ALBANY, Ore. (AP) — The city of Albany is putting to use some of the $20 million it received in a lawsuit settlement to forgo a sewer rate hike.
The city received $20 million in a settlement last year with PepsiCo. after one of its subsidiary companies pulled out of a development agreement.
Now, Albany is putting $840,000 to use to forgo a 7 percent rate hike, the Albany Democrat-Herald reports.
The city’s sewer fund has taken a hit with the closure of the Oberto food-manufacturing plant and production declines at industrial plants served by the system.
