SAYREVILLE – The Sayreville Borough Council has adopted a bond ordinance that will appropriate $4 million towards improving borough roads and drainage.
On Sept. 14, council members adopted the bond ordinance that will provide for the $4 million appropriation allocated toward the improvements. The bond ordinance will also authorize the issuance of $3.55 million in bonds or notes to finance a portion of the appropriation.
The remaining costs of the $4 million appropriation will be covered by a $450,000 grant from the New Jersey Department of Transportation (DOT), according to the bond ordinance.
As a result of the DOT grant, no down payment from the borough will be made to help finance the improvements.
The improvements authorized include Albert Street, Avon Way, Church Street, Ernston Road, French Street, Heims Lane, Midnight Street, Smullen Street, Sophie Street, Stratford Way and Vernon Way.
The funds will also be used toward the improvement