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Topic: Bathroom $$ vs Bonding $$, pennies vs common cents< Next Oldest | Next Newest >
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danbelshan Search for posts by this member.

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PostIcon Posted on: Oct. 23 2003,12:28 am  Skip to the next post in this topic. Ignore posts   QUOTE

Hold on to your toilet seats!! Here are the latest numbers for the month ending September 25, 2003 given by the construction management firm overseeing the courthouse/jail/LEC construction.

Freeborn County Government Center
Snap Shot Construction Budget Update to the Board of Commissioners

1 Current Percentage Complete          29%

2 County Approved Budget         $25,729,236.00

3 Total Paid to Date                    $9,242,007.00

4 Balance of Committed Costs     $16,408,054.00

5 Contingency Balance                     $79,175.00
  Contingency does not include any rebates that have been identified to date- Approx. $513,000


Fact:The County bonded the total amount for construction November 15, 2002 at an average interest cost of 4.6% and we are reinvesting the unspent money receiving  an ave of 1.25% interest creating a cost to the County of aprox 3.35% interest on any of the money not yet needed for the construction ($16,408,054.00) number 4 above.

If the County had bonded $9,242,007.00 last November and then waited until now and bonded this September for the balance ($16,408,054.00) the savings in interest to the county would be approximately $458,058.00.  

My opinion:  In other words, we've flushed almost 1/2 million dollars down the toilet.  It would take more than 254 years of advertising touted by our county staff to recoup the interest costs lost in the last 10 months had we just done some research on bonding.  Is saving pennies now necessary because common sense wasn't used previously?  Where were the heads of the people who now make a big splash about saving taxpayer dollars by advertising in county toilets when they were in such a hurry to spend taxpayer dollars previously.  Perhaps they had constipation of the brain.


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minnow Search for posts by this member.

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PostIcon Posted on: Oct. 23 2003,4:38 am Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

Is this legal?

"We're going to be real careful about the advertising that goes up," says Jensen, "anything that's inappropriate or the county deems inappropriate we won't do it."

Oh I see...THEY...not the law, dictates just exactly who and what can be advertised! That can't be legal.

I'd like to advertise our view on specific issues...can we do that? It'll give Gabe something to read while he's sitting on the stool dumping a load.  :laugh:
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PostIcon Posted on: Oct. 23 2003,9:22 am Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

of course the lockstep-4 shall lead us through one of freeborn conties darkest times. how else would the people here be lead deeper into the dark? without their help we might just find our way out of this mess they got us into.

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Hanna Search for posts by this member.

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PostIcon Posted on: Oct. 23 2003,12:02 pm Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

I attended the meeting and I must admit, when Gabrielson stated any money received through bathroom advertisement was that much less tax dollars that needed to be levied, I about fell off my frickin chair.

Someone should tell Gab that sometimes it's better to keep one's mouth shut than to open it and have stupidity spill out.

That was the most rediculous thing I ever heard.
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jimhanson Search for posts by this member.

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PostIcon Posted on: Oct. 23 2003,12:37 pm Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

$1800 a year, that's about 8 days of Gabe's salary.  It would take about 47 years of advertising to pay Gabe's salary for one year! :p

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GEOKARJO Search for posts by this member.
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PostIcon Posted on: Oct. 23 2003,12:50 pm Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

we should buy advertising

to endorse our canidates for the next election
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PostIcon Posted on: Oct. 24 2003,9:33 am Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

The only one that would end up paying for ad's would be bail bondsmen and I believe there are only a couple of them in town right now.

It's pretty sad to see our city and county suggesting this kind of tactic to recoup "anything" for any reason.

Ok ... my mortgage is due soon so I think I will go looking for shiney objects in Walmarts parking lot now    :D
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jimhanson Search for posts by this member.

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PostIcon Posted on: Oct. 24 2003,11:42 am Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

At the same meeting, a report was delivered on the "pay to stay" (in jail) program.  NOTHING has been collected to date! :D

"FROM THE SAME PEOPLE THAT GAVE YOU "PAY TO STAY", NOW WE'RE TALKING ABOUT "PAY TO PEE"! :D

What next, pay toilets? :p


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jimhanson Search for posts by this member.

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PostIcon Posted on: Oct. 24 2003,11:46 am Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

From the "Sages of Liverpool"--the Beatles--life imitates art. :D

Quote
Let me tell you how it will be
There's one for you, nineteen for me
'Cause I'm the taxman, yeah, I'm the taxman

Should five per cent appear too small
Be thankful I don't take it all
'Cause I'm the taxman, yeah I'm the taxman

If you drive a car, I'll tax the street,
If you try to sit, I'll tax your seat.
If you get too cold I'll tax the heat,
If you take a walk, I'll tax your feet.
Taxman

'Cause I'm the taxman, yeah, I'm the taxman

Don't ask me what I want it for
(ah,ah Mr. Wilson)
If you don't want to pay some more
(ah,ah Mr. Heath)
'Cause I'm the taxman, yeah, I'm the taxman

Now my advice for those who die
Declare the pennies on your eyes
'Cause I'm the taxman, yeah, I'm the taxman
And you're working for no one but me.


Edited by jimhanson on Oct. 24 2003,11:47 am

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PostIcon Posted on: Oct. 24 2003,3:10 pm Skip to the previous post in this topic.  Ignore posts   QUOTE

How about that--- Our goverements national anthem :p
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