NOTICE OF AUCTION OF MUNICIPAL PERSONAL PROPERTY

NOTICE OF SALE

BOROUGH OF SOUTH TOMS RIVER, IN THE COUNTY OF OCEAN, NEW JERSEY

NOTICE OF $1,999,923 BOND ANTICIPATION NOTE SALE

(BANK QUALIFIED)

(See here for full document May2015NOS.d01)

Proposals are being solicited for the above issue of $1,999,923 principal amount of Bond Anticipation Notes (the “Notes”) for the purchase at not less than the par amount of the Notes through a fair and open process in accordance with N.J.S.A. 40A:2-28. All bids will be publicly opened and announced at the Borough of South Toms River, in the County of Ocean, New Jersey (the “Borough”) at the Municipal Building, 144 Mill Street, South Toms River, New Jersey 08757 on May 12, 2015, until 11:00 a.m. Bids will be received either (a) via facsimile, at (732) 349-1407, attention Stephen O. Gallagher, Chief Financial Officer, or (b) via email, to strfinance@comcast.net. All bids submitted are the sole responsibility of the bidder and must be received by the Borough by 11:00 a.m. to facsimile number (732) 349-1407 or email to strfinance@comcast.net. No telephone bids will be accepted. The Chief Financial Officer of the Borough will evaluate the bids on the basis of the lowest net interest cost to the Borough. A determination as to the award will be made no later than 1:00 p.m. on that date. The telephone number for the Chief Financial Officer is (732) 349-0403. The Borough accepts no responsibility for the failure of any telecopied or emailed bids to be received on time for whatever reason.

Bids must be on the official bid form attached hereto as Exhibit A signed by the bidder, sent to Fax No. (732) 349-1407, Attention Stephen O. Gallagher or email to strfinance@comcast.net.

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