Bond to cover post-closure costs for Ordot could come soon - KUAM.com-KUAM News: On Air. Online. On Demand.

Bond to cover post-closure costs for Ordot could come soon

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A key issue in the solid waste consent decree case could be resolved as soon as June. That's how soon one local expert says a bond could be floated to pay for the post-closure costs of the Ordot landfill.

If that happens, an expedited return of management control to GovGuam would be likely.

One day after a hearing at the now de-activated Ordot Dump to mark its final environmental closure, the parties in the case gathered again, but in the more traditional setting of the federal court building.

Chief Judge Frances Tydingco Gatewood must still decide on a financing plan for the $41 million in post-closure projects, and the timeline for the GovGuam takeover. The judge heard from Lester Carlson, who managed multiple, multi-million dollar bond issues during his time at GEDA. Carlson estimated a bond could be issued in 90 days, with plenty of investor demand, if a recent GWA bond is any indication.

Justice Department attorney Robert Mullaney said they would be delighted with any plan that puts the full $41 million in hand.

Meanwhile, the Guam Solid Waste Authority board is intent on recruiting a general manager and chief financial officer to begin the transition. Chairman Andrew Gayle said thirteen people have expressed interest. And, Attorney General Liz Barrett-Anderson said she has plans for a personnel transition team, to identify what positions are needed and to help transition contract employees to classified positions.

Chief Judge Gatewood said she prefers to close the case sooner rather than later, but she needs to be assured the post-closure requirements are financially sustainable.

The judge said she would issue a ruling shortly. 

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