
The Jefferson County Commission and the court appointed receiver of its sewer system are on stand still for 30 days.
Commissioners will use the time to try to negotiate a settlement with creditors and the state on the $3 billion sewer debt.
Commission President David Carrington says during this 30 days, under good faith, the county will not file bankruptcy and the receiver will not raise rates. Carrington says the hold agreement is a good sign of progress.
"There's been substantive conversations over the last week and what that standstill agreement says is there's optimism on all parties," said Carrington on Tuesday.
As a part of the 30 day standstill, court appointed receiver John Young postponed a public hearing on the proposed 25 percent sewer rate hike scheduled for Wednesday.
Copyright 2011 WBRC. All rights reserved.
![]() | EXPLORE MYFOXAL.COM All
content © Copyright 2000 - 2012 WorldNow and WBRC, a
Raycom Media
Station.All Rights Reserved. For more information on this site, please read our Privacy Policyand Terms of Service. |