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Public Information » E-Newsletter » E-Newsletter Jan 10

New Era, New Span --- Bridge Commission's E-Newsletter --- January 2010

Newly Reappointed Commission Chairman Presents
“State of the Bridge”

Highlights 2009 Successes

Less than one week after the Burlington County Freeholders reappointed him to the Burlington County Bridge Commission, Chairman John Comegno provided a “State of the Bridge,” highlighting property tax-saving initiatives, innovative capital projects to its bridges, the Commission and Freeholders’ joint efforts to clean up the Rancocas Creek, and “green” shared services programs.

 Continued from e-mail below

“2009 was a milestone year for the Bridge Commission,” said Comegno. “We broke the $9 Million mark in obtaining grants for cash-strapped municipalities, held the line once again on tolls, and surpassed $14 Million in debt relief for taxpayers struggling to make ends meet.”

Comegno outlined the Commission’s major achievements for the year:
 Secured more than $8 Million in Grant Monies for Municipalities this year alone: $9.3 Million obtained since 2006, resulting in direct property tax relief for BurlCo citizens,
 Surpassed $14 Million in Property Tax Relief for Municipalities: Commission financing programs continue to save taxpayers money ($382 Million in financings since 2002),

• Won $10.9 Million Insurance Claim: bridge piers to be repaired with reimbursement claim from Lloyd’s of London ,

• No Toll Increase: for tenth consecutive year,
 Rancocas Creek cleanup: Completed Phase 2 of Commission/County initiative to clean creek that ravaged towns with damages exceeding $25 million—all at no cost to municipalities, 
 Revolutionized bridge inspections: new “traveler system” on Burlington-Bristol Bridge that will slash costs, enhance safety, and reduce traffic delays,
 “Greenbacks to Go Green” Program: upfront funding for municipalities and schools for cost-saving energy audits,
• “Smart technology” with Drexel University: “smart bearings” on Burlington-Bristol Bridge,
 New Financial Management System: increased efficiency of accounting and purchasing operations,
“The only status quo you’ll find at the Bridge Commission is in our tolls,” said Vice Chairwoman Priscilla B. Anderson.“Otherwise, the leadership and staff are constantly setting new goals, reaching higher, and achieving more.”
Commissioner Troy E. Singleton added, “During my first year as Commissioner, I learned a lot about the Commission and the quality people who work here. I look forward to working with my fellow Commissioners and staff this year to continue to save our taxpayers money and create jobs.”
Chairman Comegno added, “We’re proud of what we’ve accomplished, but have much more work ahead of us. We will continue to keep our bridges safe and affordable and assist our neighboring towns through our economic development and shared services programs.”
The Burlington County Bridge Commission manages the Tacony-Palmyra and Burlington-Bristol Bridges, and through its economic development and improvement authority powers, assists Burlington County municipalities in economic development and community revitalization projects and extends pooled financing options to local governments and nonprofits in Burlington County. These initiatives have resulted in a savings of approximately $14 million dollars and more than $9 million dollars in grant monies for municipalities. 
Reduce Your Cost of Borrowing with 2010 Pooled Lending Programs

Does your organization intend to secure long-term debt this year? Then you’ll want to attend the meeting on Wednesday, February 10th to find out about the Bridge Commission’s 2010 pooled lending programs. 

Continued from e-mail below

The pooled lending program has a proven track record of reducing your cost of borrowing by lowering the cost of issuance. This is done by prorating the cost of professional services and by utilizing the County Guarantee, thereby affording a “AA” rating to the bond issue. This translates to a lower interest rate over the life of the issue, which generates substantial savings.

This first of two annual meetings will take place at the Palmyra Cove Nature Park at 9:00 AM, with continental breakfast at 8:30 AM. Contact Gary LaVenia or Marie Ozalis at (856) 829-1900 by Friday, February 5 if you plan to attend. If you cannot attend but wish to participate in the 2010 program, please let us know; I will be happy to meet with you individually at your convenience or provide you with the information you need to make an informed decision.


Palmyra Cove Nature Park's Frost and Feathers Ball

Don’t miss PCNP’s annual fundraiser to support educational programs—a gala event held in the Environmental Discovery Center! On February 6th the night begins with cocktails at 6 PM, followed by a formal dinner at 7 PM. Dance to the music of Gene Tirpak & Windfall! Peruse the valuable Silent Auction items—know you’re giving to a worthy cause, providing educational programs to children in South Jersey’s largest outdoor classroom!

Continued from e-mail below

     Get Your Invitation Now!

Make Good on Your Resolution to Go Green! 

Attend the remaining “Borrowed Earth” classes—evening sessions on various “green” topics, taught by Jeannie Francis, a Camden County Master Gardener. Remaining sessions include:
1/20: Household Greening (learn what’s best to use to clean house, even how to make your own products!)
1/27: Cosmetics & Body Products (what’s in your cosmetics? go natural!)
2/3: Organic (what does it mean for a product to be organic?)
2/10: Green Living (learn from experts about builders’ supplies, food co‐ops, and more!)
2/17: Greening for Children (start the learning early, how to be environmentally responsible)

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