— from San Juan County Communications —
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.
Congratulations to the county, a small but very important achievement!
Good work, one more challenge behind you.
Keep up the good work.
CD
Well done SJC and all those individuals who stand behind the name of “San Juan County.”