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Allendale moving on water privatization contract

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Allendale moving on water privatization contract
Monday, March 11, 2013
BY  ALLISON PRIES
STAFF WRITER
The Record

ALLENDALE — The council plans to vote today on a draft contract that would privatize the operation of its water system. The contract, if approved at today’s special meeting, would go before the public at the council’s March 28 meeting.

The contract awards the job of managing the water system to United Water, the low bidder for the job, at a rate of $590,000 per year for five years. The payment to the utility could increase annually based upon the average of two commonly used inflation indices, Mayor Vince Barra said.

The special meeting was called because the draft contract was not ready for the council’s Feb. 28 meeting. A vote is needed in time for the council to issue a public notice 14 days before its March 28 meeting, when the public hearing on the contract would be held, he said.

The privatization is expected to save the borough about $193,000 per year, which will be used to stabilize water rates, Barra said.

https://www.northjersey.com/news/196805431_Allendale_moving_on_water_contract.html

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