Common Contracts
1 similar Joint Consolidation Agreement contracts
SUMMARY OF THE JOINT CONSOLIDATION AGREEMENTJoint Consolidation Agreement • November 14th, 2023
The Joint Consolidation Agreement is to be entered into by the Town of Goshen with Water District No. 1 – Hambletonian Park Water District; Water District No. 2- Arcadia Hill Water District; Sewer District No. 3 – Stonehedge Water District; and Water District No. 4 – Scotchtown Park Water District. The Town will as of April 1, 2024 be consolidating these four water districts into one consolidated water district. All property of the four water districts will be transferred to the consolidated water district and any current liabilities from the Arcadia Hill Water District shall be paid from the consolidated water district balances. Any future bonded indebtedness, the cost of any capital improvements, personnel salaries, annual contract costs and any other fixed costs of the consolidated water district will be paid for based upon a facility fee calculated annually by determining the amount of fixed costs of operation, including but not limited to personnel salaries, annual contract costs
