DENCO II gets bond approval from city
DENCO II has authorization to pursue up to $10 million in industrial revenue bonds after the Morris City Council approved "conduit financing for the Morris-based ethanol plant at its meeting Tuesday.
Through the process, DENCO II must receive approval of the city to apply for the financing. In conduit financing projects, the city is not liable for any repayments or losses suffered by the company.
Are you a newspaper subscriber but you don't have a Digital Access account yet? You can activate your account here: Activate All Access.
You will need your subscription account number and phone number. Not sure if you have an account? Email us at email@example.com and we can help you.