Description of the Water Treatment System Sample Clauses

Description of the Water Treatment System. The Middlesex Water Company is an investor-owned water utility that provides water service to retail customers primarily in eastern Middlesex County. Water services are now furnished to approximately 58,000 retail customers located in an area of approximately 55 square miles of New Jersey in Woodbridge Township, the Boroughs of Metuchen and Carteret, portions of Edison Township and the Borough of South Plainfield and the City of South Amboy in Middlesex County, and a portion of the Township of Xxxxx in Union County. The Middlesex Water Company obtains water from both surface and groundwater sources; however, the principal source of supply is the Delaware and Raritan Canal, owned by the State of New Jersey and operated as a water resource by the New Jersey Water Supply Authority. The determination of the costs allowable for assistance from the New Jersey Environmental Infrastructure Financing Program is presented below: 1. Administrative Expenses $ 99,000 $ 97,900 2. Other Costs $ …0 $ …0 3. Engineering Fees $ 160,000 $ 160,000 4. Building Costs $ 3,300,000 $ 3,263,330 5. Contingencies $ 165,000 $ 138,770 6. Allowance for Planning and Design $ 276,000 $ 276,000 7. Sub-Total $ 4,000,000 $ 3,936,000 8. DEP Fee (Financed Portion (50%)) $ 39,360 9. Total Project Costs $ 4,000,000 $ 3,975,360 A. Fund Loan (50% of Sub-Total) $ 1,968,000 B. Trust Loan (50% of Sub-Total) $ 1,968,000 C. DEP Fee (Financed Portion (50%)) $ 39,360 As a result of the review by the New Jersey Department of Environmental Protection, various line items may have been revised resulting in a change of the allowable costs for this project. The basis for the determination of the allowable costs is as follows:
Sample 1
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Description of the Water Treatment System. The Middlesex Water Company is an investor-owned water utility that provides water service to retail customers primarily in eastern Middlesex County. Water services are now furnished to approximately 58,000 retail customers located in an area of approximately 55 square miles of New Jersey in Woodbridge Township, the Boroughs of Metuchen and Carteret, portions of Edison Township and the Borough of South Plainfield and the City of South Amboy in Middlesex County, and a portion of the Township of Xxxxx in Union County. The Middlesex Water Company obtains water from both surface and groundwater sources; however, the principal source of supply is the Delaware and Raritan Canal, owned by the State of New Jersey and operated as a water resource by the New Jersey Water Supply Authority. The determination of the costs allowable for assistance from the New Jersey Environmental Infrastructure Financing Program is presented below: Cost Classification Application Amount Allowable Amount 1. Administrative Expenses $ 99,000 $ 92,158 2. Other Costs $ 0 $ 0 3. Engineering Fees $ 160,000 $ 160,000 4. Building Costs $ 3,300,000 $ 3,071,919 5. Contingencies $ 165,000 $ 153,596 6. Allowance for Planning and Design $ 276,000 $ 276,000 7. Sub-Total $ 4,000,000 $ 3,753,673 8. DEP Fee (Financed Portion (50%)) $ 37,537 9. Total Project Costs $ 4,000,000 $ 3,791,210 A. Fund Loan (75% of Sub-Total) $ 2,815,255 B. Trust Loan (25% of Sub-Total) $ 938,418 C. DEP Fee (Financed Portion (50%)) $ 37,537 As a result of the review by the New Jersey Department of Environmental Protection (“Department”), various line items may have been revised resulting in a change of the allowable costs for this project. The basis for the determination of the allowable costs is as follows:
Sample 1
Description of the Water Treatment System. The Middlesex Water Company is an investor-owned water utility that provides water service to retail customers primarily in eastern Middlesex County. Water services are now furnished to approximately 58,000 retail customers located in an area of approximately 55 square miles of New Jersey in Woodbridge Township, the Boroughs of Metuchen and Carteret, portions of Edison Township and the Borough of South Plainfield and the City of South Amboy in Middlesex County, and a portion of the Township of Xxxxx in Union County. The Middlesex Water Company obtains water from both surface and groundwater sources; however, the principal source of supply is the Delaware and Raritan Canal, owned by the State of New Jersey and operated as a water resource by the New Jersey Water Supply Authority. EXHIBIT A-2 Description of Loan EXHIBIT B Basis for Determination of Allowable Project Costs The determination of the costs allowable for assistance from the New Jersey Environmental Infrastructure Financing Program is presented below: Cost Classification Application Amount Allowable Amount 1. Administrative Expenses $ 99,000 $ 24,641 2. Other Costs $ 0 $ 0 3. Engineering Fees $ 160,000 $ 160,000 4. Building Costs $ 3,300,000 $ 3,486,025 5. Contingencies $ 165,000 $ 0 6. Allowance for Planning and Design $ 276,000 $ 276,000 7. Sub-Total $ 4,000,000 $ 3,946,666 8. DEP Fee (Financed Portion (50%)) $ 39,467 9. Total Project Costs $ 4,000,000 $ 3,986,133 A. Fund Loan (75% of Sub-Total) $ 2,960,000 B. Trust Loan (25% of Sub-Total) $ 986,666 C. DEP Fee (Financed Portion (50%)) $ 39,467 As a result of the review by the New Jersey Department of Environmental Protection, various line items may have been revised resulting in a change of the allowable costs for this project. The basis for the determination of the allowable costs is as follows:
Sample 1

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