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WHEREAS, the Township of Jackson, in the County of Ocean, New Jersey (the "Township") finally adopted Bond Ordinance No. 19-09 adopted on August 25, 2009 (the "Prior Ordinance") providing for various capital improvements and the acquisition of various capital equipment; and

WHEREAS, the Township has determined that the costs associated with said improvements are higher than anticipated and has determined to supplement the appropriation; and

WHEREAS, the Township expects to receive $200,000 grant funds from the New Jersey Department of Transportation.

NOW, THEREFORE, BE IT ORDAINED by the TOWNSHIP COUNCIL OF THE TOWNSHIP OF JACKSON, IN THE COUNTY OF OCEAN, STATE OF NEW JERSEY (not less than two-thirds of all members thereof affirmatively concurring), AS FOLLOWS:

Section 1. For the improvements authorized by the Prior Bond Ordinance, there is hereby appropriated the sum of $200,000 grant funds expected to be received from the New Jersey Department of Transportation, in addition to the appropriation authorized by the Prior Ordinance of $1,686,346, for a total appropriation of $1,886,346.

Section 2. The aggregate debt authorization of $1,331,278, the aggregate down payment of $70,068, average period of usefulness of the improvements of 9.72 years, and other authorizations of the Prior Ordinance remain unchanged and are hereby confirmed.

Section 3. The capital budget of the Township is hereby amended to conform with the provisions of this ordinance to the extent of any inconsistency herewith. The resolution in the form promulgated by the Local Finance Board showing full detail of the amended capital budget and capital program as approved by the Director of the Division of Local Government Services is on file with the Municipal Clerk and is available there for public inspection.

Section 4. All Ordinances or parts of ordinances in conflict or inconsistent with any of the terms of this ordinance are hereby repealed to the extent that they are in such conflict or are inconsistent. In the event that any section, part or provision of this ordinance shall be held to be unconstitutional or invalid by any court, such holding shall not affect the validity of this ordinance as a whole, or any part hereof other than the part so held unconstitutional or invalid.

Section 5. This amendatory bond ordinance shall take effect twenty days after the first publication thereof after final passage, as provided in the Local Bond Law, N.J.S.A. 40A:2-1 et seq..

DATED: 9/14/10

ANN MARIE EDEN, RMC TOWNSHIP CLERK