Northvale's governing body, comprised of the council and mayor, has approved an ordinance that will authorize $100,000 in bonds to replace aging equipment used by the Department of Public Works.
The department will be authorized to buy a leaf vacuum impeller, two heavy-duty mowers, and any additional equipment that will need to be replaced in the near future. The resolution passed December 8, although it was first introduced at a meeting back on November 10.
Fran Weston, secretary of the Department of Public Works, said the equipment that has just been authorized will replace an impeller that is now 10 years old, and two mowers that are more than 25 years old. There are a total of four mowers belonging to the department, Weston said.
The city's governing body will put down $5,000 as a down payment on the equipment, according to Wanda Worner, the borough clerk. Money for the down payment will be drawn from the Capital Improvement Fund.
The additional $95,000 will come from necessary bonds and authorized debt, or notes to be sold at some time in the future. The notes are also considered authorized debts.
Since the bonds could be of concern to residents, city officials might consider working with brochure printers to create a short booklet that explains the need for the replacement equipment, and the impact on the city's finances.
