WHEREAS, the Township of Jackson, in the County of Ocean, State of New Jersey (the “Township”), has finally adopted Ordinances 19-09, 18-13, 20-14, 21-15, 17-16, 09-17, 18-18, 26-18, 22-19, and 07-20 (the “Ordinances”) on the dates set opposite each ordinance in the chart set forth below; and

WHEREAS, the Township has determined that a portion of certain capital improvements or purposes set forth in the Ordinances have either been completed or abandoned; and

WHEREAS, there currently remains on deposit in the Township capital accounts relating to the Ordinances, unexpended appropriation balances, excess obligation proceeds or capital funds, as applicable, allocable to some of the improvements or purposes described in the Ordinances (the “Unexpended Appropriation Balances”) but no longer necessary to complete and/or undertake the improvements or purposes authorized therein; and

WHEREAS, in accordance with its statutory powers, including those powers set forth in the Local Budget Law, N.J.S.A. 40A:4-1 et seq. (the "Local Budget Law"), specifically N.J.S.A. 40A:4-60, the Township has determined that it is in the best interests of the Township to cancel the Unexpended Appropriation Balances and transfer same to the Capital Fund Balance Account.

NOW, THEREFORE, BE IT RESOLVED by the governing body of the Township as follows: