[Adopted 2-12-2009 by Ord. No. 2-2009]
The following calculation methodology for establishing the amount of reimbursement to be paid pursuant to the provisions of the Kelly Law[1] is hereby adopted:
A. 
The total cost of solid waste collection for the previous year divided by the total assessed value of residential property for the previous year equals the cost of solid waste collection per $1 of assessed valuation of residential property for the previous year.
B. 
The quotient of the above equation multiplied by the annual assessment of multifamily dwelling for the previous year equals the amount of reimbursement for the current year.
[1]
Editors' Note: See N.J.S.A. 40:66-1 et seq.