Start your 7-day free trial — unlock full access instantly.

Lead Closed

This opportunity is no longer accepting submissions.

Gloucester CityGreen Risk

ClosedGeneral

Bond Ordinance O2608 Revised| Published:03/09/26

BID #: O-26-08

ISSUED: 3/9/2026

DUE: TBD

VALUE: $10,435,314

100

Rating

Risk Rank

Green Risk

AI-Powered Lead Insights

Executive Summary

The Township of Gloucester is authorizing the completion of various capital improvements and the acquisition of capital equipment through Bond Ordinance O-26-08 (Revised). The ordinance appropriates $10,435,314 for various projects including reconstruction/repaving of sidewalks and streets, drainage improvements, park and recreation facility upgrades, traffic signs and signals, township building improvements, and acquisition of vehicles and equipment for public works and police departments. It also includes the acquisition of real property. The issuance of general obligation bonds or bond anticipation notes is authorized up to $9,938,394 to finance these projects.

Web Content

Automated discovery link found on Gloucester City website.

Document Text

--- Document: Bond Ordinance O2608 Revised| Published:03/09/26 Document ---
O-26-08 (Revised)
BOND ORDINANCE AUTHORIZING THE COMPLETION OF VARIOUS CAPITAL
IMPROVEMENTS AND THE ACQUISITION OF VARIOUS PIECES OF CAPITAL
EQUIPMENT IN AND FOR THE TOWNSHIP OF GLOUCESTER, COUNTY OF
CAMDEN, NEW JERSEY; APPROPRIATING THE SUM OF $10,435,314, THEREFOR;
AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS OR BOND
ANTICIPATION NOTES OF THE TOWNSHIP OF GLOUCESTER, COUNTY OF
CAMDEN, NEW JERSEY, IN THE AGGREGATE PRINCIPAL AMOUNT OF UP TO
$9,938,394; MAKING CERTAIN DETERMINATIONS AND COVENANTS; AND
AUTHORIZING CERTAIN RELATED ACTIONS IN CONNECTION WITH THE
FOREGOING
BE IT ORDAINED by the Township Council of the Township of Gloucester, County of
Camden, New Jersey (not less than two-thirds of all the members thereof affirmatively concurring),
pursuant to the provisions of the Local Bond Law, Chapter 169 of the Laws of 1960 of the State of
New Jersey, as amended and supplemented ("Local Bond Law"), as follows:
Section 1. The purposes described in Section 7 hereof are hereby authorized as general
improvements to be made or acquired by the Township of Gloucester, County of Camden, New
Jersey ("Township").
Section 2. It is hereby found, determined and declared as follows:
(a)
the estimated amount to be raised by the Township from all sources for the purposes stated
in Section 7 hereof is $10,435,314;
(b)
the estimated amount of bonds or bond anticipation notes to be issued for the purposes stated
in Section 7 hereof is $9,938,394; and
(c)
a down payment in the amount of $496,920 for the purposes stated in Section 7 hereof is
currently available in accordance with the requirements of Section 11 of the Local Bond Law,
N.J.S.A. 40A:2-11.
Section 3.
The sum of $9,938,394, to be raised by the issuance of bonds or bond
anticipation notes, together with the sum of $496,920, which amount represents the required down
payment, are hereby appropriated for the purposes stated in this bond ordinance ("Bond Ordinance").
Section 4. The issuance of negotiable bonds of the Township in an amount not to exceed
$9,938,394 to finance the costs of the purposes described in Section 7 hereof is hereby authorized.
Said bonds shall be sold in accordance with the requirements of the Local Bond Law.
Section 5. In order to temporarily finance the purposes described in Section 7 hereof,
the issuance of bond anticipation notes of the Township in an amount not to exceed $9,938,394 is
hereby authorized. Pursuant to the Local Bond Law, the Chief Financial Officer is hereby authorized
to sell part or all of the bond anticipation notes from time to time at public or private sale and to
deliver the same to the purchasers thereof upon receipt of payment of the purchase price plus accrued
interest from their date to delivery thereof. The Chief Financial Officer is hereby directed to report
in writing to the governing body at the meeting next succeeding the date when any sale or delivery
of the bond anticipation notes pursuant to this Bond Ordinance is made. Such report must include
the amount, the description, the interest rate and the maturity schedule of the bond anticipation notes
sold, the price obtained and the name of the purchaser.
Section 6. The amount of the proceeds of the obligations authorized by this Bond
Ordinance, which may be used for the payment of interest on such obligations, accounting,
engineering, legal fees and other items as provided in Section 20 of the Local Bond Law, N.J.S.A.
40A:2-20, shall not exceed the sum of $2,000,000.
Section 7.
The improvements hereby authorized and the purposes for which said
obligations are to be issued; the estimated costs of each said purpose; the amount of down payment
for each said purpose; the amount of available grants for each said purpose; the maximum amount
obligations to be issued for each said purpose and the period of usefulness of each said purpose
within the limitations of the Local Bond Law are as follows:
Purpose/Improvement
A.
Reconstruction and/or Repaving of Various
Sidewalks and Curbs in the Township, together with
the acquisition of all materials and equipment and
completion of all work necessary therefor or related
thereto.
Estimated
Total Cost
$316,500
2,842,086
Down
Payment
$15,071
Amount of
Obligations
$301,429
Period of
Usefulness
10 years
B.
Reconstruction and/or Repaving of Various Streets
in the Township, together with the acquisition of all
materials and equipment and completion of all work
necessary therefor or related thereto all as more
particularly set forth in the information on file with
135,337
2,706,749
10 years
the Township Administrator.
C.
Various Drainage Improvements throughout the
Township, together with the acquisition of all
materials and equipment and completion of all work
necessary therefor or related thereto.
284,534
13,550
270,984
15 years
D.
Improvements and Upgrades to Various Parks,
Playgrounds, and Recreation Facilities, together
with the acquisition of all materials and equipment
and completion of all work necessary therefor or
related thereto.
698,410
33,258
665,152
15 years
E.
Acquisition and Installation of Various Traffic Signs
and Signals, together with the acquisition of all
materials and equipment and completion of all work
necessary therefor or related thereto.
63,300
3,014
60,286
10 years
F.
Improvements and Upgrades to Various Township
Buildings, together with the acquisition of all
materials and equipment and completion of all work
necessary therefor or related thereto, all as more
particularly set forth in the information on file with
1,877,900
89,424
1,788,476
15 years
the Township Administrator.
G.
Acquisition of Medium Duty Vehicles for the Public
Works Department including, but not limited to,
Large Transportation Bus and Dump Truck,
together with the acquisition of all materials and
equipment and completion of all work necessary
therefor or related thereto.
611,900
29,138
582,762
10 years
H.
I.
J.
Κ.
L.
Purpose/Improvement
Acquisition of Various Vehicles and Equipment for
the Public Works Department including, but not
limited to, Loader Attachment, Pick-Up Trucks with
Plows, Asphalt Pothole Patch Trailer, Welder, and
Backhoe Restoration Equipment, together with the
acquisition of all materials and equipment and
completion of all work necessary therefor or related
thereto.
Acquisition of Various Equipment for the Parks and
Recreation Department including, but not limited to,
Mowers, Fences, Dugout Roofs, and Tot Lot
Refurbishment Equipment, together with the
acquisition of all materials and equipment and
completion of all work necessary therefor or related
thereto.
Acquisition of Information Technology Equipment
for Various Township Offices, together with the
acquisition of all materials and equipment and
completion of all work necessary therefor or related
thereto, all as more particularly set forth in the
information on file with the Township
Administrator.
Acquisition of Various Equipment for the Police
Department including, but not limited to,
Communications Equipment, Vehicles, and Tactical
Equipment, together with the acquisition of all
materials and equipment and completion of all work
necessary therefor or related thereto.
Acquisition of Real Property in the Township
including the former PNC Bank Property (Church
Street), together with the acquisition of all materials
and equipment and completion of all work necessary
therefor or related thereto, all as more particularly
set forth in the information on file with the
Township Administrator.
Μ. Various Improvements for Police Department
Facilities including, but not limited to, Training
Center Expansion, together with the acquisition of
all materials and equipment and completion of all
work necessary therefor or related thereto.
Estimated
Total Cost
321,775
180,405
245,288
$2,254,716
316,500
422,000
Down
Payment
15,323
8,591
11,680
$107,368
15,071
20,095
Amount of
Obligations
306,452
171,814
233,608
$2,147,348
301,429
401,905
Period of
Usefulness
5 years
5 years
7 years
5 years
40 years
15 years
Appropriation:
$10,435,314
Bonds/Notes Authorized:
$9,938,394
Grants (if any) Appropriated: $0
Section 20 Costs:
$2,000,000
Useful Life:
11.09 years
NANCY POWER, Township Clerk
This Notice is published pursuant to N.J.S.A. 40A:2-17.
(e)
it shall take no action that would cause the bonds or bond anticipation notes
to be "federally guaranteed" within the meaning of Section 149(b) of the Code.
Section 15. The improvements authorized hereby are not current expenses and are
improvements that the Township may lawfully make. No part of the cost of the improvements
authorized hereby has been or shall be specially assessed on any property specially benefited thereby.
Section 16. All ordinances or parts of ordinances, inconsistent herewith are hereby
repealed to the extent of such inconsistency.
Section 17.
In accordance with the Local Bond Law, this Bond Ordinance shall take
effect twenty (20) days after the first publication thereof after final passage.
Introduced: March 9, 2026
ATTEST:
Township Clerk
Nancy Power, RMC
Mayor
David R. Mayer
President of Council
Orlando Mercado
Notice of Pending Bond Ordinance and Summary
The bond ordinance, the summary terms of which are included herein, was introduced and
passed upon first reading at a meeting of the Township Council of the Township of Gloucester, in
the County of Camden, State of New Jersey, on March 9, 2026. It will be further considered for
final passage, after public hearing thereon, at a meeting of the Township Council of the Township
of Gloucester to be held at the Gloucester Township Municipal Building, 1261 Chews Landing-
Clementon Road at Hider Lane, Laurel Springs, New Jersey 08012, on
2026 at
o'clock M. During the week prior to and up to and including the date of such meeting
copies of the full ordinance will be available at no cost and during regular business hours, at the
Township Clerk's office for the members of the general public who shall request the same. The
summary of the terms of such bond ordinance follows:
Title:
BOND ORDINANCE AUTHORIZING THE COMPLETION
OF VARIOUS CAPITAL IMPROVEMENTS AND THE
ACQUISITION OF VARIOUS PIECES OF CAPITAL
EQUIPMENT IN AND FOR THE TOWNSHIP OF
GLOUCESTER, COUNTY OF CAMDEN, NEW JERSEY;
APPROPRIATING THE SUM OF $10,435,314, THEREFOR;
AUTHORIZING THE ISSUANCE OF GENERAL
OBLIGATION BONDS OR BOND ANTICIPATION NOTES
OF THE TOWNSHIP OF GLOUCESTER, COUNTY OF
CAMDEN, NEW JERSEY, IN THE AGGREGATE
PRINCIPAL AMOUNT OF UP TO $9,938,394; MAKING
CERTAIN DETERMINATIONS AND COVENANTS; AND
AUTHORIZING CERTAIN RELATED ACTIONS IN
CONNECTION WITH THE FOREGOING
Purpose/Improvement
A.
Reconstruction and/or Repaving of Various
Sidewalks and Curbs in the Township, together with
the acquisition of all materials and equipment and
completion of all work necessary therefor or related
thereto.
Estimated
Total Cost
$316,500
2,842,086
Down
Payment
$15,071
Amount of
Obligations
$301,429
135,337
2,706,749
Period of
Usefulness
10 years
B.
Reconstruction and/or Repaving of Various Streets
in the Township, together with the acquisition of all
materials and equipment and completion of all work
necessary therefor or related thereto all as more
particularly set forth in the information on file with
10 years
the Township Administrator.
C.
Various Drainage Improvements throughout the
Township, together with the acquisition of all
materials and equipment and completion of all work
necessary therefor or related thereto.
284,534
13,550
270,984
15 years
D.
Improvements and Upgrades to Various Parks,
Playgrounds, and Recreation Facilities, together
with the acquisition of all materials and equipment
and completion of all work necessary therefor or
related thereto.
698,410
33,258
665,152
15 years
E.
Acquisition and Installation of Various Traffic Signs
and Signals, together with the acquisition of all
materials and equipment and completion of all work
necessary therefor or related thereto.
63,300
3,014
60,286
10 years
F.
Improvements and Upgrades to Various Township
Buildings, together with the acquisition of all
materials and equipment and completion of all work
necessary therefor or related thereto, all as more
particularly set forth in the information on file with
1,877,900
89,424
1,788,476
15 years
the Township Administrator.
G.
Acquisition of Medium Duty Vehicles for the Public
Works Department including, but not limited to,
Large Transportation Bus and Dump Truck,
together with the acquisition of all materials and
equipment and completion of all work necessary
therefor or related thereto.
611,900
29,138
582,762
10 years
H.
I.
J.
Κ.
Purpose/Improvement
Estimated
Total Cost
321,775
Acquisition of Various Vehicles and Equipment for
the Public Works Department including, but not
limited to, Loader Attachment, Pick-Up Trucks with
Plows, Asphalt Pothole Patch Trailer, Welder, and
Backhoe Restoration Equipment, together with the
acquisition of all materials and equipment and
completion of all work necessary therefor or related
thereto.
Acquisition of Various Equipment for the Parks and
Recreation Department including, but not limited to,
Mowers, Fences, Dugout Roofs, and Tot Lot
Refurbishment Equipment, together with the
acquisition of all materials and equipment and
completion of all work necessary therefor or related
thereto.
Acquisition of Information Technology Equipment
for Various Township Offices, together with the
acquisition of all materials and equipment and
completion of all work necessary therefor or related
thereto, all as more particularly set forth in the
information on file with the Township
Administrator.
Acquisition of Various Equipment for the Police
Department including, but not limited to,
Communications Equipment, Vehicles, and Tactical
Equipment, together with the acquisition of all
materials and equipment and completion of all work
necessary therefor or related thereto.
180,405
245,288
2,254,716
Down
Payment
15,323
8,591
11,680
107,368
Amount of
Obligations
306,452
171,814
233,608
2,147,348
Period of
Usefulness
5 years
5 years
7 years
5 years
L.
Acquisition of Real Property in the Township
including the former PNC Bank Property (Church
Street), together with the acquisition of all materials
and equipment and completion of all work necessary
therefor or related thereto, all as more particularly
316,500
15,071
301,429
40 years
set forth in the information on file with the
Township Administrator.
Μ.
Various Improvements for Police Department
Facilities including, but not limited to, Training
Center Expansion, together with the acquisition of
all materials and equipment and completion of all
work necessary therefor or related thereto.
422,000
20,095
401,905
15 years
Appropriation:
$10,435,314
Bonds/Notes Authorized:
Grants (if any) Appropriated: $0
$9,938,394
Section 20 Costs:
Useful Life:
$2,000,000
11.09 years
NANCY POWER, Township Clerk
This Notice is published pursuant to N.J.S.A. 40A:2-17.
Bond Ordinance Statements and Summary
The bond ordinance, the summary terms of which are included herein, has been finally
adopted by the Township Council of the Township of Gloucester, in the County of Camden, State
of New Jersey on
2026 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 Township Clerk's office at in the Gloucester Township Municipal Building, 1261 Chews
Landing-Clementon Road at Hider Lane, Laurel Springs, New Jersey 08012, for members of the
general public who request the same. The summary of the terms of such bond ordinance follows:
Title:
A.
BOND ORDINANCE AUTHORIZING THE COMPLETION
OF VARIOUS CAPITAL IMPROVEMENTS AND THE
ACQUISITION OF VARIOUS PIECES OF CAPITAL
EQUIPMENT IN AND FOR THE TOWNSHIP OF
GLOUCESTER, COUNTY OF CAMDEN, NEW JERSEY;
APPROPRIATING THE SUM OF $10,435,314, THEREFOR;
AUTHORIZING THE ISSUANCE OF GENERAL
OBLIGATION BONDS OR BOND ANTICIPATION NOTES
OF THE TOWNSHIP OF GLOUCESTER, COUNTY OF
CAMDEN, NEW JERSEY, IN THE AGGREGATE
PRINCIPAL AMOUNT OF UP TO $9,938,394; MAKING
CERTAIN DETERMINATIONS AND COVENANTS; AND
AUTHORIZING CERTAIN RELATED ACTIONS IN
CONNECTION WITH THE FOREGOING
Purpose/Improvement
Reconstruction and/or Repaving of Various
Sidewalks and Curbs in the Township, together with
the acquisition of all materials and equipment and
completion of all work necessary therefor or related
thereto.
Estimated
Total Cost
$316,500
Down
Payment
$15,071
Amount of
Obligations
$301,429
Period of
Usefulness
10 years
B.
Reconstruction and/or Repaving of Various Streets
in the Township, together with the acquisition of all
materials and equipment and completion of all work
necessary therefor or related thereto all as more
particularly set forth in the information on file with
2,842,086
135,337
2,706,749
10 years
the Township Administrator.
C.
Various Drainage Improvements throughout the
Township, together with the acquisition of all
materials and equipment and completion of all work
necessary therefor or related thereto.
284,534
13,550
270,984
15 years
D.
Improvements and Upgrades to Various Parks,
Playgrounds, and Recreation Facilities, together
with the acquisition of all materials and equipment
and completion of all work necessary therefor or
related thereto.
698,410
33,258
665,152
15 years
E.
Acquisition and Installation of Various Traffic Signs
and Signals, together with the acquisition of all
materials and equipment and completion of all work
necessary therefor or related thereto.
63,300
3,014
60,286
10 years
F.
Improvements and Upgrades to Various Township
Buildings, together with the acquisition of all
materials and equipment and completion of all work
necessary therefor or related thereto, all as more
particularly set forth in the information on file with
1,877,900
89,424
1,788,476
15 years
the Township Administrator.
G.
Acquisition of Medium Duty Vehicles for the Public
Works Department including, but not limited to,
Large Transportation Bus and Dump Truck,
together with the acquisition of all materials and
equipment and completion of all work necessary
therefor or related thereto.
611,900
29,138
582,762
10 years
H.
Purpose/Improvement
Estimated
Total Cost
Acquisition of Various Vehicles and Equipment for
the Public Works Department including, but not
limited to, Loader Attachment, Pick-Up Trucks with
Plows, Asphalt Pothole Patch Trailer, Welder, and
Backhoe Restoration Equipment, together with the
acquisition of all materials and equipment and
completion of all work necessary therefor or related
321,775
Down
Payment
15,323
Amount of
Obligations
306,452
Period of
Usefulness
5 years
thereto.
I.
Acquisition of Various Equipment for the Parks and
Recreation Department including, but not limited to,
Mowers, Fences, Dugout Roofs, and Tot Lot
Refurbishment Equipment, together with the
acquisition of all materials and equipment and
completion of all work necessary therefor or related
180,405
8,591
171,814
5 years
thereto.
J.
Acquisition of Information Technology Equipment
for Various Township Offices, together with the
acquisition of all materials and equipment and
completion of all work necessary therefor or related
thereto, all as more particularly set forth in the
245,288
11,680
233,608
7 years
Administrator.
K.
Information on file with the Township
Acquisition of Various Equipment for the Police
Department including, but not limited to,
Communications Equipment, Vehicles, and Tactical
Equipment, together with the acquisition of all
materials and equipment and completion of all work
necessary therefor or related thereto.
2,254,716
107,368
2,147,348
5 years
L.
Acquisition of Real Property in the Township
including the former PNC Bank Property (Church
Street), together with the acquisition of all materials
and equipment and completion of all work necessary
therefor or related thereto, all as more particularly
316,500
15,071
301,429
40 years
set forth in the information on file with the
Township Administrator.
Μ.
Various Improvements for Police Department
Facilities including, but not limited to, Training
Center Expansion, together with the acquisition of
all materials and equipment and completion of all
work necessary therefor or related thereto.
422,000
20,095
401,905
15 years
Appropriation:
$10,435,314
Bonds/Notes Authorized:
Grants (if any) Appropriated: $0
Section 20 Costs:
$9,938,394
$2,000,000
Useful Life:
11.09 years
NANCY POWER, Township Clerk
This Notice is published pursuant to N.J.S.A. 40A:2-17.

Protected Document Content

Start your free trial to view the raw municipal bid documents and web text.

Unlock Full Access

Detailed Risk Breakdown

local preference

No Flags Found

performance bond

No Flags Found

liquidated damages

No Flags Found

Quick Actions

Visit Bid Portal

Bond Ordinance O2608 Revised| Published:03/09/26 Document

Contacts

Nancy Power

Township Clerk

Explore More

Location

Timeline

First Discovered

Apr 1, 2026

Last Info Update

Apr 30, 2026

Start your 7-day free trial

Get instant notifications and full bid analysis. Existing users will be logged in automatically.

Start Free Trial