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Resolution Providing for the Combination of Certain Issues of General Improvement Bonds of Princeton, in the County of Mercer, New Jersey, into a Single Issue of Bonds Aggregating $26,600,000 in Principal Amount
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BE IT RESOLVED BY THE COUNCIL OF PRINCETON, IN THE COUNTY OF MERCER, NEW JERSEY (not less than twothirds of all members thereof affirmatively concurring), AS FOLLOWS:
Section 1. Pursuant to the provisions of N.J.S.A. 40A:226(f), the bonds of Princeton, in the County of Mercer, New Jersey ("Princeton"), authorized pursuant to the bond ordinances of Princeton heretofore adopted and described in Section 2 hereof shall be combined into a single and combined issue of general improvement bonds in the aggregate principal amount of $26,600,000 (the "Bonds").
Section 2. The principal amount of Bonds authorized by each bond ordinance to be combined into a single issue as above provided, the bond ordinances authorizing the Bonds described by reference to number, improvement description and date of adoption, and the period or average period of usefulness determined in each of the bond ordinances are respectively as follows:
Bond Ordinance Number
Principal
Amount
of Bonds
Description of Improvement and
Date of Adoption of Ordinance
Useful Life
18-07
$900,000
Various capital improvements, finally adopted April 9, 2018.
16.77 years
19-21
$160,000
Various capital improvements, finally adopted May 6, 2019.
13.13 years
21-21
$1,535,000
Various capital improvements, finally adopted July 12, 2021.
11 years
22-19
$925,000
Various capital improvements, finally adopted, June 27, 2022.
10.79 years
23-20
$1,400,000
Various open space improvements, finally adopted June 12, 2023.
34.95 years
23-21
$1,750,000
Various capital improvements, finally adopted June 12, 2023.
10.07 years
24-14
$6,000,000
Various capital improvements, finally adopted April 8, 2024.
10.65 years
24-16
$500,000
Various capital improvements...
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