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Bond In Investing Savings A $2 million referendum to create a park in Vernon is advancing toward being placed on the November ballot. Responding to a petition that repealed $4.7 million in bonds to develop a park on Maple Grange Road, the township council reduced the project to $2 million and is preparing to present the scaled- back plan to voters in a binding referendum in the Nov. 5 general election.

Maybe. Could have. Should have. 20, ZPass, auto emissions and the taking of Manhattan from the Indians. This project smelled rotten from the start, when NJ Transit waited until its board endorsed the project before scheduling public hearings. There also was the question about whether the public should have had the chance to vote on the bonds financing the project.

Bond Investment Toledo Toledo "We reduced it by more than half to get the project moving," Mayor John Logan said. "Before, the way it was structured was that some opponents could say 'Yes, I'm in favor of a park, but they're trying to do too much at once.' Now, it's 'Are you in favor of a park or not?' There's no gray area. It's black and white."

The Burlington County freeholders voted unanimously to buy a small piece of the Rancocas Creek Greenway Project at their meeting this week. acre Schell property located between the creek and Mill Creek Park. While it may be small in relation to the entire project designed to create a linear walk, bike trail and park along the creek, it's an important part because it has a boat ramp to launch boats and canoes into the creek, said Freeholder Director William S. Haines Jr.

James Bond Trading Card The petitions, submitted in May, stemmed from the council's plans to build a recreation complex on 180 acres on Maple Grange Road.

All Bond and Transfer documents are inspected by the deeds registry and if correctly prepared, come up for Registration.

Bond In Investing Stock The town's $1.1 million purchase of the land began in 1999 by a prior council and was finalized in 2000. Another $1 million had been bonded for development of a park.

Suffice it to say that Mr. Tittels read on things is a little skewed, said Vernon Councilman Neil Desmond, who added that no one should be surprised by the Sierra Clubs latest move. We went to great lengths to give the state what they wanted, Desmond went on, adding that the ambitious Vernon town center project has been touted by a number of state organizations and officials, including Department of Transportation Commissioner Jack Lettiere.

Municipal Bonds Investment The Maple Grange tract includes the 40-acre Black Creek Native American site that was designated historic on April 1.

The value of an asset at the conclusion of a lease. Return on Investment also known as ROI The return per dollar of investment used to measure the efficiency with which capital resources are employed. Revenue Bonds Revenue bonds are issued to finance a specific revenue generating project. Revenue bonds may be backed by an insurer but are typically secured solely by the revenue generated through the project for which they are issued. For instance, a bond could be issued to retrofit an old building with new energy saving technologies such as windows, lights, or heating systems. Energy cost savings would then be used to pay back the bond issue. However, if the bond was not insured and energy savings were not realized the bond would default.

Bond Terms Trading Much of the past two years has involved bitter disputes and legal wrangling between preservationists and the council over the historic site, and the council is appealing the state's historic designation.

Bond Debt High In Inside Jessica Paladini, one of the petition organizers, said they are not opposed to ballfields, but rather are concerned about a park project becoming too large and expensive.

Bond Greenville Greenville "We want people to have the facts. That's something we're concerned about -- that people have real numbers and a real picture of what the park will cost," Paladini said. "We expect the township council to come up with a responsible picture of what the real numbers will be for maintenance, operating costs -- all of that -- and not just some pie-in-the-sky numbers."

Trading Stock And Bonds After the petitions were validated with double the amount of signatures needed, the council on June 24 rescinded a pair of bond ordinances totaling $4.7 million for the park's first phase.

Bond Investing Municipal At the same time, the referendum proposal was introduced. A public hearing on that proposed ordinance for a $1.99 million referendum will be held tomorrow at an 8 p.m. council meeting.

Basis Bond Finance Hill The $4.7 million in bond ordinances, which were adopted April 29, included $1.4 million for football fields and parking on the 40-acre historic section and $3.3 million for about 10 other fields on the remaining 140 acres, along with an outdoor rink, a boccie ball court, a snack bar/pavilion, parking and restrooms. All of this was considered "Phase 1" of a multi-phase plan that would take several years to carry out.

Bond Explained Terms Trading The new $2 million plan for Phase 1 involves building about five fields, Logan said, while amenities such as snack bar/pavilion and restrooms have been eliminated.

Bond Business Investing Stock "It's a very lean program to at least get a start," Logan said.

Bond Houston Houston If the referendum passes, construction on fields would begin in the spring, and the council would start undertaking Phase 2 plans for the park, the mayor said.

Stock Bonds Day Trading The petitions left the council with several options:

Bond Corporate Investing * Withdraw the bond ordinances.

Investment Bond Uk * Place the ordinances before voters in a public referendum.

Bond Trading Strategy * Rescind the ordinances and adopt substantially similar ones.

Bond Fixed In Income Investing * Rescind them and place a park referendum before voters.

Bond Dayton Dayton Investment Logan said the council decided to scale back the plan to avoid the possibility of having a higher dollar amount defeated at the polls.

Bond Management Market Risk "The bottom line is, we want to get a park built," Logan said. "We lost two years with this historic issue; now we're going to lose another year. It's important to move forward."

Bond In Investing Municipal The last time Vernon built recreational fields was in the late 1970s, when The Flats recreational complex on Vernon Crossing Road was constructed.

Bond Investment Las Las North In the mid-1990s, a plan for a park in the Glenwood section of town also became the subject of dispute and eventually was scuttled.

Future Bond Trading System The council is planning to raise about $100,000 a year to offset park maintenance costs by leasing to Verizon a cell tower on the park property, Logan said. The tower will be a flagpole, similar to one at Victoria's restaurant on Route 23 in the Stockholm section of Hardyston.

Bond In Investing Junk Some residents have expressed concerns about recent land clearing that took place to make way for a cell tower, but Logan said, "everything we've done is legal and appropriate."

Bond Investment Orlando By Jim Lockwood
Star-Ledger - 7/7/2002

Topic: Highlands

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