ORDINANCE 5-2004

AN ORDINANCE OF THE TOWNSHIP OF MENDHAM , IN THE COUNTY OF MORRIS , NEW JERSEY , AUTHORIZING A SPECIAL EMERGENCY APPROPRIATION FOR A REASSESSMENT OF THE TOWNSHIP OF MENDHAM

            BE IT ORDAINED by the Township Committee of the Township of Mendham, in the County of Morris, New Jersey, (not less than two-thirds of all the members thereof affirmatively concurring) as follows:

1.  Pursuant to the provisions of  N.J.S.A 40A:4-53 the sum of $175,000.00 is hereby appropriated for a reassessment of the Township of Mendham and such appropriation shall be deemed a special emergency appropriation as defined and provided for in N.J.S.A. 40A:4-55.

            2.  Pursuant to the provisions of N.J.S.A. 40A:4-55 the appropriation authorized by Section 1 of this ordinance shall be provided for in succeeding annual budgets of the Township, and at least one fifth of the amount authorized by Section 1 shall be included in each annual budget commencing with the annual budget for the year 2005 and for each year thereafter until the appropriation has been fully provided for.