fh meeting minutes - 2014-05-28

BOARD OF CHOSEN FREEHOLDERS – MAY 28 2014

A regular meeting of The Board of Chosen Freeholders of the County of Morris, State of New Jersey, was held on May 28, 2014, in the Chester Township Municipal Building, One Parker Road, Chester, New Jersey. The meeting began at 7:13 p.m.

Clerk of the Board Diane M. Ketchum announced that adequate notice of this regular meeting held the 28th day of May, 2014 has been provided through resolution adopted by this Board at its regular meeting held at the Administration and Records Building on March 26, 2014 and by electronic mailing to the Star Ledger, the Daily Record and the Record, through posting on the County website and by filing a copy of same with the Morris County Clerk and the Clerk of this Board.

ROLL CALL

PRESENT: Freeholders Douglas Cabana, John Cesaro, Kathy DeFillippo, Hank Lyon, John Krickus, David Scapicchio and Director Thomas Mastrangelo (7)

ALSO PRESENT: County Administrator John Bonanni, Assistant County Administrator Mary Jo Buchanan, County CounselDan O’Mullan, Assistant County Counsel Randy Bush andClerk of the Board Diane M. Ketchum

PRAYER AND FLAG SALUTE

County Counsel Dan O’Mullan opened the meeting with a prayer and a salute to the flag.

--

RESOLUTION OF APPRECIATION

Township of Chester Mayor and Council

--

MINUTES FOR APPROVAL

April 23 and May 14, 2014 Executive Session Meeting Minutes

On motion by Freeholder DeFillippo and seconded by Freeholder Lyon the minutes were approved.

--

COMMUNICATIONS

1. The Florham Park July 4th Celebration is asking permission to close off a portion of Ridgedale Avenue on Friday, July 4 between the hours of 8:30 a.m. to 12 noon for the Florham Park Fourth of July Parade.

2. The Township of Mendham is asking permission on behalf of the Brookside Engine Co., #1, to hang a banner across Route 510 from August 18th through September 6th to advertise the Annual Clam Bake.

3. The Chester Volunteer Fire Company requests permission to hang a banner across Route 24 (CR 513) in Chester Borough from June 8th through June 29th to advertise the dates of the annual carnival.

Request from the Road Inspection Supervisor for the following road opening permit:

4. 14-05 – Underground Utilities Corp to open Boulevard to Newark-Pompton Turnpike in the Township of Pequannock for sewer main installation.

On motion by Freeholder Lyon and seconded by Freeholder Scapicchio, the requests and permit were approved.

--

309


ORDINANCES

SECOND READING/ADOPTION(1)

Director Mastrangelo stated: “We will now consider for final adoption the ordinance entitled ‘CAPITAL SURPLUS ORDINANCE APPROPRIATING $116,000 FOR THE PURCHASE OF SPECIALIZED VEHICLES FOR THE MORRIS COUNTY SHERIFF’S OFFICE.’”

Clerk Ketchum read the following ordinance:

BE IT ORDAINED BY THE BOARD OF CHOSEN FREEHOLDERS OF THE COUNTY OF MORRIS, NEW JERSEY AS FOLLOWS:

Section 1. The purposes described in Section 2 of this Capital Surplus Ordinance are hereby authorized to be made by the County of Morris, New Jersey. There is hereby appropriated from the Capital Surplus Fund the sum of $116,000 for the hereinafter designated purposes.

Section 2. The purposes authorized herein are for the purchase of specialized vehicles for the Sheriff’s Office for the Criminal Investigations Unit for the County of Morris.

Section 3. It is the opinion of this Board of Chosen Freeholders that the appropriation from the Capital Surplus Fund and the use of the appropriation for said purposes are in the best interest of the County of Morris.

Section 4. This Capital Surplus Ordinance shall take effect upon final passage in publication in accordance with the law.

Director Mastrangelo stated: “The Public Hearing is now open.” There were no public comments, and the Director declared the Public Hearing closed.

Freeholder Cesaro moved that the ordinance under consideration be adopted on the second and final reading. Freeholder Scapicchio seconded the motion.

The Clerk called and recorded the following vote:

YES: Freeholders Cabana, Cesaro, DeFillippo, Krickus, Lyon, Scapicchio and Director Mastrangelo (7)

Freeholder Cesaro moved that the Clerk be authorized to publish the Ordinance in summary form and notification of its passage in the local newspaper in accordance with the law. Freeholder Scapicchio seconded the motion, which passed with seven YES votes.

--(2)

Director Mastrangelo stated: “We will now consider for final adoption the ordinance entitled ‘CAPITAL IMPROVEMENT FUND ORDINANCE APPROPRIATING $142,000 FOR THE PURCHASE OF SPECIALIZED SUVS FOR THE MORRIS COUNTY SHERIFF’S OFFICE.’”


BE IT ORDAINED BY THE BOARD OF CHOSEN FREEHOLDERS OF THE COUNTY OF MORRIS, NEW JERSEY AS FOLLOWS:

Section 1. The purposes described in Section 2 of this Capital Improvement Fund Ordinance are hereby authorized to be made by the County of Morris, New Jersey. There is hereby appropriated from the Capital Improvement Fund the sum of $142,000 for the hereinafter designated purposes.

Section 2. The purposes authorized herein are for the purchase of specialized SUVs for the K-9/Emergency Services unit in the Morris County Sheriff’s Office.

Section 3. It is the opinion of this Board of Chosen Freeholders that the appropriation from the Capital Improvement Fund and the use of the appropriation for said purposes are in the best interest of the County of Morris.

Section 4. This Capital Improvement Fund Ordinance shall take effect upon final passage in publication in accordance with the law.

310







--(3)

Director Mastrangelo stated: “We will now consider for final adoption the ordinance entitled ‘BOND ORDINANCE PROVIDING FOR THE ACQUISITION AND UPGRADES OF SECURITY CAMERA EQUIPMENT FOR THE MORRIS COUNTY SHERIFF’S OFFICE ADMINISTRATION DIVISION IN AND BY THE COUNTY OF MORRIS, NEW JERSEY, APPROPRIATING $121,000 THEREFOR AND AUTHORIZING THE ISSUANCE OF $115,000 BONDS OR NOTES OF THE COUNTY TO FINANCE PART OF THE COST THEREOF.’”


BE IT ORDAINED BY THE BOARD OF CHOSEN FREEHOLDERS OF THE COUNTY OF MORRIS, NEW JERSEY (not less than two-thirds of all members thereof affirmatively concurring) AS FOLLOWS:

Section 1. The improvement described in Section 3(a) of this bond ordinance is hereby authorized to be undertaken by the County of Morris, New Jersey (the "County") as a general improvement. For the improvement or purpose described in Section 3(a), there is hereby appropriated the sum of $121,000, including the sum of $6,000 as the down payment required by the Local Bond Law. The down payment is now available by virtue of provision for down payment or for capital improvement purposes in one or more previously adopted budgets.

Section 2. In order to finance the cost of the improvement or purpose not covered by application of the down payment, negotiable bonds are hereby authorized to be issued in the principal amount of $115,000 pursuant to the Local Bond Law. In anticipation of the issuance of the bonds, negotiable bond anticipation notes are hereby authorized to be issued pursuant to and within the limitations prescribed by the Local Bond Law.

Section 3. (a) The improvement hereby authorized and the purpose for the financing of which the bonds are to be issued is the acquisition and upgrades of security camera equipment for the Morris County Sheriff’s Office Administration Division, including the A&R Building, courthouse/courtrooms, Schuyler Building, Public Safety Training Academy, K9 Building, Health Management Building, County Clerk’s Office, voting machine storage area, Technology Center, Congressman Frelinghuysen’s Office and Human Services/Office of Temporary Assistance Building, including all related costs and expenditures incidental thereto.

(b) The estimated maximum amount of bonds or bond anticipation notes to be issued for the improvement or purpose is as stated in Section 2 hereof.

(c) The estimated cost of the improvement or purpose is equal to the amount of the appropriation herein made therefor.

Section 4. All bond anticipation notes issued hereunder shall mature at such times as may be determined by the County Director of Finance; provided that no bond anticipation note shall mature later than one year from its date. The bond anticipation notes shall bear interest at such rate or rates and be in such form as may be determined by the County Director of Finance. The County Director of Finance shall determine all matters in connection with bond anticipation notes issued pursuant to this bond ordinance, and the County Director of Finance's signature upon the bond anticipation notes shall be conclusive evidence as to all such determinations. All bond anticipation notes issued hereunder may be renewed from time to time subject to the provisions of the Local Bond Law. The County Director of Finance is hereby

311


authorized to sell part or all of the bond anticipation notes from time to time at public or private sale and to deliver them to the purchasers thereof upon receipt of payment of the purchase price plus accrued interest from their dates to the date of delivery thereof. The County Director of Finance is directed to report in writing to the governing body at the meeting next succeeding the date when any sale or delivery of the bond anticipation notes pursuant to this bond ordinance is made. Such report must include the amount, the description, the interest rate and the maturity schedule of the bond anticipation notes sold, the price obtained and the name of the purchaser.

Section 5. The County hereby certifies that it has adopted a capital budget or a temporary capital budget, as applicable. The capital or temporary capital budget of the County is hereby amended to conform with the provisions of this bond ordinance to the extent of any inconsistency herewith. To the extent that the purposes authorized herein are inconsistent with the adopted capital or temporary capital budget, a revised capital or temporary capital budget has been filed with the Division of Local Government Services.

Section 6. The following additional matters are hereby determined, declared, recited and stated:

(a) The improvement or purpose described in Section 3(a) of this bond ordinance is not a current expense. It is an improvement or purpose that the County may lawfully undertake as a general improvement, and no part of the cost thereof has been or shall be specially assessed on property specially benefited thereby.

(b) The period of usefulness of the improvement or purpose within the limitations of the Local Bond Law, according to the reasonable life thereof computed from the date of the bonds authorized by this bond ordinance, is 10 years.

(c) The Supplemental Debt Statement required by the Local Bond Law has been duly prepared and filed in the office of the Clerk of the Board of Chosen Freeholders, and a complete executed duplicate thereof has been filed in the office of the Director of the Division of Local Government Services in the Department of Community Affairs of the State of New Jersey. Such statement shows that the gross debt of the County as defined in the Local Bond Law is increased by the authorization of the bonds and notes provided in this bond ordinance by $115,000, and the obligations authorized herein will be within all debt limitations prescribed by the Local Bond Law.

(d) An aggregate amount not exceeding $1,000 for items of expense listed in and permitted under N.J.S.A. 40A:2-20 is included in the estimated cost indicated herein for the purpose or improvement.

Section 7. The County hereby declares the intent of the County to issue bonds or bond anticipation notes in the amount authorized in Section 2 of this bond ordinance and to use the proceeds to pay or reimburse expenditures for the costs of the purposes described in Section 3(a) of this bond ordinance. This Section 7 is a declaration of intent within the meaning and for purposes of Treasury Regulations.

Section 8. Any grant moneys received for the purpose described in Section 3(a) hereof shall be applied either to direct payment of the cost of the improvement or to payment of the obligations issued pursuant to this bond ordinance. The amount of obligations authorized but not issued hereunder shall be reduced to the extent that such funds are so used.

Section 9. The County Director of Finance is hereby authorized to prepare and to update from time to time as necessary a financial disclosure document to be distributed in connection with the sale of obligations of the County and to execute such disclosure document on behalf of the County. The County Director of Finance is further authorized to enter into the appropriate undertaking to provide secondary market disclosure on behalf of the County pursuant to Rule 15c2-12 of the Securities and Exchange Commission (the ARule@) for the benefit of holders and beneficial owners of obligations of the County and to amend such undertaking from time to time in connection with any change in law, or interpretation thereof, provided such undertaking is and continues to be, in the opinion of a nationally recognized bond counsel, consistent with the requirements of the Rule. In the event that the County fails to comply with its undertaking, the County shall not be liable for any monetary damages, and the remedy shall be limited to specific performance of the undertaking.

312


Section 10. The full faith and credit of the County are hereby pledged to the punctual payment of the principal of and the interest on the obligations authorized by this bond ordinance. The obligations shall be direct, unlimited obligations of the County, and the County shall be obligated to levy ad valorem taxes upon all the taxable real property within the County for the payment of the obligations and the interest thereon without limitation of rate or amount.

Section 11. This bond ordinance shall take effect 20 days after the first publication thereof after final adoption, as provided by the Local Bond Law.






--(4)

Director Mastrangelo stated: “We will now consider for final adoption the ordinance entitled ‘BOND ORDINANCE PROVIDING FOR THE REPLACEMENT OF AND UPGRADES TO VARIOUS BRIDGES IN AND BY THE COUNTY OF MORRIS, NEW JERSEY, APPROPRIATING $1,665,000 THEREFOR AND AUTHORIZING THE ISSUANCE OF $1,585,000 BONDS OR NOTES OF THE COUNTY TO FINANCE PART OF THE COST THEREOF.’”



Section 1. The improvement described in Section 3(a) of this bond ordinance is hereby authorized to be undertaken by the County of Morris, New Jersey (the "County") as a general improvement. For the improvement or purpose described in Section 3(a), there is hereby appropriated the sum of $1,665,000, including the sum of $80,000 as the down payment required by the Local Bond Law. The down payment is now available by virtue of provision for down payment or for capital improvement purposes in one or more previously adopted budgets.

Section 2. In order to finance the cost of the improvement or purpose not covered by application of the down payment, negotiable bonds are hereby authorized to be issued in the principal amount of $1,585,000 pursuant to the Local Bond Law. In anticipation of the issuance of the bonds, negotiable bond anticipation notes are hereby authorized to be issued pursuant to and within the limitations prescribed by the Local Bond Law.

Section 3. (a) The improvement hereby authorized and the purpose for the financing of which the bonds are to be issued is the replacement of and upgrades to various bridges located throughout the County, including the design and construction thereof, under the supervision of the Department of Public Works for the County, as more fully described on a list on file in the Office of the Clerk of the Board of Chosen Freeholders of the County, which list is hereby incorporated by reference as if set forth at length herein, and including all work and materials necessary therefor and incidental thereto.



313


Section 4. All bond anticipation notes issued hereunder shall mature at such times as may be determined by the County Director of Finance; provided that no bond anticipation note shall mature later than one year from its date. The bond anticipation notes shall bear interest at such rate or rates and be in such form as may be determined by the County Director of Finance. The County Director of Finance shall determine all matters in connection with bond anticipation notes issued pursuant to this bond ordinance, and the County Director of Finance's signature upon the bond anticipation notes shall be conclusive evidence as to all such determinations. All bond anticipation notes issued hereunder may be renewed from time to time subject to the provisions of the Local Bond Law. The County Director of Finance is hereby authorized to sell part or all of the bond anticipation notes from time to time at public or private sale and to deliver them to the purchasers thereof upon receipt of payment of the purchase price plus accrued interest from their dates to the date of delivery thereof. The County Director of Finance is directed to report in writing to the governing body at the meeting next succeeding the date when any sale or delivery of the bond anticipation notes pursuant to this bond ordinance is made. Such report must include the amount, the description, the interest rate and the maturity schedule of the bond anticipation notes sold, the price obtained and the name of the purchaser.





(c) The Supplemental Debt Statement required by the Local Bond Law has been duly prepared and filed in the office of the Clerk of the Board of Chosen Freeholders, and a complete executed duplicate thereof has been filed in the office of the Director of the Division of Local Government Services in the Department of Community Affairs of the State of New Jersey. Such statement shows that the gross debt of the County as defined in the Local Bond Law is increased by the authorization of the bonds and notes provided in this bond ordinance by $1,585,000, and the obligations authorized herein will be within all debt limitations prescribed by the Local Bond Law.




Section 9. The County Director of Finance is hereby authorized to prepare and to update from time to time as necessary a financial disclosure document to be distributed in connection with the sale of obligations of the County and to execute such disclosure document on behalf of the County. The County Director of Finance is further authorized to enter into the appropriate

314


undertaking to provide secondary market disclosure on behalf of the County pursuant to Rule 15c2-12 of the Securities and Exchange Commission (the ARule@) for the benefit of holders and beneficial owners of obligations of the County and to amend such undertaking from time to time in connection with any change in law, or interpretation thereof, provided such undertaking is and continues to be, in the opinion of a nationally recognized bond counsel, consistent with the requirements of the Rule. In the event that the County fails to comply with its undertaking, the County shall not be liable for any monetary damages, and the remedy shall be limited to specific performance of the undertaking.








--(5)

Director Mastrangelo stated: “We will now consider for final adoption the ordinance entitled ‘BOND ORDINANCE PROVIDING FOR THE REPLACEMENT OF AND UPGRADES TO CULVERTS AND DRAINAGE FACILITIES IN AND BY THE COUNTY OF MORRIS, NEW JERSEY, APPROPRIATING $400,000 THEREFOR AND AUTHORIZING THE ISSUANCE OF $380,000 BONDS OR NOTES OF THE COUNTY TO FINANCE PART OF THE COST THEREOF.’”



Section 1. The improvement described in Section 3(a) of this bond ordinance is hereby authorized to be undertaken by the County of Morris, New Jersey (the "County") as a general improvement. For the improvement or purpose described in Section 3(a), there is hereby appropriated the sum of $400,000, including the sum of $20,000 as the down payment required by the Local Bond Law. The down payment is now available by virtue of provision for down payment or for capital improvement purposes in one or more previously adopted budgets.

Section 2. In order to finance the cost of the improvement or purpose not covered by application of the down payment, negotiable bonds are hereby authorized to be issued in the principal amount of $380,000 pursuant to the Local Bond Law. In anticipation of the issuance of the bonds, negotiable bond anticipation notes are hereby authorized to be issued pursuant to and within the limitations prescribed by the Local Bond Law.

Section 3. (a) The improvement hereby authorized and the purpose for the financing of which the bonds are to be issued is the replacement of and upgrades to culverts and drainage facilities under the purview of the Department of Planning and Public Works for the County, including all work and materials necessary therefor and incidental thereto.

315









(c) The Supplemental Debt Statement required by the Local Bond Law has been duly prepared and filed in the office of the Clerk of the Board of Chosen Freeholders, and a complete executed duplicate thereof has been filed in the office of the Director of the Division of Local Government Services in the Department of Community Affairs of the State of New Jersey. Such statement shows that the gross debt of the County as defined in the Local Bond Law is increased by the authorization of the bonds and notes provided in this bond ordinance by $380,000, and the obligations authorized herein will be within all debt limitations prescribed by the Local Bond Law.



Section 8. Any grant moneys received for the purpose described in Section 3(a) hereof shall be applied either to direct payment of the cost of the improvement or to payment of the obligations issued pursuant to this bond

316


ordinance. The amount of obligations authorized but not issued hereunder shall be reduced to the extent that such funds are so used.









--(6)

Director Mastrangelo stated: “We will now consider for final adoption the ordinance entitled ‘BOND ORDINANCE PROVIDING FOR VARIOUS SECURITY IMPROVEMENTS FOR THE COUNTY COURTS IN AND BY THE COUNTY OF MORRIS, NEW JERSEY, APPROPRIATING $1,195,000 THEREFOR AND AUTHORIZING THE ISSUANCE OF $1,138,000 BONDS OR NOTES OF THE COUNTY TO FINANCE PART OF THE COST THEREOF.’”




Section 2. In order to finance the cost of the improvement or purpose not covered by application of the down payment, negotiable bonds are hereby authorized to be issued in the principal amount of $1,138,000 pursuant to the Local Bond Law. In anticipation of the issuance of the bonds, negotiable bond

317


anticipation notes are hereby authorized to be issued pursuant to and within the limitations prescribed by the Local Bond Law.

Section 3. (a) The improvement hereby authorized and the purpose for the financing of which the bonds are to be issued is various security improvements for the protection of the County Courts in the County's Administration and Records Building and the Courthouse, including, but not limited to, screening, equipment, construction of parking garage safety enhancements and panic security systems, including all work and materials necessary therefor and incidental thereto, and further including all related costs and expenditures necessary therefor and incidental thereto.








(c) The Supplemental Debt Statement required by the Local Bond Law has been duly prepared and filed in the office of the Clerk of the Board of Chosen Freeholders, and a complete executed duplicate thereof has been filed in the office of the Director of the Division of Local Government Services in the Department of Community Affairs of the State of New Jersey. Such statement shows that the gross debt of the County as defined in the Local Bond Law is increased by the authorization of the bonds and notes provided in this bond ordinance by $1,138,000, and the obligations authorized herein will be within all debt limitations prescribed by the Local Bond Law.


318










YES: Freeholders Cesaro, DeFillippo, Krickus, Scapicchio and Director Mastrangelo (5)

NO: Freeholders Cabana and Lyon (2)

Freeholder Cesaro moved that the Clerk be authorized to publish the Ordinance in summary form and notification of its passage in the local newspaper in accordance with the law. Freeholder Scapicchio seconded the motion, which passed with five YES votes.

--(7)

Director Mastrangelo stated: “We will now consider for final adoption the ordinance entitled ‘BOND ORDINANCE PROVIDING FOR PAVING AND RESURFACING PROJECTS FOR VARIOUS ROADWAYS THROUGHOUT THE COUNTY IN AND BY THE COUNTY OF MORRIS, NEW JERSEY, APPROPRIATING $2,600,000 THEREFOR AND AUTHORIZING THE ISSUANCE OF $2,450,000 BONDS OR NOTES OF THE COUNTY TO FINANCE PART OF THE COST THEREOF.’”



319



Section 2. In order to finance the cost of the improvement or purpose not covered by application of the down payment, negotiable bonds are hereby authorized to be issued in the principal amount of $2,450,000 pursuant to the Local Bond Law. In anticipation of the issuance of the bonds, negotiable bond anticipation notes are hereby authorized to be issued pursuant to and within the limitations prescribed by the Local Bond Law.

Section 3. (a) The improvement hereby authorized and the purpose for the financing of which the bonds are to be issued is paving and resurfacing projects for various roadways throughout the County, as more fully described on a list on file in the Office of the Clerk of the Board of Chosen Freeholders of the County, which list is hereby incorporated by reference as if set forth at length, including all work and materials necessary therefor and incidental thereto.








(c) The Supplemental Debt Statement required by the Local Bond Law has been duly prepared and filed in the office of the Clerk of the Board of Chosen

320


Freeholders, and a complete executed duplicate thereof has been filed in the office of the Director of the Division of Local Government Services in the Department of Community Affairs of the State of New Jersey. Such statement shows that the gross debt of the County as defined in the Local Bond Law is increased by the authorization of the bonds and notes provided in this bond ordinance by $2,450,000, and the obligations authorized herein will be within all debt limitations prescribed by the Local Bond Law.












--PUBLIC PORTION

Ken Dolsky, resident of Parsippany, said he was very pleased to see

321


Resolution 46 added to the agenda tonight regarding JCP&L and Pilgrim Pipeline. He would like the Board to consider passing a resolution similar to his, opposing the proposed oil pipeline.

Beth Jarrett, Rockaway resident, wanted to acknowledge Mary Jo Buchanan to thank her for her dedication concerning Morris View.

Bill Eames, Whippany resident, commended the Freeholder Board for the decision which changed an earlier vote which held the audio recordings of the meetings until the written minutes were finished. He felt it was the right thing to release the audio within 48 hours. Mr. Eames also wanted to confirm his understanding that the Board has voted to discontinue studying the possibility of a County Police force. Both Director Mastrangelo and Freeholder Cabana confirmed this.

Stephen Hammond, Chester resident and former County employee, said that Assistant Administrator Buchanan’s departure from staff’s point-of-view, has nothing but his respect. She will be missed immensely. Also, Treasurer Roe’s departure will be a great loss. Mr. Roe worked closely with the Engineering Department, and he appreciates all Glenn’s efforts.

--

RESOLUTIONS

Freeholder Lyon introduced the following resolutions:

(1)BE IT RESOLVED by the Board of Chosen Freeholders of the County of

Morris in the State of New Jersey as follows:

1. That the Plans and Specifications for the Replacement of County Bridge No. 1401-000 on Canal Street over Drakes Brook in the Township of Roxbury, County of Morris, NJ are hereby approved.

2. That the Director is hereby authorized to sign the Plans.

3. That the County Purchasing Agent is hereby directed to advertise for bids for this project forthwith.

4. That this resolution shall take effect immediately.

--(2)

BE IT RESOLVED by the Board of Chosen Freeholders of the County of Morris in the State of New Jersey as follows:

1. That the Plans and Specifications for the Replacement of County Bridge No. 1400-604 on County Route 510 (Mendham Road) over the Whippany River in the Township of Morris, NJ are hereby approved.




--(3)

BE IT RESOLVED by the Board of Chosen Freeholders of the County of Morris in the State of New Jersey as follows:

1. That the Plans and Specifications for Drainage Improvements to County Route 699 (Berkshire Valley Road) across from Longwood Lake in the Township of Jefferson, NJ are hereby approved.




--

322


(4)WHEREAS, a Traffic Control Signal has been installed and placed into

service at the intersection of Hillside Avenue (CR 619) and Main Street in the Township of Roxbury, Morris County, New Jersey on Monday December 23, 2013; and

WHEREAS, the Traffic Control Signal installed must comply with the provisions of the Manual of Uniform traffic Control Devices and Title 39 of the Revised Statutes and must conform to the design, dated February 23, 2013 entitled “Traffic Signal Layout Plan Hillside Avenue (CR 619) at Main Street, Roxbury Township, Morris County, New Jersey” dated 2/25/2013 and signal timing plan dated 8/30/2002 revised 12/23/2013 shall be maintained in operation, as authorized by the County of Morris; and

NOW THEREFORE, BE IT RESOLVED by the Board of Chosen Freeholders of the County of Morris in the State of New Jersey as follows:

1. All prior ordinances or resolutions or portions thereof related to this signal device of the Morris County Board of Chosen Freeholders inconsistent herewith be and they are hereby repealed.

2. This resolution shall become effective upon adoption and publication

as required by law; and

3. That if any clause, section or provision of this resolution is declared invalid by a Court of competent jurisdiction, such provision shall be deemed a separate , distinct and independent provision and shall not affect the validity of the remaining portion thereof, and

4. When the resolution is finally adopted, the Clerk of the Board is to send a certified copy to the Township of Roxbury.

--(5)

WHEREAS, on June 24, 2009, the County of Morris entered into a New Jersey Department of Transportation State Railroad Crossing Master Agreement which would provide funds to the County to improve rail-highway crossings or improvements of crossing surfaces on any public highway under the Federal Highway Safety Act of 1973 as amended by the Intermodal Surface Transportation Efficiency Act of 1991, and in accordance with the provisions of the U.S. Department of Transportation Federal Highway Administration Federal Policy Guide; and

WHEREAS, under aforesaid agreement, funds will be made available by the state in the form of “Change Orders” specifying the nature of the improvements and the funds provided by the State for the same; and

WHEREAS, the State of New Jersey is making available $270,000.00 under Change Order No. 2M57, Project No. STP-C00S(586)LS5E, for improvements to the Morris Avenue crossing in Rockaway Township and the Righter Road crossing in Roxbury Township;

NOW, THEREFORE, BE IT RESOLVED, that the Director of Finance and County Treasurer is hereby authorized to accept the aforesaid funds, for the aforesaid purposes, crediting the appropriate accounts.

--(6)

RESOLVED that the Director is hereby authorized to execute and the Clerk shall attest and affix the seal to the Release of Receipt of Grant and Lien in the matter of the client(s), and the Clerk shall deliver the same to Community Development.

Samuel S. & Carmella M Laiso

--(7)

RESOLVED that the Director is hereby authorized to execute and the Clerk shall attest and affix the seal to the Postponement of Lien in the matter of the client(s), and the Clerk shall deliver the same to Community Development.

Bruce H. & Vincenza R. McDonald

--(8)

323


BE IT RESOLVED as follows:

1. The County of Morris wishes to purchase four (4) Dodge Caravans from the following authorized vendors under the State of New Jersey Cooperative Purchasing Program 1-NJCP, according to Local Public Contract Laws, N.J.S. 40A:11-12. Hertrich Fleet Services Administration Office 1427 Bay Rd Split Account: Milford DE 19963 Amount: $85,100.00NJS#A8288904-216-55-956190-957 $11,890.0004-216-55-964330-957 $73,210.00

2. The Treasurer is hereby authorized to issue Certificates of Availability of Funds.

--(9)


WHEREAS, an emergency condition exists affecting the safety and health of citizens of Morris County due to the existing damaged heater exhaust pipes and gutters at the Apparatus Bldg at the Public Safety Training Academy;

WHEREAS, damage heater exhaust pipes and gutters must be undertaken to alleviate this emergency situation;

NOW THEREFORE BE IT RESOLVED by the Board of Chosen Freeholders of the County of Morris as follows:

1. The action of the Purchasing Agent, in authorizing the performance of the work during this emergency condition pursuant to N.J.S.A. 40A:11-6, is hereby approved, ratified and confirmed.

2. A contract is awarded to:

High Grade 155 Canfield Avenue Randolph NJ 07869Amount: $17,400.00Vendor #8560

Said amount shall be charged to Account #12-290-56-579301-888

4. This resolution shall take effect immediately.

--(10)

WHEREAS, on July 10th, 2013 by Resolution #6 a contract for Labor Rates Painting & Related Work was awarded to the lowest responsible bidder, GPC Inc., and,

WHEREAS, the specifications provided an option for renewal for one year and,

WHEREAS, it is in the best interest of the County to exercise said option, now therefore,

BE IT RESOLVED that said contract with GPC Inc., be renewed as follows:

GPC Inc.20 E Willow StreetMillburn NJ 07041Amount: $35,000.00Term: July 1st, 2014 thru June 30th, 2015Dept: Buildings & Grounds Split Budget:01-201-26-310100-084 $25,000.00 01-201-26-310100-234 $10,000.00

1. The Treasurer is hereby authorized to issue a Certificate of

Availability of Funds charging the appropriate department account for amounts reflecting all liabilities to be incurred through March 31, 2015, in accordance with N.J.R. 3644, 5:34-5.3 (a) (2). Upon final

324


adoption of the budget, a Certificate of Availability of Funds shall be issued for the remaining balance subject to the appropriation of sufficient funds.

2. The Treasurer is hereby authorized to issue a Certificate of Availability of Funds

3. The Purchasing Agent is hereby authorized to execute said contract as prepared by County Counsel.


5. This contract is awarded pursuant to a fair and open process in compliance with N.J.S.A 19:44A-20.1, et seq.

--(11)

With respect to recent bidding for Labor Rates for Garage Door Repair, a contract is hereby awarded to the lowest responsible bidder as follows:

Capozzi Overhead Doors 80 Howard Place Nutley NJ 07110Term: June 1st, 2012 thru May 31st, 2013Amount: $25,000.00Dept: Buildings & GroundsBudget: 04-216-55-953312-9512014-$15,000.002015-$10,000.00

1. The Treasurer is hereby authorized to issue a Certificate of Availability of Funds charging the appropriate department account for amounts reflecting all liabilities to be incurred through in accordance with N.J.R. 3644, 5:34-5.3 (a) (2).

2. The Purchasing Agent is hereby authorized to execute said contract as prepared by County Counsel.


4. This contract is awarded pursuant to a fair and open process in compliance with N.J.S.A. 19:44A-20.1, et seq.

--(12)

WHEREAS, on December 23, 2013 by way of Resolution 23 the County of Morris entered into Social Services for the Homeless Contract SH14014 for $124,000 with the New Jersey Department of Human Services, Division of Family Development (DFD) to provide funding targeting homeless individuals and families for emergency assistance and prevention services for the period January 1, 2014 through June 30, 2014; and,

WHEREAS, the County of Morris wishes to expend these funds for the action in signing the aforesaid agreement as follows;

Homeless Solutions, Inc. Family Promise of Morris County6 Dumont Place, 3rd Floor P.O. Box 1494Morristown, New Jersey 07960 Morristown, New Jersey 07962Vendor Code: 75788 Vendor Code: 75789MSI: 02-213-41-754410-392 MSI: 02-213-41-754410-392Amount: $34,766.08 Amount: $21,398.08

The balance of these funds, $67,835.84, is an Intradepartmental Affiliation Agreement between the Division of Community and Behavioral Health Services and the Morris County Office of Temporary Assistance (MSI: 02-213-41-754410-392).

Total: $124,000

NOW, THEREFORE, BE IT RESOLVED, by the Board of Chosen Freeholders of the County of Morris in the State of New Jersey as follows:

1. hat the action of the Director of the Board of Chosen Freeholders in signing and executing subgrant and affiliation agreements with the above named agencies is hereby approved, ratified and confirmed, copies of

325


which are on file in the Department of Human Services and made a part hereof by reference.

2. The County Treasurer is hereby authorized to issue Certificates of Availability of Funds charging the appropriate Department accounts in accordance with the terms of the aforesaid agreements

--(13)

WHEREAS, on October 9, 2013 Resolution No. 4, an Affiliation Agreement between the Division of Community & Behavioral Health Services and the Morris County Office of Temporary Assistance was established to assist families and individuals experiencing short-term non-recurring emergencies through the Sandy Homeowner/Rental Assistance (SHRAP) Program for the period of October 1, 2013 to September 30, 2015; and,

WHEREAS, the original amount of the agreement was for $100,000; and,

WHEREAS, on December 23, 2013, Resolution No. 24 provided an additional $8,000 to cover administrative and operations costs associated with this program; and,

WHEREAS, on April 23, 2014, Resolution No. 14 amended the aforesaid agreement, reducing it by $ 50,000.00 from $108,000 to $58,000.00; and,

WHEREAS, it has become necessary, at the request of the State of New Jersey Department of Human Services, Division of Family Development, to increase this agreement by an additional $10,000;


1. The Director of the Board of Chosen Freeholders is hereby authorized to sign and execute Modification #5 reflecting the above change, a copy of which is on file in the Department of Human Services and made a part hereof by reference

2. The Director of Finance and County Treasurer is hereby authorized to amend the budget as follows:

MSI NAME AMOUNT02-213-41-754515-391 OTA/SSBG-SHRAP $10,000

--(14)

WHEREAS, the Board of Chosen Freeholders of the County of Morris in the State of New Jersey has authorized the Municipal Alliance funding allocation from the Governor’s Council on Alcoholism and Drug Abuse to provide prevention and education services on alcohol and drug abuse by the twenty-six Municipal Alliance Committees representing thirty-one municipalities; and,

WHEREAS, a Request for Proposal Application for these funds has been announced and distributed by the Morris County Department of Human Services; and,

WHEREAS, the following Municipal Alliance Committees in the County of Morris have been recommended by the Mental Health/Substance Abuse Advisory Board for these funds:

Municipality Funding Amount

Boonton, Town of $ 11,523Boonton, Township of $ 10,146Butler Borough $ 9,475Chatham, Borough/Township $ 21,950Chester, Borough/Township $ 16,317Denville, Township of $ 13,642Dover/Victory Gardens $ 23,361East Hanover, Township of $ 11,197Hanover, Township of $ 13,826Jefferson, Township of $ 15,690Lincoln Park, Borough of $ 10,649Long Hill, Township of $ 9,537Madison, Borough of $ 14,296Mendham, Borough/Township $ 16,560

326


Montville, Township of $ 15,244Morris Plains, Borough of $ 12,359Morristown/Morris Township $ 30,325Netcong, Borough of $ 7,725Parsippany/Troy Hills $ 28,143Pequannock, Township of $ 14,536Randolph, Township of $ 19,125Rockaway, Borough of $ 9,256Rockaway, Township of $ 19,972Roxbury, Township of $ 18,472Washington, Township of $ 15,594Wharton, Borough of $ 9,978Countywide Training by DHS $ 19,992Coordination $ 55,000

Total $473,890

NOW, THEREFORE BE IT RESOLVED, by the Board of Chosen Freeholders of the County of Morris in the State of New Jersey that the aforesaid recommendations are endorsed for review and approval by the Governor’s Council on Alcoholism and Drug Abuse.

--(15)

WHEREAS, on January 1, 2013 the County of Morris entered into contract agreement SH13014 with the New Jersey Department of Human Services, Division of Family Development for $221,855.00 for the period January 1, 2013 to December 31, 2013 to provide services to the homeless population; and,

WHEREAS, the October 9, 2013 Resolution No. 4 amended the aforesaid contract increasing it by $100,000.00 to a new total of $321,855.00 for a Disaster Social Services Block Grant to assist families and individuals experiencing short-term non-recurring emergencies as a consequence of Hurricane Sandy for the period of September 1, 2013 to September 30, 2015; and,

WHEREAS, on November 13, 2013, Resolution #58 increased the contract by an additional $14,259.00 from $321,855.00 to $336,114.00 for the period January 1, 2013 to December 31, 2013 to provide additional services for individuals and families who meet State Social Services for the Homeless eligibility criteria; and,

WHEREAS, on December 23, 2013, Resolution #24 increased the contract by an additional $8,000 to cover administrative and operations costs associated with assisting families and individuals experiencing loss due to Hurricane Sandy associated with the Disaster Social Services Block Grant by further increasing the contract amount from $336,114 to $344,114; and,

WHEREAS, on April 23, 2014, Resolution No. 20 reduced the contract by $50,000 from $344,114 to $294,114, and the timeframe altered from the period of September 1, 2013 to October 1, 2013 to September 30, 2015; and,

WHEREAS, it has become necessary to increase the contact amount by $10,000 from $294,114 to $304,114.


1. The Director of the Board of Chosen Freeholders is hereby authorized to sign and execute the fifth contract modification and revised Annex B and any such related documents as may be required, a copy of which is on file in the Department of Human Services, Division of Community & Behavioral Health Services and made a part hereof by reference.

2. The County Treasurer is hereby authorized to sign the revised Annex B in accordance with the aforesaid changes.

--

(16)WHEREAS, the County of Morris has been awarded a renewed contract for

Case Management and Transportation from the New Jersey Department of Human Services - Division of Family Development for $343,638; and,

327


WHEREAS, the County of Morris is interested in continuing to provide Case Management and Transportation services for welfare recipients;

NOW, THEREFORE, BE IT RESOLVED, by the Board of Chosen Freeholders of the County of Morris in the State of New Jersey as follows: 1. The Director of the Board of Chosen Freeholders and the Director of

Finance are hereby authorized to sign and execute, on behalf of the Office of Employment and Training Services, contract #TS15014 with the New Jersey Department of Human Services in the amount of $343,638.00 for the period July 1, 2014 through June 30, 2015, for the operation of the Work First New Jersey Program in Morris County; copies of the contract are on file in the Office of Employment and Training Services and made a part hereof by reference.

2. The Director of Human Services is hereby authorized to sign related grant contract documents as required.

3. The County Treasurer is hereby authorized to accept the aforesaid funds crediting the appropriate account

--(17)

WHEREAS, Resolution #33 adopted at the December 12, 2012 Freeholder Public Meeting authorized execution of contract ET-14-PY12 between the Morris/ Sussex/Warren Investment Board and NJ Labor and Development (LWD) in the amount of $5,613,848.00; and,

WHEREAS, as a result of the NJ LWD Notice of Obligation dated July 15, 2012 (which incorrectly referenced the Pharmaceutical National Emergency Grant as part of PY2012), the above resolution incorrectly included the amount of $883,307.00 as part of the ET-14-PY12 contract; and,

WHEREAS, the correct contract amount is $4,730,541.00 ($5,613,848 less $883,307); and

WHEREAS, Notices of Obligations and Rescissions in connection with the above-mentioned contract resulted in a net reduction of funding in the amount of $81,978 for the contract period July 1, 2012 to June 2013,

NOW THEREFORE, BE IT RESOLVED, that Resolution #33 is amended to exclude the amount of $883,307 from the previously approved contract resolution and reflect the corrected total of $4,730,541.00.

BE IT FURTHER RESOLVED that Contract ET-14-PY12 is modified by a net decrease of $81,978 resulting in a new contract total of $4,648,563.

--(18)

WHEREAS, the Board of Chosen Freeholders (hereinafter “Freeholders”) established the Morris County Flood Mitigation Committee (hereinafter “Committee”) by resolution dated March 14, 2012; and

WHEREAS, the Committee reviewed and evaluated the CORE application from the Township of Long Hill (hereinafter “Long Hill”), in the Project Area designated as “Stirling-3”; and

WHEREAS, the Committee adopted Resolution 2014-05 recommending the following parcel for preservation in Long Hill:

1297 Valley Road – Block 10401, Lot 1

WHEREAS, the total property acquisition cost of this parcel in the Stirling-3 Project Area is estimated to be $480,000; and

WHEREAS, Long Hill will be deriving the required 25% property cost-share match from the homeowner’s donation of value in the amount of $120,000; and

WHEREAS, Morris County’s 75% participation in the property cost-share is $360,000; and

WHEREAS, Morris County will reimburse up to 75% of eligible soft costs, not to include demolition, the Committee estimates these soft costs at

328


approximately 15% of the County’s share of the property’s cost ($360,000), for a total soft cost allowance of $54,000; and

WHEREAS, the combination of $360,000 in property cost-share and $54,000 in soft cost allowance yields a total project area cost of $414,000; and

WHEREAS, the specific dollar amount for the property will be determined upon approval of a fully signed contract and the execution of a grant agreement between Long Hill and the County.

NOW THEREFORE, BE IT RESOLVED that the Morris County Board of Chosen Freeholders accepts the recommendation and dollar amount submitted by the Committee and directs the Treasurer to issue a Certificate of Availability of Funds indicating that funds in the amount of $414,000 are available from the Morris County Dedicated Open Space Account #13-290-56-580550-888 to preserve the herein described parcel of property in Long Hill.

--(19)

With respect to recent bidding for Owner-provided 125kW Standby Generator Installation at Morris County OTA in New Jersey, a contract is hereby awarded to the lowest responsible bidder as follows:

TSUJ, CorporationP.O. Box 4621Wayne, NJ 07474Vendor #: 26599Budget: 04-216-55-953316-951 Amount: $120,777.00 (not to exceed)Term: Not to exceed ninety (90) calendar days after notification of

award Dept.: Buildings & Grounds

1. The Director of the Board of Chosen Freeholders is hereby authorized to execute said contract as presented by County Counsel.

2. The Treasurer is hereby authorized to issue a Certificate of Availability of Funds.


4. The resolution shall take effect immediately.

--(20)

WHEREAS, the Board of Chosen Freeholders of the County of Morris, by resolution #33 adopted May 14th, 2014, awarded a contract to Beyer Ford for the purchase of two (2) Ford F250 trucks;

AND WHEREAS, said resolution incorrectly stated that the amount of the award should be $43,826.00; the correct amount should be $44,024.00;

NOW, THEREFORE BE IT RESOLVED that the resolution be amended to evidence said correction.

This resolution shall take effect immediately.

--(21)


1. The County of Morris wishes to purchase goods and services from the following authorized vendors under the State of New Jersey Cooperative Purchasing Program 1-NJCP, according to Local Public Contract Laws, N.J.S. 40A:11-12. Grainger Morris County Correctional Facility 55 Jackson Drive 02-213-41-806815-391Cranford NJ 07016 Amount: $22,887.24Vendor #14983NJSC A79875/WSCA 1752

--(22)


329


1. The County of Morris wishes to purchase goods and services from the following authorized vendors under the State of New Jersey Cooperative Purchasing Program 1-NJCP, according to Local Public Contract Laws, N.J.S. 40A:11-12.

SHI International Prosecutor’s Office 290 Davidson Avenue 01-201-25-275100-078Somerset NJ 08873 Amount: $13,333.34JSC#A77560

Dell Marketing LP Law & Public Safety One Dell Way 02-213-41-718405-391Round Rock TX 78682 Amount: $2,453.40NJSC#70256

D & B Auto Supply Motor Service Center320 Lincoln Blvd 01-201-26-315100-291Middlesex NJ 08846 Amount: $2,374.20CC-0113-12

Summit Transmission Motor Service Center 39 Milltown Rd 01-201-26-315100-291Union NJ 07083 Amount: $2,750.00NJSC#A76451

Rug and Floor Store Morris View Healthcare 280 N Midland Avenue 04-216-55-955321-951Saddle Brook NJ 07663 Amount: $2,695.00NJSC#81751

Rug and Floor Store Building & Grounds 280 N Midland Avenue 04-216-55-953314-951Saddle Brook NJ 07663 Amount: $2,995.00NJSC#81751

Clarke Mosquito Control Division of Mosquito Control110 E Irving Park Road 01-201-26-320100-225Roselle IL 60172 Amount: $2,416.00NJSC#A83688

D & N Animal Recovery Road DivisionP O Box 205 01-201-26-290100-036Long Valley NJ 07853 Amount: $4,238.94Co-op#51

Tilco New York Inc. Road Division625 Mt Hope Rd 01-201-26-290100-222Wharton NJ 07885 Amount: $4,022.22Co-op#5

Motorola Solutions Inc. Sheriff’s Office 5 Paragon Drive 01-201-25-270100-262Montvale NJ 07645 Amount: $2,425.20NJSC#A83909

Computer Square Sheriff’s Office 330 Mac Lane 13-290-56-578801-888Keasbey NJ 08832 Amount: $15,000.00NJSC#A77560

FFI Professional Safety Public Safety Training26 Gail Court 04-216-55-963175-956Sparta NJ 07871 Amount: $2,519.48NJSC#A80964

BFI Morris View Healthcare10 Lanidex Center W 04-216-55-955321-951Parsippany NJ 07054 Amount: $22,658.96NJSC#A81620

Coloplast Corp Morris View Healthcare 1601 West River Rd 01-201-27-350130-046Minneapolis MN 55411 Amount: $2,939.20NJSC#A58451

330


Office Master Inc. Sheriff’s Office 1110 South Mildred Ave. 01-201-25-270100-162Ontorio CA 91716 Amount: $11,478.60NJSC#A81726

Petrochoice Motor Service Center837 Cherry Street 01-201-26-315100-232Avoca PA 18641 Amount: $5,612.29NJSC#A81514

Northeast Comm. Law & Public Safety244 East Union Turnpike 01-201-20-100100-167Wharton NJ 07885 Amount: $2,345.00NJSC#A83898

Atlantic Tactical of NJ Inc. MC Jail 14 Worlds Fair Dr. 01-201-25-280100-115Somerset NJ 08873 Amount: $2,268.90NJSC#A81297

R.P. Smith & Son, Inc. Road Division Route 10, Box 209 01-201-26-290100-224Succasunna NJ 07876 Amount: $5,432.12Co-op#19

Mobilex USA Morris View Healthcare 101 Rock Road 01-201-27-350130-203Horsham PA 19044 Amount: $2,569.45B12-41

Grainger Buildings & Grounds 55 Jackson Drive 01-201-26-310100-249Cranford NJ 07016 Amount: $2,309.69

--(23)


1. The County of Morris wishes to purchase goods and services from the following authorized vendors under the State of New Jersey Cooperative Purchasing Program 1-NJCP, according to Local Public Contract Laws, 30:9-87.

J.A. Sexauer Morris View Healthcare 304 S. 20th St 01-201-27-350110-262Fairfield IA 52556 Amount: $1,023.16Leading Age

Direct Supply Morris View Healthcare 6767 N Industrial Road 04-216-55-955268-951Milwaukee WI 53223 Amount: $6,371.63HGP1149

Direct Supply Morris View Healthcare 6767 N Industrial Road 01-20127-350140-046Milwaukee WI 53223 Amount: $1,281.65HGP1149

Emerald Professional Morris View Healthcare 285 Pierce Street 01-201-27-350125-182Somerset NJ 08873 Amount: $17,100.00HGP1111


Penn-Jersey Paper Co. Morris View Healthcare232 Solomone Avenue 01-201-27-350130-046W Paterson NJ 07424 Amount: $2,537.40NJHA

331


Praxair Distribution Morris View Healthcare5275 Tilghman Street 01-201-27-350130-193Allentown PA 18104 Amount: $2,168.71NJHA

Ready Supply Morris View Healthcare P O Box 571 01-201-27-350125-182Montvale NJ 07645 Amount: $5,784.68Leading Age

Schindler Elevator Morris View Healthcare20 Whippany Road 01-201-27-350110-044Morristown NJ 07960 Amount: $2,390.90Leading Age

Specialty Medical Products Inc. Morris View Healthcare50 Pennsylvania Avenue 01-201-27-350130-046Malvern PA 19355 Amount: $2,042.00Leading Age


--(24)


1. The County of Morris wishes to purchase goods and services from the following authorized vendors under the State of New Jersey Cooperative Purchasing Program 1-NJCP, according to Local Public Contract Laws, 30:9-87.

Woodruff Energy Morris View Healthcare73 Water Street 01-201-27-350110-141Bridgeton NJ 08302-0499 Amount: $38,884.49HGP1144

--(25)


With respect to recent bidding for Fire Alarm Programming for Morris County, a contract is hereby awarded to the lowest, most responsible bidder as follows:

AES Fire11 Melanie Lane, Unit 8East Hanover, New Jersey 07936Vendor #: 9499Total Amount: $20,000.00 per year, at the rates submitted Line Item #: 70-201-23-212100-223 Using Agency: Risk ManagementTerms: Two (2) years from date of award, May 28th, 2014 through

May 27th, 2016.


2. The Director of the Board of Chosen Freeholders is hereby authorized to execute said contract as prepared by County Counsel.

3. The contract is awarded pursuant to a fair and open process in compliance with N.J.S.A. 19:44A-20.1, et. seq.


--

(26)WHEREAS, there exists a need for a contractor Funeral Home to remove

deceased human remains from the site of death, within Sussex County. The remains will be transported to Morristown Medical Center Morgue, Madison Avenue, Morristown, New Jersey; and

332


WHEREAS, the County of Morris and the County of Sussex have a shared services agreement with regard to the provision of services of the Medical Examiner’s Office; and

WHEREAS, the contract needs to be awarded as a “Professional Service” in accordance with N.J.S.A. 40A:11-5(1)(a)(i) et seq. through a fair and open process, pursuant to N.J.S.A. 19:44A-20.4 et seq.;


1. An agreement between the County of Morris and

Iliff-Ruggiero Funeral Home156 Main StreetNewton, NJ 07860Vendor ID #: 26660Year 2014 $14,000Year 2015 $10,000Total amount: $24,000Account #: 01-201-25-254100-059Term: June 1, 2014 through May 31, 2015

for the aforesaid services, a copy of which is on file at the Morris County Purchasing Division and is made a part hereof by reference, is hereby approved and shall be entered into by this Board.

2. The Director of the Board of Chosen Freeholders is hereby authorized to execute said agreement conditioned upon the contractor’s compliance with the requirements set forth in paragraph 6 below.

3. The Treasurer is hereby authorized to issue a Certificate of Availability of Funds charging the appropriate account for amounts reflecting all liabilities to be incurred through March 31, 2015, in accordance with N.J.R. 3644, 5:34-5.3 (a) (2).

4. Upon final adoption of the budget, a Certificate of Availability of Funds shall be issued for the remaining balance subject to the appropriation of sufficient funds.

5. A notice of this action will be published in accordance with the law.


--(27)

WHEREAS, there exists a need for a contractor to remove deceased human remains from the site of death, within Warren County. The remains will be transported to Morristown Medical Center Morgue, Madison Avenue, Morristown, New Jersey; and

WHEREAS, the County of Morris and the County of Warren have a shared services agreement with regard to the provision of services of the Medical Examiner’s Office; and

WHEREAS, the contract needs to be awarded as a “Professional Service” in accordance with N.J.S.A. 40A:11-5(1)(a)(i) et seq. through a fair and open process, pursuant to N.J.S.A. 19:44A-20.4 et seq.;


1. An agreement between the County of Morris and

TEW Funeral Services, Inc./dba Noto-Wynkoop Funeral Home289 S. Main StreetPhillipsburg, NJ 08865Vendor ID #: 21214Year 2014 $ 9,905Year 2015 $ 7,075Total amount: $16,980Account #: 01-201-25-254100-059Term: June 1, 2014 through May 31, 2015

333


for the aforesaid services, a copy of which is on file at the Morris County Purchasing Division and is made a part hereof by reference, is hereby approved and shall be entered into by this Board.

2. The Director of the Board of Chosen Freeholders is hereby authorized to execute said agreement conditioned upon the contractor’s compliance with the requirements set forth in paragraph 6 below.

3. The Treasurer is hereby authorized to issue a Certificate of Availability of Funds charging the appropriate account for amounts reflecting all liabilities to be incurred through March 31, 2015, in accordance with N.J.R. 3644, 5:34-5.3 (a) (2).

4. Upon final adoption of the budget, a Certificate of Availability of Funds shall be issued for the remaining balance subject to the appropriation of sufficient funds.

5. A notice of this action will be published in accordance with the law.


--(28)

WHEREAS, the County Treasurer has been advised that a tax lien has been filed against vendor number 19134 and whereas bills to this vendor have been submitted as follows: DATE AMOUNT ACCOUNT BANK

05/14/14 $595.09 Centralized Disbursement

Bank of America

THEREFORE, BE IT RESOLVED by the governing body that the County Treasurer be authorized to process the above to the United States Treasury to satisfy the lien.

AMOUNT PAYEE ACCOUNT BANK

$595.09 United States Treasury

Centralized Disbursement

Bank of America

--(29)

WHEREAS, the County Treasurer has been advised that the following check has been lost and payment has been stopped on same,

THEREFORE, BE IT RESOLVED, that the County Treasurer is hereby authorized to reissue the same.

CHECK # DATE AMOUNT PAYEE ACCOUNT BANK 373231 01/22/14 $83.52 Star Ledger Centralized

DisbursementBank of America

--(30)

In accordance with the authorization to pay per Chapter 127 P.L. 1985, the following checks have been issued by the County Treasurer:

DATE CHECK NO. PAYEE ACCOUNT AMOUNT

04/23/14 377095 Caesar’s Entertainment Corp.

01-201-20-120100-082 $396.00

04/23/14 377096 Cathy Burd 01-201-20-105100-022 $495.00

05/02/14 377109 Chester Post Office 01-201-20-130110-068 $440.00

05/02/14 377110 Robert Beckmann 01-201-26-315100-098 $451.60

05/02/14 377110 Robert Beckmann 01-203-26-315100-098 $ 3.16

334


THEREFORE, BE IT RESOLVED, that the above payments be confirmed.

--(31)

WHEREAS, the following Grant Fund budget appropriation balances remain unexpended or have been reduced:

741030 WFNJ WLLP – FY13 $1,013.00793305 Subregional Studies Program $1,277.93832310 CEHA 2013 $ 17.51

WHEREAS, it is necessary to formally cancel said balances so that the Grant program may be closed out and removed from the open balances, and

WHEREAS, it may be necessary to refund any excess funds received from the Grant Agency if Morris County receives funding in excess of the requirement of the program.

NOW, THEREFORE BE IT RESOLVED by the Board of Chosen Freeholders that the above listed balances in the grant fund be canceled and any excess funds received be returned to the appropriate Grant Agency.

--(32)

BE IT RESOLVED, by the Board of Chosen Freeholders of the County of Morris in the State of New Jersey that the Director of Finance & County Treasurer is hereby authorized to reclassify the following payments as follows:

CHECK # DATE PAYEE AMOUNT FROM TO

10169 03/26/14 Tracks Unlimited, Inc.

$72,445.00 12-290-56-579301-888

02-213-41-864575-391

377826 (partial)

05/14/14 Project Self Sufficiency

$ 435.00 02-213-41-741015-392

02-213-41-741415-392

377826 (partial)


$ 435.00 02-213-41-741015-392

02-213-41-741415-392

377826 (partial)


$ 435.00 02-213-41-741015-392

02-213-41-741415-392

--(33)

RESOLUTION PROVIDING FOR THE INSERTION OF ANY SPECIALITEM OF REVENUE IN THE BUDGET OF ANY COUNTY OR MUNICIPALITY

PURSUANT TO N.J.S.A. 40A:4-87 (CHAPTER 159, P.L. 1948)

WHEREAS, N.J.S.A. 40A:4-87 provides that the Director of the Division of Local Government Services may approve the insertion of any special item of revenue in the budget of any county or municipality when such item shall have been made available by law and the amount thereof was not determined at the time of the adoption of the budget, and

WHEREAS, said Director may also approve the insertion of an item of appropriation for equal amount,

WHEREAS, the Treasurer certifies that the County of Morris has realized or is in receipt of written notification of the state or federal monies cited in this resolution, which meets all statutory requirements and will be included in the 2014 county budget,

NOW, THEREFORE, BE IT RESOLVED, that the Board of Chosen Freeholders hereby requests the Director of the Division of Local Government Services to approve the insertion of an item of revenue and appropriation in the budget of the year 2014 as referenced below:

Revenue Title: U.S. Department of Labor Amount: $1,162,577.00Appropriation Title: Workforce Investment Act - Adult Amount: $1,162,577.00Local Match - Source: Amount: $____________

BE IT FURTHER RESOLVED, that pursuant to N.J.S.A 40A:4-87 this resolution has been duly adopted by the governing body of the County of Morris

335


and that one (1) certified copy of this resolution be forwarded to the Division of Local Government Services.

--(34)







Revenue Title: U.S. Department of Labor Amount: $2,009,393.00Appropriation Title: Workforce Investment Act –

Dislocated Worker Amount: $2,009,393.00Local Match - Source: Amount: $____________

BE IT FURTHER RESOLVED, that pursuant to N.J.S.A 40A:4-87 this resolution has been duly adopted by the governing body of the County of Morris and that one (1) certified copy of this resolution be forwarded to the Division of Local Government Services.

--(35)







Revenue Title: U.S. Department of Labor Amount: $1,282,782.00Appropriation Title: Workforce Investment Act – Youth Amount: $1,282,782.00Local Match - Source: Amount: $____________


--(36)

336








Revenue Title: U.S. Department of Housing and Amount: $20,181.00Urban Development

Appropriation Title: 2012 Morris CoC Planning Grant Amount: $20,181.00Local Match - Source: Amount: $_________


--(37)

With respect to recent bidding for Milling and Resurfacing 2013 Various Paving Projects in the Township of Parsippany Troy-Hills, Morris County, New Jersey, a contract is hereby awarded to the lowest responsible bidder as follows:

Schifano Construction Corp.One Smalley Ave.Middlesex, NJ 08846 VENDOR ID: 17546Budget: 02-213-41-864395-391 $124,847.15 ” “ 04-216-55-953202-951 $257,321.65Total Amount: $382,168.80Term: Shall be completed by July 15, 2014Div. of: Engineering

1. The Director is authorized to execute and the Clerk shall attest and affix the seal to the contract as presented by County Counsel.




--(38)


WHEREAS, an emergency condition exists affecting the health and safety of the citizens of the County of Morris, and

WHEREAS, a mold condition exists at the Morris County Correctional Facility, requiring environmental mold testing;


337



2. The Treasurer is authorized to issue payment in the amount of $6,345.00 to:

Environmental Safety Management Corporation21 E. Scott Street Riverside, NJ 08075 VENDOR #: 26216

Said payment shall be charged to Account #70-201-23-212100-084


--(39)

WHEREAS, a contract was awarded on April 9, 2014 for network video recorder replacement; and

WHEREAS, it has been determined that it is necessary to increase said contract to provide for emergency replacement of network video recorder;

NOW, THEREFORE, BE IT RESOLVED by the Board of Chosen Freeholders of the County of Morris in the State of New Jersey that, pursuant to Local Public Contract Regulations, contract modification as detailed on “Contract Change Order Request” No. 1-96009 is hereby approved as follows:

1. Vendor: Complete Security Systems, Inc.94 Vanderburg RoadMarlboro, NJ 07746

2. Items: Additional CCTV System Equipment

3. Increase: $19,995.00

4. New Contract Total: $67,000.00

5. The necessary amended Certificate of Availability of Funds has been provided by the Treasurer and said amended Certificate indicates the availability of funds is as listed in Capital Account #04-216-55-954304-956 and said account shall be charged.

6. The Director of the Board of Chosen Freeholders is hereby authorized to execute said contract modification.


--(40)

WHEREAS, a contract was awarded on May 6, 2013 for security equipment at various facilities; and

WHEREAS, it has been determined that it is necessary to increase said contract to provide for additional equipment;

NOW, THEREFORE, BE IT RESOLVED by the Board of Chosen Freeholders of the County of Morris in the State of New Jersey that, pursuant to Local Public Contract Regulations, contract modification as detailed on “Contract Change Order Request” No. 1-77726 is hereby approved as follows:

1. Vendor: Complete Security Systems, Inc.94 Vanderburg RoadMarlboro, NJ 07746

2. Items: Additional CCTV System Equipment

3. Increase: $ 9,489.00

4. New Contract Total: $101,289.00

5. The necessary amended Certificate of Availability of Funds has been provided by the Treasurer and said amended Certificate indicates the

338


availability of funds is as listed in Capital Account #04-216-55-954154-956 and said account shall be charged.

6. The Director of the Board of Chosen Freeholders is hereby authorized to execute said contract modification.


--(41)

RESOLUTION APPROVING THE ACQUISITION OF PERMANENT BRIDGE AND DRAINAGE CONSTRUCTION AND MAINTENANCE EASEMENT ON TAX BLOCK 43, LOT 95 IN THE TOWNSHIP OF WASHINGTON, MORE COMMONLY KNOWN AS 4 RUTH LANE, AND APPROPRIATING THE SUM

OF $640.00 THEREFORE FROM CAPITAL ACCOUNT NUMBER 04-216-55-953269-951

WHEREAS, the Board of Chosen Freeholders of the County of Morris in the State of New Jersey has determined that an acquisition of a permanent bridge and drainage construction and maintenance easement is necessary for public purposes and that the County must acquire an interest in real property as set forth in the attached Exhibit “A” and described as part of Tax Block 43, Lot 95 on the Tax Map of the Township of Washington, more commonly known as 4 Ruth Lane; and

NOW, THEREFORE, BE IT RESOLVED by the Board of Chosen Freeholders of the County of Morris in the State of New Jersey that it is necessary, required, desirable, in the public interest and in the best interests of the County that it acquire a road widening easement in the property herein described as Tax Block 43, Lot 95 in the Township of Washington, commonly known as 4 Ruth Lane, and more particularly described on the attached Exhibit A, which is annexed hereto and made a part hereof.

SUBJECT, HOWEVER, to easements of the Township of Washington and the County of Morris and all other public and utility easements, recorded or unrecorded, affecting the herein described premises.

BE IT FURTHER RESOLVED that the appraisal report dated May 15, 2014, prepared by Louis Izenberg, MAI, Izenberg Appraisal Associates, with a value date of April 16, 2014 valuing the property interest to be acquired at $640.00 is hereby approved; and

BE IT FURTHER RESOLVED that the Morris County Counsel or such person(s) as directed by him, be and is hereby authorized, empowered and directed to negotiate for and on behalf of the County with the owner(s) of the hereinabove described real property for the acquisition thereof by the County; and

BE IT FURTHER RESOLVED that in the event that such Counsel is unable to agree with the owner(s) of the aforementioned real property as to the compensation to be paid therefore, free and clear of all liens of lienholders, then said Counsel is hereby authorized to institute condemnation proceedings in the name and for the benefit of the County of Morris in accordance with the eminent domain laws of the State of New Jersey for the acquisition of the real property hereinabove described, and to institute such proceedings at the cost and expense of the County; and

BE IT FURTHER RESOLVED that there is hereby authorized the sum of Six Hundred Forty ($640.00) Dollars for the necessary order of taking to acquire the said property from Capital Account Number 04-216-55-953269-951. The Treasurer is hereby authorized to remit a check in the sum of Six Hundred Forty ($640.00) Dollars made payable to the firm of Waters, McPherson, McNeill, P.C. Trust Account; and

BE IT FURTHER RESOLVED that this Resolution shall take effect immediately and be in full force from and after its passage.

--(42)

RESOLUTION APPROVING THE ACQUSITION OF A PERMANENT BRIDGECONSTRUCTION AND MAINTENANCE EASEMENT AND TEMPORARY CONSTRUCTION AND GRADING EASEMENT ON TAX BLOCK 44, LOT 1 MORE COMMONLY KNOWN AS 2 OLD TURNPIKE ROAD IN THE TOWNSHIP OF WASHINGTON AND APPROPRIATING THE SUM OF $5,770.00 FROM CAPITAL

ACCOUNT NUMBER 04-216-55-953269-951

WHEREAS, the Board of Chosen Freeholders of the County of Morris in the State of New Jersey has determined that a permanent bridge construction and maintenance easement and a temporary construction and grading easement is

339


necessary for public purposes and that the County must acquire the real property described as part of Tax Block 44, Lot 1 on the Tax Map of the Township of Washington, more commonly known as 2 Old Turnpike Road and as set forth in the description attached hereto as Exhibit “A” in order to construct, reconstruct and maintain the bridge and roadway thereon and other improvements;

NOW, THEREFORE, BE IT RESOLVED by the Board of Chosen Freeholders of the County of Morris in the State of New Jersey that it is necessary, required, desirable, in the public interest and in the best interests of the County that it acquire permanent bridge construction and maintenance easements and a temporary construction and grading easement on the property herein described as Tax Block 44, Lot 1, on the Tax Map of the Township of Washington, more commonly known as 2 Old Turnpike Road, more particularly described on the attached Exhibit A, which is annexed hereto and made a part hereof.


BE IT FURTHER RESOLVED that the appraisal report dated May 15, 2014, prepared by Louis Izenberg, MAI, Izenberg Appraisal Associates, with a value date of April 16, 2014 and valuing the property to be taken at $5,770.00, is hereby approved; and

BE IT FURTHER RESOLVED that the Morris County Counsel or such person(s) as directed by him, be and is hereby authorized, empowered and directed to negotiate for and on behalf of the County with the owner(s) of the hereinabove described real property for the acquisition thereof by the County; and therefore, free and clear of all liens of lienholders, then said Counsel is hereby authorized to institute condemnation proceedings in the name and for the benefit of the County in accordance with the eminent domain laws of the State of New Jersey for the acquisition of the real property hereinabove described, and to institute such proceedings at the cost and expense of the County; and

BE IT FURTHER RESOLVED that there is hereby authorized the sum of Five Thousand Seven Hundred Seventy ($5,770.00) Dollars for the necessary order of taking to acquire the said property from Capital Account Number 04-216-55-953269-951. The Treasurer is hereby authorized to remit a check in the sum of Five Thousand Seven Hundred Seventy ($5,770.00) Dollars made payable to the firm of Waters, McPherson, McNeill, P.C. Trust Account; and


--(43)

RESOLUTION APPROVING THE ACQUISITION OF PERMANENT BRIDGE AND DRAINAGE CONSTRUCTION AND MAINTENANCE EASEMENTS AND TEMPORARY CONSTRUCTION EASEMENT ON TAX BLOCK 43, LOT 96.01 MORE COMMONLY KNOWN AS 1 RUTH LANE IN THE TOWNSHIP OF

WASHINGTON AND APPROPRIATING THE SUM OF $1,640.00 FROM CAPITAL ACCOUNT04-216-55-953269-951

WHEREAS, the Board of Chosen Freeholders of the County of Morris in the State of New Jersey has determined that permanent bridge and drainage construction and maintenance easements and a temporary construction easement is necessary for public purposes and that the County must acquire the real property described as part of Tax Block 43, Lot 96.01 on the Tax Map of the Township of Washington, more commonly known as 1 Ruth Lane and as set forth in the description attached hereto as Exhibit “A” in order to construct and reconstruct the bridge and roadway thereon and other improvements;

NOW, THEREFORE, BE IT RESOLVED by the Board of Chosen Freeholders of the County of Morris in the State of New Jersey that it is necessary, required, desirable, in the public interest and in the best interests of the County that it acquire permanent bridge and drainage construction and maintenance easements and a temporary construction easement on the property herein described as Tax Block 43, Lot 96.01, on the Tax Map of the Township of Washington, more commonly known as 1 Ruth Lane, more particularly described on the attached Exhibit A, which is annexed hereto and made a part hereof.


340


BE IT FURTHER RESOLVED that the appraisal report dated May 15, 2014, prepared by Louis Izenberg, MAI, Izenberg Appraisal Associates, with a value date of April 16, 2014 and valuing the property to be taken at $1,640.00, is hereby approved; and

BE IT FURTHER RESOLVED that the Morris County Counsel or such person(s) as directed by him, be and is hereby authorized, empowered and directed to negotiate for and on behalf of the County with the owner(s) of the hereinabove described real property for the acquisition thereof by the County; and

BE IT FURTHER RESOLVED that in the event that such Counsel is unable to agree with the owner(s) of the aforementioned real property as to the compensation to be paid therefore, free and clear of all liens of lienholders, then said Counsel is hereby authorized to institute condemnation proceedings in the name and for the benefit of the County in accordance with the eminent domain laws of the State of New Jersey for the acquisition of the real property hereinabove described, and to institute such proceedings at the cost and expense of the County; and

BE IT FURTHER RESOLVED that there is hereby authorized the sum of One Thousand Six Hundred Forty ($1,640.00) Dollars for the necessary order of taking to acquire the said property from Capital Account Number 04-216-55-953269-951. The Treasurer is hereby authorized to remit a check in the sum of One Thousand Six Hundred Forty ($1,640.00) Dollars made payable to the firm of Waters, McPherson, McNeill, P.C. Trust Account; and


--(44)RESOLUTION DETERMINING THE FORM AND OTHER DETAILS OF NOT TO EXCEED $4,250,000

AGGREGATE PRINCIPAL AMOUNT OF COUNTY COLLEGE BONDS, SERIES 2014 (COUNTY COLLEGE BOND ACT, P.L. 1971, c.12) OF THE COUNTY OF MORRIS, NEW JERSEY AND

PROVIDING FOR THEIR SALE

BE IT RESOLVED BY THE BOARD OF CHOSEN FREEHOLDERS OF THE COUNTY OF MORRIS, NEW JERSEY (not less than two thirds of all members thereof affirmatively concurring) AS FOLLOWS:

Section 1. (a) An amount not to exceed $4,250,000 of County College Bonds, Series 2014 (County College Bond Act, P.L. 1971, c.12) of the County of Morris, New Jersey (the “County”), as more fully described in a bond ordinance finally adopted by the County on February 10, 2014, pursuant to the Local Bond Law, and entitled, “Bond Ordinance of the County of Morris, New Jersey, Providing for Various Capital Improvements to the County College of Morris, in and by the County, Appropriating $4,250,000 Therefor and Authorizing the Issuance of $4,250,000 Bonds or Notes of the County to Finance the Cost Thereof”, shall be issued as County College Bonds, Series 2014 (County College Bond Act, P.L. 1971, c.12) (the “Bonds”). The Bonds shall mature in the principal amounts on January 15 as follows:

Year Principal Amount Year Principal Amount2015 $350,000 2021 $385,0002016 350,000 2022 385,0002017 350,000 2023 400,0002018 475,000 2024 385,0002019 385,000 2025 385,0002020 400,000

(b) Pursuant to N.J.S.A. 40A:2-26(g), the County hereby designates the Director of Finance to adjust the actual principal amounts set forth above. Any such adjustment shall not exceed 10% of the principal for any maturity with the aggregate adjustment to maturity not to exceed 10% of the principal for the overall issue.

(c) Pursuant to N.J.S.A. 40A:2-32(g), the County hereby delegates to the Director of Finance the authority to permit bidders to aggregate consecutive principal maturities for which such bidder bids the same interest rate into term bonds, provided that mandatory sinking funds for which redemptions in lieu of the principal maturities are provided in the amounts and in the years set forth above.

(d) The Bonds shall be subject to redemption prior to their stated maturity as set forth in the hereinafter defined Full Notice of Sale. The

341


Bonds shall be eleven (11) in number, with one certificate being issued for each year of maturity, and shall be numbered CCB1 to CCB-11, inclusive.

Section 2. The Bonds are entitled to the benefits of the County College Bond Act, P.L. 1971, c.12).

Section 3. (a) The Bonds will be issued in fully registered form. One certificate shall be issued for the aggregate principal amount of Bonds maturing in each year. Both principal of and interest due on the Bonds will be payable in lawful money of the United States of America. Each certificate will be registered in the name of CEDE & Co., as nominee of The Depository Trust Company, New York, New York, which will act as securities depository (the “Securities Depository”). The certificates will be on deposit with the Securities Depository. The Securities Depository will be responsible for maintaining a book entry system for recording the interests of its participants or the transfers of the interests among its participants. The participants will be responsible for maintaining records recording the beneficial ownership interests in the Bonds on behalf of individual purchasers. Individual purchases may be made in the principal amount of $5,000, or any integral multiple thereof except, where necessary, also in the amount of $1,000, through book entries made on the books and the records of the Securities Depository and its participants.

(b) The Bonds will be dated their date of delivery and will bear interest payable semiannually on the fifteenth day of January and July in each year until maturity, commencing on January 15, 2015, at a rate or rates per annum, expressed in a multiple of 1/8 or 1/20 of 1% and proposed by the successful bidder in accordance with the Full Notice of Sale. The principal of and the interest due on the Bonds will be paid to the Securities Depository by the County or its designated paying agent on the respective maturity dates and due dates and will be credited on the respective maturity dates and due dates to the participants of the Securities Depository as listed on the records of the Securities Depository as of each next preceding January 1 and July 1 (the “Record Dates” for the Bonds). The Bonds shall be executed by the manual or facsimile signatures of the Freeholder Director and the Director of Finance under the official seal (or facsimile thereof) affixed, printed, engraved or reproduced thereon and attested by the manual signature of the Clerk of the Board of Chosen Freeholders of the County.

Section 4. The Bonds shall be substantially in the following form with such additions, deletions and omissions as may be necessary for the County to market the Bonds or to comply with the requirements of the Securities Depository:

REGISTERED REGISTEREDNo. CCB. -___ $_________

UNITED STATES OF AMERICASTATE OF NEW JERSEY

COUNTY OF MORRIS

COUNTY COLLEGE BOND, SERIES 2014(County College Bond Act, P.L. 1971, c.12)

* * * * * * * * * * * * * * * * * * * *

REGISTERED OWNER:

PRINCIPAL AMOUNT:

DATED DATE:

MATURITY DATE:

RATE OF INTEREST PER ANNUM:

INTEREST PAYMENT DATES:

INITIAL INTEREST PAYMENT DATE:

RECORD DATES:

342


CUSIP NUMBER:

* * * * * * * * * * * * * * * * * * * *

COUNTY OF MORRIS, a body politic and corporate of the State of New Jersey (the “County”), hereby acknowledges itself indebted and for value received promises to pay to the REGISTERED OWNER, or registered assigns, on the MATURITY DATE, upon presentation and surrender of this bond, the PRINCIPAL AMOUNT, and to pay interest on such sum from the DATED DATE until it matures at the RATE OF INTEREST PER ANNUM specified above semiannually on the INTEREST PAYMENT DATES in each year until maturity, commencing on the INITIAL INTEREST PAYMENT DATE. Principal of and interest due on this bond will be paid to the REGISTERED OWNER by the County or its designated paying agent and will be credited to the participants of The Depository Trust Company as listed on the records of The Depository Trust Company as of the RECORD DATES next preceding the respective INTEREST PAYMENT DATES (the “Record Dates”). The principal of and interest on this bond are payable in lawful money of the United States of America.

This bond is not transferable as to principal or interest. The participants are responsible for maintaining the records regarding the beneficial ownership interest in the bonds on behalf of the individual purchasers except to an authorized nominee of The Depository Trust Company. The Depository Trust Company shall be responsible for maintaining the book-entry system for recording the interests of its participants or the transfers of the interests among its participants.

The bonds of this issue maturing prior to January 15, 2024, are not subject to redemption prior to their stated maturities. The bonds of this issue maturing on or after January 15, 2024 are redeemable at the option of the County in whole or in part on any date on or after January 15, 2023 at 100% of the principal amount outstanding (the “Redemption Price”), plus interest accrued to the date of redemption upon notice as required herein.

Notice of Redemption shall be given by mailing by first class mail in a sealed envelope with postage prepaid to the registered owners of the bonds not less than thirty (30) days, nor more than sixty (60) days prior to the date fixed for redemption. Such mailing shall be to the owners of such bonds at their respective addresses as they last appear on the registration books kept for that purpose by the County or a duly appointed Bond Registrar. Any failure of the securities depository to advise any of its participants or any failure of any participant to notify any beneficial owner of any notice of redemption shall not affect the validity of the redemption proceedings. If the County determines to redeem a portion of the bonds prior to maturity, the bonds to be redeemed shall be selected by the County; the bonds to be redeemed having the same maturity shall be selected by the securities depository in accordance with its regulations.

So long as CEDE & Co., as nominee of DTC, is the registered owner of the bonds, the County shall send redemption notices only to CEDE & Co.

If notice of redemption has been given as provided herein, the bonds or the portion thereof called for redemption shall be due and payable on the date fixed for redemption at the Redemption Price, together with accrued interest to the date fixed for redemption. Interest shall cease to accrue on the bonds after the date fixed for redemption and no further interest shall accrue beyond the redemption date. Payment shall be made upon surrender of the bonds redeemed.

This bond is one of an authorized issue of bonds issued pursuant to the Local Bond Law of the State of New Jersey, a bond ordinance of the County duly adopted on February 10, 2014, entitled, “Bond Ordinance of the County of Morris, New Jersey, Providing for Various Capital Improvements to the County College of Morris, in and by the County, Appropriating $4,250,000 Therefor and Authorizing the Issuance of $4,250,000 Bonds or Notes of the County to Finance the Cost Thereof”, in all respects duly approved and published as required by law, and a resolution of the County adopted May 28, 2014, and entitled, "Resolution Determining the Form and Other Details of Not to Exceed $4,250,000 Aggregate Principal Amount of County College Bonds, Series 2014 (County College Bond Act, P.L. 1971, c.12) of the County of Morris, New Jersey and Providing for Their Sale".

The full faith and credit of the County are hereby irrevocably pledged for the punctual payment of the principal of and the interest on this bond according to its terms.

343


It is hereby certified and recited that all conditions, acts and things required by the constitution or the statutes of the State of New Jersey to exist, to have happened or to have been performed precedent to or in the issuance of this bond exist, have happened and have been performed and that the issue of bonds of which this is one, together with all other indebtedness of the County, is within every debt and other limit prescribed by such constitution or statutes.

IN WITNESS WHEREOF, the County has caused this bond to be executed in its name by the manual or facsimile signatures of its Freeholder Director and its Director of Finance, its corporate seal to be hereunto imprinted or affixed, this bond and the seal to be attested by the manual or facsimile signature of its Clerk of the Board of Chosen Freeholders and this bond to be dated the DATED DATE.

COUNTY OF MORRIS

By_________________________________ Freeholder Director

ATTEST:

By: _______________________________ By: ________________________________ Clerk of the Board of Chosen Freeholders Director of Finance

Section 5. (a) The Bonds shall be sold on June 10, 2014, or such other date as determined by the Director of Finance, via the “PARITY Electronic Bid System” (“PARITY”) upon the terms and the conditions set forth and described in the Full Notice of Sale for the Bonds set forth in Exhibit A attached hereto (the “Full Notice of Sale”). The Full Notice of Sale shall be posted on PARITY. McManimon, Scotland & Baumann, LLC is hereby directed to arrange for the publication of the Short Notice of Sale set forth in Exhibit B attached hereto in The Daily Record (or another authorized County newspaper). McManimon, Scotland & Baumann, LLC, is hereby directed to arrange for the publication of the Summary Notice of Sale set forth in Exhibit C attached hereto in The Bond Buyer, a financial newspaper published and circulating in the City of New York, New York. The publications authorized herein shall run not less than seven days prior to the date of sale.

(b) Pursuant to N.J.S.A. 40A:2-34, the County hereby designates the Director of Finance to sell and to award the Bonds in accordance with the Full Notice of Sale, and such financial officer shall report in writing the results of the sale to this Board of Chosen Freeholders as required by law. The Director of Finance is hereby authorized and directed, consistent with the terms of the Full Notice of Sale, to retain the good faith deposit of the successful bidder and to immediately return such good faith deposits, whether by wire or check to the unsuccessful bidders.

Section 6. The Bonds shall have printed thereon a copy of the written opinion with respect to the Bonds that is to be rendered by the law firm of McManimon, Scotland & Baumann, LLC, complete except for omission of its date.

Section 7. The law firm of McManimon, Scotland & Baumann, LLC is authorized to arrange for the printing of the Bonds and is authorized to arrange for the printing of the Official Statement to be prepared by County officials and the County’s financial advisor. The Freeholder Director and the Director of Finance are authorized to execute any certificates necessary in connection with the distribution of the Official Statement. Such Official Statement may be distributed in preliminary form and deemed final for purposes of Rule 15c2-12 of the Securities and Exchange Commission on behalf of the County by the Director of Finance or by the Freeholder Director. Final Official Statements shall be delivered to the purchaser of the Bonds within the earlier of seven business days following the sale of the Bonds or to accompany the purchaser's confirmations that request payment for the Bonds.

Section 8. The County hereby covenants that it will comply with any conditions subsequent imposed by the Internal Revenue Code of 1986, as amended (the “Code”), in order to preserve the exemption from taxation of interest on the Bonds, including the requirement to rebate all net investment earnings on the gross proceeds above the yield on the Bonds, and that it will refrain from taking any action that would adversely affect the tax exemption of the Bonds under the Code.

344


Section 9. If applicable, the Director of Finance is hereby authorized to make representations and warranties, to enter into agreements and to make all arrangements with the Securities Depository as may be necessary in order to provide that the Bonds will be eligible for deposit with such Securities Depository and to satisfy any obligation undertaken in connection therewith.

Section 10. In the event that the Securities Depository may determine to discontinue providing its service with respect to the Bonds or is removed by the County and if no successor securities depository is appointed, the Bonds which were previously issued in bookentry form shall be converted to registered bonds (the “Registered Bonds”) in denominations of $5,000, or any integral multiple thereof, except that an amount maturing in any one year in excess of the largest principal amount thereof equaling a multiple of $5,000 will be in denominations of $1,000, or any integral multiple thereof. The beneficial owner under the bookentry system, upon registration of the Bonds held in the beneficial owner's name, will become the registered owner of such Registered Bonds. The County shall be obligated to provide for the execution and delivery of the Registered Bonds in certificate form.

Section 11. Solely for purposes of complying with Rule 15c2-12 of the Securities and Exchange Commission, as amended and interpreted from time to time (the “Rule”), and provided that the Bonds are not exempt from the Rule and provided that the Bonds are not exempt from the following requirements in accordance with paragraph (d) of the Rule, for so long as the Bonds remain outstanding (unless the Bonds have been wholly defeased), the County shall provide for the benefit of the holders of the Bonds and the beneficial owners thereof:

(a) On or prior to 270 days from the end of each fiscal year, beginning with the fiscal year ending December 31, 2014, to the Municipal Securities Rulemaking Board through the Electronic Municipal Market Access Dataport (the "MSRB"), annual financial information with respect to the County consisting of the audited financial statements (or unaudited financial statements if audited financial statements are not then available, which audited financial statements will be delivered when and if available) of the County and certain financial information and operating data consisting of (i) County indebtedness including a schedule of outstanding debt issued by the County, (ii) the County’s most current adopted budget, and (iii) tax rate, levy and collection data. The audited financial information will be prepared in accordance with modified cash accounting as mandated by State of New Jersey statutory principles in effect from time to time or with generally accepted accounting principles as modified by governmental accounting standards as may be required by New Jersey law and shall be filed electronically and accompanied by identifying information with the MSRB;

(b) in a timely manner not in excess of ten business days after the occurrence of the event, to the MSRB, notice of any of the following events with respect to the Bonds (herein "Material Events"):

(1) Principal and interest payment delinquencies; (2) Non-payment related defaults, if material; (3) Unscheduled draws on debt service reserves reflecting

financial difficulties;(4) Unscheduled draws on credit enhancements reflecting financial

difficulties;(5) Substitution of credit or liquidity providers, or their

failure to perform;(6) Adverse tax opinions, the issuance by the Internal Revenue

Service of proposed or final determinations of taxability, Notices of Proposed Issue (IRS Form 5701-TEB) or other material notices or determinations with respect to the tax status

of the security, or other material events affecting the tax status of the security;(7) Modifications to rights of security holders, if material;(8) Bond calls, if material, and tender offers;(9) Defeasances;(10) Release, substitution, or sale of property securing repayment of

the securities, if material;(11) Rating changes;(12) Bankruptcy, insolvency, receivership or similar event of the

obligated person;(13) The consummation of a merger, consolidation, or acquisition

involving an obligated person or the sale of all or substantially all of the assets of the obligated person, other than in the ordinary course of business, the entry into a

345


definitive agreement to undertake such an action or the termination of a definitive agreement relating to any such actions, other than pursuant to its terms, if material; and

(14) Appointment of a successor or additional trustee or the change of name of a trustee, if material.

For the purposes of the event identified in subparagraph (12) above, the event is considered to occur when any of the following occur: the appointment of a receiver, fiscal agent or similar officer for an obligated person in a proceeding under the U.S. Bankruptcy Code or in any other proceeding under state or federal law in which a court or governmental authority has assumed jurisdiction over substantially all of the assets or business of the obligated person, or if such jurisdiction has been assumed by leaving the existing governing body and officials or officers in possession but subject to the supervision and orders of a court or governmental authority, or the entry of an order confirming a plan of reorganization, arrangement or liquidation by a court or governmental authority having supervision or jurisdiction over substantially all of the assets or business of the obligated person.

(c) in a timely manner to the MSRB, notice of failure of the County to provide required annual financial information on or before the date specified in this resolution.

(d) If all or any part of the Rule ceases to be in effect for any reason, then the information required to be provided under this resolution, insofar as the provisions of the Rule no longer in effect required the provision of such information, shall no longer be required to be provided.

(e) The Director of Finance shall determine, in consultation with Bond Counsel, the application of the Rule or the exemption from the Rule for each issue of obligations of the County prior to their offering. Such officer is hereby authorized to enter into additional written contracts or undertakings to implement the Rule and is further authorized to amend such contracts or undertakings or the undertakings set forth in this resolution, provided such amendment is, in the opinion of nationally recognized bond counsel, in compliance with the Rule.

(f) In the event that the County fails to comply with the Rule requirements or the written contracts or undertakings specified in this certificate, the County shall not be liable for monetary damages. The sole remedy is hereby specifically limited to specific performance of the Rule requirements or the written contracts or undertakings therefor.

(g) The undertaking may be amended by the County from time to time, without the consent of the Bondholders or the beneficial owners of the Bonds, in order to make modifications required in connection with a change in legal requirements or change in law, which in the opinion of nationally recognized bond counsel complies with the Rule.

Section 12. Section 16(a) of resolution of the County finally adopted on April 23, 2014, and entitled, "Resolution Determining the Form and Other Details of Not to Exceed $7,400,000 Aggregate Principal Amount of General Obligation Refunding Bonds, Series 2014 of the County of Morris, New Jersey or Such Other Amount as Determined by the Freeholder Director and/or Director of Finance to Accomplish the Refunding on the Terms Approved by the Local Finance Board Pursuant to N.J.A.C. 5:30-2.5 and Consistent with the Refunding Provisions of the Internal Revenue Code of 1986, as Amended and Providing for the Sale and the Delivery of Such Bonds to Raymond James & Associates, Inc." is hereby amended in its entirety to reflect as set forth in Section 11(a) hereof.

Section 13. The Freeholder Director, the Director of Finance, the Clerk of the Board and other appropriate representatives of the County are hereby authorized to execute all such agreements, documents and certificates necessary and appropriate to effectuate the transactions contemplated hereby.

Section 14. This resolution shall take effect immediately.

The foregoing resolution was adopted by the following vote:

AYES:

NAYS:

CERTIFICATE

346


I, Diane M. Ketchum, Clerk of the Board of Chosen Freeholders of the County of Morris, State of New Jersey, HEREBY CERTIFY that the foregoing annexed extract from the minutes of a meeting of the governing body of the County duly called and held on May 28, 2014 has been compared by me with the original minutes as officially recorded in my office in the Minute Book of the governing body and is a true, complete and correct copy thereof and of the whole of the original minutes so far as they relate to the subject matters referred to in the extract.

IN WITNESS WHEREOF,I have hereunto set my hand and affixed the corporate seal of the County this ___ day of May, 2014.

______________________________________________Diane M. Ketchum, Clerk of the Board of Chosen Freeholders

(SEAL)

Exhibit A

(Notice of Sale to be Posted on PARITY)

NOTICE OF SALE$4,250,000

COUNTY COLLEGE BONDS, SERIES 2014(County College Bond Act, P.L. 1971, c.12)

OF THECOUNTY OF MORRIS, NEW JERSEY

(Book-Entry Only Bonds)/(Callable)/(Not Bank Qualified)

SUMMARY

ISSUER: County of Morris, New Jersey

PAR AMOUNT: $4,250,000*

SECURITY: General Obligations of the County

TAX EXEMPT: Yes

RATING: Moody’s and Standard & Poor’s ratings to be assigned.

TYPE OF SALE: Electronic proposals via PARITY Electronic Bid System (PARITY) of I-Deal, LLC (“I-Deal”). See “Bidding Details” herein.

AGENT: PARITY – Electronic proposals will be received via the PARITY Electronic Bid System (“PARITY”) of I-Deal

SALE DATE & BID TIME: June 10, 2014 until 11:00 a.m. local time, at which time they will be publicly opened,

received and announced. Award by 2:00 p.m.

DATED DATE: Date of Delivery

DELIVERY DATE: June 19, 2014

INTEREST PAYMENT

DATES: January 15 and July 15, commencing January 15, 2015

CALL DATE: January 15, 2023 @ par for Bonds maturing on or after January 15, 2024.

MINIMUM BID: $4,250,000 (Par)

MAXIMUM BID: $4,590,000

BID SECURITY: Good Faith Check or wire transfer in the amount of $85,000 received by County (prior to

347


bidding) or Financial Surety Bond from Sure-Bid

BASIS OF AWARD: True Interest Cost

LEGAL OPINION: McManimon, Scotland & Baumann, LLC, Roseland, New Jersey

OFFERING STATEMENT: Preliminary Official Statement available at www.i-dealprospectus.com

NOTICE

NOTICE IS HEREBY GIVEN that bids will be received by the County of Morris, New Jersey (the "County") for the purchase of $4,250,000 original principal amount of the County’s County College Bonds, Series 2014 (County College Bond Act, P.L. 1971, c.12) (the "Bonds"). All Bids (as defined below) must be submitted in their entirety via “PARITY Electronic Bid System” (PARITY) prior to 11:00 a.m., New Jersey time on June 10, 2014 (the “Sale Date”). To bid, Bidders (as defined below) must have submitted a good faith check, wire or Financial Surety Bond, if available, payable to the County, in the amount of $85,000 by no later than 10:30 a.m. on the Bid Date (see Bidding Details below).

Preliminary and Final Official Statement

The County’s Preliminary Official Statement (the “POS”) is available for viewing in electronic format on PARITY. The PARITY address is www.i-dealprospectus.com. In addition, broker dealers registered with the National Association of Securities Dealers (the “NASD”) and dealer banks with The Depository Trust Company (“DTC”) clearing arrangements may either: (a) print out a copy of the POS on their own printer, or (b) at any time prior to the Sale Date, elect to receive a photocopy of the POS in the mail by requesting it by calling the County’s bond counsel, Matthew D. Jessup, Esq., of McManimon, Scotland & Baumann, LLC ("Bond Counsel"), 75 Livingston Avenue, Roseland, New Jersey 07068 (telephone no. 973-622-4850) or attention of Sandra S. Jessup, Paralegal (telephone no. 973-622-5258) or the County’s Financial Advisor, NW Capital Markets, Inc. (“Financial Advisor”), Doug Bacher or Heather Litzebauer, 2 Hudson Place, Hoboken, NJ 07030 (telephone no. 201-656-0115). All Bidders must review the POS and certify that they have done so prior to participating in the bidding.

The POS is deemed by the County to be final as of its date, for purposes of Rule 15c2-12(b)(1) under the Securities and Exchange Act of 1934, except for the omission of information concerning the offering price(s), interest rate(s), selling compensation, aggregate principal amount of the Bonds and any other terms or provisions to be determined from the successful Bid(s) or depending on such matters, and the identity of the underwriter(s). The POS is, however, subject to such further revisions, amendments and completion in a Final Official Statement (the "Final Official Statement") as may be necessary.

The County at its expense, will make available to the winning Bidder a reasonable number of Final Official Statements, within seven (7) business days following the date of acceptance of the Bid.

Types of Bids Allowed

Subject to the Bid requirements described below, Bids for the Bonds must be submitted on an "All-or-None" ("AON") basis for the entire amount of $4,250,000*. There will be only one CUSIP assigned to each annual maturity of the issue. First, a Bidder must submit a conforming Bid for the entire issue, and if such Bid is accepted by the County, the Bidder will be required to purchase the entire issue in accordance with such Bid.

Interest Payment Dates; Description of the Bonds

The Bonds will be dated their date of delivery and will bear interest from such date payable semiannually on each January 15 and July 15, commencing on January 15, 2015. Interest shall be computed on the basis of a 30-day month/360-day year.

Principal Amortization

The Bonds shall mature on January 15 as set forth in the following table:

348

http://www.i-dealprospectus.com/




Year Principal Amount Year Principal Amount*2015 $350,000 2021 $385,0002016 350,000 2022 385,0002017 350,000 2023 400,0002018 475,000 2024 385,0002019 385,000 2025 385,0002020 400,000

The actual principal amounts may be adjusted by the County in accordance with N.J.S.A. 40A:2-26(g). Any such adjustment shall not exceed 10% of the principal for any maturity with the aggregate adjustment to maturity not to exceed 10% of the principal for the overall issue.

Book Entry Only

The Bonds will be issued in book-entry form only, initially in the name of CEDE & Co., as nominee of DTC. Purchasers will not receive certificates representing their interests in the Bonds. Individual purchases will be in the principal amount of $5,000 and integral multiples thereof except, where necessary, also in the amount of $1,000. Payments of principal of, and interest and redemption premium, if any, due on the Bonds will be made by the County or its designated paying agent to DTC for subsequent disbursement to DTC participants to then be remitted to the beneficial owners of the Bonds.

Redemption Provisions


Notice of Redemption shall be given by mailing by first class mail in a sealed envelope with postage prepaid to the registered owners of the bonds not less than thirty (30) days, nor more than sixty (60) days prior to the date fixed for redemption. Such mailing shall be to the owners of such bonds at their respective addresses as they last appear on the registration books kept for that purpose by the County or a duly appointed Bond Registrar. Any failure of the depository to advise any of its participants or any failure of any participant to notify any beneficial owner of any notice of redemption shall not affect the validity of the redemption proceedings. If the County determines to redeem a portion of the bonds prior to maturity, the bonds to be redeemed shall be selected by the County; the bonds to be redeemed having the same maturity shall be selected by the securities depository in accordance with its regulations.

So long as CEDE & Co., as nominee of DTC, is the registered owner of the Bonds, the County shall send redemption notices only to CEDE & Co.

If Notice of Redemption has been given as provided herein, the bonds or the portion thereof called for redemption shall be due and payable on the date fixed for redemption at the Redemption Price, together with accrued interest to the date fixed for redemption. Interest shall cease to accrue on the bonds after the date fixed for redemption and no further interest shall accrue beyond the redemption date. Payment shall be made upon surrender of the bonds redeemed.

Term Bond Option

Bidders may elect to structure the issue to include term bonds (the “Term Bond Option”), which term bonds, if selected by the bidder, will be subject to mandatory redemption prior to maturity, in the years and amounts shown above as serial maturities, upon payment of one hundred percent (100%) of the principal amount of the Bonds to be redeemed, together with accrued interest to the date fixed for such mandatory redemption of such amounts. If the Bonds are awarded and no term bonds are designated in the Winning Bid (as defined herein), the Bonds will mature serially as shown in the preceding schedule.

Terms of PARITY

Each electronic proposal must be submitted via PARITY. No bidder will see any other bidder’s bid, nor will any bidder see the status of its bid

349


relative to other bids (e.g., whether its bid is a leading bid). To the extent any instructions or directions set forth on PARITY conflict with this Notice of Sale, the terms of this Notice of Sale shall control. For further information about PARITY, potential bidders may contact PARITY at I-Deal at (212) 404-8102. The County may, but is not obligated to, acknowledge its acceptance in writing of any bid submitted electronically via PARITY. In the event that a bid for the Bonds is submitted via PARITY, the bidder further agrees that: The County may regard the electronic transmission of the bid via PARITY (including information about the purchase price of the Bonds, the interest rate or rates to be borne by the various maturities of the Bonds specified, the initial public offering price of each maturity of the Bonds and any other information included in such transmission) as though the same information were submitted on the official “Proposal for Bonds” provided by the County and executed by a duly authorized signatory of the bidder. If a bid submitted electronically via PARITY is accepted by the County, the terms of the official “Proposal for Bonds” and this Notice of Sale and the information that is electronically transmitted via PARITY shall form a contract, and the successful bidder shall be bound by the terms of such contract.

PARITY is not an agent of the County, and the County shall have no liability whatsoever based on any bidder’s use of PARITY, including but not limited to any failure by PARITY to correctly or timely transmit information provided by the County or information provided by the bidder.

The County may choose to discontinue use of electronic bidding via PARITY by issuing a notification to such effect via TM3 News Services, or by other available means, no later than 3:00 p.m., Eastern Time, on the last business date prior to the Sale Date.

Once the bids are communicated electronically via PARITY to the County, each bid will constitute an official “Proposal for Bonds” and shall be deemed to be an irrevocable offer to purchase the Bonds on the terms provided in this Notice of Sale. For purposes of submitting all “Proposals for Bonds,” whether electronically or sealed, the time as maintained on PARITY shall constitute the official time.

Each bidder shall be solely responsible to make necessary arrangements to access PARITY for purposes of submitting its bid in a timely manner and in compliance with the requirements of this Notice of Sale. Neither the County nor i-Deal shall have any duty or obligation to provide or assure to any bidder, and neither the County nor i-Deal shall be responsible for the proper operation of, or have any liability for any delays or interruptions of, or any damages caused by, PARITY. The County is using PARITY as a communication mechanism, and not as the County’s agent, to conduct the electronic bidding for the Bonds. By using PARITY, each bidder agrees to hold the County harmless for any harm or damages caused to such bidder in connection with its use of PARITY for bidding on the Bonds.

Bidding Details

Bidders should be aware of the following bidding details associated with the sale of the Bonds:

1) BIDDERS MUST SUBMIT A GOOD FAITH CHECK, WIRE TRANSFER OR A FINANCIAL SURETY BOND IN THE AMOUNT OF $85,000 PAYABLE TO THE COUNTY NO LATER THAN 10:30 A.M. ON THE SALE DATE. HOWEVER, BIDDERS ARE ENCOURAGED TO SUBMIT CHECKS OR WIRES ON THE DAY PRIOR TO THE SALE DATE TO ASSURE RECEIPT OF PAYMENT BY THE COUNTY AT THE FOLLOWING ADDRESS:

Glenn RoeDirector of Finance/County TreasurerCounty of Morris

Administration Building/P.O. Box 900Morristown, NJ 07963

BIDDERS SUBMITTING GOOD FAITH CHECKS SHOULD ALSO ENCLOSE A RETURN ENVELOPE FOR USE BY THE COUNTY. BIDDERS SUBMITTING A WIRE SHOULD CONTACT THE COUNTY’S BOND COUNSEL, MATTHEW D. JESSUP, ESQ. (TELEPHONE NO. 973-622-4850) OR SANDRA S. JESSUP, PARALEGAL (TELEPHONE NO. 973-622-5258) OR THE FINANCIAL ADVISOR, DOUG BACHER OR HEATHER LITZEBAUER (TELEPHONE NO. 201-656-0115) TO OBTAIN THE WIRING INSTRUCTIONS.

350


UNSUCCESSFUL BIDDERS SUBMITTING THE GOOD FAITH DEPOSIT BY WIRE TRANSFER SHALL, NO LATER THAN THE CLOSE OF BUSINESS ON THE SALE DATE OF THE BONDS, PROVIDE THE DIRECTOR OF FINANCE IN WRITING WITH WIRING INSTRUCTIONS FOR THE RETURN OF SUCH UNSUCCESSFUL BIDDER’S GOOD FAITH DEPOSIT. IN THE EVENT THAT THE COUNTY FAILS TO RETURN ANY GOOD FAITH WIRES IN A TIMELY FASHION, THE COUNTY SHALL NOT BE LIABLE FOR MONETARY DAMAGES, REMEDY BEING HEREBY SPECIFICALLY LIMITED TO SPECIFIC PERFORMANCE.

2) All Bids must be submitted on the PARITY. No telephone, telefax, telegraph or personal delivery Bids will be accepted.

3) All Bids for the Bonds must be submitted on an AON basis. Bidders may change and submit Bids as provided for herein, but a submitted Bid may not be withdrawn.

4) No Bid will be considered if the Bid is to purchase Bonds at a price less than 100% of the principal amount thereof, or greater than 108% of the principal amount thereof.

5) Each proposal submitted must name the rate or rates of interest per annum to be borne by the Bonds and the rate or rates named must be multiples of 1/8 or 1/20 of 1%. The difference between the highest and lowest interest rates named in the Bid shall not exceed three percent (3%) per annum. Not more than one rate may be named for Bonds of the same maturity. There is no limitation on the number of rates that may be named. Each proposal submitted must state the purchase price, which must be not less than par, and not more than 108% of par. The Bonds will be awarded to the bidder on whose bid the total loan may be made at the lowest true interest cost (“TIC”). Such TIC shall be calculated as described below. No proposal shall be considered that offers to pay an amount less than the principal amount of Bonds offered for sale or under which the total loan is made at a TIC higher than the lowest TIC to the County under any legally acceptable proposal. The purchaser must also pay an amount equal to the interest on the Bonds accrued to the date of payment of the purchase price, if applicable.

6) Bidders are only permitted to submit Bids for the Bonds during the bidding period.

Definitions

"Bid" any confirmed purchase offer received by PARITY on or before the proposal submission deadline.

"Bidder" any firm registered and approved for participation in sale.

"True Interest Cost (TIC)" true interest cost shall be computed in each instance by

determining the interest rate, compounded semi-annually, necessary to discount the debt service payments to the date of the bonds and to the price bid, excluding interest accrued to the delivery date. The TIC serves as the basis for awarding bonds to the winning Bidder.

"Winning Bid" any purchase offer made by a Bidder and received by PARITY that, at the end of the bidding time period, results

in the lowest TIC that is acceptable to the County.

Bid Procedure and Basis of Award

Subject to the right reserved by the County to reject any or all Bids, the Bonds will be sold to the Bidder whose Bid produces the lowest TIC for the County and otherwise complies with the Notice of Sale.

Bids must remain valid until at least 2:00 p.m., prevailing time, on the Sale Date, and if accepted by the County, prior to such time, shall be irrevocable except as otherwise provided in the Notice of Sale. Upon selection of the winning Bidder, the County will execute an award certificate to award the Bonds and will promptly communicate with the winning Bidder by telephone, e-mail or fax.

Bid Security and Method of Payment for Bonds

351


A Good Faith Deposit ("Deposit") in the form of a certified or cashier’s check, wire transfer (wiring instructions can be obtained from the County’s Bond Counsel or Financial Advisor) or a Financial Surety Bond in the amount of $85,000, payable to the order of the County, is required for each bid to be considered. If a check is used, it must be a certified treasurer’s or cashier’s check and must be provided to the County prior to 10:30 a.m. on the Sale Date for bids to be submitted. If a wire transfer is used, such wire must be received by the County prior to 10:30 a.m. on the Sale Date. Each bidder accepts responsibility for delivering such check or wire on time and the County is not responsible for any check or wire that is not received on time. If a Financial Surety Bond is used, it must be from an insurance company licensed to issue such a bond in the State of New Jersey and approved by the Director of the Division of Government Services of New Jersey (the "Director") and such bond must be submitted to the County prior to 10:30 a.m. on the Sale Date at the address referred to above. At present, the Director has approved the use of Sure-Bid, a division of Financial Security Assurance Inc. Use of any other Financial Surety Bond must be approved by the Director prior to the bid and will not be accepted by the County unless evidence of such approval is provided prior to the bid. The Financial Surety Bond must identify the bidder whose Deposit is guaranteed by such Financial Surety Bond. If the Bonds are awarded to a bidder utilizing a Financial Surety Bond, then that purchaser (the "Purchaser") is required to submit its Deposit to the County by wire transfer as instructed by the County not later than 3:30 p.m. on the next business day following the Sale Date. If such Deposit is not received by that time, the Financial Surety Bond may be drawn by the County to satisfy the Deposit requirement. No interest on the Deposit will accrue to the Purchaser. The Deposit will be applied to the purchase price of the Bonds. In the event the Purchaser fails to honor its accepted bid, the Deposit will be retained by the County. Award of the Bonds to the successful Bidder or rejection of all Bids is expected to be made within two hours after opening of the bids, but such successful Bidder may not withdraw its proposal until after 2:00 p.m. on the Sale Date and then only if such award has not been made prior to the withdrawal. The balance of the purchase price shall be paid in Federal Funds by wire transfer to the County on or about the delivery date.

Right to Reject Bids; Waive Irregularities

The County reserves the right to reject any and all Bids and to the extent permitted by law to waive any irregularity or informality in any Bid.

Information Required from the Winning Bidder

By making a bid for the Bonds, the winning bidder(s) agrees: (a) to provide to the County, in writing, immediately upon being unofficially awarded the Bonds, a written confirmation of the bid, which shall include the purchase price, reoffering yield(s), and other related information necessary for completion of the final Official Statement, the Financial Advisor and by Bond Counsel; (b) to disseminate to all members of the underwriting syndicate copies of the Official Statement; (c) to promptly file a copy of the final Official Statement with the Municipal Securities Rulemaking Board; and (d) to take any and all other actions necessary to comply with applicable Securities and Exchange Commission and Municipal Securities Rulemaking Board rules governing the offering, sale and delivery of the Bonds to alternate purchasers.

Delivery of the Bonds

The Bonds will be delivered on or about the Delivery Date (UNLESS A NOTICE OF A CHANGE IN THE DELIVERY DATE IS PUBLISHED ON MUNIAUCTION NOT LATER THAN 2 HOURS PRIOR TO ANY ANNOUNCED DATE FOR RECEIPT OF BIDS) in Jersey City, New Jersey at DTC against payment of the purchase price therefor (less the amount of the good faith deposit) in Federal funds.

There will also be furnished the usual closing papers, including (1) a certificate signed by the officials who signed the Bonds stating that no litigation of any kind is now pending or, to their knowledge, threatened to restrain or enjoin the issuance or delivery of the Bonds, or in any manner questioning the proceedings and authorization under which the Bonds are issued or affecting the validity of the Bonds and (2) a certificate signed by the County relating to the official statement.

CUSIP Numbers

352


CUSIP numbers will be applied for with respect to the Bonds, but the County will assume no obligation for the assignment or printing of such numbers on the Bonds or for the correctness of such numbers, and neither the failure to print such numbers on any bond nor any error with respect thereto shall constitute cause for a failure or refusal by the purchasers thereof to accept delivery of and make payment for the Bonds. The CUSIP Service Bureau charge for the assignment of the numbers shall be the responsibility of and shall be paid for by the winning Bidder.

Legal Opinions

The approving opinions of McManimon, Scotland & Baumann, LLC, Bond Counsel to the County, will be furnished without cost to the winning Bidder.

Postponement

The County reserves the right to postpone, from time to time, the date and time established for receipt of Bids. ANY SUCH POSTPONEMENT WILL BE PUBLISHED OR POSTED, BEFORE 9:00 A.M. ON THE SALE DATE. If any date fixed for the receipt of Bids and the sale of the Bonds is postponed, an alternative sale date will be announced via PARITY at least forty-eight (48) hours prior to such alternative sale date. On any such alternative sale date, any Bidder may submit a Bid for the purchase of the Bonds in conformity in all respects with the provisions of the Notice of Sale, except for the date of sale and except for the changes announced on PARITY at the time the sale date and time are announced.

Additional Information

For further information relating to the Bonds, reference is made to the POS prepared for and authorized by the County. The Notice of Sale and the POS may be viewed on PARITY. However, the County makes no assurance or representation with respect to the form of the Notice of Sale and the POS on PARITY, and no investment decision should be made in reliance thereon. Printed copies of the POS and the Notice of Sale may be obtained from the Financial Advisor or Bond Counsel at the address and the phone numbers stated above. For additional information relating to the sale please contact PARITY at (212) 404-8102. Additional information relating to the financing of the County can be obtained by contacting the undersigned Director of Finance at (973) 285-6085 or email at [email protected] or the County’s Financial Advisor.

COUNTY OF MORRISBy: Glenn Roe, Director of Finance

Dated: May ___, 2014

Exhibit B

(Notice of Sale to be Published in Local Newspaper)

NOTICE OF SALE$4,250,000

COUNTY COLLEGE BONDS, SERIES 2014(County College Bond Act, P.L. 1971, c.12)

OF THECOUNTY OF MORRIS, NEW JERSEY

(Book-Entry Only Bonds)/(Callable)/(Not Bank Qualified)

SUMMARY

ISSUER: County of Morris, New Jersey

PAR AMOUNT: $4,250,000*

SECURITY: General Obligations of the County

TAX EXEMPT: Yes

RATING: Moody’s and Standard & Poor’s ratings to be assigned.

TYPE OF SALE: Electronic proposals via PARITY Electronic Bid System (PARITY) of I-Deal, LLC (“I-Deal”). See “Bidding

Details” herein.

353

mailto:[email protected]


AGENT: PARITY – Electronic proposals will be received via the PARITY Electronic Bid System (“PARITY”) of

I-Deal

SALE DATE & BID TIME: June 10, 2014 until 11:00 a.m. local time, at which time they will be publicly opened, received and announced. Award by 2:00 p.m.

DATED DATE: Date of Delivery

DELIVERY DATE: June 19, 2014

INTEREST PAYMENT DATES: January 15 and July 15, commencing January 15, 2015

CALL DATE: January 15, 2023 @ par for Bonds maturing on or after January 15, 2024.

MINIMUM BID: $4,250,000 (Par)

MAXIMUM BID: $4,590,000

BID SECURITY: Good Faith Check or wire transfer in the amount of $85,000 received by County (prior to bidding) or Financial Surety Bond from Sure-Bid

BASIS OF AWARD: True Interest Cost

LEGAL OPINION: McManimon, Scotland & Baumann, LLC, Roseland, New Jersey

OFFERING STATEMENT: Preliminary Official Statement available at www.i-dealprospectus.com

NOTICE

NOTICE IS HEREBY GIVEN that bids will be received by the County of Morris, New Jersey (the "County") for the purchase of $4,250,000 original principal amount of the County’s County College Bonds, Series 2014 (County College Bond Act, P.L. 1971, c.12) (the "Bonds"). All Bids (as defined below) must be submitted in their entirety via “PARITY Electronic Bid System” (PARITY) prior to 11:00 a.m., New Jersey time on June 10, 2014 (the “Sale Date”). To bid, Bidders (as defined below) must have submitted a good faith check, wire or Financial Surety Bond, if available, payable to the County, in the amount of $85,000 by no later than 10:30 a.m. on the Bid Date (see Bidding Details below).

Preliminary and Final Official Statement

The County’s Preliminary Official Statement (the “POS”) is available for viewing in electronic format on PARITY. The PARITY address is www.i-dealprospectus.com. In addition, broker dealers registered with the National Association of Securities Dealers (the “NASD”) and dealer banks with The Depository Trust Company (“DTC”) clearing arrangements may either: (a) print out a copy of the POS on their own printer, or (b) at any time prior to the Sale Date, elect to receive a photocopy of the POS in the mail by requesting it by calling the County’s bond counsel, Matthew D. Jessup, Esq., of McManimon, Scotland & Baumann, LLC ("Bond Counsel"), 75 Livingston Avenue, Roseland, New Jersey 07068 (telephone no. 973-622-4850) or attention of Sandra S. Jessup, Paralegal (telephone no. 973-622-5258) or the County’s Financial Advisor, NW Capital Markets, Inc. (“Financial Advisor”), Doug Bacher or Heather Litzebauer, 2 Hudson Place, Hoboken, NJ 07030 (telephone no. 201-656-0115). All Bidders must review the POS and certify that they have done so prior to participating in the bidding.

The POS is deemed by the County to be final as of its date, for purposes of Rule 15c2-12(b)(1) under the Securities and Exchange Act of 1934, except for the omission of information concerning the offering price(s), interest rate(s), selling compensation, aggregate principal amount of the Bonds and any other terms or provisions to be determined from the successful Bid(s) or depending on such matters, and the identity of the underwriter(s). The POS is, however, subject to such further revisions, amendments and completion in a Final Official Statement (the "Final Official Statement") as may be necessary.

354





The County at its expense, will make available to the winning Bidder a reasonable number of Final Official Statements, within seven (7) business days following the date of acceptance of the Bid.

Types of Bids Allowed

Subject to the Bid requirements described below, Bids for the Bonds must be submitted on an "All-or-None" ("AON") basis for the entire amount of $4,250,000*. There will be only one CUSIP assigned to each annual maturity of the issue. First, a Bidder must submit a conforming Bid for the entire issue, and if such Bid is accepted by the County, the Bidder will be required to purchase the entire issue in accordance with such Bid.

Interest Payment Dates; Description of the Bonds

The Bonds will be dated their date of delivery and will bear interest from such date payable semiannually on each January 15 and July 15, commencing on January 15, 2015. Interest shall be computed on the basis of a 30-day month/360-day year.

Principal Amortization

The Bonds shall mature on January 15 as set forth in the following table:

Year Principal Amount Year Principal Amount*2015 $350,000 2021 $385,0002016 350,000 2022 385,0002017 350,000 2023 400,0002018 475,000 2024 385,0002019 385,000 2025 385,0002020 400,000

The actual principal amounts may be adjusted by the County in accordance with N.J.S.A. 40A:2-26(g). Any such adjustment shall not exceed 10% of the principal for any maturity with the aggregate adjustment to maturity not to exceed 10% of the principal for the overall issue.

Book Entry Only

The Bonds will be issued in book-entry form only, initially in the name of CEDE & Co., as nominee of DTC. Purchasers will not receive certificates representing their interests in the Bonds. Individual purchases will be in the principal amount of $5,000 and integral multiples thereof except, where necessary, also in the amount of $1,000. Payments of principal of, and interest and redemption premium, if any, due on the Bonds will be made by the County or its designated paying agent to DTC for subsequent disbursement to DTC participants to then be remitted to the beneficial owners of the Bonds.

Redemption Provisions


Notice of Redemption shall be given by mailing by first class mail in a sealed envelope with postage prepaid to the registered owners of the bonds not less than thirty (30) days, nor more than sixty (60) days prior to the date fixed for redemption. Such mailing shall be to the owners of such bonds at their respective addresses as they last appear on the registration books kept for that purpose by the County or a duly appointed Bond Registrar. Any failure of the depository to advise any of its participants or any failure of any participant to notify any beneficial owner of any notice of redemption shall not affect the validity of the redemption proceedings. If the County determines to redeem a portion of the bonds prior to maturity, the bonds to be redeemed shall be selected by the County; the bonds to be redeemed having the same maturity shall be selected by the securities depository in accordance with its regulations.

So long as CEDE & Co., as nominee of DTC, is the registered owner of the Bonds, the County shall send redemption notices only to CEDE & Co.

If Notice of Redemption has been given as provided herein, the bonds or the portion thereof called for redemption shall be due and payable on the date

355


fixed for redemption at the Redemption Price, together with accrued interest to the date fixed for redemption. Interest shall cease to accrue on the bonds after the date fixed for redemption and no further interest shall accrue beyond the redemption date. Payment shall be made upon surrender of the bonds redeemed.

Term Bond Option

Bidders may elect to structure the issue to include term bonds (the “Term Bond Option”), which term bonds, if selected by the bidder, will be subject to mandatory redemption prior to maturity, in the years and amounts shown above as serial maturities, upon payment of one hundred percent (100%) of the principal amount of the Bonds to be redeemed, together with accrued interest to the date fixed for such mandatory redemption of such amounts. If the Bonds are awarded and no term bonds are designated in the Winning Bid (as defined herein), the Bonds will mature serially as shown in the preceding schedule.

Bidding Details

Bidders should be aware of the following bidding details associated with the sale of the Bonds:

1) BIDDERS MUST SUBMIT A GOOD FAITH CHECK, WIRE TRANSFER OR A FINANCIAL SURETY BOND IN THE AMOUNT OF $85,000 PAYABLE TO THE COUNTY NO LATER THAN 10:30 A.M. ON THE SALE DATE. HOWEVER, BIDDERS ARE ENCOURAGED TO SUBMIT CHECKS OR WIRES ON THE DAY PRIOR TO THE SALE DATE TO ASSURE RECEIPT OF PAYMENT BY THE COUNTY AT THE FOLLOWING ADDRESS:

Glenn RoeDirector of Finance/County TreasurerCounty of MorrisAdministration Building/P.O. Box 900Morristown, NJ 07963

BIDDERS SUBMITTING GOOD FAITH CHECKS SHOULD ALSO ENCLOSE A RETURN ENVELOPE FOR USE BY THE COUNTY. BIDDERS SUBMITTING A WIRE SHOULD CONTACT THE COUNTY’S BOND COUNSEL, MATTHEW D. JESSUP, ESQ. (TELEPHONE NO. 973-622-4850) OR SANDRA S. JESSUP, PARALEGAL (TELEPHONE NO. 973-622-5258) OR THE FINANCIAL ADVISOR, DOUG BACHER OR HEATHER LITZEBAUER (TELEPHONE NO. 201-656-0115) TO OBTAIN THE WIRING INSTRUCTIONS.

UNSUCCESSFUL BIDDERS SUBMITTING THE GOOD FAITH DEPOSIT BY WIRE TRANSFER SHALL, NO LATER THAN THE CLOSE OF BUSINESS ON THE SALE DATE OF THE BONDS, PROVIDE THE DIRECTOR OF FINANCE IN WRITING WITH WIRING INSTRUCTIONS FOR THE RETURN OF SUCH UNSUCCESSFUL BIDDER’S GOOD FAITH DEPOSIT. IN THE EVENT THAT THE COUNTY FAILS TO RETURN ANY GOOD FAITH WIRES IN A TIMELY FASHION, THE COUNTY SHALL NOT BE LIABLE FOR MONETARY DAMAGES, REMEDY BEING HEREBY SPECIFICALLY LIMITED TO SPECIFIC PERFORMANCE.

2) All Bids must be submitted on the PARITY. No telephone, telefax, telegraph or personal delivery Bids will be accepted.

3) All Bids for the Bonds must be submitted on an AON basis. Bidders may change and submit Bids as provided for herein, but a submitted Bid may not be withdrawn.

4) No Bid will be considered if the Bid is to purchase Bonds at a price less than 100% of the principal amount thereof, or greater than 108% of the principal amount thereof.

5) Each proposal submitted must name the rate or rates of interest per annum to be borne by the Bonds and the rate or rates named must be multiples of 1/8 or 1/20 of 1%. The difference between the highest and lowest interest rates named in the Bid shall not exceed three percent (3%) per annum. Not more than one rate may be named for Bonds of the same maturity. There is no limitation on the number of rates that may be named. Each proposal submitted must state the purchase price, which must be not less than par, and not more than 108% of par. The Bonds will be awarded to the bidder on whose bid the total loan may be made at the lowest true interest cost (“TIC”). Such TIC shall be calculated as described below. No proposal shall be considered that offers to pay an amount less than the principal amount of Bonds offered for sale or under which the total loan is made at a TIC higher than the lowest TIC to the

356


County under any legally acceptable proposal. The purchaser must also pay an amount equal to the interest on the Bonds accrued to the date of payment of the purchase price, if applicable.

6) Bidders are only permitted to submit Bids for the Bonds during the bidding period.

Definitions

"Bid" any confirmed purchase offer received by PARITY on or before the proposal submission deadline.

"Bidder" any firm registered and approved for participation in sale.

"True Interest Cost (TIC)" true interest cost shall be computed in each instance by

determining the interest rate, compounded semi-annually, necessary to discount the debt service payments to the date of the bonds and to the price bid, excluding interest accrued to the delivery date. The TIC serves as the basis for awarding bonds to the winning Bidder.

"Winning Bid" any purchase offer made by a Bidder and received by PARITY that, at the end of the bidding time period, results

in the lowest TIC that is acceptable to the County.

Bid Procedure and Basis of Award

Subject to the right reserved by the County to reject any or all Bids, the Bonds will be sold to the Bidder whose Bid produces the lowest TIC for the County and otherwise complies with the Notice of Sale.

Bids must remain valid until at least 2:00 p.m., prevailing time, on the Sale Date, and if accepted by the County, prior to such time, shall be irrevocable except as otherwise provided in the Notice of Sale. Upon selection of the winning Bidder, the County will execute an award certificate to award the Bonds and will promptly communicate with the winning Bidder by telephone, e-mail or fax.

Bid Security and Method of Payment for Bonds

A Good Faith Deposit ("Deposit") in the form of a certified or cashier’s check, wire transfer (wiring instructions can be obtained from the County’s Bond Counsel or Financial Advisor) or a Financial Surety Bond in the amount of $85,000, payable to the order of the County, is required for each bid to be considered. If a check is used, it must be a certified treasurer’s or cashier’s check and must be provided to the County prior to 10:30 a.m. on the Sale Date for bids to be submitted. If a wire transfer is used, such wire must be received by the County prior to 10:30 a.m. on the Sale Date. Each bidder accepts responsibility for delivering such check or wire on time and the County is not responsible for any check or wire that is not received on time. If a Financial Surety Bond is used, it must be from an insurance company licensed to issue such a bond in the State of New Jersey and approved by the Director of the Division of Government Services of New Jersey (the "Director") and such bond must be submitted to the County prior to 10:30 a.m. on the Sale Date at the address referred to above. At present, the Director has approved the use of Sure-Bid, a division of Financial Security Assurance Inc. Use of any other Financial Surety Bond must be approved by the Director prior to the bid and will not be accepted by the County unless evidence of such approval is provided prior to the bid. The Financial Surety Bond must identify the bidder whose Deposit is guaranteed by such Financial Surety Bond. If the Bonds are awarded to a bidder utilizing a Financial Surety Bond, then that purchaser (the "Purchaser") is required to submit its Deposit to the County by wire transfer as instructed by the County not later than 3:30 p.m. on the next business day following the Sale Date. If such Deposit is not received by that time, the Financial Surety Bond may be drawn by the County to satisfy the Deposit requirement. No interest on the Deposit will accrue to the Purchaser. The Deposit will be applied to the purchase price of the Bonds. In the event the Purchaser fails to honor its accepted bid, the Deposit will be retained by the County. Award of the Bonds to the successful Bidder or rejection of all Bids is expected to be made within two hours after opening of the bids, but such successful Bidder may not withdraw its proposal until after 2:00 p.m. on the Sale Date and then only if such award has not been made prior to the withdrawal. The balance of the purchase price shall be

357


paid in Federal Funds by wire transfer to the County on or about the delivery date.

Right to Reject Bids; Waive Irregularities

The County reserves the right to reject any and all Bids and to the extent permitted by law to waive any irregularity or informality in any Bid.

Information Required from the Winning Bidder

By making a bid for the Bonds, the winning bidder(s) agrees: (a) to provide to the County, in writing, immediately upon being unofficially awarded the Bonds, a written confirmation of the bid, which shall include the purchase price, reoffering yield(s), and other related information necessary for completion of the final Official Statement, the Financial Advisor and by Bond Counsel; (b) to disseminate to all members of the underwriting syndicate copies of the Official Statement; (c) to promptly file a copy of the final Official Statement with the Municipal Securities Rulemaking Board; and (d) to take any and all other actions necessary to comply with applicable Securities and Exchange Commission and Municipal Securities Rulemaking Board rules governing the offering, sale and delivery of the Bonds to alternate purchasers.

Delivery of the Bonds

The Bonds will be delivered on or about the Delivery Date (UNLESS A NOTICE OF A CHANGE IN THE DELIVERY DATE IS PUBLISHED ON MUNIAUCTION NOT LATER THAN 2 HOURS PRIOR TO ANY ANNOUNCED DATE FOR RECEIPT OF BIDS) in Jersey City, New Jersey at DTC against payment of the purchase price therefor (less the amount of the good faith deposit) in Federal funds.

There will also be furnished the usual closing papers, including (1) a certificate signed by the officials who signed the Bonds stating that no litigation of any kind is now pending or, to their knowledge, threatened to restrain or enjoin the issuance or delivery of the Bonds, or in any manner questioning the proceedings and authorization under which the Bonds are issued or affecting the validity of the Bonds and (2) a certificate signed by the County relating to the official statement.

CUSIP Numbers

CUSIP numbers will be applied for with respect to the Bonds, but the County will assume no obligation for the assignment or printing of such numbers on the Bonds or for the correctness of such numbers, and neither the failure to print such numbers on any bond nor any error with respect thereto shall constitute cause for a failure or refusal by the purchasers thereof to accept delivery of and make payment for the Bonds. The CUSIP Service Bureau charge for the assignment of the numbers shall be the responsibility of and shall be paid for by the winning Bidder.

Legal Opinions

The approving opinions of McManimon, Scotland & Baumann, LLC, Bond Counsel to the County, will be furnished without cost to the winning Bidder.Postponement

The County reserves the right to postpone, from time to time, the date and time established for receipt of Bids. ANY SUCH POSTPONEMENT WILL BE PUBLISHED OR POSTED, BEFORE 9:00 A.M. ON THE SALE DATE. If any date fixed for the receipt of Bids and the sale of the Bonds is postponed, an alternative sale date will be announced via PARITY at least forty-eight (48) hours prior to such alternative sale date. On any such alternative sale date, any Bidder may submit a Bid for the purchase of the Bonds in conformity in all respects with the provisions of the Notice of Sale, except for the date of sale and except for the changes announced on PARITY at the time the sale date and time are announced.

Additional Information

For further information relating to the Bonds, reference is made to the POS prepared for and authorized by the County. The Notice of Sale and the POS may be viewed on PARITY. However, the County makes no assurance or representation with respect to the form of the Notice of Sale and the POS on PARITY, and no investment decision should be made in reliance thereon. Printed copies of the POS and the Notice of Sale may be obtained from the

358


Financial Advisor or Bond Counsel at the address and the phone numbers stated above. For additional information relating to the sale please contact PARITY at (212) 404-8102. Additional information relating to the financing of the County can be obtained by contacting the undersigned Director of Finance at (973) 285-6085 or email at [email protected] or the County’s Financial Advisor.

COUNTY OF MORRISBy: Glenn Roe, Director of Finance

Dated: May ___, 2014

Exhibit C

(Notice of Sale to be Published in The Bond Buyer)

NOTICE OF SALE

$4,250,000*COUNTY COLLEGE BONDS, SERIES 2014

(County College Bond Act, P.L. 1971, c.12)OF THE

COUNTY OF MORRIS, NEW JERSEY(Book-Entry Only Bonds)/(Callable)/(Not Bank Qualified)

SUMMARY

Dated: Date of Delivery – On or about June 19, 2014Bid Date and Time: June 10, 2014 at 11:00 a.m. and award by 2:00 p.m.Type of Sale: PARITYInterest: Multiple Interest Rates - multiples of 1/8 or 1/20 of 1% Legal Opinion: McManimon, Scotland & Baumann, LLC, Roseland, NJBid Security: Good Faith Check, wire transfer, or Financial Surety

Bond must be received by the County by 10:30 a.m. prior to bidding in the amount of $85,000Maturity Schedule: January 15 as set forth in the following table:

Year Principal Amount* Year Principal Amount*2015 $350,000 2021 $385,0002016 350,000 2022 385,0002017 350,000 2023 400,0002018 475,000 2024 385,0002019 385,000 2025 385,0002020 400,000Preliminary Official Statement, Notice of Sale and other details available at www.I-dealprospectus.com_______________________________*Preliminary, subject to change

--(45)


WHEREAS, an emergency condition exists affecting the health and safety of the citizens of the County of Morris, and

WHEREAS, a mold condition exists at the Morris County Correctional Facility, requiring environmental mold remediation;



2. The Treasurer is authorized to issue payment in the amount of $275,000.00 to:

B & G Restoration, Inc.105 Ryerson Road Lincoln Park, NJ 07035 VENDOR #: 1332

359


mailto:[email protected]


Said payment shall be charged to Account #02-213-41-806815-391


--

County Counsel O’Mullan read the following resolution to be added to the list of resolutions:

--(46)

WHEREAS, JCP&L has proposed a Montville-Whippany Reinforcement Project that will add new structures to the existing seven mile transmission corridor and build a new power line between the existing Montville Substation and the Whippany Substation in East Hanover; and,

WHEREAS, the Board of Chosen Freeholders is cognizant of the concerns of the citizens of each of the four impacted municipalities; and,

WHEREAS, the Township of Montville on May 13, 2014 adopted Resolution #2014 strongly opposing the construction and placement of new monopoles for the project outside the footprint for the existing lattice utility poles in the current utility right of way; and,

WHEREAS, the Board of Chosen Freeholders on May 14, 2014 adopted Resolution #54 regarding this issue; and,

WHEREAS, the Board of Chosen Freeholders has no legal authority to decide issues related to the location of power lines;

NOW, THEREFORE, BE IT RESOLVED, by the Board of Chosen Freeholders of the County of Morris in the State of New Jersey, as follows:

1. The Board recognizes the need to address the concerns of the residents of Montville, Parsippany-Troy Hills, Hanover and East Hanover Townships with respect to this issue as well as the need of Jersey Central Power and Light to provide services to all its subscribers.

2. The Board strongly urges both Jersey Central Power and Light and the municipal officials of Montville, Hanover, East Hanover and Parsippany-Troy Hills Townships to work together and formulate a resolution to this problem which addresses the concerns of the residents and supports the needs of the power utility’s subscribers in accordance with Resolution No. 54 adopted by this Board on May 14, 2014.

--

Freeholder Lyon made a motion to adopt Resolution Nos. 1 through 46. This was seconded by Freeholder Scapicchio. The Clerk called and recorded the following vote:

YES: Freeholders Cabana, Cesaro (except to ABSTAIN on No. 37), DeFillippo, Krickus, Lyon, Scapicchio and Director Mastrangelo (7)

FREEHOLDER COMMENTS

Each Freeholder spoke about his/her liaison duties.

--

BILL RESOLUTION

BE IT HEREBY RESOLVED that the bills as shown on the Schedule of Warrants all having been approved by the proper committees of officials where legally required, be and the same are hereby authorized to be paid. The Schedule of Warrants designated as Bill Resolution #10-14 totals $4,960,584.59 dated and made a part hereof by reference.

Freeholder Lyon moved the adoption of the Bill Resolution. The motion was seconded by Freeholder Cabana, and the following vote was recorded:

360


YES: Freeholders Cabana, Cesaro, DeFillippo, Krickus, Lyon,Scapicchio and Director Mastrangelo (7)

--

ADJOURNMENT

There was no further business. On motion by Freeholder Lyon and seconded by Freeholder Krickus, the meeting adjourned at 7:40 p.m.

Respectfully submitted,

Diane M. KetchumClerk of the Board

361

fh meeting minutes - 2014-05-28

Documents