Tag: Pleasant Hill-Martinez Joint Facilities Agency
Council uses ‘lease’ financing to pay JFA dissolution settlement
MARTINEZ, Calif. – Following the advice of its bond counsel, the Martinez City Council voted twice Wednesday on a lease agreement that would finance the resulting liability from the dissolution of the Martinez-Pleasant hill Joint Facilities Agency (JFA). By seeking the five-year loan, the city is in a position to save money as it pays […]
Council approves loan to satisfy JFA settlement
MARTINEZ, Calif. – Martinez City Council has agreed to obtain a $4 million line of credit from US Bank to pay Social Security obligations it has incurred as a result of the dissolution of the Pleasant Hill-Martinez Joint Facilities Agency. It is a better approach than making installment payments to the Internal Revenue Service, Finance […]
Council considers JFA settlement, animal control amendments, general plan reports
MARTINEZ, Calif. – Martinez City Council will decide tonight whether to borrow $4 million to pay for retroactive costs stemming from the dissolution of the Pleasant Hill-Martinez Joint Facilities Agency, ending a long-standing dispute whether its employees worked for the city, and whether the agency existed at all. In addition, the Council will take public […]
