Hoboken City Council considers bonding $27.5 million for city projects

The city is looking to issue the bonds for city parks, road improvements, and water utility infrastructure

The Hoboken City Council unanimously voted to introduce the four bond ordinances at their Sept. 21 meeting. Photo by Mark Koosau.

Hoboken is considering issuing a total of $27.5 million in bonds for various projects across the city, ranging from improvements to city parks, revamping various streets, water utility infrastructure and more.

The City Council unanimously introduced four different bond ordinances at their Sept. 21 meeting, with each having a number of items that the bonds will be issued for.

“The administration, in partnership with the City Council, has advanced various projects in the city’s Capital Program to a point where further financial investment is required for implementation,” said Hoboken spokeswoman Marilyn Baer.

In the first $6,025,660 bond ordinance, $1,298,000 would be for the acquisition of a rear loader and electric vehicle charger (with a $688,800 grant from the state Department of Environmental Protection being used for it), and $1,195,000 would be to complete various improvements to city parks.

$2,150,000 would be to complete various paving, resurfacing and infrastructure improvements for various streets in the city, including portions of Madison Street, 9th Street and 11th Street.

$1,323,000 would be for completing improvements to City Hall, and $59,660 would be for the acquisition, installation and/or completion of “permanent public art in and for the city.”

In the second $$16,253,930 bond ordinance, $16,093,000 would be for the repaving, resurfacing and improving various streets, including Sinatra Drive, Court Street and Castle Point Terrace (with the city using a $1,201,483 grant from the state Department of Transportation for it).

$160,930 would also be used for the acquisition, installation and/or completion of “permanent public art in and for the city.”

The third $3,937,050 bond ordinance would use $3,930,000 for water utility infrastructure improvements in the city, including on Madison Street, 9th Street, 11th Street and Castle Point Terrace. $39,000 would also be used again for the acquisition, installation and/or completion of “permanent public art in and for the city.”

Lastly, the $1,288,760 bond ordinance would use $676,000 to acquire transit vehicles (with $315,000 in grants from the DEP being used for it), $600,000 for acquiring and installing a parking permitting system, and $12,760 would be used again for the acquisition, installation and/or completion of “permanent public art in and for the city.”

Baer confirmed that the grants from the Department of Environmental Protection are the same as the ones announced last month that will be used to acquire the city’s first electric garbage truck and HOP shuttle bus.

The bond ordinances will need six out of nine votes from the City Council to be adopted. Their next meeting is on Oct. 3 at 7 p.m.

For updates on this and other stories, check hudsonreporter.com and follow us on Twitter @hudson_reporter. Mark Koosau can be reached at mkoosau@hudsonreporter.com or his Twitter @snivyTsutarja.