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Mar‑Oco Committee approves $250,000 CD for landfill long‑term care fund
Summary
The Mar‑Oco Landfill Committee on March 13 approved investing $250,000 in a certificate of deposit with a maturity of no more than 10 years to support the statutory 40‑year post‑closure maintenance requirement for the landfill.
The Mar‑Oco Landfill Committee voted March 13, 2026 to invest $250,000 in a certificate of deposit to bolster the landfill’s post‑closure care account, Landfill Director Paul Klose told the meeting. The motion, made by Robert Hoyer and seconded by Joel Lavarda, passed with no negative votes.
Klose said state statute requires Mar‑Oco to maintain funding for 40 years after the landfill closes and that the committee staggers bank CDs to smooth market fluctuations. He told the committee the Marinette County Finance Department’s policy normally limits CD maturities to six years but staff identified a higher‑yield offering available for longer terms; the committee approved a certificate with a maturity length of no more than ten years.
The motion was recorded as "Motion (Hoyer/Lavarda) to approve the CD investment of $250,000 for the long term care of the landfill for a maturity length of no more than ten years." Committee members present and recorded as voting in favor were Al Schreiber, Bart Schindel, Joel Lavarda, Michael Ebsch and Robert Hoyer. No negative votes were recorded.
