LAVALLETTE — The borough council on Aug. 1 approved a bond ordinance that would authorize the issuing of $3.7 million in bonds to replace the borough’s potable water supply well.
The ordinance would allocate the funds to replace the well on York Avenue, including the electrical system associated with the well and water treatment plant, and the redevelopment of a potable water supply well.
Through this project, the borough is responding to an increase in water demand, along with problems in the existing well, which the borough attempted to rehabilitate two years ago, though a long-term solution was not found.
ADVERTISEMENT
“That well project that we introduced a bond ordinance for just continues to skyrocket, and it’s really scared me and scared other members of the council,” said Mayor Walter LaCicero.
“We’re over $3.5 million on these projects and, honestly, it’s scaring the daylights out of me. It started out as $1.5 million, and really started out two years ago as a refurbishment of that well, which did not do well,” he added.
The bond ordinance does not include the actual borrowing, but has the authorization to issue the bond, should the borough decide to do so at a later time.
This is an excerpt of the print article. For more on this story, read The Ocean Star—on newsstands Friday or online in our e-Edition.
Check out our other Lavallette stories, updated daily. And remember to pick up a copy of The Ocean Star—on newsstands Friday or online in our e-Edition.
Subscribe today! If you're not already an annual subscriber to The Ocean Star, get your subscription today! For just $34 per year, you will receive local mail delivery weekly, with pages and pages of local news and online access to our e-edition on Starnewsgroup.com.
 2x2.jpg)
