Waldwick December 16, 2009 THE VILLADOM TIMES III • Page 5 Borough receives first check for SRECS The Borough of Waldwick has received the first of what officials hope will be many payments from the return on its investment in the solar energy conversion system. Borough Administrator Gary Kratz announced at a recent council meeting that the borough had received a check for nearly $7,000 for the Renewable Energy Credits (SRECS) generated as of Sept. 1. The credits accrue when excess power generated by the panels is sold back to the utility company. Councilman Frank Palladino praised former Councilman Dave Marino, present in the audience, for being the driving force behind the solar panel installation. “We had figured this in the original plan. This is the first and hopefully there will be a lot more checks in the future,” said Marino. “It was a way of getting money into the town,” he added. The funds are earmarked to pay off the $165,000 it cost to install the system earlier this year on the eigh-year-old building. At that time it was estimated the SRECS would generate about $11,000 a year in income. Additionally, the building’s electric bill was expected to decrease by $2,317 a year. The panels were installed on the roof of the municipal building on Franklin Turnpike this past summer once engineering consultants determined the building was a good candidate for the conversion. The public safety building was also considered but ruled unsuitable because of its orientation. The project is being funded through the farmland assessment rollback of the DiPippo Farm on Crescent Avenue. When the property, which had been assessed as farmland, was sold for development, it was reassessed retroactively for a three-year period, adding over $500,000 to the borough’s tax reserve. Special needs program eyed Waldwick is looking to put in place a program for children with special needs to get them to feel at ease about emergency responders. Councilman Charles Farricker said at a recent meeting of the mayor and council that he hoped the program could be in place by the end of the school year. “We are not sure yet how exactly it will be worked out, but hopefully it will be a good program,” Farricker said. (continued on page 10) Christmas T & Wreaths ������������������ rees ��������������������������������������������� November 27 – December 23 Weekday 3pm-10pm Weekend 10am-10pm Ramapo College Baseball Field • Finest premium trees and wreaths • Best prices in the area All proceeds to benefit Ramapo College Baseball Delivery Available ��������������������������������������������� ��������������������������������������������� ��������������������������������� ������������������������������������������������������������ ���������������������������������������������������������������� �������������������������������������������������������������� ����������������������� �������������������� ���������������������������� ����������������������� �������������� ������������������������ ������� ������������������������� �������������������������������� ���������������� ���������������������������� ������������ ������������������������������ ������������������������� ���������� �������������������� �������������������������������� 11-25-09 joan/janine RamapoCollegeBaseball2x2(11-25-09) 2 x 2” � Jo i n u s for a V ictorian christmas celebration 9-2-09 joan/janine BestBikes2x(9-2-09) 2 x 2.5” Correction FOR 11-11-09 FROM ALLISON At our Waldwick Office, decorated in Christmas Splendor Enter a drawing to win special holiday gifts E Gifts for children E Christmas Carols played at the branch office E Refreshments: Hot Cocoa, Coffee, and Christmas Cookies E Fridays and Saturdays during the month of December Win Special Holiday Gifts! Name Address M A K I N G A N I M P A C T Telephone Atlantic Stewardship Bank, 64 Franklin Turnpike, Waldwick, NJ 201-444-7100. Entry form must be submitted at our Waldwick Office before 12 noon, December 19, 2009. Drawing, December 19, 2009. 64 Franklin Turnpike Waldwick, NJ 201-444-7100 www.asbnow.com Branch offices located in Hawthorne (2 offices), Midland Park, Montville, North Haledon, Pequannock, Ridgewood, Waldwick, Wayne (3 offices), Westwood, and Wyckoff.