Nutley Rent Leveling Board Approves $9.8 Million Bond for School Expansion Project
-
Meeting Type:
Rent Leveling Board
-
Meeting Date:
01/07/2025
-
Recording Published:
01/08/2025
-
Duration:
60 Minutes
-
Towns:
Nutley
-
County:
Essex County
-
State:
New Jersey
- Meeting Overview:
At the recent meeting of the Nutley Rent Leveling Board, members approved a $9.8 million bond ordinance aimed at expanding educational facilities in the township. The decision facilitates the acquisition of property to add 10 new classrooms to the district, addressing space constraints without imposing additional taxes on residents. The initiative is part of a broader strategy to enhance educational offerings while maintaining fiscal responsibility.
The meeting saw discussions concerning the acquisition of a building located on Bloomfield Avenue, adjacent to the Jason parking lot. This acquisition is poised to expand the pre-kindergarten program by accommodating an additional 90 to 100 students by September 2025. This expansion will also enable the reallocation of classroom space at John Walker Middle School, allowing the transition of sixth-grade students to the middle school by September 2026.
The financial implications of this initiative were a central topic, with discussions highlighting a strategic approach to funding the project. Starting in 2026, the school district is expected to contribute approximately $220,000 annually to cover interest costs associated with the municipal debt. This arrangement relies on bond anticipation notes. Current lease payments for the Franklin Avenue space will be redirected towards this new obligation, maintaining the existing financial burden on taxpayers. Additionally, pilot funds from a 2018 agreement on another property will be leveraged to ensure debt repayment does not impact residential taxpayers.
During the meeting, it was clarified that the $9.8 million budget covers both acquisition and renovation costs, with the building and parking lot appraised at $600,000 and $2.2 million, respectively. Renovation costs are estimated at $7 million, which will modernize the building with new systems and improved facilities. This approach is projected to expedite the construction timeline compared to traditional public contracting processes, potentially saving $1.5 million.
The public hearing regarding Ordinance Number 3574, which addresses the bond ordinance for the property acquisition, saw no public comments, leading to a swift closure of the session. The board voted unanimously in favor of the ordinance. Similarly, Ordinance Number 3575 concerning the acquisition of specific property lots was approved without public comment, with all present commissioners supporting the measure.
Gratitude was expressed towards the Board of Commissioners for their collaborative efforts in addressing the district’s space challenges. The actions taken are expected to support state-funded pre-kindergarten expansion and facilitate the transition of sixth graders to the middle school. The collaboration between the Board of Education and the Board of Commissioners was celebrated.
The meeting also featured remarks from a vice president of the Board of Education, who acknowledged the support from various stakeholders and the excitement within the educational community.
In addition to educational initiatives, the meeting addressed several administrative matters. A resolution was introduced regarding the transfer of a financial agreement related to the Diamond Springs property to a new owner, Soho Park Realty Urban Renewal Inc. This transfer was approved unanimously. Commissioner Evans presented resolutions involving additional office space acquisition, legal services for municipal tax appeals, and engagement of legal counsel for the on3 Redevelopment area, all of which received unanimous support.
The board also approved a Professional Services contract with Atul Scrio, transferring appropriations within the 2024 budget, and two plenary retail consumption license transfers. Resolutions recognizing January as National Blood Donor Month and Martin Luther King Jr. Day were also passed unanimously.
Dr. Joseph P. Scarpelli
Rent Leveling Board Officials:
James Kuchta, Marilyn Del Plato, Bradford Graves, Lori Monaco, Dr. Gerard Parisi, Stephen Tedesco, Joseph Hannon, Esq. (Attorney)
-
Meeting Type:
Rent Leveling Board
-
Committee:
-
Meeting Date:
01/07/2025
-
Recording Published:
01/08/2025
-
Duration:
60 Minutes
-
Notability Score:
Routine
Receive debriefs about local meetings in your inbox weekly:
-
State:
New Jersey
-
County:
Essex County
-
Towns:
Nutley
Recent Meetings Nearby:
- 01/09/2025
- 61 Minutes
- 01/09/2025
- 01/10/2025
- 20 Minutes
- 01/09/2025
- 01/10/2025
- 72 Minutes