On tonight’s agenda for the Middeltown Township Committee Workshop meeting there will be a discussion about capital improvement projects and existing bonds and what to do about them. It will be interesting to see what they decide to do with the bonds the town is sitting on, namely the bond that was issued to fund the artificial turf projects for Croydon Hall and Trezza Field.
If we can all remember back to this past January when residents of Lincroft teamed up with members of the Pop Warner Chargers football organization when they found out that the long promised field restoration for Trezza Field (the home of the Chargers) was not going to happen, instead the funds for the turf project at Trezza Field was going to be diverted to West Front Street Park,caused so much trouble for Gerry Scharfenberger and Pam Brightbill earlier this year that they decided to cancel the turf projects all together in April.
The sudden decision to cancel the turf projects left everyone stunned at the time and questioning what was going to happen with the $2.6 million bond that was issued to fund the projects. The bond’s language as written was very specific, the funds couldn’t be used for anything else other than field restoration.
The following audio clip contains comments made by Middletown Attorney Brian Nelson, Middletown Township Town Administrator Tony Mercantante and mayor Gerry Scharfenberger during Workshop meetings on February 1st and March 1st,and seems to confirm that. The audio documents what the three men had been saying about the bonded money that was to be used for the construction of turf fields prior to the sudden announcement that the field project was going to be cancelled and the bonded funds returned.
Fast forward now to the last Township Committee meeting held on July 19th.
Lincroft resident and founding member of the citizens group SONIC (which opposed the turf project at West Front Street Park), Mary Mahoney, addressed the Township Committee about the unused Turf Bond that was to be used for artificial turf fields at Trezza Field, West Front Street Park and Croydon Hall. She wanted to know what was happening with the bonded money,
was there any plans to use it for anything else, how much of it had been spent and why wasn’t it retired as of yet to save the township interest payments on it.
She seemed to have taken the the Township Committee and those that make the decisions on such things by surprise. Listen to it below:
About 1:10 into her comments CFO Nick Trasente is heard saying that the bond funds could be used for other facilities, used to pay down debt or retired, which is contrary to earlier remarks made by Township Attorney Brian Nelson and Scharfenberger, who had stated at earlier meetings and can be heard above in the 1st audio clip, that the bond had to be retired if not used for turf fields and couldn’t be used for anything else.
So, what are Gerry and the boys planning on doing with the funds from this bond? It seems that they are trying to figure out a way to apply it to the budget in order to decrease 14% tax rate increase in this years municipal budget that has not been adopted yet.
If this is a concern to anyone then you should attend tonights meeting at Town Hall, it starts at 8pm. Get there early for a good seat.