PRESENTATION OF CERTIFICATE OF DETERMINATION & AWARD
CFO Joe Zanga determines to issue the Bond Anticipation Notes, Series 2016A by several bond ordinances collectively, authorizing obligations in the aggregate principal amount of $4,030,000 as follows:
DATED: December 20, 2016
MATURITY: December 19, 2017
INTEREST RATE PER ANNUM:
1.29% payable at maturity
TD Bank, National Association,
Mount Laurel, NJ
PLACE OF PAYMENT:
Borough of Spotswood
77 Summerhill Road
Spotswood, NJ 08884 NUMBERS
Pursuant to the authority so conferred upon me, I, Joe Zanga, have awarded and sold the Notes to TD Bank, National Association, Mount Laurel, NJ at the price of $4,030,000, plus a premium of $ -0-.
INTEREST ACCRUED TO THE DATE OF DELIVERY
TOTAL AMOUNT RECEIVED (PURCHASE PRICE)
Payment of the Purchase Price was made as follows:
Wire of Immediately Available Funds to:
Borough of Spotswood Current Fund
RESOLUTIONS - UNDER CONSENT AGENDA
Copies of the resolutions under consent agenda are available for perusal only on the table. Anyone desiring a copy may contact the Clerk after the meeting.
2016-187 Borough Council approve the renewal of Clearwater Village LLC Mobile Home Park License for the year 2017.
2016-188 Borough Council accepts resolution setting forth the agenda meeting dates and time set for the year 2017.
2016-189 Borough Council authorize the award of Emergency Generator Maintenance services to EMR Power Systems for another one year, retroactively back to March 10, 2016 thru March 10, 2017.
2016-190 Resolution authorizing final pay estimate No. 3 and final close-out and change order for water system interconnection in the amount of $4,872.57 subject to contractor submitting payroll and manning report and a one year maintenance bond in the amount of $22,873.28.
2016-191 Resolution to provide for the transfer of year 2016 budget appropriations.
2016-192 Resolution supporting Police Officers, Firefighters, Correction Officers and First Responders.
2016-193 Borough Council authorized the Tax Collector, Utility Collector and Chief Financial Officer to cancel all balances less than $10.00, for certain adjustments, recessions, amendments, cancellations, corrections, refunds and uncollectibles on certain accounts due to various reasons.
COMMENTS - Any and all reports from Liaisons and Department Heads
OPEN TO THE PUBLIC
CLOSE SESSION - PERSONNEL
NEXT COUNCIL MEETING -
REORGANIZATION MEETING TO BE ON WEDNESDAY - JANUARY 4, 2017 START TIME IS 7:00 PM - EVERYONE IS INVITED.
**NOTICE - Borough Council Meetings, with the exception of Executive/Closed Session discussions, are videotaped for later broadcast. It is the policy of the Borough Council that videotaped meetings are not edited for any purpose. Individuals who speak at the Council's public meetings should be aware of these videotaping rules.
* PLEASE NOTE: YOU MAY CLICK ON THE RESOLUTION NUMBER AND/OR ORDINANCE NUMBER TO READ IT IN FULL.