CITY OF NORTH WILDWOOD COUNTY OF CAPE MAY, NEW JERSEY ORDINANCE NO. 1967 BOND ORDINANCE PROVIDING FOR VARIOUS CAPITAL IMPROVEMENTS BY AND FOR THE CITY OF NORTH WILDWOOD, IN THE COUNTY OF CAPE MAY, STATE OF NEW JERSEY; APPROPRIATING $7,700,000 THEREFOR AND AUTHORIZING THE ISSUANCE OF $7,315,000 IN BONDS OR NOTES TO FINANCE PART OF THE COST THEREOF PUBLIC NOTICE BOND ORDINANCE STATEMENTS AND SUMMARY The bond ordinance, the summary terms of which are included herein, has been finally adopted by the City of North Wildwood, in the County of Cape May, State of New Jersey on April 1, 2025, and the twenty (20) day period of limitation within which a suit, action or proceeding questioning the validity of such ordinance can be commenced, as provided in the Local Bond Law, has begun to run from the date of the first publication of this statement. Copies of the full ordinance are available at no cost and during regular business hours, at the Clerks office for members of the general public who request the same. The summary of the terms of such bond ordinance follows: Title:BOND ORDINANCE PROVIDING FOR VARIOUS CAPITAL IMPROVEMENTS BY AND FOR THE CITY OF NORTH WILDWOOD, IN THE COUNTY OF CAPE MAY, STATE OF NEW JERSEY; APPROPRIATING $7,700,000 THEREFOR AND AUTHORIZING THE ISSUANCE OF $7,315,000 IN BONDS OR NOTES TO FINANCE PART OF THE COST THEREOF Purpose(s):Various Capital Improvements To City Streets, Roads And Bulkheads, And City Buildings, Grounds And Beaches Including, But Not Limited To, Seawall Repair And Beach Replenishment; Acquisition Of Vacuum Truck For Public Works Department And Acquisition Of Mobile Barriers For Police Department Appropriation:$7,700,000 Bonds/Notes Authorized:$7,315,000 Grants Appropriated: None Section 20 Costs: $1,540,000 Useful Life: 16.13 years W. SCOTT JETT, RMC, CMRCity Clerk 1x Fee=$37.55 4/9/25
