Tuckerton — There was no joy in Mudville Monday night as residents of Tuckerton Beach, waiting for some good news on the dredging of their lagoons, were told the borough’s bid to have the dredging paid for through another source besides the residents themselves had fallen through.
Councilman John Schwartz, who was attending the Nov. 18 municipal meeting by Skype from his home in Florida, said a meeting among borough officials, representatives of the New Jersey (Infrastructure) Trust Bank and the bond counsel on Friday (Nov. 15) found the state Department of Environmental Protection had “pulled the plug on our application.”
Tuckerton Borough Administrator Jenny Gleghorn explained that the application for a $7.4 million bridge loan from the Trust Bank had passed through one section of the NJDEP with flying colors, but a different section of the DEP had found the application was not consistent with the intent of the storm water quality grant the borough was seeking. The intent of the grant is to improve water quality, not to dredge saltwater lagoons. Why the first section of the DEP did not realize this or the borough engineers or the borough itself is unknown.
Gleghorn said there might be grant funding available for dredging through the NJDOT, but she would have to research it further. But for the borough to bond for the dredging through the NJDOT, it would have to have 5 percent of the cost upfront, or $450,000 already…