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the succeeding year;

NOW, THEREFORE, BE

IT RESOLVED

by the COMMON COUNCIL of the Borough of

Milford, County of Hunterdon, State of New Jersey, as follows:

The Regular Meetings of the COMMON COUNCIL of the Borough of Milford, County of

Hunterdon, and State of New Jersey shall be held at the Milford Fire Company Building, 21

Water Street, Milford, New Jersey 7:00PM prevailing time on the

FIRST AND THIRD

MONDAYS

of each month for the year 2014, except when said First Monday shall be a Legal

Holiday. In such event the meeting shall be held at the discretion of Council. The dates of

said meetings are as follows:

REGULAR MEETINGS

(1st Monday)

REGULAR MEETINGS

(3rd Monday)

January 6, 2014 January 21, 2014 (Tues)

February 3, 2014

February 18, 2014 (Tues)

March 3, 2014 March 17, 2014

April 7, 2014 April 21, 2014

May 5, 2014 May 19, 2014

June 2, 2014 June No Meeting

July 7, 2014 July No Meeting

August 4, 2014 August No Meeting

September 2, 2014 (Tues) September 15, 2014

October 6, 2014 October 20, 2014

November 3, 2014 November 17, 2014

December 1, 2014 December 15, 2014

1. Reorganization Meeting will be held on January 1, 2014.

2. Formal Action may or may not be taken.

3. This Resolution shall take effect immediately upon publication.

4. This being submitted at the Reorganization meeting of the Milford Borough Common

Council held on January 1, 2014.

RESOLUTION NO. RE2014-003

RESOLUTION OF THE BOROUGH OF MILFORD, COUNTY OF HUNTERDON,

STATE OF NEW JERSEY FIXING THE RATE OF INTEREST TO BE CHARGED

ON DELINQUENT TAXES OF ASSESSMENTS.

WHEREAS

, N.J.S.A. 54:4-67 permits the governing body of each municipality to fix the

rate of interest to be charged for non-payment of taxes or assessment subject to any

abatement or discount for the late payment of taxes as proved by law; and

WHEREAS

, N.J.S.A. 54:4-67 has been amended to permit the fixing of said rate of 8%

per annum on the first $1,500.00 of the delinquency and 18% per annum on any amount in

excess of $1,500.00 and allows an additional penalty of 6% be collected against a

delinquency in excess of $10,000.00 on properties that fail to pay the delinquency prior to the

end of the calendar year;

NOW, THEREFORE, BE IT RESOLVED

, by the Common Council of the Borough of

Milford, County of Hunterdon, State of New Jersey, as follows:

1. The Tax Collector is hereby authorized and directed to charge 8% per annum on the first

$1,500.00 of taxes becoming delinquent after the due date and 18% per annum on any

amount of taxes in excess of $1,500.00 becoming delinquent after the due date and if a

delinquency is in excess of $10,000.00 and remains in arrears beyond December 31

st

, an

additional penalty of 6% shall be charged against the delinquency. Effective January 1,