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Monday, July 15, 2024

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Avalon OKs Bond Ordinances for Capital Improvements

Avalon OKs Bond Ordinances for Capital Improvements

By Vince Conti

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AVALON — The Borough Council has adopted a $1.9 million bond ordinance for 2024 capital improvements, of which $1.5 million was authorized for the issuance of bonds or notes.

The ordinance, adopted unanimously June 26, is consistent with Avalon’s policy of exceeding the state-required 5% down payment, with the ordinance showing that the down payment for this year’s capital improvements will be 20%, or $$379,000.

The council also adopted a $1.9 million bond ordinance for its water and sewer utility, with most of those funds, $1.5 million, aimed at the lead service line replacement project mandated by the state. That project requires testing for lead service lines and replacing any that are found.

The general fund capital improvements budget for 2024 includes $1 million for the roads program. Each year the roads from the list kept on file with the borough clerk see applicable reconstruction and resurfacing. These efforts will link with the capital plan of the water and sewer utility, which will allocate $366,000 to sanitary sewer system improvements in reconstructed roads.

Flood mitigation and drainage improvement projects will claim almost $900,000 of the general capital allocation, including bulkhead repair, bay dredging, outfall repairs and tide gauge implementation.

In addition to the lead service line project and contributions to road projects that involve sewer infrastructure, the water and sewer utility will target replacement of fire hydrants and pump station repairs.

No member of the public spoke for or against the ordinances during the two required public hearings.

Reporter

Vince Conti is a reporter for the Cape May County Herald.

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