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.
City Council is scheduled to vote on an ordinance
next week later this month that will increase water rates by an average of about 5 percent a year for the next several years.
City Council took the next step toward a new long-term lease agreement for the city’s water treatment plant.
Average water rates would rise a projected 5 percent annually for the next decade under a new long-term lease agreement of the city’s water treatment plant.
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.
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.
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