Parking in front of these businesses and others on Monmouth Street and Bridge Avenue would no longer be free if an ordinance up for introduction Wednesday wins approval. (Photo by John T. Ward. Click to enlarge)
[This article has been updated since it was originally posted to reflect the contents of proposed ordinances.]
By JOHN T. WARD
Here’s what’s on the draft agenda.
2015-02 An Ordinance Amending and Supplementing Chapter IX, “Licensing of Taxicabs.”
The proposal would increase the number of available licenses to 50, from 45, but would limit any person or company to 15 licenses. It also institutes a criminal background check for prospective drivers.
Here’s the full text: RB 2015-02
This would create a new set of laws concerning animals that are struck by vehicles, tied up outdoors, and left outside in bad weather.
2015-01 A Refunding Bond Ordinance of the Borough of Red Bank, in the County of Monmouth, New Jersey, Providing for the Refunding of all or a Portion of the Borough’s General Obligation Bonds, Series 2007, Dated July 15, 2007, Appropriating an Amount Not Exceeding $5,400,000 Therefor and Authorizing the Issuance of Not to Exceed $5,400,000 General Obligation Refunding Bonds of the Borough of Red Bank for Financing the Cost Thereof.
The ordinance would not authorize $5.4 million in new debt, according to Councilman Mike DuPont, who chairs the council’s finance committee. Rather this is a refinancing of existing debt at more favorable rates, thanks to a bundling with debt of other towns in central New Jersey, he said.
Borough Chief Financial Officer Eugenia Poulos says the move will save the borough $267,000 in debt service over the life of the bond, which will be paid off in 2022.
The meeting begins at 6:30 p.m. in the first-floor council chamber at 90 Monmouth Street, corner of Maple Avenue. Here’s the draft agenda: RB Council 022515