Johnson County Approves Issuing Industrial Bonds

Johnson County Approves Issuing Industrial Bonds

Johnson County's Commissioners, at their Tuesday meeting, approved issuing Industrial Bonds for Uranerz Energy Corporation to help them complete and get their uranium mine in southern Johnson County operational.

Uranerz has approached and has received the blessing of the Wyoming Business Council, Governor Matt Mead and Attorney General Gregory Phillips to apply for the $20 million in bonds that will be issued by the county.

Barbara Bonds, attorney for the energy company, said the county will not be held liable for the bonds and explains how the bond issue works.

Glen Catchpole, Chief Executive Officer with Uranerz Energy, gave a presentation, saying once the facility is operational it will have 65 to 70 full-time employees with an additional 30 contractors to bring that number to near 100. Twenty percent of those employees are expected to be from Johnson County.
The company is projecting an annual payroll of $6 million and will generate an estimated $4.3 million in total tax revenue for the county.

Production is expected to begin in the fourth quarter of 2013.

The commissioners voted to approve Resolution No. 476 to back issuing the industrial bonds.

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