add safeguards, and help provide funding for an important need for the 17,000 children that use our public schools - air conditioning.” “As revised, the contract would substantially reduce the term of the agreement. “My administration has heard the concerns from our community and we proactively sought revisions to this deal,” he said. However, the township's long-standing rate freeze for senior centers would remain intact, Lankey said. The $4.25 million annual concession fee would remain, but for 25 instead of 40 years, and a $105 million upfront concession would decrease to an amount still being negotiated, authorities said. A $370,000 concession agreement, however, would be reduced greatly, authorities said. Should the referendum not pass, and the new deal remain intact for the council to approve, Suez would still invest nearly $500 million in infrastructure repairs to crumbling water and wastewater systems. 10 referendum passes according to a township spokesman, would be for 25 instead of 40 years.
The new deal, which would be scrapped if a Sept. Watch Video: A tour of Edison's crumbling sewersĮDISON – On the eve of a special election on the issue, Mayor Thomas Lankey announced a scaled-down version of a controversial water and sewer deal with Suez.
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