ANNOUNCEMENTSNOTICE OF SALE
BOROUGH OF INTERLAKEN (Monmouth County, New Jersey) $1,124,508 BOND ANTICIPATION NOTES, SERIES 2018 (Bank Qualified) Bids are being solicited through a fair and open process in accordance with N.J.S.A. 19:44A-20.5 for the purchase of $1,124,508 Bond Anticipation Notes, Series 2018 (the "Notes") of the Borough of Interlaken, in the County of Monmouth, New Jersey. All bids will be publicly opened and announced at the Office of the Borough Chief Financial Officer on Wednesday, April 11, 2018, at 11:30 a.m., prevailing local time ("Sale Date"). No telephone bids will be accepted. Bids must be received by 11:30 a.m. on the Sale Date, and may be submitted by completing the attached bid form and submitting to the address, email address and/or fax number shown on the bid form. Sealed bids are encouraged, but emailed and/or faxed bids will be accepted provided they comply with the conditions stated herein. If a bidder wishes to transmit its bid by email or fax such bidder hereby acknowledges that such emailed or faxed bid will not be reviewed by the Borough until the public opening of the bids aforesaid. This Notice of Sale has been posted on the Borough’s website (www.interlakenboro.com). Each bid must offer to purchase the entire Note issue being offered at no less than par plus accrued interest and must specify a single rate of interest per annum offered for the Notes. The Chief Financial Officer will evaluate bids on the basis of the lowest net interest cost to the Borough. Award of the Notes to the bidder proposing the lowest net interest cost or rejection of all bids will be made by 2:00 p.m. on the Sale Date. As between bidders specifying the same lowest net interest cost, the Notes will be sold to the bidder selected by lot from among all such bidders. The Borough reserves the right to reject all bids. The successful bidder is advised of the responsibility to file an annual disclosure statement on political contributions with the New Jersey Election Law Enforcement Commission pursuant to N.J.S.A. 19:44A-20.13 (P.L. 2005, c. 271, s.3) if the successful bidder receives contracts in excess of $50,000 from public entities in a calendar year. It is the successful bidder's responsibility to determine if filing is necessary. Additional information on this requirement is available from ELEC at 888-313-3532 or at www.elec.state.nj.us. SPECIFICATIONS OF NOTES Principal Amount: $1,124,508 Bond Anticipation Notes, Series 2018 Dated Date: April 20, 2018 Maturity Date: April 19, 2019 Interest Rate per Annum: Specified by successful bidder, payable at maturity Denominations: $100,000 each or any integral multiple thereof (with an odd piece of $124,508) Legal Opinion: McLaughlin Stauffer & Shaklee, P.C., Wall Township, New Jersey, Bond Counsel Closing: April 20, 2018, at the Borough offices or elsewhere, as agreed to with the successful bidder Payment: Immediately available funds The Notes are issued pursuant to the laws of the State of New Jersey, including the Local Bond Law, to finance various improvements in the Borough. The Notes shall be general obligations of the Borough and to the extent the Notes are not paid from other sources, the Borough is obligated to levy ad valorem taxes upon all the taxable real property therein for the payment of the debt service on the Notes without limitation as to rate or amount. The Notes will mature without option of prior redemption, will be issued in bearer form without coupons, will be registrable as to both principal and interest, payable at maturity in lawful money of the United States of America, and the interest will be calculated on the basis of a 30 day month/360 day year. The Notes will be designated "Qualified Tax-Exempt Obligations" for purposes of Section 265(b)(3) of the Internal Revenue Code of 1986, as amended. No Official Statement has been prepared by the Borough in connection with the issuance of the Notes; however, for purposes of Securities and Exchange Commission Rule 15c2-12, please note the exemptions therefrom, particularly paragraph (d)(1) of the Rule for issues in authorized denominations of $100,000 or more and which are sold to no more than thirty-five (35) persons each of whom the Purchaser reasonably believes (i) has such knowledge and experience in financial and business matters that it is capable of evaluating the merits and risks of the Notes and (ii) is not purchasing for more than one account or with a view to distributing the securities. The Purchaser will be required to certify to the matters referred to in the preceding sentence at closing. The obligations hereunder to deliver and to accept the Notes shall be conditioned on the availability and delivery at the time of delivery of the Notes of (a) the approving legal opinion of the law firm of McLaughlin Stauffer & Shaklee, P.C., Wall Township, New Jersey ("Bond Counsel"), which will be furnished without cost to the successful bidder, to the effect that the Notes are valid and legally binding obligations of the Borough of Interlaken, New Jersey, payable in the first instance from bonds in anticipation of which the Notes are issued, but if not so paid or if not paid from other sources, payable ultimately from ad valorem taxes which may be levied on all the taxable real property in the Borough without limitation as to rate or amount, and that interest on the Notes is excluded from gross income for Federal tax purposes under current law if the Borough complies with all conditions subsequent contained in the Internal Revenue Code of 1986, as amended (the "Code"), except to the extent that interest on the Notes held by a corporate taxpayer is included in the relevant income computations for calculation of the corporate alternative minimum tax and that interest on the Notes and any gain on the sale thereof are not includable as gross income under the present New Jersey Gross Income Tax Act; (b) certificates in form satisfactory to Bond Counsel evidencing the proper execution and delivery of the Notes, the receipt of payment therefor and the compliance with the requirements of the Code necessary so that the Notes will not be arbitrage obligations within the meaning of the Code; and (c) a certificate, in form and tenor satisfactory to Bond Counsel and dated as of the date of such delivery, to the effect that there is no litigation pending or (to the knowledge of the signer or signers thereof) threatened affecting the validity of the Notes. If the Notes are reoffered to the public, the purchaser thereof is required to certify the reasonably expected reoffering price, yield, net interest cost and true interest cost for the Notes and CUSIP identification numbers, if any, therefor prior to the Closing on the Notes. Additional information concerning the Borough of Interlaken and the Notes is available by contacting the Borough Chief Financial Officer, Stephen Gallagher, at (732) 531-7405 or Drew A. Stauffer, Esq., McLaughlin Stauffer & Shaklee, P.C., Bond Counsel, at (732) 751-2800. BOROUGH OF INTERLAKEN, IN THE COUNTY OF MONMOUTH, NEW JERSEY /s/Stephen Gallagher STEPHEN GALLAGHER, Chief Financial Officer Dated: March 29, 2018 April 11, 2018 Mr. Stephen Gallagher Chief Financial Officer BOROUGH OF INTERLAKEN 100 Grasmere Avenue Interlaken, New Jersey 07712 EMAIL: sgallagher@interlakenboro.com FAX (732) 531-7099 RE: BID FOR $1,124,508 BOND ANTICIPATION NOTES, SERIES 2018 Dear Mr. Gallagher: Subject to the provisions of the Notice of Sale dated March 29, 2018, relating to $1,124,508 Bond Anticipation Notes, Series 2018 dated April 20, 2018 and due April 19, 2019 that is made a part hereof, we offer to purchase the Notes described therein as follows: Interest Rate Per Annum % Amount of Notes Bid for $1,124,508 Price of Notes Bid for $ (at no less than par) Net Interest Cost $ / % (please specify in both dollars and percent) and, in addition thereto, to pay interest accrued from the Dated Date of the Notes to the date of delivery, if Closing shall occur subsequent to the Dated Date. ________________________________ Signature of Authorized Officer ________________________________ Name of Bidder ________________________________ Address of Bidder ________________________________ Telephone Number LEGAL NOTICE PLEASE TAKE NOTICE that the Borough Council Meeting for April 18, 2018 has been rescheduled. The meeting will now be held on Wednesday, April 25, 2018. The workshop portion of the meeting will begin at 7:00 p.m., with the regular scheduled meeting immediately following the conclusion of the workshop portion; however, in no event will the regular meeting start earlier than 7:30 p.m. This meeting is open to the public and will be held at Borough Hall, 100 Grasmere Avenue, Interlaken, NJ 07712 Action will be taken. LORI REIBRICH, RMC BOROUGH ADMINISTRATOR/ CLERK TOWN WIDE GARAGE SALE FLIER
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BOROUGH ORDINANCES RELATING TO DOGS
ATTENTION DOG OWNERS: PLEASE REMEMBER THESE BOROUGH ORDINANCES WHEN ENJOYING TIME WITH YOUR DOGS ON WALKS THROUGHOUT TOWN.
PLEASE PICK UP AFTER YOUR DOG! ALL DOGS NEED TO BE ON A LEASH!
5-3.5 Running at Large Prohibited No person owning, harboring or keeping any dog shall suffer or permit it to run at large upon the public streets or in any public park, public building or public place, or on any other person's private property within the Borough. (Ord. No. 292 § 16; Ord. No. 300)
5-3.6 Leash Required; Dog to Be Accompanied by Person Over Twelve Years of Age No person owning, harboring or keeping any dog shall suffer or permit it to be upon public streets, in any public park, public building or any other public place within the Borough unless such dog is accompanied by a person over the age of twelve (12) years and is securely confined and controlled by an adequate leash which is not more than six (6) feet long. (Ord. No. 292 § 16)
5-3.7 "Pooper Scooper" Requirements No person owning, harboring, or keeping, walking or in charge of any dog shall cause, suffer, permit, allow such dog to soil, defile, defecate on or commit any nuisance on any public property or other person's private property whatsoever. If such person shall permit such dog to soil, defile, defecate on or commit any nuisance on public property or other person's private property, he or she shall immediately remove or dispose of all feces and droppings by the dog, which removal shall be in a sanitary manner by shovel, container, disposal bag or other such sanitary means. Any person walking a dog off the property of the owner shall display visible proof of the ability to clean up all excrement from the dog by carrying a shovel, plastic bag, disposal bag or other contraption to dispose of dog feces. (Ord. No. 292 § 16; Ord. No. 300; New)
5-3.8 Intrusion on Private Property Prohibited No person owning, keeping or harboring any dog or cat shall suffer or permit the dog or cat to intrude upon any other person's private property. (Ord. No. 292 § 16; Ord. No. 300)
PLEASE PICK UP AFTER YOUR DOG! ALL DOGS NEED TO BE ON A LEASH!
5-3.5 Running at Large Prohibited No person owning, harboring or keeping any dog shall suffer or permit it to run at large upon the public streets or in any public park, public building or public place, or on any other person's private property within the Borough. (Ord. No. 292 § 16; Ord. No. 300)
5-3.6 Leash Required; Dog to Be Accompanied by Person Over Twelve Years of Age No person owning, harboring or keeping any dog shall suffer or permit it to be upon public streets, in any public park, public building or any other public place within the Borough unless such dog is accompanied by a person over the age of twelve (12) years and is securely confined and controlled by an adequate leash which is not more than six (6) feet long. (Ord. No. 292 § 16)
5-3.7 "Pooper Scooper" Requirements No person owning, harboring, or keeping, walking or in charge of any dog shall cause, suffer, permit, allow such dog to soil, defile, defecate on or commit any nuisance on any public property or other person's private property whatsoever. If such person shall permit such dog to soil, defile, defecate on or commit any nuisance on public property or other person's private property, he or she shall immediately remove or dispose of all feces and droppings by the dog, which removal shall be in a sanitary manner by shovel, container, disposal bag or other such sanitary means. Any person walking a dog off the property of the owner shall display visible proof of the ability to clean up all excrement from the dog by carrying a shovel, plastic bag, disposal bag or other contraption to dispose of dog feces. (Ord. No. 292 § 16; Ord. No. 300; New)
5-3.8 Intrusion on Private Property Prohibited No person owning, keeping or harboring any dog or cat shall suffer or permit the dog or cat to intrude upon any other person's private property. (Ord. No. 292 § 16; Ord. No. 300)
SOLICITORS
Please be aware that anyone soliciting in the Borough of Interlaken is required to obtain a permit. A copy of the issued permit must be carried with them at all times.
There are exceptions for lawful and recognized religious, charitable, educational and political organizations as well as Volunteer Fire and First Aid Departments. Even in this case, these organizations are required to notify the Police Department in writing.
If a solicitor does not have a permit or a resident feels suspicious of the person coming to their door, please notify the Police Department.
Please be aware that anyone soliciting in the Borough of Interlaken is required to obtain a permit. A copy of the issued permit must be carried with them at all times.
There are exceptions for lawful and recognized religious, charitable, educational and political organizations as well as Volunteer Fire and First Aid Departments. Even in this case, these organizations are required to notify the Police Department in writing.
If a solicitor does not have a permit or a resident feels suspicious of the person coming to their door, please notify the Police Department.
Interlaken Air Show History
Please enjoy a historical video documenting the 1910 Air Show that took place in Interlaken. Please take the time to listen to the Interlaken Historian, Bob Waitt, share the very interesting and educational information about the event, the Wright Brothers attendance and Interlaken's contribution to Kitty Hawk.
Mayor Nohilly, Borough Council members and the Borough Administrator are very grateful to Bob Waitt for his dedication to discovering and compiling all the important history for the Borough. Bob's devotion and tireless efforts are greatly appreciated by all.
Many thanks again to Bob Waitt and Mary Solecki for putting such a wonderful video together for all to enjoy.
Bob Waitt is currently working on a project that is detailing the history of the homes in Interlaken. He has been meeting with current and past residents to compile information, pictures, and record the unique history of the residents who have lived here. If you, or someone you know, would like to contribute or learn more about the project please contact Bob Waitt @ bwaitt1941@hotmail.com or call 732-531-6059.
Borough of Interlaken Noise Ordinance
Please remember that the Borough has a Noise Ordinance which prohibits the use of gasoline powered equipment such as lawn mowers, leaf blowers, chain saws, etc. on Sundays, unless in the case of emergency or urgent necessity to public health and safety. The Monday thru Saturday reference in the ordinance allows noise between 8 a.m. to 8 p.m. The ordinance applies to residents and/or contractors. Your cooperation is sincerely appreciated.
Property Tax Online Services...
Interlaken's Property Tax Online Service is here! This web based service allows residents of the Borough to inquire about their taxes and make payments by check or credit card. CLICK HERE
Interested in having a Direct Debit for tax payments? CLICK HERE to download the form and return to the Borough for processing.
Interested in having a Direct Debit for tax payments? CLICK HERE to download the form and return to the Borough for processing.
New Tree Ordinances
The Borough Council has passed two new ordinances; a Tree Preservation Ordinance which limits annual removal of trees, and a Felled Tree Ordinance to provide for removal of dead, diseased or fallen trees. To read the Tree Preservation Ordinance, click here: To read the Felled Tree Ordinance, click here.
The Borough Council has passed two new ordinances; a Tree Preservation Ordinance which limits annual removal of trees, and a Felled Tree Ordinance to provide for removal of dead, diseased or fallen trees. To read the Tree Preservation Ordinance, click here: To read the Felled Tree Ordinance, click here.
Yoga Classes
Saturdays,8:30 am – 9:30 am at Borough Hall
Please bring a mat
$10 per person, per session
All levels are welcome
Gentle Senior Yoga, Tuesdays, 9:00 AM, $10.00 per class.
Saturdays,8:30 am – 9:30 am at Borough Hall
Please bring a mat
$10 per person, per session
All levels are welcome
Gentle Senior Yoga, Tuesdays, 9:00 AM, $10.00 per class.
