Notice of Final Adoption of Bond Ordinance 2026-12

BOND ORDINANCE STATEMENT AND SUMMARY

The bond ordinance, the summary terms of which are included herein, has been finally adopted by the Township Committee of the Township of Chatham, in the County of Morris, State of New Jersey on October 13, 2026 and the 20-day period of limitation within which a suit, action or proceeding questioning the validity of such ordinance can be commenced, as provided in the Local Bond Law, has begun to run from the date of the first publication of this statement by its posting on the Township’s official Internet website.  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 TO AUTHORIZE THE INSTALLATION OF SOLAR ENERGY SYSTEMS AT THE WATER POLLUTION CONTROL PLANT IN, BY AND FOR THE SEWER UTILITY OF THE TOWNSHIP OF CHATHAM, IN THE COUNTY OF MORRIS, STATE OF NEW JERSEY, TO APPROPRIATE THE SUM OF $2,100,000 TO PAY THE COST THEREOF, TO AUTHORIZE THE ISSUANCE OF BONDS TO FINANCE SUCH APPROPRIATION AND TO PROVIDE FOR THE ISSUANCE OF BOND ANTICIPATION NOTES IN ANTICIPATION OF THE ISSUANCE OF SUCH BONDS.

Purpose(s):  Installation of solar energy systems at the Water Pollution Control Plant in, by and for the Sewer Utility of the Township.

Appropriation:  $2,100,000
Bonds/Notes Authorized:  $2,100,000
Grants (if any) Appropriated:  $-0-
Section 20 Costs:  $150,000
Useful Life:  15 years

Gregory J. LaConte
Township Clerk
Township of Chatham
County of Morris
State of New Jersey