BUSINESS BID

BUSINESS PROPOSAL

A sale of the Borough’s wastewater system to New Jersey American Water offers the following benefits:

• A long-term solution to the challenges of owning and operating a wastewater system in the 21st century.
• The transfer of day-to-day operational responsibility and risk to the largest water and wastewater service provider in the state and an organization with personnel licensed in wastewater operations who are locally available, tested, and proven.
• Routine, consistent capital investment delivered by an in-house engineering team who oversees and administers timely and proactive improvements to the Borough’s aging wastewater system.
• Financial stability through a cash purchase price sufficient to pay off all wastewater utility debt and some of the Borough’s remaining general municipal debt.
• Rate stability through moderate rate change proposals, including a two-year hold of current rates, followed by a three percent annual increase for the next three years and a four percent annual increase for years six and seven, plus long-term stability from a team of professionals focused on operational efficiency to maintain affordable wastewater service.
• Customer service that starts with timely and accurate monthly billing of both water and wastewater service on the same bill with quality assurance measures that help minimize billing issues and customer confusion, as well as first-call service resolution when a customer does need to call.
• Financial assistance to customers whose annual income is at or below 300 percent of the Federal Poverty guidelines through New Jersey American Water’s H2O Help to Others Program™, administered by New Jersey SHARES.

CONFIDENTIAL INFORMATION

New Jersey American Water has marked certain information contained within this Proposal as confidential business proprietary information that is not for public disclosure (hereinafter “Confidential Information”). The Borough shall keep Confidential Information confidential and shall not disclose it even if the Proposal itself is made public. The Confidential Information shall not constitute a public record for the purpose of any “freedom of information,” “open public record” or similar type statute or regulation (an “Open Records Law”). In the event the Confidential Information becomes the subject of a public disclosure or similar request under an Open