Jefferson County Pays Merrill Lynch to be Financial Advisor
The Jefferson County Commission agreed today to pay $75,000 a month to Merrill Lynch for financial advice regarding a deal to fix the county’s 4 billion dollar sewer bond debt.
Merrill Lynch will analyze the sewer debt, advise commissioners on bond rates and help find financial alternatives.
The county is currently in a 60 day negotiation period with lenders to try and restructure the debt.
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