JeffCo to consider modified financing plan with creditors - ABC 33/40 - Birmingham News, Weather, Sports

JeffCo to consider modified financing plan with creditors

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It appears the Jefferson County Commission is one step closer to reaching a deal with sewer creditors.

Commission President, David Carrington, announced a meeting Thursday, October 31 at 3:00 PM at the Commission chambers.

During that meeting the Commission will consider a modified financing plan which is said to incorporate the agreements the Commission has reached "in principal" with representatives of the major sewer creditor groups.

Carrington wrote, "Our fellow Commissioners have been steadfast throughout, and for that we are grateful. Without question, more work remains to get the County out of bankruptcy by the end of the year, including confirmation of our plan and the successful placement of the new sewer warrants. The agreement is subject to documentation and bankruptcy court approval."

Further information to follow. Stay tuned to ABC 33/40 and for the latest.

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