The Nantucket Select Board voted unanimously to authorize the town manager to execute three documents that together transfer ownership of the island’s composting and transfer‑station assets and set a new contracted operating arrangement with the current operator, Waste Options Nantucket.

The board approved (1) an asset purchase and sale agreement (APSA) that defines the property and assets the town will acquire, (2) a waste services agreement that details the operator’s responsibilities and compensation under the new operating model, and (3) a repairs letter agreement setting specific pre‑closing maintenance obligations. The select board motion to authorize the town manager to sign the three documents passed unanimously.

Why it matters: Town staff and outside consultants said the purchase and the revised contract give the town more control and transparency over operations and costs. Town officials said the agreements were negotiated to protect the town’s interest, to assign warranties and to set performance guarantees and bonding requirements for the operator.

Transition and budget timing: Town staff described fiscal year 2026 as a transition year. The closing date for the asset purchase is scheduled for Nov. 30, 2025, meaning FY26 will be split: the town expects the legacy contract to cover services from July 1 until Nov. 30 and the new contract to apply from Dec. 1 through June 30. The town said budget line items have been prepared to accommodate both periods; a public request at the meeting asked that the detailed service‑fee exhibits be made available online.

Operational details and security: The new waste services agreement includes a detailed technical operations plan as an exhibit (over 100 pages), a multi‑item service‑fee schedule and a requirement that the operator maintain a performance bond. Town legal staff said fallback security options are available, including pledging equipment if bonding lapses.

Public questions and next steps: A reporter asked for the contract price and the service‑fee exhibit; town counsel and consultants said detailed exhibits are in the packet and offered to make additional fee exhibits available online. The Select Board’s vote authorizes the town manager to execute the documents; the agreements will move toward closing and the town said staff will continue public communications as the documents are finalized.

Ending: Select Board members praised the negotiating team and consultants for the work on a complex, multi‑year procurement. The board’s vote was unanimous.