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Town Council approved resolution to help school district with $1.5 million financing for improvements to high school athletic facility / Town agrees to pay for concession stand costing more than $350,000 PDF Print E-mail
Written by Joe Krakoviak   
Monday, 14 September 2009 14:14

[Corrected Sept. 29, 2009: I’ve modified this post to correct inaccurate information that originally stated that the shared-services agreement mistakenly made the town responsible for paying for the concession facility. This inaccuracy was due to a misunderstanding by the town’s chief financial officer. The town has agreed to pay for the concession facility. The posting also adds clarification that the concession facility is not included in the $1.5 million financing.]

 

The Town Council approved at its meeting Aug. 11, 2009, a request from the school district to help finance $1.5 million of improvements to the high school athletic facilities. The town would initially fund the request, but the school district would make the actual payments. The request comes in the form of a resolution for a shared services agreement between the town and school district to share use of the improvements. 
 

The resolution lists the improvements related to the financing request as bleachers, press box, storage area and other related work at the high school. I filed a state Open Public Records Act request with the school district asking for support for this request. The one document I’ve received so far, dated Oct. 8, 2008, lists a number of athletic facility improvements with a total cost estimated at $7.4 million to $9.1 million, plus undetermined costs. These include the above-mentioned improvements plus an athletic facility estimated to cost between $5.1 million and $6.2 million.

Last Updated on Tuesday, 29 September 2009 22:16
Read more: Town Council approved resolution to help school district with $1.5 million financing for improvements to high school athletic facility / Town agrees to pay for concession stand costing more than $350,000
 
Poll results - Latest added Oct. 4 PDF Print E-mail
Written by Administrator   
Sunday, 09 August 2009 21:05
The results of previous polls are shown below beginning with the most recent. (The polls are not scientifically valid.)
 
Were the mayor/council correct to withdraw the proposed recourse/guaranteed redevelopment bonds? (Deadline extended to midnight Oct. 4, vote only once)
Yes
10  83.3%  
No
2  16.7%  
Not sure
0  0%  

Number of Voters  :  12
First Vote  :  Tuesday, 15 September 2009 17:58
Last Vote  :  Saturday, 03 October 2009 08:49

Were the mayor/council correct to withdraw the proposed recourse/guaranteed redevelopment bonds? (Deadline extended to midnight Oct. 4, vote only once)
Yes
10  83.3%  
No
2  16.7%  
Not sure
0  0%  

What do you think about the mayor's YouTube video? (Taken Aug. 31-Sept. 13, 2009)
It's nice, but didn't change my mind
87.5%  
It confused more than clarified, but didn't change my mind
12.5%  
It clarified more than confused, but didn't change my mind
0%  
It's changed my mind from against the financing plan to favoring it
0%  
It's changed my mind from favoring the financing plan to against it
0%  

Number of Voters  :  8
First Vote  :  Tuesday, 01 September 2009 14:39
Last Vote  :  Tuesday, 08 September 2009 22:11
Last Updated on Monday, 05 October 2009 00:28
Read more: Poll results - Latest added Oct. 4
 
Council president: New Redevelopment financing unlikely to have town guarantee PDF Print E-mail
Written by Joe Krakoviak   
Friday, 04 September 2009 13:36

West Orange Town Council President Susan McCartney said today that while the proposed financing plan for Main Street Redevelopment is now dead, the town administration and redeveloper are looking to develop a plan that would include town-issued municipal bonds that were not guaranteed by the town.

 

She said that the fourth proposed financing plan, which included $28.9 million of bonds guaranteed by the town, was pulled from the Town Council’s Sept. 15 meeting agenda because the Council was “still hesitant” to approve the agreement. The plan required a 4-0 approval from the Council, with Councilman Renard Barnes having recused himself. “There was no sense in going forward,” she said.

Last Updated on Friday, 04 September 2009 13:42
Read more: Council president: New Redevelopment financing unlikely to have town guarantee
 
Challenges in getting the pending bond ordinance for $28.9 million from the town PDF Print E-mail
Written by Joe Krakoviak   
Tuesday, 18 August 2009 10:24

[Promoted because of update posted Sept. 7, 2009: The town decided to revise its OPRA policy again subsequent to the original posting of this article Aug. 18, 2009. The town will provide an electronic response to OPRA requests if so requested. These electronic versions will likely be in Adobe Acrobat format, rather than formats that allow easier change to data such as Microsoft Word or Excel. The town will still place its usual service charge, which is based on the number of pages provided. This charge will apply even if no actual photocopying takes place, because the charge helps to defray the expense of responding to OPRA requests. The clerk’s office won’t send electronic responses until any associated charges are first paid. This change was conveyed Aug. 19, 2009, but because of a follow-up clarification, vacation and other matters, I was quite tardy in posting this news. Apologies for the delay and thanks for Councilmen Rob Parisi and Sal Anderton, as well as Town Clerk Karen Carnevale, and others who helped reach a position better for the environment, more economical for the town and more convenient for OPRA requesters.]

I thought some residents would like to see the proposed ordinance authorizing the issuance of $28.9 million in general obligation bonds by the town to help build Phase 1 of the Main Street Redevelopment project. Bond Ordinance and LFB Resolution Aug 11 2009 (Caution: 3.2 megabytes may be slow to fully load)

 

I figured since the Town Council voted to approve it on first reading August 11 – and planned to vote on second and final reading September 15 -- that shouldn’t be a problem. This ordinance is the subject of a great deal of resident concern because for the first time it guarantees repayment of the bonds if the redeveloper and buyers of the 322 condominiums in Phase 1 are unable or unwilling to make debt service payments. It’s understandable that residents would like to know what the ordinance says, right? Well, it turns out that getting it from the town is actually not as easy as you may think.

Last Updated on Monday, 07 September 2009 15:47
Read more: Challenges in getting the pending bond ordinance for $28.9 million from the town
 
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