Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Mutual fund SIP inflows surge to Rs 3.34 lakh cr in 2025; contributions peaked in December
    • BSEC okays draft prospectuses of three closed-end mutual funds
    • Thematic funds disappointed investors in 2025: Should you bet on them this year? Experts weigh in
    • Mutual fund SIP inflows hit record ₹3.34 lakh crore in 2025
    • Selling commercial property? You might be valuing the wrong thing
    • Why caution, not speed, will define property success in 2026
    • Buy These 3 AI ETFs Now: They Could Be Worth $15 Million in 30 Years
    • Tradr Fires Up High‑Octane 2x ETFs Targeting Rare Earths, AI, Defense – Critical Metals (NASDAQ:CRML), Tradr 2X Long CRML Daily ETF (BATS:CRMX)
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Bonds»Lane County commissioners approve $35M bond for waste processing plant
    Bonds

    Lane County commissioners approve $35M bond for waste processing plant

    August 27, 2024


    play

    Coffin Butte Landfill north of Corvallis under scrutiny

    Members of Oregon’s Congressional delegation are asking the U.S. EPA to investigate Coffin Butte Landfill.

    In a 3-2 vote on August 20, the Lane County Board of Commissioners approved the issuance of $35 million in bonds to fund a planned waste processing facility, marking a significant step forward for the project despite ongoing public controversy. The 3-2 margin, mirrored the commissioners’ divided stance from their previous discussions.

    The facility, now named the CleanLane Resource Recovery Facility, was initially greenlit by the board in December under its former name, the Integrated Materials and Energy Recovery Facility (IMERF). Tuesday’s votes edited the board order to outline the partner as BHS Projects @ Lane County, rather than the parent company Bulk Handling Systems. The $35 million in bonds would cover Lane County’s portion of the project costs.

    Public opinion on the project remains deeply divided. More than 30 people spoke at last week’s meeting with arguments echoing those raised in November.

    Proponents praised the board’s earlier vote and said the project would extend the landfill’s lifespan, reduce the county’s carbon emissions, create jobs and spur economic growth.

    However, opponents — who outnumbered the supporters during the meeting — urged the board to reverse its earlier vote or refer the project to a ballot. They raised concerns about potential harm to nearby residents and the expected increase in garbage and electricity rates, as well as the risk of cost overruns.

    The commissioners stood firm, voting along the same lines as they did in December and rejecting the proposal to send the matter to the ballot.

    “Our job is actually to filter far more information over a far longer trajectory of time than any individual constituent.” Commissioner Laurie Trieger said. “Never (does) any one of us ever make a decision that pleases every constituent we have, but we do all have a commitment to making responsible decisions.”

    Dan Hurley, the county’s public works director, said the initial board order selecting the parent company rather than the shell company was his mistake, and county staff outlined the benefits of letting BHS use a shell company. That decision means if the project goes poorly, BHS proper can’t be tapped for assistance (which opponents highlighted) but also that this project can’t be tapped if a separate BHS project goes poorly (which proponents highlighted).

    The county estimates its portion of the project’s cost at $35 million, excluding the $1.5 million already spent on land acquisition and a planned $1 million investment in wetland mitigation. The bonds authorized last week will be repaid over 20 years, accruing nearly $24 million in interest, funded through anticipated increases in tipping fees. The average residential customer is expected to see annual rate increases totaling a monthly increase of $2 to $2.40 in garbage service charges.

    The project has also attracted legal questions. In the time since commissioners approved the project, two entities have threatened lawsuits over it: a group of Lane County garbage haulers in March and the Emerald People’s Utility District in August.

    The haulers alleged the contract as drafted at the time was illegal because it was awarded to a shell company and included a clause that could obligate the county to purchase the facility’s equipment from BHS in the event of contract termination. The haulers alleged this violated a provision in Oregon’s constitution barring local governments from lending credit to companies. Devon Ashbridge, the county’s public information officer, said that buying equipment is not loaning credit.

    Either way, Lane County’s actions last week partially addressed these concerns. Commissioners edited the board order to match the contract, and the county shared an updated draft of the contract with BHS. This isn’t final, but negotiations appear to have led to a draft more favorable to the county than the one discussed last year, and no longer requires the county to buy BHS equipment if the company defaults.

    Jake Pelroy, a political consultant and president of the hauler’s association, said the association “believe(s) there are still significant legal issues.” The association’s next steps were to file a pair of prospective referendum petitions Thursday, which if approved by the Clerk’s Office would give Pelroy 90 days to gather signatures to refer the project to a county-wide vote.

    EPUD alleged the county’s plans violate their current contract, which lets EPUD siphon methane from the county’s Short Mountain Landfill to generate electricity because it sets up the digester in a different location and diverts waste from the landfill.

    EPUD cited a provision in the 2018 contract saying it “amend(s) and restate(s), in its entirety, the terms and conditions of the 1986 agreement,” to say the 1986 provision that the “County shall not otherwise utilize or dispose of such solid wastes” is still binding. It also cited that the 2018 contract gives the county authority to “install generating facilities at the Landfill.” (EPUD’s emphasis)

    Ashbridge said, “the old contract no longer applies.”

    Hurley told commissioners that earlier plans for CleanLane placed it at the landfill, but “there just wasn’t an area at the landfill where we could fit it.”

    Alan Torres covers local government for the Register-Guard. He can be reached over email at atorres@registerguard.com or on X @alanfryetorres.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Bloomberg defers inclusion of Indian government bonds in Global Aggregate Index: Report

    January 12, 2026

    The Premium Bonds winners in Iran, Russia and Syria who have scooped £17,400 in prizes since 2020

    January 12, 2026

    Indian bonds inclusion in Bloomberg Global Aggregate Index deferred, review open

    January 12, 2026
    Leave A Reply Cancel Reply

    Top Posts

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    Selling commercial property? You might be valuing the wrong thing

    January 13, 2026

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023
    Don't Miss
    Mutual Funds

    Mutual fund SIP inflows surge to Rs 3.34 lakh cr in 2025; contributions peaked in December

    January 13, 2026

    NEW DELHI: Mutual fund investment through systematic investment plans (SIPs) has surged to an all-time…

    BSEC okays draft prospectuses of three closed-end mutual funds

    January 13, 2026

    Thematic funds disappointed investors in 2025: Should you bet on them this year? Experts weigh in

    January 13, 2026

    Mutual fund SIP inflows hit record ₹3.34 lakh crore in 2025

    January 13, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    HK fuels Chinese investments in Indonesia – World

    June 17, 2025

    H-LP School Board Schedules Hearing On Proposed $1.6 M School Infrastructure Sales, Services & Use Tax Revenue Bonds

    July 16, 2024

    Public Finance Authority to Offer $23.3M in Bonds for Multifamily Housing

    December 9, 2025
    Our Picks

    Mutual fund SIP inflows surge to Rs 3.34 lakh cr in 2025; contributions peaked in December

    January 13, 2026

    BSEC okays draft prospectuses of three closed-end mutual funds

    January 13, 2026

    Thematic funds disappointed investors in 2025: Should you bet on them this year? Experts weigh in

    January 13, 2026
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    ₹10,000 monthly SIP in this mutual fund has grown to ₹1.52 crore in 22 years

    September 17, 2025
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.