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ladymar
Floresville
August 19, 2011 4:39pm
I also attended the meeting last night. What a show! The Mayor is trying to pit citizens against each other, in my opinion. Namely those who are not in favor of placing the city further in debt against parents who want adequate playing fields for their children.
I know the parents would like to have new playing fields for the children; however the issue should be addressed by the 4B under parks and recreation and not a multi-million dollar sports complex funded by bonds issued and guaranteed by the city. The 4B is charged with this very activity. The sales tax money the 4B receives could be dedicated to improving and creating additional fields as the funds are available according to a master plan. The Mayor and Council appear to be considering at least 4 fields; however the Mayor stated on more than one occasion he was in favor of 8 fields. Now we are talking about spending between $2,240,000.00 and $15,000.000.00, depending on the number of fields. Please note this does not include the interest on the bonds which were projected last night to be around 4.5% for 20 years. Sooo lets look at the real cost. $2,240,000.00 at 4.5% interest, paid for 20 years comes to $3,500,000.00. And that is the low estimate. You do the math for the $15,000,000.00.
So now the Mayor and Council hires an outside consultant for $10-12 thousand to diagnose the needs of the various sport groups within the city and come up with a “Plan” to spend citizen’s money. Could not our city manager or someone at city hall possibly be capable of meeting with the heads of the sports organizations and compiling a list of the needs of the various groups? The people who spoke last night seemed to be very aware of the needs concerning fields, concessions, dressing rooms, parking, night games vs. day games, etc.
Contrary to what the Mayor says, the city guaranties the bonds which it issues, therefore if a payment is missed by a commercial supporter, or 4B has insufficient funds to make the annual payment, it falls back on the city to makeup the difference. In other words if anything goes wrong the citizens pick up the tab! Now we all know everything always goes according to plan in our fair city. Especially with the great minds on the city council running the show! So citizens of the Flo sleep well tonight and know that you are in “their” capable hands. By the way, do you think any one of them know what the cities’ bond rating is? Just food for thought.
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