The Humboldt Bay Municipal Water District voted to accept a partial payment of $80,000 to be paid by DG Energy Solutions of Fairhaven for logs they are buying from Evergreen tomorrow. California Redwood is foregoing a lien on Evergreen property for just this transaction. (Why couldn't Cal Red do the same thing to allow workers to be paid?)
Evergreen has agreed to pay the other $75,000 by next Tuesday after finalizing a financial transaction that will allow for more funds to be dispersed. Jim Lund was not at liberty to discuss the situation due to lack of information or confidentiality.
So we still do not know for sure who the new owners of the plant are.
This is putting the water district in a tough spot to do long term planning for the water district. I hope this all plays out soon.
THE MAY ECONOMIC INDEX IS IN! - From the hardworking crew at HSU, the May stats are in. Lowest unemployment in YEARS! Read the whole report HERE.
2 hours ago