I arise in the morning torn
between a desire to improve the world
and a desire to enjoy the world.
This makes it hard to plan the day. E.B. White
From fire comes new growth
Right now there is smoke wafting up through the canyon, into the valley, where it is settling in all of our lungs. I have been a bit out of touch due to a few health issues, and wish all well, in Havila and Bodfish and have called friends in the area to make sure they are playing it safe with fire.
I don't know what they are calling it the "Canyon fire" as maybe fires should have names like hurricanes which are giving the gulf all it can handle already this year after the oil leaks and sinking ships.
Maybe we could call the canyon fire "Chet" or "Pam" or "Cathy," could be "Jerry" "Donald" too. I don't know, but I have little info on that situation, I'm still choking on the smoke coming from the Kern Valley Healthcare District.
It's a sad time for many people all over the world, and I have given my brother strict instructions to stay away from watching the TV news as it has no answers to give, only pictures of the pain repeated like a mantra. We need to have hope and faith to survive.
This has been one heck of a fire season up here in the Kern River Valley and I also know it can be quite unpredictable. We have to stay aware of our surroundings, leave nothing to chance, as it can suddenly come up on you from behind.
The fire though is under KVHD, as administrators have left no other options for themselves in the case of the new "property tax" bond measure which could lead to a financial default which in turn could lead the retiring of these bond selling administrators...by the very contract they signed us all up for in 1986, the original debt (No not Columbia House, though it's close, but Cal Mtg.)...
No, they don't have anything to lose, they have everything to lose including their jobs if they don't convince 2/3 of this community to pay for the past transgression which lead to our current predicament or I mean "construction project" or whatever they are saying now.
And this bond will not solve the problems for KVHD in the future, they will have to come to the voters of this valley again, for another round of money, as this is only the first bond. As the CEO said, "we're trying to get a head start," with what?
Since the meeting in August KVHD board meeting
After I witnessed the board of directors and the administrators basically put up a "roadblock" to other options than a property tax debt for the community for the next 30 years, I couldn't help but want to know why they chose the easy way out or actually the easy way to big money and fast.
This bond has been used as collateral or a lure, to obtain credit already, as they are pretty sure of themselves over there that they can get this community to saddle itself with almost the same amount of money which caused the problems in the first place, 22 years ago, 22 million dollars.
That would be true irony. (I will admit, I will laugh heartily if that happens as this is a Divine Comedy...)
There are other options no one has openly discussed and we will analyze them on and around November 2, election day.
Monday I will have a post to respond to the KV Sun "snowdown" with the questions and answers.
Here's an answer you may want to listen to:
It's an opinion: called "just build it"
http://www.tehachapinews.com/content/just-build-it/31485
Persistance and Tenacity, requires a new chapter, a new beginning....
Showing posts with label tax increase. Show all posts
Showing posts with label tax increase. Show all posts
Tuesday, October 5, 2010
Wednesday, April 7, 2010
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?
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?
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