Solid waste management board hear recommendation of debt repayment

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     The board of the Ozark Mountain Solid Waste Management District, which is comprised of judges and mayors from cities in Baxter, Boone, Carroll, Marion, Newton and Searcy counties, met Thursday morning in Harrison. Among items on the meeting's agenda was the greatly anticipated report from the receivers filed in Pulaski County circuit court in connection with a lawsuit by the Bank of the Ozarks representing bondholders from the NABORS landfill in northern Baxter County against the district.
     The board's attorney, John Verkamp, presented the report from the receivers which included their recommendation of assessing nearly 69,000 residential and business structures $18 annually beginning in 2017 and continuing until the debt is satisfied. Melinda Caldwall, executive director of the district, says the report was not well received by the board members.
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     If this recommendation is approved by the Pulaski County Judge, the funds would be used to repay the bond holders of the district's obligations associated with the NABORS landfill and the Arkansas Department of Environmental Quality. It would not be used to close the landfill, which is expected to cost in excess of a $15 million dollars, according to Caldwell, who says ADEQ is in the process of developing bid specifications for the permanent closure of the landfill located in northern Baxter County.
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     The board approved two electronic waste grants, that are restricted funds available to each recycle center in the district, according Caldwell. She says Baxter Day Services Center, the recycling center in Mountain Home, was the recipient of $63,500.
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     The board also elected Baxter County Judge Mickey Pendergrass chairman of the solid waste management district. His term begins January 1.

   

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