News Flash Home
The original item was published from 9/21/2012 12:44:00 PM to 11/1/2012 12:05:00 AM.

News Flash

Home

Posted on: September 21, 2012

[ARCHIVED] TOWN AND MLLA ANNOUNCE TERMS OF THE SETTLEMENT

The Town of Mammoth Lakes and Mammoth Lakes Land Acquisition LLC (MLLA) jointly announced today the settlement’s specific terms, executed by parties on September 20, 2012. Parties to the settlement are the Airport Developer, Terrence Ballas and his related development entities (“Ballas entities”).

Terms of the settlement, the Town's rationale for settling, and the Town’s plan to finance payments are discussed further in the Press Release (click on link below). The Town will hold a series of public meetings to review the settlement documents, answer questions from the community, and begin a dialogue regarding the Town’s plans to reorganize its operations in order to become more creative, effective and efficient, and afford the long- term settlement payments.

The first of such meetings has been scheduled for Thursday, September 27, 2012, at 6:00 p.m. in the Town Council Chambers (Suite Z).

All questions relating to the settlement can be sent to mllasettlement@ci.mammoth-lakes.ca.us, or by calling (760) 934-8989, extension 223. Town staff will compile all questions and answers into a report available at the September 27, 2012 meeting, and later post information on the Town’s website.

All enquiries are to be directed to Assistant Town Manager, Marianna Marysheva-Martinez at mmartinez@ci.mammoth-lakes.ca.us.

Town of Mammoth Lakes Press Release
Facebook Twitter Email