stands to gain nearly $360,000 from an agreement it entered into with Public Service Electric & Gas (PSE&G) .
The agreement calls for the township to receive half of the proposed monies within 30 days of the start of the project, and the rest within 120 days of the project’s start.
The breakdown of the money is as follows:
- $135,000 for fire and safety equipment, including equipment, supplemental police and safety employee overtime, emergency response equipment and resources, training for fire and emergency personnel and community outreach and education.
- $43,632 for planting of trees and other vegetation to mitigate the visual impact of the project.
- $180,000 to mitigate potential impact to residents, including increased construction traffic or noise. This includes funding for landscaping on municipal or private property and noise abatement.
In addition, PSE&G will set up an escrow account for the township of $12,120 for engineering, traffic control, street opening permits or curb cuts associated with the project.
No payments will be made to the township until after the project begins. The scheduled start date is Oct. 1, according to Jim Leach, Jefferson Township’s business administrator.
In return, Jefferson is giving up its right to oppose the project or challenge any court-ordered proceedings, unless the project is materially changed in such a way that it would financially impact the township, according to the agreement.
Jefferson must also provide PSE&G with access to any roads necessary to construct the line, at a fair market value.
The line will run right through the township, along with 16 other municipalities in New Jersey. The Board of Public Utilities (BPU) approved the line in February 2010.