I was right and I will stand behind my comments as they will come to fruition.
The Board and its members denounced any involvement with Green. No surprise there.
Then handed out the usual information from the lawyers.
As in the past this is the course of events but I hear the meeting was up beat and that’s nice to hear.
I will say this again, not all information is public and debt is debt the notes show a credit balance of 11,000,000.00 and some the separation of the board to distance itself from the man behind the flyers.
Mr. Lewis isn’t stupid. He is above board and will tell the board what is legal like it or not. I like that with that said the information passed out has interesting comments as I suspected it would.
I did read the passages and if I may offer one tiny piece of proof. In the last 10 years the district has not paid back any of its debt.
With the increase and the limited amount from Bent Grass in terms of “taps” the truth will come out soon enough over time.
The Plant will cost over 20 million when finished like it or not unless Cherokee wins it battle to raise the standards for everyone as not even the district can say with a certainty as others asked the same question.
Mr. Green is who I said he is and is the man behind the flyers for over 7 years. For those not fortunate enough to be the one he went after consider yourself lucky. Mr. Green controlled a board of his people and got caught doing it.
The information decimated at the meeting was directed to distance the board from Green and denounce any comments made. It was directed at one candidate as is always the case. In the near future as posted the total tap fees derived from Bent Grass will not cover the debt as reported to the in the plans to the County planning department or the meeting.
The documents passed out show a that some of the money from the new lease has been spent already and a credit balance of over 11 million dollars is left.
My question is simple where did the 8 or so million go that was already expended?
In a perfect world the taps get paid and the user fees pay back the debt and everyone’s home value rises to historic levels. In a perfect world everyone drives Lambos and crew cab trucks.
In a perfect world everyone get to keep theirs jobs and no one goes to jail and cops don’t kill unarmed minorities.
In a perfect world there is accountability and the Greens of the world get hung out to dry for messing with communities members
In Woodmen Hills he get rewarded.
The documents contain some very interesting information I would like to share with those less fortunate not to have been present at the meeting.
The first item is about transparency, UMB bank will be the trustee and is the current trustee. I have in the past asked information about bondholders and told only the board could release it and they never did.
Second item up for consideration is the so called “not” a debt was carefully defined in a very unique way. The author was carful to repeat the financial instrument negotiated is not debt by any means. It is a “lease purchase agreement and the option to purchase in the end. Then several references to cars and other such documents were used to define the definition by legal.
If you pay for something over time and expect to own it after the fact the payments are for the express purpose of obtaining a good or service. This by definition is a debt. The legal definition being assigned and the references were used to give a legal definition by I suspect Mr. Bill. any obligation to obtain any asset by way of a signed agreement or contract where money is exchanged is a debt. A portion of the money was used to pay back prior debt. The funds are not subject to open records as I read CORA but I will try to get them.
Webster’s define “indebtedness” as something (as an amount of money) that is owed. The definition speaks for itself.
The water and buildings are leveraged assets in exchange for monetary value and used as collateral to extend financial compensation.
Anyone who took economics 101 and 201 know this is a form of debt. If we can write off the interest then it is debt and we can write off the interest.
The banking system says any instrument acculumating interest for the purpose of repayment of in securing of an asset is a debt. I stand by Forbes.
In the third part of this writing is what was taken away from each and every resident in Woodmen Hills.
The notes are clear and done by an attorney. As I stated our right to vote and have a say was stolen by the board and no amount of attorney or case history can restore it.
In the section B the district has already entered into an agreement for 19.25 million of which 8.25 million has already been disbursed.
The file then goes on the tell readers how debt was done without a vote of the people in several references. Again no resident input as I said was the case. The board of the community circumvented our input and vote and took out a financial instrument to the tune of 19.25 million dollars an obligation we will all pay back in fees monthly in our bills.
The letter say the rates are not going up 70 dollars and I think I said on this site the amount to cover such expenditures would be up to 70 not 70 a big difference. Lets see if the monthly bills go up shall we.
The next line says there is no “newly formed nonprofits that controls payments”.
That’s not the claim I made but if you read the letter from the district is says that claim was made. No it wasn’t but convincing others it didn’t happen just takes a review of what I posted on my earlier posting right here. I said, https://ronpaceforwoodmenhills.wordpress.com/2016/04/28/drowning-in-debt-now-a-reality-and-i-told-everyone-it-was-going-to-happen-before-the-election-was-over/
Nowhere in my post do I say a “newly formed nonprofit controls payments” but if Bill said I did then I will speak to Bill and get his take on if he did the letter.
Now with that said, I will say it again we owe money but the board and the new lawyer with legal references say its not debt but its money owned no matter what. They want residents to believe we owe no more money as debt but money nonetheless.
Point is two fold Bill pay attention please, If money is owed then it is owned and for everyone else it is for all intensive purposes debt. Now as for the other behind the scenes action the board took I said it before and now, the board took away all residents voices in taking on more owed money I will call debt so no amount of Bill or Board will convince me otherwise at the end of the day the board of Woodmen Hills obligated each and every resident to pay back this “not a debt” without our input and a vote. Now what say residents on it. By all means comment as necessary.
This is the same vote stealing tactic the board used in prior election to sway voters and interfere in the election.
Thanks for stopping by and please vote.