ORDINANCE OF THE BOROUGH OF MADISON AMENDING CHAPTER 190 OF THE MADISON BOROUGH CODE ENTITLED "WATER" TO AUTHORIZE THE REVISION OF THE BOROUGH OF MADISON’S WATER RATES AND SERVICE FEES

 

WHEREAS, the Chief Financial Officer of the Borough of Madison has recommended that the water utility rates be increased due to increased costs and to be more competitive with other water utility companies; and

WHEREAS, the Chief Financial Officer has recommended that Section 190-32 A of the Borough Code regarding Water Rates for Metered Service be amended to read as follows:

190-32 A. All water furnished in any quarter annual period shall be priced at the following rates:

 

Rates per 100 Cubic Feet

0 to 1,000 ($1.75 or $0.0175 per cubic foot)

1,001 to 3,000 ($1.85 or $0.0185 per cubic foot)

3,001 and higher ($2.02 or $0.0202 per cubic foot)

 

subject to the minimum quarterly charge required in Subsection B below.

 

 

WHEREAS, Borough Chief Financial Officer has further recommended that Section 190-32 B of the Borough Code be amended to delete references to a ½ inch meter and to further reflect the following new rates:

WHEREAS, the Borough Council, after due consideration has determined to proceed with said recommendation.

NOW, THEREFORE, BE IT ORDAINED by the Council of the Borough of Madison, in the County of Morris and State of New Jersey, as follows:

SECTION 1: Section 190-32 of the Borough Code entitled "Water Rates for Metered Service" is hereby amended to revise the water utility rates as set forth herein.

SECTION 2: All other rates and terms remain the same, except those changed herein.

SECTION 3: This Ordinance shall take effect as provided by law.

ADOPTED AND APPROVED

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MARY-ANNA HOLDEN, Mayor

Attest:

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MARILYN SCHAEFER, Borough Clerk