Attorney: Syntech financing moving forward; county will not take project risk
County counsel Andy Phillips told the committee negotiations with the Board of Commissioners of Public Lands and Cintec are advancing; Syntech agreed to cover county legal fees and the parties hope to close financing by late November or early December, but county expects documentation that limits county risk.
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Attorney Andy Phillips briefed the committee on negotiations tied to a proposed Syntech financing arrangement involving the Board of Commissioners of Public Lands (BCPL) and Cintec. Phillips said conversations with BCPL and Cintec are continuing and that definitive documents (term sheets and agreements) remain under development.
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