WHEREAS, the Director of Finance has attested to the availability of the funds in the Water Capital Improvement Fund in an amount not to exceed $250,000.00 for this purpose; and

WHEREAS, the Borough Council has determined that the Borough should appropriate $250,000.00 from the Water Capital Improvement Fund to paint the Madison Avenue Water Tank.

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 $250,000.00 is hereby appropriated from the Water Capital Improvement Fund to paint the Madison Avenue Water Tank.

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

_______________________________

ELLWOOD R. KERKESLAGER, Mayor

Attest:

_______________________________

MARILYN SCHAEFER, Borough Clerk

Introduced and passed: October 12, 2005

Published, Madison Eagle: October 20, 2005

Hearing and consideration for final adoption: November 14, 2005

Upon adoption, published in Madison Eagle: November 17, 2005