HomeMy WebLinkAboutCity of Seal Beach and OCFA
Legal Analysis
City of Seal Beach and OCFA
•Initiate withdrawal midway through a 20 year term by giving notice to the OCFA Board by June of 2018.
•••••Term continues if no withdrawalContinuing financial obligationsFire stations and some equipment owned by the City returnedCity continues to pay service charges through exit in 2020.Board
representation is immediately terminated upon giving notice
Withdrawal Process
•Annual charges for service
•Can be negotiated with OCFA
•Currently scheduled to be paid off
•••Shortfalls and accrued costsPossibleLease purchase obligationsPension and Employee Benefit Costs
•Possible Tort Liability
Continuing Financial Obligations