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.


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