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Legislature authorizes seeking bond counsel as landfill expansion financing discussed
Summary
The committee authorized contracting bond counsel (Orec) in preparation for borrowing to finance a planned landfill expansion; staff said bids came back high (about $20 million) and recommended a not-to-exceed bond-counsel fee of $25,000 while discussing potential rate changes for large haulers.
Steuben County staff requested authorization to contract bond counsel (Orec) to prepare for borrowing to finance a landfill expansion. Staff said construction bids returned "about $20,000,000" and that they are still finalizing whether the county will cover a portion of the project with cash and bond the remainder; they proposed a bond-counsel authorization not to exceed $25,000.
Committee members pressed on how preferred rates for large haulers affect landfill longevity and county revenue; staff said they are reviewing contract terms and will bring recommendations on potential rate adjustments and contract renewals. The committee moved and seconded the bond-counsel authorization to ensure counsel is available during financing discussions; staff indicated the likely bonding term under consideration would be roughly seven years, with cash-flow modeling tied to the useful life of the landfill cell.
