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Board approves up to $63.5 million in revenue obligations for EDCO Waste & Recycling Services
Summary
The Board of Supervisors voted to authorize issuance of revenue obligations by the California Enterprise Development Authority to benefit EDCO Waste & Recycling Services; public commenters raised concerns about customer service, future rate increases and choice of vehicle fuel types for collection fleets.
On Sept. 10 the San Diego County Board of Supervisors approved a measure authorizing the issuance of revenue obligations by the California Enterprise Development Authority for the benefit of EDCO Waste & Recycling Services, allowing the company to finance facilities and equipment upgrades.
The proposal drew multiple public speakers who opposed the authorization or urged caution. Speakers questioned whether the debt would lead to higher customer rates, criticized EDCOcustomer service in some service areas, and asked whether investments would favor compressed natural gas (CNG) vehicles rather than electric trucks. "Does that mean trash services will go up in price later on? That's garbage," one caller said during public comment.
Supporters of the authorization were not represented in the public record at the board meeting; several speakers said the county should proceed cautiously and suggested authorizing a smaller amount as a pilot. Public commenters also raised concerns about a $16 million request tied to a Fallbrook site and urged the county to consider whether EDCO had sufficient financial reserves instead of going to bond markets.
Board discussion was brief. Supervisors noted the county does not underwrite private company debt and that the transaction would be executed through a third-party conduit (the California Enterprise Development Authority). The board then voted to approve the authorization. The motion passed unanimously with all supervisors present voting aye.
The item authorizes a revenue obligation issuance to finance EDCO capital projects; the staff report and board action do not change county rates directly. County staff said any impact on residential rates would be determined by EDCO and the contract cities or jurisdictions that purchase collection services.
The board action concluded the item; no amendments were recorded in the meeting minutes. The county clerk recorded public comment opposing the measure and requesting stronger consumer protections and transparency on how financed assets would affect service costs and environmental performance.
Next steps: the California Enterprise Development Authority and EDCO will complete financing documents and proceed according to the terms approved by the authority. County staff will record the boardresolution and file required notices regarding the authorization.
