Resolution #13-23: Financial Hardship Plan for Mixing Bowl Restaurant

Date of Adoption: June 6, 2013

WHEREAS, the Commissioners of the Vernon Township Municipal Utilities Authority have established a hardship payment plan allowing the Vernon Township sewer connection fee to be paid over a number of equal annual installments;

WHEREAS, KDA INVESTMENTS LLC is the owner of Block 141.04 Lot 1 (hereinafter “applicant”);

WHEREAS, the applicant has presented an application and has been approved for an allocation of 7.5 EDUs;

WHEREAS, the applicant’s connection fee pursuant to the Rules and Regulations and the policies of the VTMUA is $16,910.63.

WHEREAS, the applicant has applied for a hardship payment plan of the sewer connection fee;

WHEREAS, the Commissioners of the VTMUA have reviewed the narrative and financial information submitted by the applicant;

WHEREAS, the Commissioners of the VTMUA believe that requiring the applicant to pay the VTMUA’s connection fee in one payment represents a financial hardship;

NOW THEREFORE IT BE RESOLVED by the Commissioners of the Vernon Township Municipal Utilities Authority that KDA Investments LLC as owner of 141.04 Lot 1 is hereby approved for a connection fee hardship installment plan as follows:

  1. The total connection fee shall be $16,910.63.
  2. The applicant shall be permitted to pay the connection fee in 5 equal installments.
  3. Each payment shall be $3,382.13.
  4. Each payment shall be due on July 1st of each year starting on July 1, 2013.
  5. All payments due under this payment plan are designated and shall be treated as a municipal lien, and a copy of this agreement shall be filed with the Tax Collector’s Office.
  6. The applicant shall be required to sign a copy of this Resolution agreeing to and memorializing the payment plan as well as any other documentation required by the VTMUA.
  7. All amounts due under this agreement shall be subject to the same late penalties and interest as sewer user fees.