Weld getting $100K as part of Abound settlement
DENVER — Weld County will get $100,000 for the $1.8 million in property taxes it was owed by bankrupt Abound Solar as part of a settlement.
The Denver Post reports the settlement was approved Wednesday in a meeting by Weld County commissioners.
Loveland-based Abound filed for Chapter 7 liquidation bankruptcy in July 2012 after the price solar panels collapsed. Hundreds lost their jobs as a result.
The government awarded Abound a $400 million federal loan guarantee in 2010. The company had used about $70 million of it when it closed.