FREEHOLD – The Borough Council has introduced a bond ordinance which appropriates $1.3 million for road resurfacing, storm drainage improvements and parking lot paving in Freehold Borough.
Council members introduced the bond ordinance on April 15. A public hearing on the ordinance is scheduled for May 6. The council may adopt the bond ordinance that evening.
The bond ordinance appropriates $1.3 million for the improvements and authorizes the issuance of $960,000 in bonds and notes to finance a portion of the costs. The remaining costs would be covered by a $250,000 grant borough officials expect to receive from the New Jersey Department of Transportation and a down payment of $50,000.
According to the ordinance, the improvements would consist of the resurfacing of Bannard Street and West Main Street, the resurfacing of and drainage improvements to Parker Street, and paving the Fourth Street parking lot.
In other business, council members introduced a bond ordinance that appropriates $335,000 for capital equipment acquisitions and municipal building improvements. The ordinance authorizes the issuance of $318,000 in bonds and notes to finance a portion of the costs, with a down payment of $17,000 to cover the remaining costs.
The capital equipment acquisitions include, but are not limited to, the purchase of trailers for lawn mowers, a leaf vacuum box, a trailer for a roller and skid steer loader, an Alcotest breathalyzer, six air packs, fire department trunking radios, and a dump truck.
The municipal building improvements include, but are not limited to, an epoxy resurfacing of the annex floor of the Freehold firehouse.
A public hearing on the bond ordinance is also scheduled for May 6. The council may adopt the bond ordinance that evening.
And, the governing body authorized a $5,298 change order in the purchase of two law enforcement vehicles from Chas S. Winner Inc. The change order will increase the purchase price for the vehicles from $54,198 to $59,496.
According to a resolution, the change order was authorized because Ford cancelled production on the current model year of the vehicles being purchased subsequent to the council’s approval of the purchase. Ford is now manufacturing a new model of the law enforcement vehicle and the updated vehicles resulted in the $5,298 increase.