Resolution #18-02: Resolution Approving the Sewer Rates for 2018
Date of Adoption: January 18, 2018
WHEREAS, a rate hearing was held on January 18, 2018 on the 2018 sewer rates as advertised in the New Jersey Herald on December 29, 2017, and
WHEREAS, all present had the opportunity to be heard on the matter, and
WHEREAS, the commissioners of the VTMUA find it necessary to establish the 2018 sewer rates in order to complete and approve the 2018 budget;
NOW THEREFORE BE IT RESOLVED, that the 2018 sewer rates as advertised on January 29, 2017 shown below:
The rate being proposed for an EDU for 2018 is $1,180.00. This is an increase of $100.00 annually.
This translates into a rate for:
- A 1-bedroom unit is .6 of the cost of an EDU which equals $708.00 annually or $177.00 quarterly which is an increase quarterly of $15.00 for 2018.
- A 2-bedroom unit is .8 of an EDU which equals $944.00 annually or $236.00 quarterly which is an increase quarterly of $20.00 for 2018.
- A unit with 3 or more bedrooms is 1 EDU which equals $1180.00 annually or $295.00 per quarter which is an increase quarterly of $25.00 for 2018.
BE AFFIRMED AND ADOPTED, as the sewer rates for 2018.