants (if any) Appropriated: $-0-

Section 20 Costs: $40,000

Useful Life: 5 years

This Notice is published pursuant to N.J.S.A. 40A:2-17 by its posting on the Borough’s official Internet website.

Borough of Elmwood Park
Shanee Morris, RMC, CMR
Borough Clerk