
The Gregg County, Texas, Commissioners Court has approved a tentative plan for nearly $6 million in improvements to a county landfill. According to the Longview-News Journal, Republic Services Inc., Phoenix, wants to use tax-exempt bonds to improve 29 of its solid-waste disposal facilities in the state, including up to $5.9 million in upgrades and expansion at its Gregg County landfill over the next three years.
Other Republic Services’ projects in the area include $6.9 million in improvements to its Jacksonville facility, $5 million to its Tyler facility and $5 million at its Mount Pleasant facility.
“The approval of the county is not to be construed as a representation or warranty or other undertaking of any kind by the county with respect to the bonds or the solid-waste disposal facilities, and the county will not be obligated to pay the bonds or otherwise incur any liability in respect thereof,” says Paige Abernathy of Bracewell law firm, Houston, which represents Republic. “Rather, the approval is to be granted solely for purposes of complying with Texas law and federal tax law.”
Republic has asked that Mission Economic Development Corp. (EDC), Mission, Texas, issue $86 million in tax-exempt bonds this year to finance the costs for all of its projects in the state.
Having Mission EDC issue the bonds saves the company thousands of dollars versus issuing separate bond packages for each of the 29 projects that will require $480.9 million in bonds over several years, says Ben Barker with the EDC.
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