Comments on: City Defeats Voters Prior To Bond Election, “Cash or Credit?”

By: western guy

western guy — Fri, 22 Oct 2021 15:30:47 +0000

Frank,

Private businesses routinely hire outside consultants/counsel when floating stock offerings or other financial vehicles similar to bonds.

Having full-time staff who are current in bonds or stock offerings would be a waste of organizational resources.

Better to use the $$ for ‘community engagement’ purposes. ha!

By: frank

frank — Mon, 11 Oct 2021 14:57:33 +0000

$$$ You touched on my point that WE have unqualified Public Servants! Hence the hiring of Piper Sandler & Co. to handle this task and the preparation for the bond election, which they will receive up to $85,000 for each bond issued. GOOD REASON NOT TO VOTE INCUMBENTS BACK INTO OFFICE!

By: western guy

western guy — Fri, 08 Oct 2021 22:46:56 +0000

How about The City respond to the ‘dropped RFP process’, mentioned above.

Remember how this process ‘flows’: the biomass (‘turds’) flows with the liquids (‘urine’) to the water renewal facilities (‘sewage treatment plants’), where the biomass is separated from the liquids and pumped south of town to Twenty Mile Farm, while the liquids go into the Boise River. The folks downstream can then have their drinking water.

How does the City Citizen Outreach staff explain that in the bond propaganda?

By: Judicial Confirmation

Judicial Confirmation — Wed, 06 Oct 2021 04:47:25 +0000

One of the city’s slide presentations on the sewer/water renewal included a bullet point for the issue of Judicial confirmation when using debt financing (bonds).

• Standard that projects must be “ordinary, necessary and urgent”

We know the BG Editor is very familiar with this issue regarding the airport garage years ago. Having existing citizens pay the cost to expand the capacity so that the developers/investors can continue to profit could possibly fail the test of “necessary and urgent”?

By: $$$

$$$ — Wed, 06 Oct 2021 03:56:48 +0000

Off to a rocky start on . . . City records show there is also a Federal loan related to the sewer project (water renewal). A letter dated July 7, 2021 (RES-302-21) requested a waiver to the purchasing regulations to contract for professional services because the initial phase of the Federal funding program was due on July 23, 2021. Someone must have dropped the ball on this one, as the letter emphasizes the urgency of the timeframe they are under. A full RFP process for the water renewal bonds did not happen, and the City quickly moved to hire Piper Sandler & Co. to handle this task and the preparation for the bond election, which they will receive up to $85,000 for each bond issued.

By: It's all about you Pat

It's all about you Pat — Wed, 06 Oct 2021 03:33:39 +0000

I appreciate the editor making this platform available to any and all. Disappointing how many so called Americans would like to squelch the voice of those they disagree with. Old Moscow would be so proud of how deeply their dystopian concepts have penetrated in America.

All you got to do is say “I disagree” and perhaps show why. No need for huff and puff contemptuous hissyfits.

Facebook testimony interesting in how the newsfeed algorithms decide for us. Happy the guardian still has human at the switch.

By: $$$

$$$ — Wed, 06 Oct 2021 03:09:06 +0000

Frank – the bond ordinance says the West Boise Sewer District is independent and will not vote on this.

More financial facts from the bond ordinance:

Historically, the average annual capital investment has been approximately $20 million. Moving forward, the average annual capital investment will be roughly $80 million, with the 20-year Capital Plan showing $1.59 billion.

The total existing indebtedness, including interest accrued as of November 2, 2021, of the City is $92,461,534.67. The total existing indebtedness of the water renewal fund, including interest accrued as of November 2, 2021, is $1,787,886.72.

This bond will add $570,000,000 in principal and $245,104,000 in interest, to be paid from the revenue derived from each rate payer.

By: Pat Freeman

Pat Freeman — Tue, 05 Oct 2021 23:46:29 +0000

Editor, The W Ada school issue is due to the contentious PARENTS regarding covid and masks. It is not because of more demand for schools.
I am on a septic and a well. Why should I care about the sewer bond? Voting YES
just in case I get annexed in the future.

By: Pat Freeman

Pat Freeman — Tue, 05 Oct 2021 21:38:20 +0000

When was the last time a West Ada Board member quit, PRIOR TO COVID?
Not even comparable.

EDITOR NOTE–Chairman and a board member have quit in past year.

By: Pat Freeman

Pat Freeman — Tue, 05 Oct 2021 16:43:41 +0000

So, that’s the job/role of ACHD isn’t it? Golly, was their official position 40 years ago?

Increasingly difficult for ACHD?

Good to know. When is the next ACHD election?

EDITOR NOTE–Similar issue with West Ada Schools. More people equals more demand for schools. It is so bad in the district that it is becoming difficult to keep board members. They toss up their hands and quit out of frustration.