By: Libi Uremovic | Original Article at Patch.com
City Owes $57,886,435 Today and Will Owe $65 Million by the End of the Year
On September 26th Judge Chaffee signed the WRCOG Judgement for $42,994,879; past Interest at $14,809,096; and $8,246 per day until paid in full.
“That Petitioner WRCOG have and recover from Respondent City of Beaumont prejudgement Interest on the above sum at the rate of 7 percent per annum from October 21, 2009 to September 22,2014, in the amount of $14,809,096, with interest accruing in the amount of $8,246 per day thereafter.”
As of October 2, 2014 the City of Beaumont owes $57,886,435.