City Council approved new water rates that will bring an increase of 10 percent later this year, in addition to passing a $1.4-million bond ordinance to begin the first phase of upgrades to the water treatment plant.
The 102-room hotel within Carriage City Plaza will lose its corporate flag next month and the condominium association will consider whether to convert the hotel space into another 68 residential units.
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A 10-percent increase in water rates would help the city’s water utility ween itself off tax dollars in the near term and help pay off the debt over the next 20 years to fund upgrades at the nearly century-old water treatment plant on Westfield Avenue. The average Rahway homeowner likely would see their water bill go up by about $40 annually, from about $432 to $472 per year.
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Presented with three options to address the city’s aging water treatment plant on Westfield Avenue, the City Council likely will approve a $1.4-million bond ordinance (O-34-13) to cover preliminary costs of upgrading the nearly century-old facility.
A preliminary plan that would replace Mangos Bar & Grill and adjacent properties with a five-story residential development likely will have to go back to the drawing board to find more parking, among other concerns from the Redevelopment Agency.
Three, five-story buildings containing almost 250 rental apartments would replace The Center Circle and reconfigure parking and access around City Hall Plaza, according to a concept plan presented to the Redevelopment Agency last week.
The 15-year Payment In Lieu Of Taxes (PILOT) requested by Metro Rahway would be $265,000 annually, according to a revised ordinance (O-35-13) that the City Council is expected to approve tonight. The council will meet for a combined conference agenda/regular meeting at 7 p.m.
City Council is slated to approve the fourth Payment In Lieu Of Taxes (PILOT) for a new development in the last 18 months. The governing body last month introduced an ordinance for a PILOT for Metro Rahway and will have a public hearing and final vote at its meeting on Monday night.