Local Finance Board approves numerous project applications

 TRENTON  – The state Local Finance Board approved numerous project requests for infrastructure work and utilities.

* $3,750,000 for the Environmental Infrastructure Trust Loan Program with Cape May County Municipal Utilities Authority

* $1,300,000 in Project Financing for  Bayonne Municipal Utilities Authority

* $1,703,640 in the Environmental Infrastructure Trust Loan Program for the Cinnaminson Sewerage Authority

 *$4,745,00 in the Environmental Infrastructure Trust Loan Program for Stone Harbor Borough in Cape May County.

In addition, the board OK’d these applications under the Proposed Refunding Bond Ordinance:

* For Glen Ridge Borough in Essex, $625,000

* Fort Lee Borough in Bergen, $7,500,000 

* New Brunswick City in Middlesex, $13,600,000 

* Ridgefield Borough in Bergen, $3,200,000

* Morris County, $6,000,000 

* Wayne Township in Passaic, $11,200,000 

* Winslow Township in Camden, $4,050,000 

* West Windsor Township in Mercer, $3,950,000 

* Spotswood Borough in Middlesex, $2,595,000

These school district applications were OK’d today.

* East Windsor Township Regional School District, $34,500,000 Proposed School Refunding Bonds

* Mendham Borough Board of Education, $7,350,000 Proposed School Refunding Bonds

* Hardyston Township Board of Education, $1,900,000 Proposed School Refunding Bonds

Also receiving approval on consent votes: 

* Lyndhurst Township Board of Education, $4,250,000 Proposed School Refunding Bonds

* Millstone Township Board of Education, $17,600,000 Proposed School Refunding Bonds

These applications under the USDA loan program were approved.

* Cape May, $1,400,000 Proposed Non-Conforming Maturity Schedule

* Gibbsboro Borough, Camden County, $450,000 Proposed Non-Conforming Maturity Schedule

* Eagleswood Township, Ocean County, $755,000 Proposed Non-Conforming Maturity Schedule

* Clayton Borough, $620,000 Proposed Non-Conforming Maturity Schedule

Also receiving OKs:

* Morris County Improvement Authority, Loan Revenue Refunding Bonds, $7,000,000 Proposed Project Financing

* West New York, $1,680,000 Proposed Qualified Bond Ordinance

* Somerset County Improvement Authority, Board of Social Services, $20,000,000 Proposed County Guarantee; $6,000,000 Proposed Project Financing

* Burlington County, $60,000,000 Proposed Installment Purchase Agreement

* Ocean County Utilities Authority, Wastewater Revenue Refunding Bonds, $20,260,000 Proposed Project Financing

* Kearny, Reappropriation Ordinance, $115,000 Proposed Qualified Bond Ordinance

* Sussex County, $11,250,000 Proposed Waiver of Down Payment regarding Hurricane-Irene related infrastructure repairs