WHEREAS, the Director of Finance has attested to the availability of the funds in the General Capital Improvement Fund in an amount not to exceed $24,802.44 for this purpose; and

WHEREAS, the Borough Council has determined that the Borough should appropriate $24,802.44 from the Electric Capital Improvement Fund for emergency repairs performed on three transformers at James Park Substation.

NOW, THEREFORE, BE IT ORDAINED by the Council of the Borough of Madison, in the County of Morris and State of New Jersey, as follows:

SECTION 1: The amount of $24,802.44 is hereby appropriated from the General Capital Improvement Fund for emergency repairs performed on three transformers at James Park Substation.

SECTION 2: The budget of the Borough is hereby amended to conform with the provisions of this Ordinance.

SECTION 3: This Ordinance shall take effect as provided by law.

 

ADOPTED AND APPROVED

October 12, 2005

_______________________________

ELLWOOD R. KERKESLAGER, Mayor

Attest:

_________________________________

MARILYN SCHAEFER, Borough Clerk

Introduced and passed: September 26, 2005

Published, Madison Eagle: September 29, 2005

Hearing and final adoption: October 12, 2005

Published, Madison Eagle: October 20, 2005