Title
Dept/ Agency: Finance
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Purpose: An Application to Local Finance Board for approval
of the creation of a Municipal Utilities Authority to operate the City’s Water and Sewer Systems
Name of Project(s): Newark Municipal Utility Authority
Amount to be Financed:
Funding Source:
Local Finance Board meeting date(s):
Project Information:
(Description/ Project No./ Amount Appropriated/Ordinance No.)
Additional Information:
The Municipal Utilities Authority would operate and maintain the City’s Water and Sewer Systems and would operate in accordance with the Municipal and County Utilities Authorities Law, N.J.S.A. 40:14B-1 et seq.
Failed 7R5-a (s) 072412
body
WHEREAS, pursuant to the Municipal and County Utilities Authorities Law, N.J.S.A. 40:14B-1 et seq., the Municipal Council of the City of Newark (the “City”) may, by ordinance, establish a Municipal Utilities Authority, as a public body corporate and politic for the purpose of: (i) the provision and distribution of an adequate supply of water for public and private uses within and without the City; (ii) the provision of sewage collection and disposal service within or without the City; and (iii) the operation and maintenance of utility systems owned by the City; and
WHEREAS, the City desires to make application to the Local Finance Board in the New Jersey Department of Community Affairs, Division of Local Government Services (the “Local Finance Board”) for its approval of an ordinance authorizing the formation of a Municipal Utilities Authority pursuant to N.J.S.A. 40A:5A-4, in order for such authority to, inter alia, operate and maintain the Water and Sewer Utility System of the City; and
WHEREAS, the City believes that:
(a) it is in the public interest to accomplish such formation of a Municipal Util...
Click here for full text