ORDINANCE OF THE BOROUGH OF MADISON APPROPRIATING $26,000.00 FROM THE GENERAL CAPITAL IMPROVEMENT FUND FOR ENVIRONMENTAL PHASE 2 INVESTIGATION OF BOROUGH PROPERTY LOCATED AT BLOCK 4312, LOTS 14, 15 AND 16 COMMONLY KNOWN AS 22 ORCHARD STREET

WHEREAS, the Borough Engineer has recommended that the Borough appropriate $26,000.00 from the General Capital Improvement Fund for a Phase 2 Environmental Investigation of Property located at Block 4312, Lots 14, 15 and 16 commonly known as 22 Orchard Street; and

WHEREAS, the Borough has previously had a Phase 1 Environmental Investigation performed on said property; and

WHEREAS, Ordinance 20-2004 appropriated $36,000.00 for both a Phase 1 Investigation and a Phase 2 Investigation; and

WHEREAS, the Borough Engineer has advised the Borough Council that there are insufficient funds remaining to conduct the Phase 2 Environmental Investigation.

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

SECTION 1: The amount of $26,000.00 is hereby appropriated from the General Capital Improvement Fund for Environmental Phase 2 Investigation of property owned by the Borough located at Block 4312, Lots 14, 15 and 16, commonly known as 22 Orchard Street.

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

February 13, 2006

________________________________

ELLWOOD R. KERKESLAGER, Mayor

Attest:

_________________________________

MARILYN SCHAEFER, Borough Clerk

Introduced and passed: January 23, 2006

Published, Madison Eagle: January 26, 2006

Hearing, final adoption: February 13, 2006

Published, Madison Eagle: February 16, 2006