A client sold a privately owned solid waste landfill that had ceased operation decades earlier to a utilities authority. Our firm negotiated the sale.
Under the agreement, the client transferred ownership of the landfill along with escrow monies dedicated to landfill closure in exchange for the utilities authority assuming all future environmental responsibilities. Our firm also negotiated and gained a guarantee by the County to ensure that the utilities authority met its agreed-upon responsibilities.
The transaction was subject to approval by state regulators, which the firm obtained. The transaction released the client from all future environmental responsibilities upon transfer of the landfill.