North Haledon adopts $1.82 million bond ordinance for 2025 capital projects

The Borough Council of North Haledon adopted Ordinance #5-2025 on April 16, 2025, a bond ordinance appropriating $1,823,406 for various 2025 capital acquisitions and improvements and authorizing the issuance of $1,472,500 in bonds or notes to finance the balance.

The ordinance lists specific projects and appropriation amounts: a Department of Public Works street sweeper ($340,000); municipal building and grounds improvements, including work at the Buehler Cultural Center and DPW garage ($400,000); street and sidewalk projects including paving and curbing work on Juniper Drive, Greenwood Avenue, Lakeview Avenue and Manchester Avenue ($673,406, including a $273,406 New Jersey Department of Transportation grant); police vehicles and security upgrades ($200,000); fire equipment including hoses ($100,000); technology and camera/security upgrades ($100,000); and $10,000 for Section 20 incidental costs. The ordinance records a $77,500 aggregate down payment and identifies the DOT grant funding for the Manchester Avenue project so that no down payment is required for that portion.

The Chief Financial Officer is authorized to issue temporary notes, determine maturities and interest rates, and report sales to the governing body. The ordinance pledges the borough’s full faith and credit for payment of debt service and states the ordinance will take effect 20 days after first publication of the notice of final adoption, in accordance with the Local Bond Law.

Council opened a public comment period (no speakers) and then passed the ordinance by unanimous roll call. The ordinance authorizes staff to reduce bond issuance if other grants or contributions are received before issuance and stipulates that any post-issuance grants will be applied to debt service.