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Analyst: Compactor loan would cost city $135,000 a year


Copyright © 2021 Roswell Daily Record
Taking out a loan to purchase a new solid waste compactor for the landfill would add about $135,000 a year to the city’s debt service over 10 years, according to an analysis presented to members of the Finance Committee on Monday. Low interest rates could make that an attractive option when the Roswell City Council hears that request Thursday night.
Financing the compactor purchase was just part of the analysis presented by Erik Harrigan, managing director of RBC Capital Markets, Albuquerque. The analysis also looked at the city’s capacity for issuing general obligation bonds.
The City Council will consider at its regular meeting Thursday approving a request from the Solid Waste Department for a new Caterpillar 836K landfill compactor to replace a heavy-duty compactor that has broken down. ....

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