[Adopted 4-13-1993 by Ord. No. 1270]
All associations as defined herein shall be reimbursed for snow removal, streetlighting, solid waste and recyclable collection and disposal in accordance with the formula established herein, on a phased-in basis, with 20% of the total cost of these services to be paid in 1993; 40% of the total cost of these services to be paid in 1994; 60% of the total cost of these services to be paid in 1995; 80% of the total cost of these services to be paid in 1996; and 100% of the total cost of these services to be paid in 1997.
As used in this article, the following terms shall have the meanings indicated:
ASSOCIATION
Any condominium, homeowners' or property owners' association or cooperative which privately contracts for snow removal, streetlighting, solid waste collection and disposal and recycling, or any such organization where individual members privately contract for the above-referenced services.
BASE ASSESSMENT
The total taxable value of all housing units not occupied by tenants within an association as reflected on the real property tax list as of October 1 of each year.
QUALIFIED PRIVATE COMMUNITY
A residential condominium, cooperative, fee simple community or horizontal property regime, the residents of which do not receive any tax abatement or tax exemption related to its construction, comprised of a community trust or other trust device, condominium association, homeowners association or council of co-owners, wherein the cost of providing essential services is paid for by a not-for-profit entity consisting exclusively of unit owners within the community.
REIMBURSEMENT PERCENTAGE
The percentage derived by dividing the sum of municipal expenditures for snow removal, streetlighting, solid waste collection and disposal and recyclable material collection by the total municipal current fund expenditures for the calendar year.
A. 
The Borough of Middlesex shall issue a check to each association by November 1 of each year as reimbursement for municipal service costs incurred by the Borough for services covered herein in the preceding calendar year. The amount of the reimbursement check shall be calculated in accordance with a formula established in § 375-19 of this article.
B. 
Reimbursement checks received by associations from the Borough of Middlesex shall either be:
(1) 
Distributed to individual members in accordance with the procedures established by the association; or
(2) 
Credited and applied against present and future association expenditures.
The amount of the annual reimbursement to individual associations shall be calculated in accordance with the following formula: base assessment divided by 100 multiplied by local purpose tax rate multiplied by reimbursement percentage equals reimbursement amount. No reimbursement for the cost of services shall be provided by the Borough of Middlesex to or on behalf of any unit in a qualified private community that is occupied by a tenant.
Factual data providing figures utilized to calculate the reimbursement amounts shall be provided by the Borough on a form accompanying reimbursement checks.