The paperwork has been completed for Toronto to purchase the Green Lane landfill in southwestern Ontario.
Mayor David Miller announced Tuesday that the city has reached an agreement with First Nations who live close to the landfill near St. Thomas.
Miller said those residents will be entitled to receive a four per cent payment for a community benefit fund. The agreement is similar to what other neighbouring communities receive from landfills.
"This is a very positive day for Toronto. Our future is secured in the event of a future border closing," Miller told reporters at a press conference.
Last week, Toronto city council approved deals with the Oneida Nation of the Thames and the Chippewas of the Thames, who had legally objected to the landfill purchase.
The agreements mean Toronto is on its way to closing the $220-million purchase of Green Lane from a private firm.
Toronto trucks almost 750,000 tonnes of garbage trash to Michigan each year. The deal, however, expires in 2010.
The Green Lane site has the capacity to accept Toronto's trash for at least 20 years.
Miller says the landfill will be a moneymaker for the city as they will accept trash from other municipalities.
The mayor has set a goal to increase the waste diversion rate to 70 per cent from 60 per cent over the next four years.
