From tonight’s agenda:
809-2019 BOND ORDINANCE TO AUTHORIZE THE ACQUISITION OF REAL PROPERTY IN THE TOWNSHIP OF CRANFORD FOR OPEN SPACE CONSERVATION AND RECREATIONAL PURPOSES IN, BY AND FOR THE COUNTY OF UNION, STATE OF NEW JERSEY, TO APPROPRIATE THE SUM OF $530,000 TO PAY THE COST THEREOF, TO MAKE A DOWN PAYMENT, TO AUTHORIZE THE ISSUANCE OF BONDS TO FINANCE SUCH APPROPRIATION AND TO PROVIDE FOR THE ISSUANCE OF BOND ANTICIPATION NOTES IN ANTICIPATION OF THE ISSUANCE OF SUCH BONDS.
Even though Open Space taxes bring in about $10 million annually, most of that money is appropriated for the county’s own budget leaving the need to borrow. But the ordinance is not up so we do not know which Cranford property the county is looking to buy.
What do you think?
