Whenever the governing body shall be satisfied and finds that a water emergency exists in the Village of Ridgefield Park, it may adopt a resolution declaring that a water emergency exists in the Village of Ridgefield Park. Such resolution shall be adopted by the governing body at any regular, special, adjourned or emergency public meeting of the governing body. Such resolution shall identify that portion of the Village of Ridgefield Park affected by the water emergency, which may include the entire municipality, and shall specify which of the water use regulations contained in § 381-2 of this chapter is being imposed as well as any exemptions as may be authorized. Such resolution shall be effective immediately upon publication according to law and shall continue in effect for 90 days, unless extended or repealed as set forth in § 381-3 of this chapter. For the purpose of this section, a water emergency shall exist if, for any of the following reasons:
A.
The public utility providing water service to all or a portion of the Village of Ridgefield Park has adopted water use restrictions, has notified the Village of Ridgefield Park, the New Jersey Board of Public Utilities and the New Jersey Department of Environmental Protection, as well as any other state, county or local agency entitled to notice of such restrictions, and such restrictions are not overruled or declared invalid by any state, county or local agency having the jurisdiction and power to do so; or
B.
The governing authority is otherwise satisfied that a water emergency exists in the Village of Ridgefield Park.