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Goshen to assume sewer assets from Amy’s; board to finalize funding plan and legal review
Summary
Board discussed acquiring Echo Lake sewer assets from Amy’s with an asset purchase price of $1,500,000 paid over time. Members said assets and warranties will transfer to the town; details on funding, indemnity and the contract exhibits will be developed with outside counsel (Allison) and returned for approval within 30–45 days.
The Town Board reviewed a proposed acquisition of sewer/water assets from Amy’s and retained outside counsel (Delaware Engineering) to complete the transaction. The town would assume physical assets including HDPE pipe lines and related warranties; the asset purchase…
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