K&M was hired by AmSouth Leasing, Ltd. to perform due diligence of a sale-leaseback transaction for the Adams Street wastewater collection facilities and treatment plant in New Jersey. AmSouth, acting through a U.S. trust of which it is the beneficiary, planned to purchase the economic ownership of this system from the North Hudson Sewerage Authority under a head lease with a term that extends for the full useful economic life of the system. At the end of the lease term, the North Hudson Sewerage Authority would have the option to purchase AmSouth Leasing’s interest in the systems for a fixed price or allow AmSouth Leasing, or a designee, to enter into a Service Contract with the North Hudson Sewerage Authority.