Home » Posts tagged with » bond ratings

Oxnard Council 3-27-18: Pension liabilities could hit the fan; Downtown Revitalization “Parklets”; $48MM in debt renewed.

Oxnard Council 3-27-18: Pension liabilities could hit the fan; Downtown Revitalization “Parklets”; $48MM in debt renewed.

By George Miller Consultants darkly warned the City of exploding pension liabilities and necessary funding, doubling in 5 years and mushrooming for the next two decades. Some off-agenda discussion on disposition of Redevelopment Successor Agency properties, which are taking a long time. Downtown “parklets” plan approved. $38MM debt refinancing and $10MM Line of credit approved. […]

Oxnard Measure M trial nears conclusion

Oxnard Measure M trial nears conclusion

  By William Westmiller & Deborah Baber-Savalla Aaron Starr and Oxnard City may complete their arguments tomorrow. After nearly two years of legal proceedings, the “Trial of Measure M” (City of Oxnard vs. Aaron Starr) could be concluded tomorrow, according to defense attorney Chad Morgan. The dispute over wastewater treatment rates will be in the […]

Busy day in court for City of Oxnard vs. Aaron Starr Measure M wastewater case

Busy day in court for City of Oxnard vs. Aaron Starr Measure M wastewater case

By George Miller   Starr and City fight it out on the numbers, alleged harm to the city and Measure M financial justification On Friday, December 29, 2017, the City of Oxnard did battle vs local manufacturing financial officer, activist and Council recall initiator Aaron Starr. in Ventura County Superior Court, with Judge Rocky Baio presiding. […]

Oxnard Bond ratings released

Oxnard Bond ratings released

By George Miller The Oxnard City Manager’s office sent the latest wastewater and water bond ratings to us.   Download Wastewater Water   Bond ratings are closely watched by lenders. While there was a slight reduction in creditworthiness, it won’t have a large impact on ratepayers, rates or the city’s ability to borrow for large upcoming […]