THE PROCESS FOR COMPLETING A STORMWATER TREATMENT PURCHASE IS AS FOLLOWS:
Potential purchaser determines
Potential Purchaser (or their consultant) determines the quantity of stormwater treatment capacity required for a specific project.
Purchaser contacts NST
Purchaser contacts NST to determine stormwater capacity availability and timing.
Purchaser and NST enter into a capacity
Purchaser and NST enter into a Capacity Reservation Agreement. This Reservation Agreement locks in pricing and availability for a defined term to provide documentation and assurance to Purchaser during project design and permitting.
If capacity is not already available
If capacity is not already available, NST acquires a site-specific lease from FDOT and modifies the FDOT stormwater permit to create additional capacity. This typically takes 30-90 days to complete.
Purchaser and NST enter
Purchaser and NST enter into Capacity Purchase Agreement, which documents the amount of capacity allocated to the Purchaser for a specific project.
The transaction closes
The transaction closes with NST providing Purchaser a Capacity Allocation Certificate in exchange for the contracted purchase price.
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