The company may also agree to pay the authority an additional $1-per-ton fee for the use of equipment at the center that was purchased using grant funds, according to the lease.
The fee would be paid to the authority until the amount equals the value of the equipment, according to the statement.
The value of the equipment will be determined when company and authority officials meet before Tuesday, said George Hunyadi, a partner with West Virginia Recycling Services.
The company also plans on purchasing equipment currently owned by the authority that was not bought using grant funds, Hunyadi said. The cost of this equipment will be offset by the company's purchase of a new scale, which will run approximately $70,000, he said.
For example, if the equipment being purchased is valued at $100,000, then the company would pay the authority $30,000, Hunyadi said.
However, the scale becomes the property of the authority once it is installed, Watkins said.
There is no provision in the lease outlining what items the company must recycle. However, Hunyadi expressed his determination to maintain the same services prior to the spring shutdown of the building.
This would include glass, he said.
There is a very small market for recycled glass, and Hunyadi is working with companies to find a use for recycled glass, he said.
"I'm talking to a company that is looking at doing a pilot program where they would use crushed glass on jogging paths," he said.
The Solid Waste Authority previously gave pulverized glass away to residents for decorative purposes. The pulverized glass is safe to use as a ground covering and is not sharp.
Hunyadi hopes to have all renovations completed and the recycling center up and running before spring. He plans to use West Virginia contractors in the renovations, he said.
The lease will be before the Solid Waste Authority board during a meeting that begins at 10 a.m. The board meets in a trailer next to the Slack Street recycling center.