NORTHAMPTON, Mass. (WWLP) – The Hampshire Council of Governments will be ending its operations soon. They are currently looking for homes to house the programs they’ve provided over the years.
The Council’s been preparing for this day for some time. They plan to minimize the impact on county residents who rely on the Council’s programs.
Including the regional purchasing co-op, which helps reduce the costs of services for communities. The Council is looking to sell its assets, which includes the Hampshire County Courthouse, to pay off nearly $5 million in debts.
By selling its assets, the chairman said, the council can afford to “permanently” fund all of the retirement and healthcare liabilities for former county employees.
“We believe the assets we hold, including the Courthouse, totals more than what those liabilities are,” said Russ Peotter, chairman of the Council. “So, I think the retirees can be comfortable that they will be take care of.”
Peotter told 22News, the council will need another $800,000 for closing costs, bringing the total to $5.5 million to wrap things up.
Peotter said they hope to close by the end of the fiscal year, which is June 30, but it could take longer.