Showing posts with label Dollar Bank. Show all posts
Showing posts with label Dollar Bank. Show all posts

Friday, October 28, 2011

Update on the rec bond debate

Information is pouring in today.  First, Dan Miller has updated his blog to include a post about the rec bond. Thank you, Dan, for giving me the heads up. Compromise Rec Bond Resolution Update  Sorry I didn't post it sooner, Dan, but as I had said, I was out most of the day.

I am still trying to put the pieces together.  First of all, why isn't this being discussed at the next commission meeting?  Joe DeIuliis missed the meeting.  Now everyone knows that I am not a big fan of the guy, but maybe he has some questions.  Or does this have something to do with the election?  His opponent has already said that she is bringing it back up in January "when" she wins. Everyone knows I am not a big fan of her either, but if she is for it, I am suspicious - but that is another story.

I understand that there is another option that has surfaced.  This letter was sent to Steve Feller today. I won't reveal my sources, but I can tell you that I didn't get it from Steve Feller or Matt Kluck. PNC advised against a line of credit, but Dollar Bank seems to want a chance to work with us.  Wouldn't it be in the best interest of the community to hear what they have to say? The commissioners can vote on refinancing the bond and discuss the recommended budget on Wednesday and move the rec bond issue to November 14.  To me, I think Dollar Bank is making a reasonable request.  Wouldn't this be a compromise for a compromise rec bond?