by News Staff | Mar 28, 2012 | Government Agencies/Utilities
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...
by News Staff | Mar 23, 2012 | Government Agencies/Utilities
In a startling turn of events, Mammoth Lakes Land Acquisition won a writ in court Friday to force the Town of Mammoth to pay its $42 million debt and then MLLA sent a letter to the Town with an offer of settlement. Jay Becker of MLLA emailed a copy of the letter to...
by News Staff | Feb 8, 2012 | Government Agencies/Utilities
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...
by News Staff | Feb 8, 2012 | Government Agencies/Utilities
From their position in the dark to the harsh glare of a new court fight, the Mammoth Lakes public woke up to the shock that negotiations over the huge debt that threatens their town have fallen through, and that Town finances have worsened. Jay Becker of Mammoth Lakes...
by News Staff | Feb 7, 2012 | Government Agencies/Utilities
According to Town of Mammoth officials, on February 2nd Mammoth Lakes Land Acquisition filed a petition with the State Court to demand payment of the full $42 million legal judgment against Mammoth, after 10 months of negotiations. Town officials revealed this...