Regular Meeting Agenda December 21, 2015

Updated 12/19/2015
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Regular Meeting
December 21, 2015
7:30 PM


CALL TO ORDER, SALUTE TO THE FLAG, MOMENT OF SILENCE AND ROLL CALL

MINUTES    -    12/7/15 regular meeting
                          12/7/15 PUBLIC HEARING ON CLEARWATER VILLAGE LICENSE RENEWAL
         
PRESENTATION OF CERTIFICATE OF DETERMINATION & AWARD

CFO Joe Zanga determines to issue the Bond Anticipation Notes, Series 2015 by several bond ordinances collectively, authorizing obligations in the aggregate principal amount of $2,862,000 as follows:
   


TOTAL PRINCIPAL:

AMOUNT:  $2,862.00
DATED:  December 21, 2015
MATURITY:  December 20, 2016
INTEREST RATE PER ANNUM: .88% payable at maturity
REGISTERED OWNER: PNC Bank, National Association,  East Brunswick, NJ
PLACE OF PAYMENT: Borough of Spotswood, 77 Summerhill Road, Spotswood, NJ 08884

NUMBERS: 2015-1

DENOMINATIONS: $2,862,000

Pursuant to the authority so conferred upon me, I, Joe Zanga, have awarded and sold the Notes to PNC Bank, National Association, East Brunswick, NJ at the price of $2,862,000, plus a premium of $ -0-.

CONTRACT PRICE: $2,862,000
PREMIUM: -0-
INTEREST ACCRUED TO THE DATE OF DELIVERY: -0-
TOTAL AMOUNT RECEIVED (PURCHASE PRICE)

Payment of the Purchase Price was made as follows:
Wire of Immediately Available Funds to:

      TD Bank
      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.

2015-198    Finance Officer of Utility Revenue authorized to make credits to consumers of utility.

2015-199    Borough Council authorize the appropriate officials to execute the Information & Assistance Grant Application from Middlesex County Office On Aging and accept the grant in the amount of $6,000.

2015-200    Borough Council authorize the appropriate officials to execute the Assisted Transportation Grant Application (SSBG-A16606)  from Middlesex County Office On Aging and accept the grant in the amount of $5,000.

2015-201    Borough Council authorize the appropriate officials to execute the Residential Maintenance Grant Application (SHTP-16606)  from Middlesex County Office On Aging and accept the grant in the amount of $4,000.

2015-202    Borough Council authorize the Borough Tax Collector, Utility Collector and Chief Financial Officer to cancel all balances less than $10.00.

2015-203    Resolution authorizing the CFO to provide for the transfer of year 2015 budget appropriations
.
2015-204    Resolution authorizing the CFO for cancelling grant receivables and appropriation reserve balances.

2015-205    Professional services contract authorizing CME Associates to perform necessary land surveying and engineering services associated with the EMS building, in an amount not to exceed $15,725.00.

2015-206     Borough Council accept the bid of $732,000 for the project, Daniel Road Water Treatment Plant Upgrades opened and read on December 11, 2015 and the lowest most responsible bidder was B & H Contracting, Inc., as recommended by CME Associates   and Borough Attorney.

2015-207    Bill List in the amount of $2,790,059.87

COMMENTS
Any and all reports from Liaisons and Department Heads

OPEN TO THE PUBLIC

ADJOURN - ANY AND ALL BUSINESS THAT COMES BEFORE COUNCIL