On the vote on hotel loans for that landfill
The Tuolumne County Board of Supervisors voted Tuesday to a $ 6.33 million to help pay for re-election to close the discharge of Jamestown.
County Administrative Officer Craig Pedro is a financial plan for supervisors, that the contours of a loan from the California State Association of Counties authority of the insured person, organization, agriculture of the borough receives a majority Part of his insurance.
The CSAC franchises joint authority is a competence of the Agency serves the insurance and risk management needs of counties of California.
The EIA is not a bank, Pedro said.
“It is truly unique,” he said. “I do not think this is already done.
The EIA has accepted the county loan of $ 6.3 million, are repaid in five years, with payments of settlements are applied immediately on the loan. It is an interest rate of 5 percent for the year 2007-08, 4.35 percent interest rate for the year 2008-09 and in subsequent years, the rate is of the EIA Board.
The loans are “really good”, said Pedro.
The cost estimate for the renewal of the closure of the landfill Jamestown is $ 7.4 million, the financial plan sets. It is a balance of $ 573633 in the discharge of Jamestown final position of trust funds and a zero interest in landfills Compliance loan from the California Integrated Waste Management Board. According to the financing plan, on agriculture for the borough of loans amounting to a maximum of $ 500000 With these three sources of income, the county would be able to pay for the closure of the landfill.
The budget also contains a degree of contingency supplements.
The plan defines the purpose of the EIA, it is ready, the re-closure of the project to move forward, while the county time to insurance settlements and other sources in relation to third the failure of the first closure of the landfill.
The Committee also authorized the closure of specifications for construction and advertising for bids for construction projects.
The Landkreis Ingenieurbüro, Geoma Trix, has completed plans and specifications for the final project. Engineer, Jim Wyse, monitors Engineering.
The province has a deadline for the start of construction on July 1 and complete it by December 31, 2008.
“We are doing our darnedest to achieve these (possible),” said Peter Rei, Public Works director.
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