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Knox County Board authorizes bond process and approves bids for Landfill 4 work
Summary
The board authorized the treasurer to start the bond process to finance Landfill 4 construction and approved low bids and related contract actions for landfill work and closure of Landfill 3; meeting packet listed a financing figure of $29,413,008 and members discussed term options.
The Knox County Board on June 24 authorized the treasurer’s office to begin the bond process to pay for construction of Landfill 4 and the closure of Landfill 3 and approved related bids and steps to advance the project.
According to packet figures read at the meeting, "It was $29,413,008," a number cited during discussion of bond terms and long-term financing. The board approved moving forward with the low bidder (Miller Trucking & Excavation) for Phase 1 of construction and instructed staff to proceed with required documentation and bond planning.
Members asked about timeline and repayment period; one discussion cited 40 years while other comments referenced about $30,000,000 and varying terms. The board recorded its votes and authorized the treasurer to begin the bonding process so staff may pursue underwriting and finalize loan documents pending standard legal and procurement review.
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