Holmdel Township Committee Raises Debt - Introduces $4,286,300 Bond Ordinance Including $2,785,000 for Infrastructure


HOLMDEL, N.J.  - The Holmdel Township Committee introduced a bond ordinance totaling nearly 4.3 million dollars during the regular meeting on 5-23-17. The amount of debt includes $785,000 more infrastructure debt than the 2 million stated in the 2017 budget press release. The bond was introduced on a 4-0 vote. Committeeman Impreveduto was absent.

According to the official agenda, this is for various public improvements and the acquisition of new additional or replacement equipment and machinery, new information technology and telecommunications equipment, new communication and signal equipment, new additional furnishings and new automotive vehicles. 

The Township Committee recently stated that the zero budget this year would include 2 million of capital infrastructure improvements. The amount is not actually in the budget, it is new debt paid over time with a down payment of 5% included in the budget.

Sign Up for E-News

Based on the bond introduction, the 2 million was raised by an additional $785,000 and will include a paving, curb, sidewalk and drainage plan.

The amount of money included in the actual 2017 Municipal Budget is approximately $200,000 which equates to the mandatory 5% down payment required.

The useful life for the items listed is 10 years and the municipality would take out Bond Anticipation Notes (BAN's) that are able to be rolled over year to year for a maximum of ten years to finance the debt. The interest expense is not known at this time but averages 2%.

The new debt authorization, if passed by a super-majority vote (four votes in the affirmative) at the public hearing, will include the following:

$606,300 for:

  • computer and telecommunications equipment in various departments
  • DPW pickup trucks, striper machine and tire machine
  • Fire Department turnout gear, helmets and boots, safety equipment and communications equipment
  • EMS safety equipment, computers and related equipment
  • OEM (Office of Emergency Management) cots, generator and CPR training equipment
  • Police Department SUV's, office chairs and furniture, weapons and related equipment, safety equipment, security cameras and related equipment

$798,000 for:

  • a prefabricated equipment storage building at the DPW yard

$97,000 for:

  • various other improvements


TAP Into Another Town's News:

You May Also Be Interested In

Sign Up for E-News

Holmdel & Colts Neck

The Doctor is In: March is National Colon Cancer Awareness Month

March 7, 2018

March is National Colon Awareness Month, by Dr. Brendan J. Mulholland

Colorectal cancer is a major public health problem that cannot be ignored. National Colon Cancer Awareness Month provides a time to get the word out that colorectal cancer is preventable, treatable and beatable.  The good news is that we have been making progress and we have the means to tackle this problem through ...

Upcoming Events


Thu, March 22, 6:30 PM


St. James Mother's Club Hosts SUDC Awareness ...


Sat, March 24, 11:00 AM

Cross Farm Park, Holmdel

Eggstravaganza at Cross Farm

Arts & Entertainment

Sun, March 25, 9:00 AM

Temple Shalom, Aberdeen

Community Blood Drive

Health & Wellness

Holmdel High School Project Graduation: Business Sponsorships Needed

March 18, 2018

HOLMDEL, N.J. - Holmdel High School Project Graduation has been a tradition for our seniors for over 25 years, and we are hoping that you will consider contributing to this important annual event.

The first 'Project Graduation' began in Maine in 1979. Seven students from one high school lost their lives after their graduation ceremony as a result of driving while intoxicated.

In an ...

Holmdel Recreation Needs Assessment

HOLMDEL, N.J. - March 16, 2018 On March 13 th  the Recreation Needs Assessment Township Committee Meeting. Township  wide survey, public open houses,  report was presented by T & M Associates at  This report, which has been  and stakeholder a culmination of data gathering, a  the interviews, can be found on the Township website, Mayor ...

Holmdel Town-Wide Garage Sale

Sunday, April 29th, 9am-3pm, rain or shine, the Holmdel High School PTSO will be hosting it's first ever TOWN WIDE garage sale.

You can sell at home, at the high school parking lot or donate items for the PTSO to sell.  A POD has been donated to collect items starting on April 1st.

Please go to website for registration, details and items list for ...

Hop On Over to Delicious Orchards

March 19, 2018

Tired of hunting for Easter sweets to fill those baskets? Send one of our Easter boxes, item #230824 and #230825. Our Easter boxes include six plain or powdered sugar apple cider donuts, six of our fresh baked sugar and chocolate sugar cookies hand decorated for Easter, 6 oz. solid chocolate Easter Bunny and mixed jelly beans. It’s the perfect way to save time in your day. This offer ...


Sep 1, 1941 - Mar 13, 2018
Barbara A. Higgins, 76, Hazlet, passed away peacefully, Tuesday, March 13, 2018. Barbara was ...
Read more
- Mar 11, 2018
R. Bruce Phillips (79), retired Chief of Police, Holmdel Township Police Department, passed away ...
Read more