Mammoth officials called Monday’s conference call with Mammoth Lakes Land Acquisition “productive.” Marianna Marysheva-Martinez, advisor to the Town, said that a broad set of options for the $41 million debt settlement may go to the Town Council in the fall with public review and debate to follow.
Martinez, along with Town Manager Dave Wilbrecht, took part in a phone conference call with MLLA representatives Jay Becker and Terry Ballas. Martinez called the call productive. She also said that the same officials plan to meet August 15-17 and again September 12-14 in the Town of Mammoth offices. Martinez said the purpose of the August meeting is to discuss any questions from MLLA based on their review of volumes of information and materials provided by the Town to date and to discuss the Town’s annual budget, financials and assets.
Martinez said the purpose of the meeting in September is to “begin brainstorming ideas regarding possible settlement options that MLLA may be interested in and that the Town could afford, keeping in mind our finances and the resort status.”
Officials believe that in late September or early October they will present what Martinez described as a preliminary and broad set of possible options to the Town Council in closed session. Once the Town Council, Town Management and MLLA narrow down the set of options, according to Martinez, there will be a public process to review and debate them.
Martinez said, “We hope that this will lead to a settlement plan presented to the Council for approval, perhaps as early as December.” She said that once a plan is approved, there will be a lot of tedious work to implement the actual plan and its impact on the Town.