NSCUDD purchased the solid waste management (trash) operation from the Developer in 2012 for some $55 million. No land and very little equipment was involved in this sale. NSCUDD received exclusive rights for trash pickup services from the developer for residential customers who signed this right when they purchased their new home from the developer and some commercial accounts. The determination of value (purchase price) is made by projecting out the likely income accumulated over a 30 year time period by two valuation firms and then a formula is used to determine the final price. So, the developer gets exclusive rights for almost free that are sold for a handsome profit. I personally don't like the process for establishing the value that is used but it is perfectly legal and many believe the best way to make this type of a purchase.
The purchase of the two water systems between 466a and 44 by NSCUDD from the developer followed this same valuation procedure.
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