Resolution 09-33

            WHEREAS, the Borough Council of the Borough of Merchantville, County of Camden, desires to constitute the 2009 Temporary Capital budget of said municipality by inserting therein

            Financing a Redevelopment Project

                        Estimated Total Cost                                           $1,200,000

                        Amount of Obligations                                          1,200,000

                        Period of Usefullness                                              40 Years   

            NOW, THEREFORE, BE IT RESOLVED that the Borough Council of the Borough of Merchantville, County of Camden as follows:

            Section 1.          2009 Temporary Capital Budget of the Borough of Merchantville, County of Camden is hereby constituted by the adoption of a schedule to read as follows:

            Financing a Redevelopment Project

                        Estimated Total Cost                                           $1,200,000

                        Amount of Obligations                                          1,200,000

                        Period of Usefullness                                              40 Years   

            Section 2.          The Clerk be and is authorized and directed to file a certified copy of this resolution with the Division of Local Government Services, Department of Community Affairs, State of New Jersey, within three days after the adoption of these projects for 2009 Temporary Capital Budget, to be included in the 2009 Permanent Capital Budget as adopted.

February 9, 2009