Ordinance No. 17-12
Introduced: July 10, 2017
Public Hearing: July 24, 2017
An Ordinance Authorizing a Special Emergency Appropriation of $1,000,000 for the Revaluation of Real Property by the Township of Vernon, in the County of Sussex, New Jersey
BE IT ORDAINED BY THE TOWNSHIP COUNCIL OF THE TOWNSHIP OF VERNON, IN THE COUNTY OF SUSSEX, NEW JERSEY, AS FOLLOWS:
Section 1. Pursuant to the Local Budget Law of New Jersey, and in particular N.J.S.A. 40A:4-53, a special emergency appropriation in the amount of $1,000,000 is hereby authorized and made for the purpose of the revaluation of all real property by the Township of Vernon, in the County of Sussex, New Jersey (the “Township”).
Section 2. The Township is hereby authorized to finance such appropriation from surplus funds available or by issuing special emergency notes from time to time in accordance with the provisions of N.J.S.A. 40A:4-55, all as shall be determined by and pursuant to a resolution or resolutions of the Township to be hereafter adopted.
Section 3. In accordance with the requirements of N.J.S.A. 40A:4-53, a copy of this ordinance as adopted shall be filed with the Director of Local Government Services in the Department of Community Affairs of the State of New Jersey.
Section 4. This ordinance shall take effect after publication after final adoption, as provided by law.