NORWAY – Negotiations are under way for the Norway-Paris Solid Waste Corp. to sell its share of ownership of the recycling building next to its transfer station on Brown Street.
The talks have stalled, however, over what Norway-Paris Solid Waste thinks is a fair price for its 51 percent ownership, and what the recycling corporation, Oxford County Regional Solid Waste, is willing to pay.
The boards of the two nonprofit quasi-municipal corporations met May 26, and “they could not come to any agreement about a realistic sales price,” said Norway-Paris Solid Waste General Manager Alison McCrady.
The recycling board thinks upward of $20,000 is a fair price, according to regional Oxford County Regional Solid Waste Manager Warren Sessions. The Norway-Paris waste board had an appraisal done that determined a replacement value for the building of $210,000.
Half of that, or $105,000, is seen by the Norway-Paris board as a sensible starting point for negotiations, McCrady said.
“There’s a long way to go, but reasonable people can compromise,” she said.
Complicating negotiations is the fact that the building was originally owned by Norway-Paris Solid Waste Corp. After the Oxford County agency was formed, it added on to the building in 1991 using grant money.
A second $42,920 addition is currently being built, also using grant money, to handle recycling computers and television monitors.
Sessions said Norway-Paris Solid Waste initiated negotiations earlier this year when it offered Oxford County Regional Solid Waste the chance to buy the building.
The Oxford County board will discuss the matter in more detail at its next meeting at 7 p.m. July 14 at the recycling plant on Brown Street.
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