San Juan County Retires Solid Waste Debt Early
Posted March 3, 2015 at 5:39 am by Tim Dustrude
The San Juan County Council authorized the re-payment of a limited tax general obligation bond at its February 24, 2015 meeting. The bond, secured in 2012, in the amount of $810,000, was necessary to provide operational funding for the solid waste utility, and consolidate its prior held debt.
According to County Manager Mike Thomas, early re-payment of the debt means the County will forego having to pay approximately $150,000 in interest payments it would have paid if the bond had gone to term. Re-payment of the debt signifies the completion of the County’s multiple year goal to transform solid waste services.
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