Ordinance #11-2026 Introduction
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 governing held on June 25, 2026, at the Margate City Hall. It will be further considered for final passage, after public hearing thereon, at a meeting of the governing body to be held on July 16, 2026, at 5:00 o’clock P.M. at the Margate City Hall. 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 Clerk’s office located in the Margate City Municipal Building, 9001 Winchester Avenue, Margate, New Jersey for the members of the general public who shall request the same. The summary of the terms of such Bond Ordinance follows:
itle: “BOND ORDINANCE APPROPRIATING SEVEN MILLION ONE HUNDRED SIXTY-NINE THOUSAND FIVE HUNDRED DOLLARS ($7,169,500) AND AUTHORIZING THE ISSUANCE OF SIX MILLION EIGHT HUNDRED ELEVEN THOUSAND TWENTY-FIVE DOLLARS ($6,811,025) IN BONDS AND NOTES OF THE CITY OF MARGATE CITY FOR VARIOUS CAPITAL IMPROVEMENTS OR PURPOSES AUTHORIZED TO BE UNDERTAKEN BY THE CITY OF MARGATE CITY, IN THE COUNTY OF ATLANTIC, NEW JERSEY”
Purposes: Construction of New Rec Building for Lucy; Purchase of Truck for City Public Works Department; Purchase of Vehicles, Equipment and Furniture for the City Police Department and Holding Cell Renovations; Purchase of Equipment for City Fire Department; Purchase of Lifeboat and Equipment for the City Beach Patrol; Purchase of Information Technology; Purchase of Carpet and Tiles for City Courtroom and Office; 2026 Municipal Roadway Program and City-Wide Dredging Project-Phase 1.
Appropriation: $7,169,500
Bonds/Notes Authorized: $6,811,025
Grants (if any) Appropriated: $0
Section 20 Costs: $270,500
Useful Life: 13.44 years
Johanna Casey, RMC, Municipal Clerk
This Notice is published pursuant to N.J.S.A. 40A:2-17.
Posted on Website: June 26, 2026