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.
Tag Archives: water rates
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.
Two contracts awarded for treatment plant
City Council last week approved two professional services contracts totaling more than $100,000 for preliminary work on upgrades to the city’s water treatment plant.
City Council approves 10% water rate hike
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.
10-percent water hike coming for upgrades
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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.