The race is on: Cal mtg. takeover vs. KVHD bond measure or tax increase...oooh it's going to be close

My money is on Cal Mtg.

Since I have recently discovered or had the epiphany that nobody can really understand this "can of worms" or as some call it around here, "Pandora's box," my blog, full of far too much information.

But there are people who know exactly what I'm talking about. They are the board members at KVHD, the administrators, the government entities who play dumb and keep the public confused and unable to sort through the facts, or more so the evidence.

Currently, keeping you up to date, the hospital would really like it if you and you and you and heck, all of you in the Kern River Valley, would pledge to pay off a 30 year bond, worth about 20 million to the hospital. It will be about $100 per 100K of assessed value. Or option two comes with three suitcases and a carry on, and only costs $90 extra dollars per 100k of assessed value.

Now what they are going to do with the money ( is any one's guess, probably run) is pay off that debt from 20 years ago which is a great story for a party with alot of alcohol available as that is what you'll need to get anyone dumb enough to believe the story.

It started out at 22 million to build on to the existing hospital worth maybe 3 million. Cal Mtg. a cunning California plan devised to actually make money insured it would be done and accepted the backwoods plan to make this hospital hum.

We use their credit and Cal Mtg. insures our loans or revenue bonds. But if you don't pay Cal Mtg. they come in and take your hospital or clinic or even Home for Jewish Parents which has 118 million in debt covered by Cal Mtg.

Why do we care about that?

Because the CEO of our hospital, Tim Mcglew, worked there and was part of the 118 million dollar solution and obviously knows quite a bit about Cal Mtg.

And some members of the community may remember that Cal Mtg took over this hospital one hot summer day ( or cold winter morn') and discharged the CEO and chairman of the board, with a snap of the fingers and appeared a line of polyester suits waiting to be paid to fix the failing hospital.

One of the people who came to us around that time, is the current cheif financial officer, Chet Beedle. He started off as a part time kid, then, suddenly full time, even though the hospital had a controller and still has a financial consulting firm which could have handled everything.

Beedle is suspect to me as last year on tape, on video, he told this community there were no problems financially and my proposal to Cal Mtg. was totally unnecessary. Yes, we could have tried to wheel an deal but nobody had the proper sports car, especially Mr. Beedle.

Also, Beedle is known to have a lucrative contract with this public healthcare district where he resides in Apple Valley, but is allowed free rent to live during the week in the valley.

His salary, his benefits are over the top for a modest or bargain type healthcare district.

People who complain about administrative costs at your banks, at Wal Mart, should look around your own corner and quit staring at the TV.
Right in your own backyard.

General obligation bonds

If the hospital somehow convinces the voters of the valley to go ahead and give them 20 million and it happens, what happens if there's another circumstance where the community would need money?

What I'm saying is that if we take out this GOB and suddenly we need another one to save a school or maybe fix the damn, we will still be burdened for thirty years paying off this bond.

It's a consideration that there are a lot of needs for bonds, schools, recreation, potentially fixing the dam, or a great big outdoor theater with acoustics which are like none ever heard (it could be urgent).

The hospital had a lot of chances

If Cal mtg. comes in because we can't pay our way, oh well. This district has had a lot of chances to try and run itself, voters you voted these folks in who made the decisions that lead to this dead end. We have criminal and civil lawsuits, but never an apology from the people who allowed this to happen.

Forget the apology, I believe most should be charged or used as a witness.

Let Cal Mtg. run the hospital. If they want it take it, it's not working anyway.

Then if a private hospital comes along, they could see an excellent opportunity to make a dollar up here. If you're the only game in town and you still can't make it, what exactly does that say about you?

Come on over Cal mtg. I can't wait...

I'd have a veritable ball if Cal Mtg came here and took over the hospital. I would probably live here the rest of my life because of it.

Imagine, Don Morey, could visit all the time, with Gary Evans, and we could drink some beers over at the cove. I know we would be great friends, as I love government agencies who take advantage of small town folks for big money, and then threaten to take over.

We will have a ball. Trust me.

Next idea: could taxes be a better solution?