The sale of the Town of East Hampton's wastewater treatment plant is nearing, according to a report from this week.
A company from Lindenhurst wast the only one to submit a proposal for the town's attempt to privatize the scavenger waste plant on Springs-Fireplace. East End Processing Corporating, whose parent company is Clear Flo Technologies, wants to buy the plant for $300,000 or lease it for $1,000 a month for 30 years. The lease would start March 1 and the company has asked for an option to buy it within five years.
If the town does not sell, it would have to pay $18,575 per month to subsidize the costs of operating the site as a septic waste transfer station. That part of the deal would last two years, or until three months after the new owner gets the fully operational as a waste treatment plan, The Star reports.
Town Supervisor Bill Wilkinson said he was ready to move forward with a deal during a work session on Tuesday.