Scripps is important to the county, but at what risk to taxpayers?
Shannon LaRocque
They went through the information, but I have had little time to digest it. We are still just scratching the surface.
information time
We're going to see higher construction costs anywhere.
What we don't have is the luxury of time for south county. So it's all the more important for them to get us information as soon as possible.. To assure that we've had the proper due diligence.
information luxury time diligence south important
It's significantly more complex because of the number of partners involved. We have a lot of work to do.
work complex
I feel very confident that the information we are providing to the governor will help alleviate his concerns.
information feel confident
It's all moving forward very, very nicely.
moving forward
We are actively negotiating. I think we will come to a resolution.
resolution
risk important
At the end of the 15th year, the county would reimburse Scripps the total expended on the premium, which is estimated at 2.8 million.
end
It comes down to liability. Two things have to happen to make this work. One is, Scripps has to have assets to back 00 million. Then, it is possible they are looking to the local governments to help make the annual premiums.
work things
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