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Sunday, September 16, 2012

Astronomical Debt






















 

 
 
 
 
  • time: 19 min. 14 sec.




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Please click on the link to view
for the City of South Euclid.
~

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for the City of South Euclid.
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 Please click on the link to view the
 Cedar Center North
 Tax Increment Financing Agreement
(TIF Agreement)

5 comments:

Anonymous said...

NO WONDER THERE ARE NO COMMENTS YET.YOU REALLY NEED TO HAVE SOME SOLID BACKGROUND IN ECONOMICS TO UNDERSTAND THIS 'MUMBO-JUMBO'.NOW,DO YOU REALLY UNDERSTAND WHY WE NEED SOMEONE LIKE ROBERT SCHOENWALD RUNNING THIS CITY? SOMEONE WITH AN ACCOUNTING DEGREE.OR MAYBE A ROCKET SCIENTIST????
BUT I CAN DO SOME SIMPLE MATH,WITH THE HELP OF A CALCULATOR.AND YES,12.6 MILL @ 3.5%
IS ABOUT $25,830,000.00.THAT'S PRETTY CLOSE TO $30 MILL THAT T-SKILLET,AND BOB FREY ESTIMATE.
NOW DIVIDE THAT BY 30 YEARS,YOU GET $861,000. IF THE AMOUNTS OF INCOME FROM CC NORTH AND OAKWOOD COMMONS IS REALISTIC THEN IT SEEMS LIKE S.E. WILL BE ABLE TO COVER THE DEBT.RIGHT????
BUT,LIKE ME,I MAKE ENOUGH MONEY TO COVER MY DEBTS.AND HAVE ZIP,ZIPPO,NADA,NOTHING LEFT.NOTHING TO SAVE.NO PROFIT TO BANK.NO BUFFER.NOTHING TO COVER THE INEVITABLE 'BUMPS' IN THE ROAD.
THIS IS NOT GOOD.
I UNDERSTAND THAT HUMANS MAKE MISTAKES.BUT WHEN YOUR ACTIONS ARE PERFORMED AS A PROFESSIONAL,WHEN IT'S YOUR JOB TO MAKE GOOD SOUND DECISIONS AS IN THE CASE OF OUR MAYOR AND CITY COUNCIL,AND YOU BUNGLE A DEAL LIKE THIS CC NORTH DEBACLE,YOU HAVE TO BE HELD RESPONSIBLE FOR THOSE DECISIONS.
THEY SHOULD ALL RESIGN.

Anonymous said...

Hey Caps Guy take a look at issue 14 and then look at issue 15 highlighted in yellow the 19 mill is cedar center the 10 mill and the 1 million are for greenvale, telhurst bridge, liberty bridge, whitehall bridge, Welo did this in 8 years time and none of it is paid for. At the end of 2011 19 million was owed on Cedar Center. The city says it owes 12.8 hmmmmmmm Can you spell DISCREPANCY

Anonymous said...

YES I CAN,I'M PROUD TO SAY.AND YES I DID GO TAKE A LOOK.
AND I'M CONVINCED THAT IF THERE IS A GOD,HE IS PUNISHING US.AND THESE POLITICIANS ARE HIS MINIONS FOR CARRYING OUT HIS RETRIBUTIONS.
WE ALL MUST HAVE DONE SOME VERY EVIL THINGS IN OUR PAST TO DESERVE THIS.
YOU KNOW,AND I KNOW,THAT THIS IS NOT OUR FAULT.I MEAN THIS IS NOT THE VOTERS FAULT.I'M TIRED OF BLAMING THOSE THAT VOTED FOR THESE
BAFOONS! WE ARE ALL GOOD PEOPLE.AND WE ALL WANT WHAT IS BEST FOR OUR FAMILIES AND COMMUNITY.WOULDN'T YOU AGREE?
IF ONE THING IS BLATANTLY OBVIOUS TO ALL OF US IT HAS TO BE THAT THESE 'PIKERS' WE ELECT TO OFFICE,NO MATTER WHICH PARTY,ARE NOT SERVING US.
LOOK AT JUST THE FINANCIALS.LOOK AT THE DEBT. WHO IS BEING SERVED,WHOSE FAMILY HAS BENEFITTED,
WHICH SCHOOLS HAVE IMPROVED,IS OUR COMMUNITY IMPROVING BECAUSE OF ALL THIS MISMANAGEMENT? I HAVEN'T SEEN IT.




Garry Kanter said...

So, how do *we* make changes to our city councils?

CH has 5 of 7, all at-large, running in 2013.

What's our plan, and how do we leverage any resources we have?

Anonymous said...

THE ONLY WAY WE CAN MAKE MEANINGFUL CHANGES IS TO ELECT THE BEST QUALIFIED CANDIDATES.AND BY THAT I MEAN NOT JUST JUDGE THEM
AS 'INDIVIDUALS'.WE ALSO HAVE TO
EVALUATE HOW WELL THESE INDIVIDUALS
CAN WORK TOGETHER AS A TEAM.JUST LOOK AT OUR FEDERAL GOVT. THE RELENTLESS DIVISIVENESS,POLARIZING PARTY POLITICS,AND COMPLETE DISREGARD FOR THEIR RESPONSIBILITIES TO SERVE ALL OF US.TO ACT FOR THE COMMON GOOD OF ALL OF US.SERVE THE COMMUNITY AS A WHOLE.NOT JUST THEIR PARTY,OR SPECIAL INTEREST GROUPS WITH A SINGLE GOAL THAT ONLY BENEFITS THE FEW,AND NOT THE WHOLE COMMUNITY.
CAN THEY PUT THEIR EGOS ASIDE AND BE WILLING TO SUPPORT ONE ANOTHER? THERE WILL BE PLENTY OF ISSUES AND CHALLENGES FOR EACH ONE OF THEM TO TAKE THE LEAD AND PROVE THEMSELVES.
IT SEEMS MUCH OF BOTH OUR CITY'S LAND RESOURCES ARE ALREADY BEING 'SQUEEZED' TO THE BURSTING POINT.BUT THAT ISN'T OUR GREATEST RESOURCE.OUR FELLOW CITIZENS ARE THE BEST RESOURCE FOR IMPROVING OUR
COMMUNITIES.I KNOW THAT SOUNDS LIKE TYPICAL 'FLUFF'OR CLICHE.BUT,I
BELIEVE IT TO BE TRUE.WE ALL MAKE A DIFFERENCE.NOT JUST BY OUR VOTE.
WE HAVE ALSO PROVEN MANY TIMES THAT
EVEN AFTER THE ELECTIONS ARE OVER WE HAVE THE POWER TO PETITION AND THUS APPROVE OR DISAPPROVE OF OUR COUNCIL'S PROPOSALS.AND JUST AS IMPORTANT IS HOW WE RAISE OUR KIDS,TREAT OUR NEIGHBORS,HELP,AND RESPECT ONE ANOTHER.MAKE IT KNOWN THAT VIOLENCE,DISRESPECT,
INTOLERANCE,AND CRIME WILL NOT BE TOLERATED IN OUR COMMUNITIES.
THESE ARE NOT VAGUE,AMBIGUOUS,
THEORETICAL ACTIONS.AND THEY NEVER GO 'OUT OF STYLE'.NOW MORE THAN EVER WE NEED ANOTHER 'SUMMER OF LOVE'.(SHOWING MY AGE,,BAAAAAA)
YEAH,THOSE WERE THE DAYS.TALK ABOUT BEING ACTIVIST AND GETTING INVOLVED IN CHANGING OUR GOVT.....
WHAT WAS TRUE THEN IS AS TRUE TODAY.
LOVE CAN MAKE A DIFFERENCE.
IT CROSSES ALL BELIEFS.LOVE IS SINGULARLY THE MOST POWERFUL FORCE IN THE WORLD.EVERYTHING ELSE FALLS IN LINE,AND ANYTHING IS POSSIBLE IF WE HAVE LOVE IN OUR SOULS.

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