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 $60,000.00 for this purpose; and

WHEREAS, the Borough Council has determined that the Borough should appropriate $60,000.00 from the Electric Capital Improvement Fund for the excavation and installation of an underground conduit for the new feeder circuit to the Reckson building at Giralda Farms; 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 $60,000.00 is hereby appropriated from the Electric Capital Improvement Fund for the excavation and installation of an underground conduit for the new feeder circuit to the Reckson building at Giralda Farms.

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

August 13, 2007

_______________________________

ELLWOOD R. KERKESLAGER, Mayor

Attest:

_________________________________

MARILYN SCHAEFER, Borough Clerk

Introduced and passed: July 23, 2007

Published, Madison Eagle: July 26, 2007

Hearing and final adoption: August 13, 2007

Published, Madison Eagle: August 16, 2007