You may recall some news reports of an El Camino used car dealership that unexpectedly closed a couple of months ago, leaving the owners of a bunch of cars wondering what happened to their cars and/or money. NBC Bay Area is reporting that the dealer has been arrested and charged with grand theft.
FollowEvery year, The Silicon Valley Business Journal awards the top 100 most influential women in Silicon Valley with a Woman of Influence Award. This year, the NOVA Workforce Board’s Director Kris Stadelman has been selected to receive a Woman of Influence Award. Director Stadelman has worked hard to keep NOVA operating through a particularly difficult state and federal budget time, and it’s gratifying to see her efforts recognized in this way. Congratulations, Kris!
The City is soliciting suggestions for names for the new 1-acre park, now open on Santa Real on the east side of Sunnyvale. Details and contact information can be found here.
PublicCEO, a local government news site, has a great write-up on Moody’s, and its decision to maintain Sunnyvale’s Aaa credit rating. It talks about the reasons behind Moody’s decision, and how other cities up for review were not so highly regarded. It’s a good read.
You may have heard that the credit rating agency Moody’s Investors Services had announced a couple of months ago that they were going to review a number of California cities for possible credit rating downgrades, and Sunnyvale was on the list. At the time they made this announcement, Sunnyvale was one of only eight of the 500+ California cities that had received an Aaa rating, and Moody’s had expressed concerns that the state’s shaky fiscal situation might warrant some municipal rating changes. Sunnyvale was an obvious target as one of those eight cities with a high rating.
At tonight’s City Council meeting, the City Manager announced that Moody’s has confirmed Sunnyvale’s Aaa rating, and they will not be issuing a downgrade. In issuing their finding, Moody’s stated the following about Sunnyvale: