In their meeting Thursday, the Mammoth Town Council planned to talk in closed session about the MLLA debt settlement offer and about internally borrowing roughly $4.4 million to pay lawyers, consultants and a DIF fund imbalance. The money issues have deepened for the Town of Mammoth. The Town Council faced analyzing the recent and somewhat […]
It’s official. The Town of Mammoth has two councilmember-elects who will take seats on the Council June 20th. With all of the problems that face the Town of Mammoth, only two candidates signed up to run for two open seats – Mayor Jo Bacon and Michael Raimondo. According to government code, the Town Council had […]
When the Town of Mammoth Lakes and Mammoth Lakes Land Acquisition go back to court on Friday, Judge Randall will decide if he will issue a writ on behalf of MLLA or not. If the Judge does order in favor of MLLA, that will mean Mammoth has a short time frame for payment of the […]
For some, it feels like the noose has tightened on the Town of Mammoth Lakes. Thursday, in Superior Court in Mammoth Lakes, lawyers for the Town of Mammoth and for Mammoth Lakes Land Acquisition spoke via phone conference in front of Judge Randall on MLLA’s request for a writ to force the Town to immediately […]
On Tuesday, February 7th, Jay Becker of Mammoth Lakes Land Acquisition emailed the following letter to Sierra Wave and other media. Since then, Town of Mammoth officials have issued a press release and made statements about the Town’s intent to continue negotiations with MLLA. That company, as we have reported, filed a petition with the […]
After four months of actual negotiations with Mammoth Lakes Land Acquisition, the Mammoth Town Council met again Monday afternoon in closed session to come up with a response to MLLA’s latest proposal. The Council adjourned Monday’s meeting to another closed session Wednesday, February 8 at 8am. The two sides continue to talk about the $42 […]
The Mammoth Town Council will hold more closed sessions on the continuing negotiations with Mammoth Lakes Land Acquisition over the $42 million court judgment debt. In a special meeting scheduled for 1:30 pm Wednesday, the Council’s only item is a closed session on MLLA matters. Last week the Council also met in a special closed […]
In the new year, Town of Mammoth officials continue to negotiate with Mammoth Lakes Land Acquisition over the $42 million court judgment owed by the Town. The uncertainty over Town government money continues. Financial advisor Marianna Marysheva-Martinez told Sierra Wave that the Town did get a response from MLLA to its last proposal on December […]
Another detail from the Airport lawsuit situation – the development agreement signed back in 1997 is still in effect. According to Mammoth Financial Consultant Marianna Marysheva-Martinez, the development agreement itself expires in 2017. She said only part of the development agreement was transferred to Mammoth Lakes Land Acquisition. Terry Ballas holds the rest and is […]
After the Mammoth Town Council spent closed session time Wednesday night on the massive Town lawsuit debt of $42 million, Sierra Wave spoke with Mammoth’s Financial Consultant, Marianna Marysheva-Martinez. She said the Town Council gave direction on a counter offer which Martinez planned to send to Mammoth Lakes Land Acquisition on Thursday. Martinez said the […]
Wednesday members of the Mammoth Town Council will hear the latest on debt negotiations with Mammoth Lakes Land Acquisition, the Santa Monica firm that beat the Town in court over a development agreement at the airport. Town Manager Dave Wilbrecht and Financial Consultant Marianna Marysheva-Martinez, along with Mayor Jo Bacon, have continued to negotiate with […]
Mammoth’s financial consultant has revealed more of what’s happening in matters surrounding the Town’s $42 million lawsuit debt. Marianna Marysheva-Marinez did confirm that the Town has received a response from Mammoth Lakes Land Acquisition to Mammoth’s counter offer for settlement. The Town Council will discuss it in a closed session November 30. Martinez helped to […]
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