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.
“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.
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