LASA offers to buy Columbia sewer system in $22.5 million deal

The Lancaster Area Sewer Authority is offering $8.6 million to purchase Columbia's wastewater assets and take over its management.

If the offer is accepted, according to documents, LASA would also assume responsibility for the principal and interest owed on a bond that was taken out in 2010.  That responsibility would begin at the time the deal is finalized and continue through 2020. This would save the borough $4.27 million in payments.

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