[ad_1]
LAKE COMO — The mayor and council introduced a bond ordinance for various road improvements and passed a corresponding resolution amending the capital budget at their meeting on Tuesday night.
“This is associated with the four projects for improvements on 17th Avenue and Margerum Avenue,” said Councilman Christopher D’Antuono, who offered both items on the night’s agenda.
According to the councilman, the bond ordinance appropriates $1,055,000, including a grant expected from the New Jersey Department of Transportation in the amount of $767,600 as well as the issuance of $272,400 bonds or notes of the borough to provide various road improvements.
ADVERTISEMENT
The bonds and notes provided from the borough are expected to cover engineering expenses that are not included in the grants that have already been received, according to Mayor Kevin Higgins.
For more on this story, read the next edition of The Coast Star—on newsstands Thursday or online in our e-Edition.
Check out our other Lake Como stories, updated daily. And remember to pick up a copy of The Coast Star—on newsstands Thursday or online in our e-Edition.
ADVERTISEMENT
Subscribe today! If you’re not already an annual subscriber to The Coast Star, get your subscription today! For just $38 per year, you will receive local mail delivery weekly, with pages and pages of local news and online access to our e-edition on Starnewsgroup.com.
[ad_2]
Source_link
