June 23, 2011

Thursday’s Water News: Jefferson County (Ala.) Sewer Debt May Have Them on Verge of Bankruptcy

Posted in Alabama, Arkansas, Illinois, Maine, Michigan, Minnesota, Ohio, Oklahoma at 5:17 pm by bengann

Top Story
The Alabama court-appointed receiver in charge of managing Jefferson County’s sewer system — as well as its defaulted warrants and swaps — is demanding that the county turn over $75 million from its general fund. The demand for millions from the municipality could be the catalyst that forces Jefferson County to file for the largest municipal bankruptcy in U.S. history.

Other Headlines
Owosso, Michigan had a sewer overflow of approximately 40,000 gallons on Tuesday and Wednesday after 2.71 inches of rain fell in the area over the last two days.

USDA has awarded $2.7 million to Rockland, Maine for upgrading its sewers.  Rockland City Manager Rosemary Kulow said, “In these challenging economic times, municipalities and their citizens can use all the financial assistance they can get, especially when it comes to the expensive replacement of old, worn out utility infrastructure.”

In more news concerning USDA awards, Stuttgart Arkansas will receive a $7 million loan from the agency for the purpose of replacing 26.5 miles of drinking water infrastructure which provides service to 2,000 customers.

15-year municipal bonds carrying a an interest rate of just over 3 percent will be issued to finance a $2.4 million in sanitary sewer improvements in Granite Falls, Minnesota, one of the largest utility projects every undertaken by the city.

Water and Sewer Rate News
Antioch, Illinois
Bay Village, Ohio
Clermont County, Ohio
Locust Grove, Oklahoma

I will not be posting tomorrow but look for the next post on Monday, June 27.

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