Dept/ Agency: Water & Sewer Utilities Action: (X) Ratifying (X) Authorizing ( ) Amending Type of Service: Contract Agreement Purpose: Supply and sale of water from City of Newark's Pequannock Water Supply System to the Township of Pequannock Entity Name: Township of Pequannock, New Jersey Entity Address: 530 Newark-Pequannock Turnpike, Pompton Plains, NJ 07444 Agreement Amount: $2,361.38 per million gallons Funding Source: City of Newark's Pequannock Water Supply System City Contribution: No municipal funds required. Contract Period: January 1, 2010 through December 31, 2020 Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient (X) n/a Additional Information: Bulk rate and this rate may from time to time be modified as provided herein and or as prescribed by law. Invitation: Water & Sewer Utilities Consultant, May 17, 2011