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Irvington council adopts $20 million bond ordinance to fund police, DPW and park projects
Summary
The Irvington Municipal Council adopted a $20 million bond ordinance to finance capital improvements across police, fire, public works and parks, including a $3.745 million building at 406 Coit Street and a $2.11 million Orange Park pool enclosure; the measure passed on second reading Sept. 9.
The Irvington Municipal Council on Sept. 9 adopted a bond ordinance authorizing $20 million in capital improvements, with $19 million to be financed through bonds or notes.
The ordinance lists projects across municipal departments, including vehicle and equipment purchases and building work. It allocates $3.745 million (including an America Rescue Fund allocation of $2.5 million) for a new building at 406 Coit Street, $2.11 million for an Orange Park pool enclosure, equipment and vehicle purchases for the Department of Public Works, and investments in police and fire facilities and apparatus.
Council Member Vick moved to adopt the ordinance on second reading; Council Member Dr. Hudley seconded the motion, which the council adopted (record: Adopted; Absent: Cox). The bond ordinance specifies down payments already made and applies Urban Enterprise Zone funds of $432,000 to a street-sweeper line item.
The ordinance sets project-specific estimated useful lives and directs the chief financial officer to manage the bond anticipation notes and required debt disclosure. It also authorizes the township to apply grant moneys to project costs or to reduce the obligations issued. The measure will take effect 20 days after publication, as provided by the Local Bond Law.
No substantive public-debate quotes appear in the record for the ordinance; the council adopted it as presented. Next steps include bond issuance and required secondary-market disclosures and filings by the chief financial officer.
