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:
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
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
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:
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
Any and all reports from Liaisons and Department Heads
OPEN TO THE PUBLIC
ADJOURN - ANY AND ALL BUSINESS THAT COMES BEFORE COUNCIL