CategoryWastach County

Jordanelle Special Services District Sued for Defaulting on Bonds

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We received an email over the weekend tipping us off to the fact that Jordanelle Special Services District (JSSD) was being sued by Wells Fargo and USSA for defaulting on its bond obligations. According to the complaint provided, “Plaintiffs [Wells Fargo and USSA] purchased revenue bonds from the Defendants [JSSD], thereby investing nearly $30 million in Defendants’ projects in Wasatch...

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