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Council approves refinance of $2.4M interfund loans to save solid waste utility costs
Summary
The council authorized refinancing interfund loans between the water utility and solid waste utility to extend terms and realize near-term savings; staff said the restructuring will fund a compactor/baler purchase and is expected to save about $360,000 annually in transport costs.
Port Angeles — The City Council approved a resolution authorizing refinancing of interfund loans from the water utility fund to the solid waste utility fund, a move staff said will reduce operational transport costs and finance purchase of a compactor/baler.
Director Carrizoza explained the change originated during the 2022…
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