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ORDINANCE 2016-10 Capital Ordinance

ADOPTED: May 17, 2016

CAPITAL ORDINANCE OF THE BOROUGH OF POINT PLEASANT BEACH, IN THE COUNTY OF OCEAN, NEW JERSEY AUTHORIZING THE ACQUISTION OF SINGLE SPACE PARKING METERS, BY AND FOR THE BOROUGH, APPROPRIATING THEREFOR THE SUM OF $35,000 AND PROVIDING THAT SUCH SUM APPROPRIATED SHALL BE RAISED FROM CAPITAL SURPLUS OF THE BOROUGH

BE IT ORDAINED by the Borough Council of the Borough of Point Pleasant Beach, in the County of Ocean, 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 acquire single space parking meters, by and for the Borough. Said improvement shall include all work, materials and appurtenances necessary and suitable therefor.

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 the "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 or the temporary 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
NOTICE IS GEREBY GIVEN that the following proposed ordinance was introduced and passed on first reading at a meeting of the Borough Council of the Borough of Point Pleasant Beach, in the County of Ocean, State of New Jersey, held on the 3rd day of May 2016, and that said ordinance will be taken up for further consideration for final passage at the meeting of said Borough Council to be held at its meeting room in the Borough Hall, 416 New Jersey Avenue, Point Pleasant Beach, New Jersey, on the 17th day of May, 2016, at 7:30 P.M., or as soon thereafter as said matter can be reached, at which time and place all persons who may be interested therein will be given an opportunity to be heard concerning the same.
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, and a copy is available up to and including the time of such meeting to the members of the general public of the Borough who shall request such copies, at the office of the Clerk in said Borough Hall in Point Pleasant Beach, New Jersey.

____________________________
Eileen A. Farrell, RMC
Municipal Clerk
Borough of Point Pleasant Beach
County of Ocean
State of New Jersey


Published May04, 2016 | New Ordinances | 2328


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