Wasn't this all a part of what the NJDEP COMMISSIONER recommended. I will definitely review his letter and presentation but I do recall his acknowledging the need for update on Asset valuation and bond capacity as part of the DEP's proposed study of how to regionalize TWW.
Yes, asset valuation is hard when records on the age and depreciation of equipment isn't available. Bond capacity, on the other hand, is straightforward and is discussed in all available reports. The study that the DEP Commissioner was seeking support for is one based on a regionalized model. What Council is asking for is one that is based on "establishment of a Trenton owned water utility authority."
Wasn't this all a part of what the NJDEP COMMISSIONER recommended. I will definitely review his letter and presentation but I do recall his acknowledging the need for update on Asset valuation and bond capacity as part of the DEP's proposed study of how to regionalize TWW.
Yes, asset valuation is hard when records on the age and depreciation of equipment isn't available. Bond capacity, on the other hand, is straightforward and is discussed in all available reports. The study that the DEP Commissioner was seeking support for is one based on a regionalized model. What Council is asking for is one that is based on "establishment of a Trenton owned water utility authority."