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Press Releases
Bankruptcy Court will Hear County's Case against Merril Lynch
December 1, 1995
Santa Ana, California -- December 1, 1995 -- Approximately one year from the date that the County of Orange first identified an approximate $1.5 billion "paper loss" in its investment portfolio, the county received positive news from bankruptcy court regarding its case against Merrill Lynch -- Citrons primary financial advisor on investments U.S. Bankruptcy Court Judge Ryan today determined that the County' complaint against Merrill Lynch states valid claims.
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OC visits Sacramento to Demonstrate Support for Consensus Recovery Plan
September 13, 1995
SACRAMENTO, Calif. (Monday, Sept. 11) -- A delegation of Orange County government and business leaders visited Sacramento today to demonstrate their united support for the Orange County Consensus Recovery Plan Agreement.
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Board of Supervisors Approve Consensus Recovery Plan Agreement
September 7, 1995
September 7, 1995 - Santa Ana, California - At a special Board of Supervisors meeting this morning, Board members gave unanimous approval to the Consensus Recovery Plan Agreement with the Investment Pool Participants Committee , which contains the legal terms that detail the Consensus Recovery Plan. "The agreement is one of two important steps toward finalizing the Consensus Recovery Plan representing countless hours of negotiations with representatives of pool participants ," stated Board Chairman Gaddi H. Vasquez.
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Jan Mittermeier Named Interim Chief Executive Officer
July 14, 1995
The Orange County Board of Supervisors announced today the appointment of Jan Mittermeier as interim Chief Executive Officer to replace William Popejoy at the end of his tenure. Mr. Popejoy will leave the CEO position effective July 31, 1995. As interim CEO, Ms. Mittermeier will act as the principal management official for the County and primary administrative advisor to the Board of Supervisors. The CEO is appointed by and serves at the discretion of the County Board of Supervisors.
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William Popejoy, the county's chief executive officer, announces his resignation
July 12, 1995
Santa Ana -- July 12, 1995. It is with considerable personal regret, I have today submitted my resignation to the Chairman of the Board of Supervisors effective July 31, 1995.
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County Of Orange Obtains Insurance From MBIA for Recovery Bonds
May 15, 1995
Santa Ana, California - The County of Orange has received a commitment from MBIA, a major provider of municipal bond insurance, to insure the County's planned issue of approximately $275 Million of Recovery Bonds. This transaction, when completed will represent the first post-petition financing in the municipal bond market.
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Recommendation on Waste Management Policy Issues
May 2, 1995
Santa Ana - CA : The Integrated Waste Management Department (IWMD) announces the department's intent to move forward on two major policy issues: importation of nonOrange County solid waste and increasing the landfill gate fee . Since Orange County ' s declaration of bankruptcy, IWMD has been considered one of the major factors in the County's plan to recover from the financial crisis. IWMD is one of the County's largest assets, as well as one of the County's biggest revenue generating mechanisms, as it owns and operates the only disposal facilities in Orange County.
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Investment pool settlement approved by U.S. Bankruptcy Court
May 2, 1995
Santa Ana, CA - Gaddi Vasquez, Chairman of the Board of Supervisors announced today, the United States Bankruptcy Court gave its approval of the Comprehensive Pool Settlement entered into between the County and 241 pool participants. The settlement, which is one of the largest ever presented to a bankruptcy court, resolves approximately $7.4 billion in disputed claims upon consummation. The settlement will enable pool participants to receive an immediate cash distribution of about 77 cents of their investment balance. Participants will receive additional consideration in the form of recovery notes, repayment claims and settlement secured claims.
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County information now on the World Wide Web
April 25, 1995
SANTA ANA, CA - In yet another effort to make information regarding County government more accessible to citizens, Orange County Board of Supervisors Chairman Gaddi Vasquez announced that press releases, meeting agendas, and other information will be available immediately on the World Wide Web (WWW) site on the Internet.
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Supervisor Chris Norby was elected Chairman of the Orange County Board of Supervisors January 9th, 2007 and Supervisor John M.W. Moorlach was elected as Vice Chairman of the Board.
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