ORDINANCE 2013-16
BOND ORDINANCE PROVIDING FOR THE INSTALLATION OF A STORM DRAIN LINE FOR SILVER LAKE IN AND BY THE BOROUGH OF BELMAR, IN THE COUNTY OF MONMOUTH, NEW JERSEY, APPROPRIATING $1,860,000 THEREFOR AND AUTHORIZING THE ISSUANCE OF $1,767,000 BONDS OR NOTES OF THE BOROUGH TO FINANCE PART OF THE COST THEREOF.
One question though: Why $1.8 million? The job was estimated at $1.1 million.
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