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>>

  • Governor appoints 3 to complete Cannabis Control Board

    Governor appoints 3 to complete Cannabis Control Board

    Two weeks since it was signed into law and things are really rollingalong. Gov. Lou Leon Guerrero appointed three people to Cannabis Control Board. They are ChamGlam Botanika owner and herbalist Ursula Herrera, Attorney Vanessa Williams and William ParkinMore >>
    Two weeks since it was signed into law and things are really rollingalong. Gov. Lou Leon Guerrero appointed three people to Cannabis Control Board. They are ChamGlam Botanika owner and herbalist Ursula Herrera, Attorney Vanessa Williams and William ParkinMore >>
  • Legislature will consider agency, board appointees next week

    Legislature will consider agency, board appointees next week

    Senators set the agenda for next week's legislative session. Twelve bills and a slew of agency director and board appointments were approved for debate during a rules committee meeting Thursday. One of the bills would ease the residency requirements for oMore >>
    Senators set the agenda for next week's legislative session. Twelve bills and a slew of agency director and board appointments were approved for debate during a rules committee meeting Thursday. One of the bills would ease the residency requirements for oMore >>
  • Former mayor of Sinajana Alfonso Pangelinan passes away

    Former mayor of Sinajana Alfonso Pangelinan passes away

    The island is mourning the loss of former Sinajana mayor Alfonso Matanane Pangelinan. Pangelinan was Vice-Mayor of the central village from 1965 to 1967 and Mayor from 1968 to 1973. He also worked for Governor Ricardo J. Bordallo during his two terms in oMore >>
    The island is mourning the loss of former Sinajana mayor Alfonso Matanane Pangelinan. Pangelinan was Vice-Mayor of the central village from 1965 to 1967 and Mayor from 1968 to 1973. He also worked for Governor Ricardo J. Bordallo during his two terms in oMore >>
Powered by Frankly