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re: BLOG: Fixed Costs on Tram Contracts and More Funding for Af
Some guarantee.
From the O today it appears the loop hole, (low market value threshold)in the Amendment 8 NMI guarantee of future property taxes, is so big that there is no possible way for the city to either get a check cut or take any land should the TIF projection not be realized.
The guarantee that guarantees nothing.
What exactly is the observing public supposed to think of such an agreement?
Or, better yet, did PDC staff withhold this loop hole from PDC commissioners, URAC and City Council?
That's reminiscent of the $15.5 million Tram price fiasco.
Among other concerns is the inability
of URAC members and taxpaying bloggers to get answers to simple yet germane questions.
There are many unasnwered budget questions endlessly floundering but I find it amazing that the simple inquiries about the Federal approval of the Tram over I-5 are met with silence.
It is unfathomable that the PDC, PDOT and transportation commissioner Adams do not know the status of this approval.
What is the public supposed to think of that status being withheld from the public?