[HISTORY: Adopted by the Township Committee of the Township of Wall as indicated in article histories. Amendments noted where applicable.]
GENERAL REFERENCES
Sewerage authorities — See Ch. 47.
Water and sewers — See Ch. 222.
[Adopted 11-25-2008 by Ord. No. 22-2008]
A. 
The municipalities of the Boroughs of Brielle, Spring Lake, Spring Lake Heights, Sea Girt and the Township of Wall (collectively the "treated water purchasers") are currently parties to individual treated water purchase contracts dated September 1, 1987, between the respective municipalities and the Monmouth County Improvement Authority ("Treated Water Purchase Contract"). The current relationship amongst the treated water purchasers is in the nature of an interlocal services arrangement intended to collectively benefit all Treated Water Purchasers. Section 17 of the Treated Water Purchase Contract grants an option to the treated water purchasers to purchase the water treatment and transmission facilities from the Monmouth County Improvement Authority.
B. 
The governing body of the Township of Wall and the governing bodies of the other treated water purchasers have determined that their respective financial interests and thereby the interests of their residents would be better served and furthered by establishing a joint entity comprised of representatives of the treated water purchasers for the purpose of purchasing the water treatment and transmission facilities from the Monmouth County Improvement Authority. The intent and purpose of this enactment is to establish the joint authority.
Pursuant to N.J.S.A. 40:14B-5, there is hereby established a joint municipal water authority to be known as the Southeast Monmouth Utility Authority ("Authority") consisting of one member from the Township of Wall; one member from the Borough of Brielle; one member from the Borough of Spring Lake; one member from the Borough of Spring Lake Heights and one member from the Borough of Sea Girt.
The Authority shall possess such powers as authorized by law and approved by the local Finance Board.
Upon creation of the Authority in accordance with applicable law, the governing body shall appoint by resolution one individual to serve as a member of the Authority.
The governing body considered alternate means of undertaking and financing the proposed project and has determined that the creation of an authority is the most efficient and feasible means of providing and financing the project.