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BOROUGH OF OCEAN GATE, IN THE COUNTY OF OCEAN, NEW JERSEY
NOTICE OF SALE OF $443,750 BOND ANTICIPATION NOTES

Proposals are being solicited for the above issue of $443,750 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 Ocean Gate, in the County of Ocean, New Jersey (the “Borough”), at the Municipal Offices, 801 Ocean Gate Avenue, Ocean Gate, New Jersey 08740 on June 9, 2009, until 11:00 a.m. Bids submitted by telecopy are the sole responsibility of the bidder and must be received by the Borough by 11:00 a.m. No telephone bids will be accepted. Sealed proposals are encouraged, but faxed proposals will be accepted provided they comply with the conditions stated herein. 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) 269-3166, extension 13. The Borough accepts no responsibility for the failure of any telecopied bids to be received on time for whatever reason.

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