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AN ORDINANCE AMENDING TITLE XXXIII, WATER, CHAPTER 4, RATES AND CHARGES, SECTION 33:4-6(d), CHARGES: WATER CONNECTION FEE, OF THE REVISED GENERAL ORDINANCES OF THE CITY OF NEWARK, NEW JERSEY, 2000, AS AMENDED AND SUPPLEMENTED, BY AMENDING THE CONNECTION FEE RATES.
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WHEREAS, on September 8, 2022, the Municipal Council adopted, Ordinance 6PFS-d, authorizing revisions to the water connection fees based upon recommendations from NW Financial Group, LLC ("NW Financial") as a result of a study of the capital costs and interest on debt service together with the number of equivalent users, pursuant to N.J.S.A. 40A:31-11, which requires an annual study of capital costs and interest on debt service; and
WHEREAS, after the 2024 annual computation of the connection fees NW Financial recommends adjustments of the connection of fees; and
WHEREAS, the Mayor of the City of Newark, the Director of the Department of Water and Sewer Utilities and the Director of the Department of Finance concur with the recommendations of NW Financial and desire to amend the Water Connection Fee Ordinance.
NOW, THEREFORE, BE IT ORDAINED BY THE MUNICIPAL COUNCIL OF THE CITY OF NEWARK, NEW JERSEY THAT:
Note: Additions are shown as underlined and bold. Deletions are shown as strikethroughs.
SECTION 1.Title XXXIII, Water, Chapter 4, Rates and Charges, Section 33:4-6(d), Charges: Water Connection Fee, of the Revised General Ordinances of the City of Newark, New Jersey, 2000, is hereby amended as follows:
? 33:4-6 WATER CONNECTION FEE.
d. Before a building permit is issued for new construction under the Uniform Commercial Code or a permit is requested for a new or enlarged connection to any water main under municipal control, there shall be paid to the Department of Water and Sewer Utilities the following one-time connection fees:
New Connector by Number of Equivalent Dwelling Units*
Maximum Connection Fee|1010|$5,519.12 $3,016.24|1010|$1...
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