Government

New Providence Council Appoints Interim CFO; Discusses Credit Ratings, Sidewalks

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NEW PROVIDENCE, NJ – The Borough Council appointed Ron Angelo as Borough Interim Chief Financial Officer at its Monday, May 8 meeting. The council also approved the bidding parameters for the 2017 Sidewalk Program.

Council president Gary Kapner, finance chair Michael Gennaro and personnel chair Dr. Bob Robinson met with Angelo and felt that he possesses the needed knowledge and experience for the position, Councilman Michael Gennaro explained. Angelo also has the proper licensing. He has experience in working for other municipalities, including Summit. He is also familiar with the borough’s new accounting system. He will be paid $2,000 per month. Angelo will be available to work with Kenneth DeRoberts during the transition.

The borough is still in the process of looking for a permanent chief financial officer (CFO) to replace DeRoberts who is set to retire June 1, 2017. The borough is using a professional recruiter to help identify suitable candidates. Borough Administer Doug Marvin will also review all applications for the position. The borough CFO acts as a deputy borough administrator and is in charge of human resources. “It is a very important decision,” Councilman Robert Robinson explained.

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Gennaro also delivered some good news to the council regarding the borough’s credit ratings. Two major credit rating companies had already given the borough a AAA rating and now the third major credit rating company has done the same. It means a few things to the borough. First, we will “attract the best interest rates the market provides when we go out for temporary and permanent financing.” Secondly, it is really an affirmation of the hard work by DeRoberts, Marvin and all our department heads and employees who make sure that we provide the most efficient services and provide for the future, he said.

Councilman Robert Munoz explained that the borough has budgeted $100,000 for replacements and repairs of existing sidewalks on certain streets. The borough expects to replace approximately 2,100 linear feet of deteriorating sidewalk. Maser Consulting will prepare specifications for public bidding for the 2017 Sidewalk Replacement Program. The project includes the replacement of four handicap ramps. The project is expected to involve minimal curb replacement.

The bidding is expected to begin on June 1. The construction will likely begin early July and with an estimated completion date of early September.

Marvin noted that if residents are concerned about sidewalks in their neighborhood they can contact borough officials using the “contact us” button on the borough’s website.

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