Federal receiver refutes claims of bankruptcy - KUAM.com-KUAM News: On Air. Online. On Demand.

Federal receiver refutes claims of bankruptcy

Posted: Updated:

by Mindy Aguon

Guam - Federal receiver Gershman, Brickner & Bratton has submitted a special report to the District Court of Guam, giving time frames for the procurement process for the closure of the Ordot Dump, which is expected to occur in late 2015.  The receiver is looking to begin two procurements in July for the closure of the Ordot Dump itself and the second for construction management services in connection with the closure project. 

There has been a request to the court to delay those procurements but receiver representative David Manning maintains that the government and the people of Guam are not negatively affected by their release. Concerns have been raised that the unknown cost of the closure of the Ordot Dump will result in the people of Guam bearing significant debt and getting a landfill that will be bankrupt by the time it is transitioned to the Solid Waste Authority board.

Manning says the division now operates more efficiently and has more than $11.2 million in operating cash in the bank. 

He adds the people of Guam are being misled.

  • NEWS HEADLINESMore>>

  • 3 arrested in robbery near Tamuning restaurant

    3 arrested in robbery near Tamuning restaurant

    Three people are accused in a Sunday night robbery and purse snatching in the parking lot of a Tamuning restaurant. Roy Craig Guerrero, 33, Cameron Guerrero, 26, both from Agana Heights and a 16-year-old-boy each face charges of robbery, theft of propertyMore >>
    Three people are accused in a Sunday night robbery and purse snatching in the parking lot of a Tamuning restaurant. Roy Craig Guerrero, 33, Cameron Guerrero, 26, both from Agana Heights and a 16-year-old-boy each face charges of robbery, theft of propertyMore >>
  • No plywood, no problem: man gets permission to use political signs as shutters

    No plywood, no problem: man gets permission to use political signs as shutters

    Hunkering down and securing properties before the onset of Typhoon Mangkhut, Guam residents were serious about storm preparations. It was no different for Robert Vasquez, a local teacher who came up with a rather interesting way to secure his home. It wasMore >>
    Hunkering down and securing properties before the onset of Typhoon Mangkhut, Guam residents were serious about storm preparations. It was no different for Robert Vasquez, a local teacher who came up with a rather interesting way to secure his home. It wasMore >>
  • New lawsuit files alleging molestation by priest

    New lawsuit files alleging molestation by priest

    Mediation talks may have started on Monday, but the lawsuits continue to be filed. The latest complaint comes from a 68-year-old man only identified by his initials, J.W. He alleges he was molested by Father Louis Brouillard at the Malojloj parish and FatMore >>
    Mediation talks may have started on Monday, but the lawsuits continue to be filed. The latest complaint comes from a 68-year-old man only identified by his initials, J.W. He alleges he was molested by Father Louis Brouillard at the Malojloj parish and FatMore >>
Powered by Frankly