May 24, 2007 in Idaho

McCall plans to pay judgment

Associated Press The Spokesman-Review
 

BOISE – The central Idaho vacation town of McCall is hoping to stave off a reputation-bruising bankruptcy with a plan to start paying off $6.2 million it owes construction and insurance companies that built and financed a lawsuit-plagued wastewater treatment plant.

The city still plans to appeal the federal judgment against it in the case, Mayor Bill Robertson told the Associated Press on Wednesday.

In a closed-door executive session Tuesday night, the City Council drew up a plan to use a $300,000 budget surplus to start payments to St. Clair Contractors Inc., based in Boise. The plan also calls for borrowing $600,000, the maximum under Idaho law, to be repaid from next year’s property tax receipts.

McCall would also ask a judge to allow it to raise property taxes to pay off the balance of the judgment over time.

Recent stories in Idaho
No comments on this story so far. Add yours!

    You must be logged in to post comments.
    Please create a profile or log in here.