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Board approves settlement and mutual release with JMG Investments LLC; details to be published

3152803 · April 30, 2025

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Summary

After an executive session, the Santa Cruz County Board of Supervisors approved a settlement and mutual release with JMG Investments LLC, a lienholder on properties formerly held by the county treasurer. County staff said details including sale amounts will be made public on the county website.

The Santa Cruz County Board of Supervisors voted unanimously on March 11 to approve a settlement agreement and mutual release with JMG Investments LLC, a lienholder on properties formerly associated with the county treasurer.

A county staff member told the board under discussion, “We had an opportunity to consult with counsel. We're reviewing the agreement of the draft version, and it will be public. Further details will be forthcoming as well.”

The matter was discussed in executive session under Arizona Revised Statutes governing attorney–client privileged consultation and settlement discussions, and the board returned to open session to take formal action. The board’s motion to approve the settlement passed unanimously; the transcript records the vote as “Aye” with the outcome recorded as carried.

County staff said finalized documents and information about any property sales or sale amounts will be posted on the county’s web page when available. The board provided no dollar amounts, sale dates or other financial specifics at the March 11 open meeting.

The board did not request additional public comment on the settlement at the open meeting and directed staff to post the agreement and supporting documents as they become public.