Stafford Borrows $8 Million for Infrastructure; Police Nab Burglar in Barnegat; Jenny the Whale Arrives in Beach Haven West

By Victoria Ford | Jun 26, 2019
Photo by: Jack Reynolds

Stafford Township — The Stafford Township mayor and council authorized $7.8 million in bonds at the regular meeting of June 18, for various capital improvements and equipment acquisitions; for water and sewer utility equipment; and for phase one of the Beach Haven West sewer rehabilitation project. Capital projects and purchases will total $5.5 million, of which $5.2 was bonded; water and sewer equipment totals $1.94 million, of which $700,000 was bonded; and phase one of the BHW rehab will cost $1.9 million, all of which was bonded.

Fortunately, Stafford is in a good position to borrow money. In January 2018, Moody’s Investors Service upgraded Stafford Township’s bond rating from A1 to Aa3, reflecting the township’s improved financial situation given consecutive operating surpluses and a strong fund balance. Moody’s is one of three major rating agencies. A credit rating is a tool for evaluating risk – the rating agency’s opinion as to the creditworthiness of the bond’s issuer. Moody’s ratings range from triple-A (strongest) to C (weakest).

In reporting May’s police activity during council reports, Mayor Greg Myhre announced 102 firearms applications were processed.

From the detective bureau came the news of one arrest resulting in 36 criminal charges, after several police agencies worked together in a joint investigation to locate and arrest a Port Monmouth man suspected of a string of vehicle burglaries in Ocean Acres and elsewhere throughout Ocean County. Lacey Township detectives located him in Barnegat. He now awaits court hearings in Ocean County Jail in Toms River.

The Stafford Township Planning Board has granted site plan approval for changes to the Bank of America property on Nautilus Drive, across from the hospital. The existing vacant building will be demolished and a new ATM drive-up building will be constructed, according to Councilman Thomas Steadman. The project is expected to start at the end of the summer.

A new fiberglass whale play structure, affectionately named “Jenny,” has been installed at the Jennifer Drive bay beach in Beach Haven West, and neighborhood kids are invited to come play, Councilman Mike Pfancook said. The seaweed fence around the bathing beach will be repaired next week, hopefully in a color other than orange.  —V.F.

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