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ORDINANCE 2015-25 Appropriation from Capital Surplus

ADOPTED: October 27, 2015

ORDINANCE 2015-25

CAPITAL ORDINANCE OF THE BOROUGH OF POINT PLEASANT BEACH,
IN THE COUNTY OF OCEAN, NEW JERSEY, AUTHORIZING THE CONSTRUCTION
OF A BATHROOM AT 1 OCEAN AVENUE, APPROPRIATING THEREFORE
THE SUM OF $35,000 FROM CAPITAL SURPLUS OF THE BOROUGH TOWARDS
THE CONSTRUCTION COST OF THE BATHROOM.

WHEREAS, the governing body of the Borough of Point Pleasant Beach has adopted, on October 13, 2015, a resolution making an emergency appropriation for the reconstruction of 1 Ocean Avenue in the amount of $35,000; and

WHEREAS, the governing body desires to fund this appropriation with an appropriation from capital surplus.

NOW THEREFORE BE IT ORDAINED by the Borough of Point Pleasant Beach, County of Ocean and State of New Jersey as follows:

Section 1. The Borough of Point Pleasant Beach, in the County of Ocean, New Jersey (the "Borough") is hereby authorized to construct a bathroom at the property owned by the Borough, known as 1 Ocean Avenue in Point Pleasant Beach, New Jersey. Said improvement shall include all work, materials and appurtenances necessary and suitable therefore.

Section 2. The sum of $35,000 is hereby appropriated to the payment of the cost of the improvement authorized and described in Section 1 hereof (hereinafter referred to as "purpose"). Said appropriation shall be raised from Capital Surplus of the Borough, as hereinafter provided. The sum of $35,000 is hereby appropriated from the Capital Surplus of the Borough to the payment of the cost of said purpose.

Section 3. Said improvement is a lawful capital improvement of the Borough having a period of usefulness of at least five (5) years. Said improvement shall be made as a general improvement, no part of the cost of which shall be assessed against property specially benefited.

Section 4. The capital budget is hereby amended to conform with the provisions of this capital ordinance to the extent of any inconsistency therewith and the resolutions promulgated by the Local Finance Board showing full detail of the amended capital budget and capital program as approved by the Director, Division of Local Government Services, is on file with the Borough Clerk and is available for public inspection.

Section 5. This ordinance shall take effect at the time and in the manner provided by law.

NOTICE
TAKE NOTICE that the foregoing ordinance was introduced and passed on first reading at a regular meeting of the Mayor and Council of the Borough of Point Pleasant Beach held on the 13th day of October, 2015 and will be further considered upon second reading for final passage at a regular meeting of the said Mayor and Council to be held on the Tuesday, the 27th day of October, 2015, at the Point Pleasant Beach Borough Hall, 416 New Jersey Avenue, Point Pleasant Beach, New Jersey, at 7:30 p.m., or as soon thereafter as the matter may be reached, at which time and place any person desiring to be heard thereon will be given such opportunity.
______________________________
EILEEN A. FARRELL, RMC
Municipal Clerk


Published October14, 2015 | New Ordinances | 2193


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