City Council is poised to set annual water rates for the next 10 years that would include annual increases of 5%.
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Council moves forward on water plant lease
City Council approved a new 20-year lease agreement for a private operator to continue running the city’s water treatment plant, replacing the final two years on the original lease and continuing through 2036.
Public hearing on new water deal Thursday
A new services agreement for the Rahway Water Treatment Plant will be the subject of a public hearing during a special meeting of City Council on Thursday at 6:30 p.m. in the library.
5 things to know about proposed water deal
City Council is scheduled to hold a public hearing and final approval tonight on a new 20-year lease agreement for the city’s water treatment plant and a $14-million bond ordinance to borrow against an annual concession fee in the deal. UPDATED: Tonight’s meeting has been canceled. A combined conference/regular meeting has been scheduled for Nov. 21.
Council tables water deal until state review
City Council last night tabled three ordinances related to a new 20-year water lease agreement for the city’s water treatment plan, pending review and approval by the state Local Finance Board.
Continue reading Council tables water deal until state review
Council to borrow $14m against new water deal
The city plans to borrow $14 million against a new operating agreement that’s expected to pay the city $1 million annually over the course of a new 20-year contract. Continue reading Council to borrow $14m against new water deal
City in negotiations on new water deal
With three years still remaining on an existing 20-year deal, the city is negotiating a new 20-year lease of the water system that this time is expected to include a $13-million concession fee from the operator.