[Adopted 12-23-1974 by Ord. No. 573-74]
The Caldwell Wastewater Treatment Plant, located off of Passaic Avenue in West Caldwell, New Jersey, and the sewerage system constructed by and owned by the Borough of Caldwell located in Caldwell and West Caldwell, New Jersey, and the services rendered through the employment of said property shall hereafter be known and designated as the "Caldwell Sewerage Utility."
Effective January 1, 1975, the Caldwell Sewerage Utility shall be operated as a municipal public utility in accordance with the Local Bond Law, N.J.S.A. 40A:2-1 et seq. and the Local Budget Law, N.J.S.A. 40A:4-1 et seq.
Effective January, 1, 1975, the Caldwell Sewerage Utility shall assume all of the obligations and receive all of the revenues arising from all contracts to provide sewage treatment service heretofore entered into by the Borough of Caldwell.
The Caldwell Sewerage Utility shall not be available for public use (except for users within the geographic limits of the Borough of Caldwell) and shall only provide sewage treatment services to contractual customers pursuant to contracts authorized by the Borough Council of the Borough of Caldwell.
The Caldwell Sewerage Utility shall be managed and administered by the Borough of Caldwell through persons designated by the Mayor, with the advice and consent of the Borough Council, and a reasonable administration charge (to be annually fixed by the Borough Council) shall be paid by the Caldwell Sewerage Utility to the Borough of Caldwell for said service.
All costs attributable to the Caldwell Sewerage Utility shall be charged to it, including the debt service on obligations issued or to be issued on account of capital improvements heretofore or hereafter made to the sewage treatment facilities or sewerage system, insurance, employee benefits or other indirect expenses.
All costs of the Caldwell Sewerage Utility paid or to be paid out of the current fund of the Borough of Caldwell, and the administration charge, may be offset against any sewer rental charge made by the Caldwell Sewerage Utility to the Borough of Caldwell.