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

Posted: Updated:

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. 

  • NEWS HEADLINESMore>>

  • Police searching for 2 men in Crown Bakery robbery

    2 men rob crown baker, police searching for blue Paseo

    Police are on the look out for two suspects who robbed a man outside of the Crown Bakery in Barrigada Monday morning. It happened in the parking lot of the bakery around 10:30 a.m. Employees confirm two suspects robbed the victim before taking off in a blMore >>
    Police are on the look out for two suspects who robbed a man outside of the Crown Bakery in Barrigada Monday morning. It happened in the parking lot of the bakery around 10:30 a.m. Employees confirm two suspects robbed the victim before taking off in a blMore >>
  • Daniel Fejerang arrested for arson

    Daniel Fejerang arrested for arson

    He allegedly punched the victim in the face and held a machete to his neck. 30-year-old Daniel Quinata Fejerang was arrested and charged with family violence, arson, and assault. The victim in this case reported Fejerang, days prior, had tried to set his More >>
    He allegedly punched the victim in the face and held a machete to his neck. 30-year-old Daniel Quinata Fejerang was arrested and charged with family violence, arson, and assault. The victim in this case reported Fejerang, days prior, had tried to set his More >>
  • UOG Latte Tones take gold in Thai choir competition

    UOG Latte Tones take gold in Thai choir competition

    The University of Guam Latte Tones snagged a gold medal in their division this past weekend at the 11th Grand Prix International Choir Competition in Thailand. The UOG Latte Tones is an pop, a capella and jazz choir. Under the direction of Dr. Randall JohMore >>
    The University of Guam Latte Tones snagged a gold medal in their division this past weekend at the 11th Grand Prix International Choir Competition in Thailand. The UOG Latte Tones is an pop, a capella and jazz choir. Under the direction of Dr. Randall JohMore >>
Powered by Frankly