Ordinance No. 20-12
Introduced: May 11, 2020
Public Hearing: May 28, 2020
Capital Ordinance Providing for Various Improvements by the Township of Vernon, in the County of Sussex, New Jersey, Appropriating Therefore the Sum of $396,550.00 and Providing That Such Sum So Appropriated Shall Be Raised from the Capital Improvement Fund and Capital Fund Balance of the Township
BE IT ORDAINED by the Governing Body of the Township of Vernon, in the County of Sussex, New Jersey, that the following capital projects be hereby authorized but not limited to include various equipment; computer network hardware and software; vehicle acquisition; and an established $50,000.00 capital reserve for sewer repairs and $5,000.00 for Fire Equipment; for a total Improvement Authorization of $396,550.00.
BE IT FURTHER ORDAINED that the financing for the above projects be as follows:
General Capital Improvement Fund................................ $366,550.00
General Capital Fund Balance............................... $30,000.00
BE IT FURTHER ORDAINED that the capital budget of the Township is hereby amended to conform with the provisions of this ordinance to the extent of any inconsistency herewith and the resolutions promulgated by the Local Finance Board showing all detail of the amended capital budget and capital improvement program as approved by the Director, Division of Local Government Services, are on file with the Township Clerk and are available for public inspection.
BE IT FURTHER ORDAINED that the period of usefulness of the capital projects are in excess of the five (5) year statutory requirement, and that no debt shall be incurred by the Borough for this authorization. This ordinance shall take effect immediately upon final passage and publication as required by law.