Mammoth Town Council waits to hear on counter offer to MLLA

As the Mammoth Town Council prepares for a meeting Wednesday night, officials also wait to hear from Mammoth Lakes Land Acquisition on a  counter offer from the Town.pic-mltc-6-15-11

According to Town Manager Dave Wilbrecht, negotiations between MLLA and Mammoth over the $42 million lawsuit debt resulted in an offer of settlement from MLLA.  Mammoth has posed a counter offer.  Officials remain close mouthed over details.  Financial consultant Marianna Marysheva-Martinez said earlier that the seriousness and huge amount of this debt warrant private talks.  She also pointed to a confidentiality agreement signed by both sides.

It is known that both sides have been talking about amount and terms of payment from the Town to MLLA.  Town Manager Wilbrecht said that Mammoth made a counter offer to MLLA’s offer and hope to hear back from them before Wednesday night’s meeting.  The Council has scheduled a closed session discussion on the MLLA debt at the end of Wednesday night’s meeting.

Earlier on Wednesday’s agenda, the Council will receive a status report on the Transient Occupancy Tax Enforcement and Revenue Collection Program.

 

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9 Responses to Mammoth Town Council waits to hear on counter offer to MLLA

  1. Bobbie Lee Swagger October 31, 2011 at 6:26 pm #

    Nice to see that basically the entire (financial) future of Mammoth is being decided in “secrecy” and “confidentially.”

     
    • Home girl November 1, 2011 at 10:47 am #

      because town council and the BOS have definately proven that they are worthy of our trust. (DRIPPING SARCASM)

       
  2. upthecreek October 31, 2011 at 9:14 pm #

    MMM BK IT

     
  3. Bemused November 1, 2011 at 12:58 pm #

    I personally love the part where our new town manager apparently isn’t savvy enough to handle the negotiations, so instead we pay the previous interim town manager $7K a week (I believe) to handle them.

    #pathetic

     
    • P&B November 2, 2011 at 9:05 am #

      Bravo!! What is he being paid $200K per year for??? Isn’t that a part of his duty? Oh that’s right he wouldn’t have plausable deniability without 3m to blame if the negotiations don’t work. The town manager is unable to hide in plain site like he did with the County – maybe the elected official will smell the coffee and stop wasting tax-payer dollars on the likes of 3m and the “do-nothing-but-layoff-employees-to-date” town manager – and he’s different from Rob Clark how????

       
  4. upthecreek November 1, 2011 at 1:57 pm #

    Don’t worry Mammoth ..You are not alone

    “Compton <CA a city of 96,000 people amassed $369,000 in late fees over the past year because it was tardy paying its policing contract with the Los Angeles County Sheriff's Department, the Los Angeles Times ( http://lat.ms/w4SHZf) reported.

    Compton faces a $39 million deficit, a figure that represents about 80 percent of its annual general fund budget."

    Maybe you can get a two for (2-4-1) one discount with a Bankruptcy firm

     
    • Wayne Deja November 1, 2011 at 6:03 pm #

      Mammoth Lakes……and sister-city Compton……..What a pair!!!!!!

       
    • Ken Warner November 2, 2011 at 10:21 am #

      The difference between Compton and Mammoth Lakes is that Mammoth Lakes has about 8,000 — one twelfth the population — and an annual budget of around $16 million — and has a $42 million debt.

      We are more than alone in the size of our debt / population ratio. I doubt if there is another town in the U.S. the size of Mammoth Lakes with a debt this large.

       
  5. Tourbillon November 1, 2011 at 8:01 pm #

    “Financial consultant Marianna Marysheva-Martinez said earlier that the seriousness and huge amount of this debt warrant private talks.”

    Fair enough. I’ll trade you even up. You negotiate our money away in secret, and we will pretend to pay in secret.

     

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