Commissioners grant 30‑day extension on REO road‑closure bond dispute; monitor payment schedule

The Davies County Board of Commissioners voted to grant REO an extension through the end of the month to work with bond counsel on the amount required under a road‑closure and closure‑bond arrangement tied to 200 North. Grant (county staff) updated commissioners that REO had submitted a notice of cancellation that the county was told had been addressed and that REO is restructuring a broader bonding package. "They're restructuring their entire bond program," Grant said, and the amount for this specific road is a component of a larger $40–45 million package tied to the White Stallion assets. The county noted payments received: Grant reported REO made a payment of $40,000 on the eighth toward reconstruction of the run‑around road and that REO agreed to make six monthly payments of $40,000. Commissioners discussed whether to pursue litigation but said they preferred to give REO 30 days to work with bond counsel and continue receiving monthly payments as evidence of good faith. A motion to extend time through the end of the month and to acknowledge the notice of cancellation was made and passed by voice vote. Commissioners recorded the motion as passing with the meeting indicating "motion passes 2‑0." The county attorney said he would contact counsel (Mr. Costello) in the next 30 days to nail down bond details. The extension does not resolve the underlying dispute over the proper bond amount; commissioners said they would monitor REO’s payments and revisit further action if needed.