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Council introduces budget-cap, bond and paper-street ordinances including $2.355 million bond
Summary
The council introduced three ordinances: 26-09 to exceed municipal budget appropriation limits and establish a cap bank (NJSA citation as read in the record); 26-10, a bond ordinance to authorize public improvements and appropriate $2,355,000; and 26-11, vacating a paper street. All were introduced by motion and approved by roll call.
At its meeting the Woodcliff Lake Borough Council introduced three ordinances tied to the capital plan and municipal budget.
Ordinance 26-09 was introduced to exceed municipal budget appropriation limits and to establish a cap bank under the NJSA citation read into the record. Council then introduced Ordinance 26-10, a bond ordinance described in the meeting record as authorizing various public improvements and the acquisition of equipment, furnishings and vehicles and appropriating the sum of $2,355,000 to finance those improvements; the ordinance also authorizes the issuance of bonds and bond anticipation notes. Both ordinances were approved for introduction by roll-call vote.
Council also introduced Ordinance 26-11 to vacate a paper street within the borough; that introduction likewise passed by roll-call vote. The meeting record shows motions for introduction followed by roll-call approvals; the full ordinance texts and any fiscal-detail attachments were not read into the public record during the meeting and therefore are recorded as "not specified."
