BOROUGH OF Ship Bottom

COUNTY OF Ocean

Bond Ordinance No. 02-2026

BOND ORDINANCE STATEMENT AND SUMMARY

The bond ordinance, the summary terms of which are included herein, has been finally adopted by the governing body of the Borough of Ship Bottom, in the County of Ocean, State of New Jersey, by the recorded affirmative votes of at least two-thirds (2/3rds) of the full membership of the governing body on March 24, 2026, and the twenty (20) day period of limitation within which a suit, action or proceeding questioning the validity of such ordinance can be commenced, has begun to run from the date of the first dissemination of this statement.  Copies of the full ordinance are available at no cost and during regular business hours, at the Clerk’s office for members of the general public who request the same. The summary of the terms of such bond ordinance follows:

Title: BOND ORDINANCE PROVIDING FOR ROAD IMPROVEMENTS TO 7TH STREET (FROM BARNEGAT AVENUE TO SHORE AVENUE), APPROPRIATING $600,000 THEREFOR AND AUTHORIZING THE ISSUANCE OF $285,225 BONDS AND NOTES TO FINANCE A PORTION OF THE COSTS THEREOF, AUTHORIZED IN AND BY THE BOROUGH OF SHIP BOTTOM, IN THE COUNTY OF OCEAN, NEW JERSEY.

Purpose(s): Road improvements to 7th Street (from Barnegat Avenue to Shore Avenue) located in the Borough

Appropriation: $600,000

Bonds/Notes Authorized: $285,225

Section 20 Costs: $90,000

Grant Funds: $314,775 NJDOT

Useful Life: 10 Years

KRISTY CORRENTI, Municipal Clerk

Borough of Ship Bottom

County of Ocean, New Jersey

 

BOROUGH OF SHIP BOTTOM
PROOF OF INSERTION

STATE OF NEW JERSEY
COUNTY OF OCEAN

I, Sara Dela Cruz, RMC, Deputy Municipal Clerk of the Borough of Ship Bottom, County of Ocean, State of New Jersey, certify that this advertisement, of which the annexed is a true copy, was posted March 25, 2026, at 3:14 pm, on the official website of the Borough of Ship Bottom, County of Ocean, State of New Jersey. This advertisement will be published Thursday, April 2nd 2026 in the Beach Haven Times, which is of general circulation in the municipality, in the County of Ocean.

_________________________                                                                                    
Sara Dela Cruz, RMC                                                                   3/25/2026                                                                                         
Borough of Ship Bottom                                                             Date of Certification
Deputy Municipal Clerk