Bond Issue in the future?
What is it with the current leadership of our City? Their plans ought to chill you to the bone. The City and NURA already have $3.1 million invested in the property near the proposed theater. Now they want to spend another $2.0 million for the infrastructure to support it. They already gave them a twenty year land lease for $20. They also agreed to provide them with adjacent parking and are seriously considering expending $6.0 million for a parking ramp.
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In this year's budget they set aside $500,000 to repave and partially construct Huron Street. I made my opinion known concerning the street's substructure near Croke reservoir last year. In response they are now considering going far beyond the original project and throwing in some major improvements to the reservoir to the tune of NINE MILLION DOLLARS.
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On top of all this, a very clever School District and a not so sharp City staff took a proposal to the Council last week. How does this sound to you? City pays a lump sum payment up front in the amount of $5.7 million and an additional share of capital costs amounting to $2.7 million. Not generous enough? Try adding these provisions: School District always has first priority on usage. City pays all maintenance costs. City pays any future capital costs that might be required with the District only helping out on possible rehabilitation.
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Considering the fact the City overspent the General Fund by Eight million in 2003 and 2004, do you smell a bond issue? Blow the money on overhead instead of maintenance and improvements for three years, and then borrow? We need some citizen involvement since the leaders are so out of touch with reality.
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In this year's budget they set aside $500,000 to repave and partially construct Huron Street. I made my opinion known concerning the street's substructure near Croke reservoir last year. In response they are now considering going far beyond the original project and throwing in some major improvements to the reservoir to the tune of NINE MILLION DOLLARS.
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On top of all this, a very clever School District and a not so sharp City staff took a proposal to the Council last week. How does this sound to you? City pays a lump sum payment up front in the amount of $5.7 million and an additional share of capital costs amounting to $2.7 million. Not generous enough? Try adding these provisions: School District always has first priority on usage. City pays all maintenance costs. City pays any future capital costs that might be required with the District only helping out on possible rehabilitation.
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Considering the fact the City overspent the General Fund by Eight million in 2003 and 2004, do you smell a bond issue? Blow the money on overhead instead of maintenance and improvements for three years, and then borrow? We need some citizen involvement since the leaders are so out of touch with reality.
posted by Gene Wieneke at
4:25 PM
2 Comments:
who is running this city? Doesn't sound like anyone qualified.
By
Anonymous, at 7:04 PM
Sound familiar? A prior group with the same mentality put us within one step of bankruptcy over water. We are still paying for that one. Now these folks with the same grand ideas are about to do the same thing. A pie in the sky being promoted with smoke and mirrors. When will it stop? You can dig a big hole between now and the next election. Im glad to say I have more years behind me than in front. For those less fortunate, consider your options!
By
Anonymous, at 7:36 PM
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