No More Debt Without A Vote
On August 24th we filed a citizen initiated ordinance to stop the City Council from authorizing a multi-year debt, without a vote, to develop the land they have acquired from the City Hall and E.B. Rains Park northward to 120th Avenue. With Century Theatre asking to be excused from the land lease and the advent of some new, more extensive ideas by the Council majority, we are going to withdraw the submission and filed a revised initiated ordinance for the following reasons.
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PROTECT THE GENERAL FUND SAVINGS
NO MORE DEBT WITHOUT A VOTE
(This ordinance applies only to the area from City Hall and E.B. Rains Park northward.)
A. The City diverted $7.4 million from the General fund’s operating departments and capital improvements projects for the purpose of land speculation in the Area.
B. The Auditor reported that street maintenance, overlays and construction activities did not meet established Standards. The Audit states that the City had a deficit financial program need of $2.4 million as of December 31, 2005. (Source: 2005 Financial Audit)
C. In an Executive Session with NURA on August 23rd the Council members discussed the demolition of City Hall and the Recreation Center following the construction of a new municipal building where the Century Theatre was proposed to be located. The information was disclosed by the Mayor at her following Monday coffee.
D. The General Fund savings (unreserved year-end balance) was only increased three million during 2005, from the five year low of $8,418,836 in 2004 despite the fact that:
1. The City cancelled the entire street maintenance program for 2005.
2. Voters disapproved of the issuance of debt for the recreation center.
PROTECT THE GENERAL FUND SAVINGS
NO MORE DEBT WITHOUT A VOTE
(This ordinance applies only to the area from City Hall and E.B. Rains Park northward.)
A. The City diverted $7.4 million from the General fund’s operating departments and capital improvements projects for the purpose of land speculation in the Area.
B. The Auditor reported that street maintenance, overlays and construction activities did not meet established Standards. The Audit states that the City had a deficit financial program need of $2.4 million as of December 31, 2005. (Source: 2005 Financial Audit)
C. In an Executive Session with NURA on August 23rd the Council members discussed the demolition of City Hall and the Recreation Center following the construction of a new municipal building where the Century Theatre was proposed to be located. The information was disclosed by the Mayor at her following Monday coffee.
D. The General Fund savings (unreserved year-end balance) was only increased three million during 2005, from the five year low of $8,418,836 in 2004 despite the fact that:
1. The City cancelled the entire street maintenance program for 2005.
2. Voters disapproved of the issuance of debt for the recreation center.
.
Our ordinance will not hinder the City from developing the retail land with the on board developer. However, we do not want to see them enter into a debt situation that will delay the first penny of profit for 20 years.
Do you want a say in all of this or are you going to trust the Leadership?
Email: committee@northglennco.us
Do you want a say in all of this or are you going to trust the Leadership?
Email: committee@northglennco.us
posted by Gene Wieneke at
9:58 AM
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