After arguing for months, Exide Technologies and Frisco, Texas officials have agreed on a $45 million deal that will lead to the closure of a local Exide's battery recycling facility.  

The deal is designed to end disputes between the two sides over ground contamination and lead emissions.  The city will pay Exide the $45 million to close the plant.  

Exide spokeswoman, Susan Jaramillo, stated that the company was willing to fight the city, but considered Frisco's monetary offer fair.

The agreement will free up 180 acres of land near the soon to be closed plant for further development.  Frisco has been seeing significant growth in recent years.  Its population grew over 250% between 2000 and 2010.

"It was an opportunity to resolve all of our issues and create a return for our citizens," said Frisco Mayor Maher Maso, who noted that it seemed earlier this year that the two parties would head into litigation. 

The facility will close by December 31, 2012.  A total of 134 people will lose their jobs as part of the closure.