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Officials authorize bond counsel as landfill expansion bids prompt potential $20M borrowing
Summary
The committee authorized hiring bond counsel (ORIC) at a proposed not-to-exceed fee of $25,000 as staff reported landfill expansion bids around $20 million and discussed financing structure and haul-rate policy for large haulers.
Committee members authorized staff to contract with ORIC for bond counsel services to support an anticipated landfill expansion and potential borrowing.
Staff said bids for the project came in significantly higher than expected—“bids essentially came in about $20,000,000,” a presenter reported—and recommended a not-to-exceed fee of $25,000 for bond counsel to advise on borrowing. Members questioned discounted gate rates offered to large haulers and the long-term effect on landfill fill rates and revenues; staff said they are preparing options on rate structures and contract expirations for future committee review.
