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Council amends 2024 capital budget, introduces bond ordinance to fund Van Doren Avenue resurfacing
Summary
Council approved an amendment to the 2024 capital budget to accommodate a $555,000 resurfacing project for Van Doren Avenue (Main St. to Kimball St.), including a roughly $224,785 state grant; council introduced bond ordinance 24‑12 on first reading to authorize bonds and set a Sept. 23 public hearing.
Council moved and approved Resolution 24‑260 amending the 2024 capital budget to account for a Van Doren Avenue resurfacing project estimated at $555,000, of which approximately $224,785 is expected from a state grant. Borough administrators explained that the contract must be awarded by November 2024 and that municipal financing arrangements require an amended capital budget and a bond ordinance in place to secure funding prior to award.
Council President Matheson introduced bond ordinance 24‑12 for first reading to appropriate $555,000 (including the state grant), to authorize bonds and bond anticipation notes, and to schedule the ordinance for second reading and public hearing on Sept. 23, 2024. Administrators said construction will likely occur in 2025 and that the capital amendment is a legal step to enable contract award processes and related bonding.
