$95,000,000 Bonds Approved for Project
By Joe Potter
Pasco County Commissioners adopted a resolution on Jan. 6 by a vote of 5-0 calling for the issuance of $95,000,000 in bonds to finance, among other things, improvements and reconstruction of the Solid Waste Disposal and Resource Recovery System.
This would include, but not be limited to, authorizing the financing and reimbursingof the cost of the acquisition and/or construction of equipment, additions, extensions, improvements, and reconstructions of the Pasco County Resource Recovery Facility.
The addition of a 475-ton per day municipal waste combustionboiler would also beprovided for through funds received from the sale of the bonds.U.S. Bank Trust Company, National Association,was appointed as Trustee, BondRegistrar, and Paying Agent with respect to the bonds. It is a specialized entitywithin the larger U.S. Bank organization.
Also, a bid was awarded to BofA Securities, Inc. as senior manager,Raymond James & Associates, Inc., as co-manager, and J.P. Morgan Securities LLC as optional second co-manager for Banking/Underwriting Services, Solid WasteDisposal and Resource Recovery System Revenue Bonds, Series 2026A and 2026B, not to exceed $95,000,000.
