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Legislation Details
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Type:
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Resolution
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Status:
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Passed
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On agenda:
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1/21/2025
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Final action:
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1/21/2025
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Enactment date:
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1/21/2025
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Enactment #:
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R-25-41
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Title:
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RESOLUTION ESTABLISHING A TEMPORARY CAPITAL BUDGET FOR CALENDAR YEAR 2025
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Attachments:
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1. Cover Page
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title
RESOLUTION ESTABLISHING A TEMPORARY CAPITAL BUDGET FOR CALENDAR YEAR 2025
body
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County of Passaic |
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TEMPORARY CAPITAL BUDGET |
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Whereas, the local capital budget for the year 2025 has not been adopted, and |
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Whereas, it is desired to introduce a capital ordinance, |
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Now, Therefore Be It Resolved, by the Board of County Commissioners of the County of Passaic, that the following temporary capital budget for 2025 be made: |
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CAPITAL BUDGET (Current Year Action) |
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2025 |
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PLANNED FUNDING SERVICES FOR |
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CURRENT YEAR 2025 |
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4 |
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5b |
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5d |
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2 |
3 |
AMOUNTS |
5a |
Capital |
5c |
Grants in |
5e |
6 |
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1 |
PROJECT |
ESTIMATED |
RESERVED IN |
2025 Budget |
Improvement |
Capital |
Aid and |
Debt |
TO BE FUNDED |
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PROJECT |
NUMBER |
TOTAL COST |
PRIOR YEARS |
Appropriations |
Fund |
Surplus |
Other Funds |
Authorized |
IN FUTURE YEARS |
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Various Capital Improvements |
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$ 15,400,000 |
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$ 600,000 |
$ 3,400,000 |
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$ 11,400,000 |
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Various Improvements-PCCC-Chp.12 |
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4,000,000 |
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4,000,000 |
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Various Improvements-PCCC |
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2,387,530 |
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2,387,530 |
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Construction of a Garage-PCTVS |
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2,250,000 |
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2,250,000 |
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TOTAL ALL PROJECTS |
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$ 24,037,530 |
$ - |
$ - |
$ 600,000 |
$ 3,400,000 |
$ - |
$ 20,037,530 |
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6 YEAR CAPITAL PROGRAM 2025 - 2030 |
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ANTICIPATED PROJECT SCHEDULE AND FUND REQUIREMENT |
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5 |
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2 |
3 |
ESTIMATED |
FUNDING AMOUNTS PER YEAR |
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1 |
PROJECT |
ESTIMATED |
COMPLETION |
Budget Year |
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PROJECT |
NUMBER |
TOTAL COST |
TIME |
2025 |
2 |
3 |
4 |
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6 |
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Various Capital Improvements |
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$ 15,400,000 |
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$ 15,400,000 |
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Various Improvements-PCCC-Chp.12 |
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4,000,000 |
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4,000,000 |
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Various Improvements-PCCC |
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2,387,530 |
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2,387,530 |
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Construction of a Garage-PCTVS |
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2,250,000 |
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2,250,000 |
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TOTALS ALL PROJECTS |
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$ 24,037,530 |
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$ 24,037,530 |
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6 YEAR CAPITAL PROGRAM 2025 - 2030 |
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SUMMARY OF ANTICIPATED FUNDING SOURCES AND AMOUNTS |
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Budget Appropriations |
Capital |
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Grants in |
BONDS AND NOTES |
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Estimated |
Current |
Future |
Improvement |
Capital |
Aid And |
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Self |
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PROJECT |
TOTAL COST |
Year 2024 |
Years |
Fund |
Surplus |
Other Funds |
General |
Liquidating |
Assessment |
School |
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Various Capital Improvements |
$ 15,400,000 |
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$ 600,000 |
$ 3,400,000 |
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$ 11,400,000 |
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Various Improvements-PCCC-Chp.12 |
4,000,000 |
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4,000,000 |
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Various Improvements-PCCC |
2,387,530 |
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2,387,530 |
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Construction of a Garage-PCTVS |
2,250,000 |
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2,250,000 |
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TOTAL ALL PROJECTS |
$ 24,037,530 |
$ - |
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$ 600,000 |
$ 3,400,000 |
$ - |
$ 11,400,000 |
$ - |
$ - |
$ 8,637,530 |
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It is hereby certified that this is a true copy of a resolution creating the temporary capital budget section adopted by the Board of County Commissioners, County of Passaic |
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on the 21st day of January, 2025. |
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Certified by Maria Dattilo |
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(DATE) |
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CLERK OF THE BOARD |
MD
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