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
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
Rahway Industrial Sites will receive a refund of more than $200,000 as part of a settlement in state Tax Court.
Continue reading Council OKs tax appeals for industrial site
A small Hamilton Street apartment complex won tax appeals amounting to about a 6-perecent reduction on its property tax bills for 2014 and 2015.
The city is moving to acquire an East Hazelwood Avenue property adjacent to the Department of Public Works (DPW) facility on Hart Street for possible future expansion of the DPW headquarters.
Continue reading City aims to acquire building to expand DPW
A New Brunswick Avenue property will receive a refund of more than 12 percent across five tax years – as far back as 2009 – while withdrawing tax appeals on three adjacent properties.
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.
Repairs to an existing reinforced concrete wall at the Rahway Water Treatment Plant on Westfield Avenue will run an additional $100,000 over the original $9.8 million contract to improve the century-old facility.
Continue reading $100k repair work for water treatment plant