U.S. District Court Judge R. David Proctor yesterday ordered a special master be appointed to investigate and make recommendations with respect to disputed issues regarding the operation of the Jefferson County, Ala. Sewer System, including the enhancement of revenues, rates, potential reductions in expenses, claims against other parties, any related matters, and any matters referred by the court.
Jefferson County and the sewer bond trustee, the Bank of New York Mellon, as well as insurers Financial Guaranty Insurance Co. and Syncora Guarantee Inc. agreed to split the cost of the special master, which could be appointed as early as next week. The special master will submit a report to the court on or before Jan. 19.
A receivership hearing Monday was continued until Jan. 26, but the judge’s order concerning the special master was not entered until late yesterday. The order did not specify which issues remain in dispute between the parties.