The City of Perth Amboy entered into a 20-year public-private partnership with Middlesex Water Company in 1999 for the efficient operation and maintenance of the City’s water and wastewater treatment and distribution facilities. Pursuant to the New Jersey water and wastewater privatization acts, the City leased the systems and sold a franchise in the systems to the Middlesex County Improvement Authority. The Middlesex County Improvement Authority issued $67,974,076.20 Utility System Revenue Bonds, Series 1999, a portion of which were capital appreciation bonds, to finance the leasehold/franchise acquisition, provide for capital improvements to the systems and refund outstanding City-system debt. The City and the Middlesex County Improvement Authority then entered into various operating and revenue agreements with Middlesex Water Company to run the systems. In 2004, the City, the Middlesex County Improvement Authority and Middlesex Water Company agreed to extend the public-private partnership for an additional 5 years through the issuance by the Middlesex County Improvement Authority of additional utility system revenue bonds that were subordinate to the original 1999 bonds issued. For more information on this project, please contact Edward J. McManimon, III, Member.
Case StudiesCity of Perth Amboy – Water and Wastewater FacilitiesEdward J. McManimon, III, Joseph P. Baumann, Jr., Matthew D. Jessup  Borough of Avalon – Potable Water and Wastewater SystemsIn 2002, the Borough of Avalon solicited proposals for the operation, maintenance and management of the Borough’s potable water and wastewater systems. McManimon & Scotland, L.L.C. assisted the Borough in the Request for Qualifications and Proposals under the competitive contracting provisions of the Local Public Contracts Law, the evaluation of such proposals and the eventual contract. The Borough entered into a 10-year agreement with American Water Services, Inc. In 2011, McManimon & Scotland, L.L.C. worked closely with the Borough, to publicly bid a new ten year operation, maintenance and management agreement with a private operator. Working with the Borough, we prepared a request for proposals that was made available online to potential bidders. The Borough was able to successfully negotiate and enter into a new ten year agreement with a subsidiary of the Middlesex Water Company. Additionally, the Firm negotiated a transitional contract with the American Water Services, Inc. and has been advising the Borough on its transition efforts. For more information on this project, please contact Joseph P. Baumann, Jr., Member. |