Stopping that last sewer project had horrible financial impacts on the Los Osos CSD (bankruptcy) among other things of course. Last night at the CSD meeting, Mike Seitz, general legal counsel to the CSD, reported out of the Board's closed session that Judge Riblet had signed the order to dismiss the bankruptcy, but the case will remain open for the next two years to accommodate the creditors. Multiple checks have been written to those many creditors to date.
In other financial news from the CSD last night was the mid-year budget adjustment. Since the solid waste franchise was transferred to the County on December 31, 2013 for $2.8 million to help pay for the bankruptcy, the income from this asset was terminated, so much shifting of monies to cover the deficit was required. This financial loss was decried by a couple of speakers who were both major players in causing this bankruptcy to happen, necessitating the sale of the solid waste franchise (bake sales presumably having failed to make up the deficit in CSD funds to cover the bankruptcy costs). Of course there was no shame or any recognition of culpability at all in their demeanor or speeches and much mud was flung at innocent parties to distract viewers from the speaker's moral lapse.
A "just-like-old-times" footnote: There was rich dramedy as these speakers attempted to shout over the loud, repeating beeps of the three-minute timer signaling the end of their public comment period. It was a pretty rowdy meeting too from the noise makers at the back of the room. CSD President Craig Baltimore had to rightly request the chatter and shouts to cease at the back of the room multiple times and had to ask one loudmouth to leave.
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