Summary
NORTH ARLINGTON - Property owners will pay $1,300 over 15 years under a financing plan approved Thursday that will return $2.4 million to EnCap's parent company.
The plan, which was unanimously approved by the Borough Council, allows North Arlington to borrow up to $3 million to cover the reimbursement plus interest and fees. Taxpayers on average will pay about $84 each year beginning in 2010, borough figures show. The debt payments will be added to tax bills that are regularly issued by the borough.See the full content of this document
Extract
Loans Ok'd to Repay Encap $2.4m
Councilman Albert Granell said the added cost is worth i...
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