Local Finance Board OK’s numerous applications

TRENTON – The Local Finance Board took action today on numerous items.

The board approved these financing requests under the Environmental Infrastructure Trust Loan Program: $285,000 in Lacey Township; $6 million for Long Beach Township; $420,000 in Harrington Park Borough; $7 million in Lakewood Township; $1.9 million in Toms River; $3.5 million in Raritan Township; and $2.6 million for the North Bergen Municipal Utilities Authority.

The board OK’d these applications for school re-funding bonds:

$8.2 million for Henry Hudson Regional School District; $10 million for Wyckoff Township Board of Education; $2.6 million for the Shrewsbury Borough Board of Education; $2.9 million for the Belmar Borough Board of Education; $4.4 million for the Stafford Township Board of Education;  $33.8 million for Somerset Hills Regional Board of Education; $30.4 million for Watchung Hills Regional Board of Education; and $6.9 million for Ho-Ho-Kus Borough Board of Education; $3.2 million for Washington Borough Board of Education.

These re-funding bond ordinances received approval:

$7 million for Bridgewater; $4 million for Springfield in Union County; $12 million for South Orange; $4.2 million for Mount Olive; $6.3 million for Sussex Borough; $3.8 million for Raritan; $529,000 for West Caldwell.

These two requests were approved under tax appeal funding:

$282,000 for Glen Ridge in Essex County and $240,000 for Plumsted in Ocean County.

Also, the Board OK’d $49 million for the Mercer County Improvement Authority for a proposed project refinancing.

Other applications that advanced were $1.4 million in a bond ordinance for East Orange; and for Perth Amboy, an amending ordinance.

Several fire district bond ordinances won approval: $1.9 million for Mount Laurel Fire District 1 for lease-purchase of three vehicles; $725,000 for Brick Fire District 3 for a rescue truck; and $500,000 for Hanover Fire District 3 for a fire pumper.

The board approved $49 million for Camden County Improvement Authority for a renewable energy program. This is for a 15-year solar project in 11 locations throughout the county.

Then, the board approved $8 million for the Hudson County Improvement Authority for a renewable energy program.

This is for a solar project involving approximately 36 properties among towns and schools.

The board approved $210,000 for Pine Hill in Camden County for a re-funding bond ordinance; $1.69 million for Bordentown Township for tax appeals; $700,000 for Mount Laurel; $1.8 million for Paramus for tax appeals; $700,000 for Saddle Brook tax appeals; $575,000 for South Orange Village Township tax appeals; $3.4 million for Irvington; $22.5 million for Trenton.

Under school re-funding bonds, the board approved $3.2 million for Washington Borough in Warren County; $33 million for South Brunswick; $34.8 million for West Orange.

Other bond refundings that were approved include $2.6 million for Sussex County; $5.2 million for Morristown.

Local Finance Board OK’s numerous applications