FREEHOLD TOWNSHIP – Municipal officials are planning to appropriate $5 million for capital improvements in Freehold Township.
On May 26, the Township Committee introduced a bond ordinance that will, if adopted, authorize the issuance of $4.79 million in bonds or notes to finance part of the costs. The remaining costs will be covered by a down payment of $239,900.
A public hearing on the bond ordinance is scheduled for June 23 and committee members may adopt the bond ordinance that evening.
Municipals officials said $3.8 million ($3.62 million in bonds or notes) will pay for road improvements, including bituminous concrete overlay, the pavement preservation program, the second phase improvements to Stonehurst Boulevard and the remediation of the Department of Public Works underground storage tanks.
Township Committee members said $472,000 ($449,500 in bonds or notes) will provide for municipal building improvements, including the replacement of floors at various municipal buildings, the acquisition of a wet/dry sprinkler system for the DPW building, chimney replacement at various municipal buildings, bathroom renovations to various municipal buildings and the acquisition of a new boiler for police headquarters.
According to the ordinance, recreation improvements that will include the acquisition of playground equipment, the resurfacing of various courts, the replacement of bleachers and picnic tables, improvements to buildings and structures, and dugout and ballfield renovations will cost $464,000 ($441,900 in bonds or notes).
The purchase of equipment, including computers, Kubota tractors, tree chippers, stump grinders, snow plows and spreaders, asphalt patch trailers and salt spreaders will cost $282,000 ($268,500 in bonds or notes).
The remaining $27,000 ($14,900 in bonds or notes) will be appropriated for improvements to the Oakley farmhouse, Wemrock Road.
