WHEREAS, the Director of Finance has attested to the availability of the funds in the Electric Capital Improvement Fund in an amount not to exceed $20,000.00 for this purpose; and

WHEREAS, the Borough Council has determined that the Borough should appropriate $20,000.00 from the Electric Capital Improvement Fund to purchase a new cable trailer; and

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 $20,000.00 is hereby appropriated from the Electric Capital Improvement Fund to purchase a new cable trailer.

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

April 23, 2007

________________________________

ELLWOOD R. KERKESLAGER, Mayor

Attest:

_________________________________

MARILYN SCHAEFER, Borough Clerk

Introduced and passed: April 9, 2007

Published, Madison Eagle: April 12, 2007

Hearing and final adoption: April 23, 2007

Published, Madison Eagle: April 26, 2007