PUBLIC NOTICES OF THE BOROUGH OF LAVALLETTE
BOROUGH OF LAVALLETTE
Bond Ordinance No. 2010-2 (1074)
NOTICE OF PENDING BOND ORDINANCE
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 the Borough of Lavallette, in the
County of Ocean, New Jersey, held on
A copy of this ordinance has been posted on the bulletin board upon which public notices are customarily posted in the Municipal Complex of the Borough during the week prior to and up to and including the date of such meeting; copies of the ordinance are available to the general public of the Borough who shall request such copies, at the office of the Municipal Clerk in said Borough of Lavallette, in the County of Ocean, New Jersey. The summary of the terms of such bond ordinance follows:
Title:
BOND ORDINANCE PROVIDING FOR ROAD IMPROVEMENTS TO
Purpose(s):
Providing for Road Improvements to
Appropriation: $200,000
Bonds/Notes Authorized: $50,000
Section 20 Costs: $50,000
Useful Life: 20 Years
Grant Funds: $150,000 from the New Jersey
Department of Transportation
Municipal Clerk
Borough of Lavallette
ORDINANCE NO. 2010-16 (1088)
WHEREAS, the Legislature of the State of New Jersey has enacted legislation set forth in N.J.S.A. 59:8-4 and N.J.S.A.. 59:8-6, permitting the Borough of Lavallette to adopt a Notice of Tort Claim form:
NOW, THEREFORE, BE IT ORDAINED by the Mayor and Council of the
Borough of Lavallette that Chapter 22 of the Municipal Ordinances of
the Borough of Lavallette entitled “Defense and Indemnification” is
hereby amended and supplemented so
as to create § 22-2(B)
which shall read in its
entirety as follows:
Deletions are
shown by strikethrough; additions are shown by underline.
§ 22-2 Tort
Claims Act
(A)
Any defense and/or indemnification provided pursuant to this
chapter shall be subject to the limitations and provisions of the
New Jersey Tort Claims Act, N.J.S.A. 59:1-1 et seq.
(B)
The Borough Clerk shall make available a Notice of Tort Claim form
to any member of the public seeking to file a Notice of Tort Claim
against the Borough of Lavallette, its elected or appointed
officials or employees pursuant to N.J.S.A. 59:8-4 and/or N.J.S.A.
59:8-6. The Notice of
Tort Claim shall be considered to be amended automatically and
without further action in the event that N.J.S.A. 59:8-4 and/or
N.J.S.A. 59:8-6 are amended by the New Jersey State Legislature, or
a court of competent jurisdiction renders a decision adding to,
subtracting from, amending or explaining the content thereof at any
time.
AND BE IT FURTHER
ORDAINED,
that
(1) If any
section, subsection, sentence, clause, phrase or portion of this
Ordinance is for any reason held invalid or unconstitutional by a
court of competent jurisdiction, such portion shall be deemed a
separate, distinct and independent provision and such holding shall
not affect the validity of the remaining portions hereof.
(2)
All ordinances or parts of ordinances inconsistent herewith
are hereby repealed.
(3)
This Ordinance shall take effect immediately upon
its enactment after second reading and publication as required by
law.
NOTICE OF PENDING
ORDINANCE
ORDINANCE NO. 2010-16 (1088)
The ordinance published herewith was introduced and passed
upon first reading at a meeting of the governing body of the Borough
of Lavallette, in the
A copy of this ordinance has been posted on the bulletin board upon which public notices are customarily posted in the Borough Hall of the Borough during the week prior to and up to and including the date of such meeting; copies of the ordinance are available to the general public of the Borough who shall request such copies, at the office of the Municipal Clerk in said Borough of Lavallette, in the County of Ocean, New Jersey
CHRISTOPHER F. PARLOW
Municipal Clerk
BOROUGH OF LAVALLETTE
(
$2,621,429 BOND ANTICIPATION NOTES, SERIES
2010A
(Bank Qualified)
Bids are being solicited through a fair and open
process in accordance with N.J.S.A. 19:44A-20.5 for the purchase of
$2,621,429 Bond Anticipation Notes, Series 2010A (the “Notes”) of
the Borough of Lavallette, in the County of Ocean, New Jersey.
All bids will be publicly opened and announced at the Office
of the Chief Financial Officer on
No telephone bids will be accepted.
Bids must be received by
Each bid must offer to purchase the entire Note
issue being offered at no less than par plus accrued interest and
must specify a single rate of interest per annum offered for the
Notes. The Borough Chief
Financial Officer will evaluate the bids on the basis of the lowest
net interest cost to the Borough.
Award of the Notes to the bidder proposing the lowest net
interest cost or rejection of all bids will be made by
The successful bidder is advised of the
responsibility to file an annual disclosure statement on political
contributions with the New Jersey Election Law Enforcement
Commission pursuant to N.J.S.A. 19:44A-20.13 (P.L. 2005, c.271, s.3)
if the successful bidder receives contracts in excess of $50,000
from public entities in a calendar year. It is the successful
bidder’s responsibility to determine if filing is necessary.
Additional information on this requirement is available from ELEC at
888-313-3532 or at www.elec.state.nj.us.
SPECIFICATIONS OF NOTES
Principal Amount: $2,621,429 Bond Anticipation Notes, Series 2010A
Dated Date:
Maturity Date:
Interest Rate per Annum: Specified by successful bidder, payable at maturity
Denominations:
$100,000 each or any integral multiple thereof (one piece in
the amount of $121,429)
Legal Opinion:
Dilworth Paxson LLP,
Closing:
Payment:
Immediately available funds
The Notes are issued pursuant to the laws of the
State of
The Notes shall be general obligations of the
Borough and to the extent the Notes are not paid from other sources,
the Borough is obligated to levy ad valorem taxes upon all the
taxable real property therein for the payment of the debt service on
the Notes without limitation as to rate or amount.
The Notes will mature without option of prior redemption,
will be issued in bearer form without coupons, will be registrable
as to both principal and interest, payable at maturity in lawful
money of the United States of America, and interest will be
calculated on the basis of a 30 day month/360 day year.
The Notes will be designated “Qualified Tax-Exempt
Obligations” for purposes of Section 265(b)(3) of the Internal
Revenue Code of 1986, as amended.
An Official Statement has not been prepared by the
Borough in connection with the issuance of the Notes; however, for
purposes of Securities and Exchange Commission Rule 15c2-12, please
note the exemptions therefrom, particularly paragraph (d)(1) of the
Rule for issues in authorized denominations of $100,000 or more and
which are sold to no more than thirty-five (35) persons each of whom
the Purchaser reasonably believes (i) has such knowledge and
experience in financial and business matters that it is capable of
evaluating the merits
and risks of the Notes and (ii) is not purchasing for more than one
account or with a view to distributing the securities.
The Purchaser will be required to certify to the matters
referred to in the preceding sentence at closing.
The obligations hereunder to deliver and to accept
the Notes shall be conditioned on the availability and delivery at
the time of delivery of the Notes of (a) the approving legal opinion
of the law firm of Dilworth Paxson LLP, Neptune, New Jersey (“Bond
Counsel”), which will be furnished without cost to the successful
bidder, to the effect that the Notes are valid and legally binding
obligations of the Borough of Lavallette, New Jersey, payable in the
first instance from bonds in anticipation of which the Notes are
issued, but if not so paid or if not paid from other sources,
payable ultimately from ad valorem taxes which may be levied on all
the taxable real property in the Borough without limitation as to
rate or amount, and that interest on the Notes is excluded from
gross income for Federal tax purposes under current law if the
Borough complies with all conditions subsequent contained in the
Internal Revenue Code of 1986, as amended (the “Code”), except to
the extent that interest on the Notes held by a corporate taxpayer
is included in the relevant income computations for calculation of
the corporate alternative minimum tax and that interest on the Notes
and any gain on the sale thereof are not includable as gross income
under the present New Jersey Gross Income Tax Act; (b) certificates
in form satisfactory to Bond Counsel evidencing the proper execution
and delivery of the Notes, the receipt of payment therefor and the
compliance with the requirements of the Code necessary so that the
Notes will not be arbitrage obligations within the meaning of the
Code; and (c) a certificate, in form and tenor satisfactory to Bond
Counsel and dated as of the date of such delivery, to the effect
that there is no litigation pending or (to the knowledge of the
signer or signers thereof) threatened affecting the validity of the
Notes.
If the Notes are reoffered to the public, the
purchaser thereof is required to certify the reasonably expected
reoffering price, yield, net interest cost and true interest cost
for the Notes and CUSIP identifications numbers, if any, therefor
prior to the Closing on the Notes.
Additional information concerning the Borough of
Lavallette and the Notes is available by contacting the Borough
Chief Financial Officer, Michele Burk, at (732) 793-7477 or Kerry J.
Morgan, Esq., Dilworth Paxson LLP, Bond Counsel, at (732) 378-6900.
BOROUGH OF LAVALLETTE, IN THE COUNTY OF
OCEAN, NEW
/s/ Michele Burk______
MICHELE BURK,
Chief Financial Officer
DATED:
Ms. Michele Burk
Borough Chief Financial Officer
BOROUGH OF LAVALLETTE
Lavallette, New Jersey 08735
FAX 732-830-8248
RE:
BID FOR $2,621,429 BOND ANTICIPATION NOTES, SERIES 2010A
Dear Ms. Burk:
Subject to the provisions of the Request for Bids
dated August 27, 2010, relating to $2,621,429 Bond Anticipation
Notes, Series 2010A dated September 10, 2010 and due September 9,
2011, that is made a part hereof, we offer to purchase the Notes
described therein as follows:
Interest Rate Per annum
%
Amount of Notes Bid for
$2,621,429
Price of Notes Bid for
$
(at no less than par)
Net Interest Cost
$
/
%
(please specify in both
dollars and percent)
and, in addition thereto, to pay interest accrued from the Dated Date of the Notes to the date of delivery, if Closing shall occur subsequent to the Dated Date.
___________________________
Signature of Authorized Officer
_______________________________
Name of Bidder
_______________________________
Address of Bidder
_______________________________
Telephone Number
BOROUGH OF LAVALLETTE
PUBLIC NOTICE
NOTICE OF EMERGENCY MEETING PURSUANT TO THE OPEN PUBLIC MEETING ACT
PUBLIC NOTICE IS HEREBY GIVEN
that the Mayor and Council of the Borough of Lavallette in accordance
with the provisions of the “Open Public Meetings Law” P.L. 1975, Chapter
231 was required to hold an Emergency Meeting on Friday, July 30, 2010
at 10:30 am due to an emergent situation that had risen.
This emergency was the only subject on the agenda which was to
approve a resolution for the retention of experts to assist in the emergency
environmental cleanup which is required because of a transformer being
damaged at
CHRISTOPHER F. PARLOW
ADMINISTRATOR/MUNICIPAL CLERK
BOROUGH OF LAVALLETTE
Notice of mailing address change.
The Borough of Lavallette mailing address changed to 1306 Grand Central Avenue.
All Bill Pay Payments Need To
Be Corrected To Reflect the Address Change,
and update your account number!
Electric Rates
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Water and Sewer Rates
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Water and Sewer Bills Printed with
an Incorrect Balance Forward
We are currently working with our software
vendor to determine a fix to this issue. Any overpayments will be
applied to your next bill. Sorry for any confusion this may have
caused.
Energy Rebate Information
Lavallette Electric Customers Qualify For Rebates From New Jersey Clean Energy Program Through ARRA For A Limited Time. Current funding is set to expire in September of 2010.
New Jersey's Clean Energy Program
– recognized as a national model – is a statewide program that offers
financial incentives, programs and services for New Jersey residents,
business owners and local governments to help them save energy,
money and the environment.
More info
As part of federal funding from the American Recovery and Reinvestment Act (ARRA), the Board of Public Utilities has expanded eligibility for New Jersey’s Clean Energy Program™. Residents, businesses and local governments with oil or propane heating systems and customers of municipal electric utilities and rural electric cooperatives now have the opportunity to receive incentives from the following programs. More information for New Jersey residents may be found online at NJCleanEnergy.com/arra, and information for commercial and industrial businesses and local governments may be found at NJCleanEnergy.com/noniou.
·
COOLAdvantage
The ARRA funding provides rebates for the replacement
of existing equipment with high efficiency home cooling systems
in existing homes. Municipal and co-op electric customers
will now have the opportunity to receive up to $400 in incentives.
·
WARMAdvantage
ARRA funding provides rebates up to $300 for the
replacement of existing equipment with high efficiency home heating
systems and/or water heaters in existing homes of current
·
ENERGY STAR® Appliance
Rebates
Receive rebates for purchasing select ENERGY STAR
qualified clothes washers, dishwashers, and refrigerators from July
1, 2010 through August 31, 2010.
·
Refrigerator/Freezer
Recycling Program
· Home Performance with ENERGY STAR If you are a customer of a private municipal electric company and/or use oil or propane as heating fuel, you may be eligible to participate in the Home Performance with ENERGY STAR program, which offers whole house solutions to reduce both your energy costs and carbon footprint. Learn how to save up to 30% on energy costs and increase the comfort, safety, and durability of your home.
·
SREC Registration Program (SRP)
Due to the limited availability of ARRA funds, the expanded eligibility to municipal, co-op electric, and oil and propane customers for the COOLAdvantage, WARMAdvantage and Home Performance with ENERGY STAR programs will terminate on December 31, 2010 or earlier if ARRA funds are exhausted before that date.
Borough of Lavallette “Autopay”
Sign up for our Automatic
Payment Plan and have your bills automatically
paid from your checking or savings account on your due date each
month! More Information.
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