Concord Trustees Vote for the “Just in Case” Fire Levy

The new Concord Trustees, after many weeks of stakeholder meetings, deliberations and discussions, have decided to put an $8 million (plus interest) Bond Levy on the November 3, 2020 ballot.

At their special meeting held tonight they had two options that they were considering for funding the extravagant main fire station being pushed by the Fire Chief, Matt Sabo.

Option 1 was a $6 million (plus interest) 26 year bond levy that would have generated enough revenue to pay for the fire station Chief Sabo said he needed to serve the community.

Cost to taxpayer: .45 mills x $35.00 = $15.75 per $100,000 home valuation
H.A.T. = $15.75 / .3 = $53.50 per $1000,000 home valuation

Option 2 was an $8 million (plus interest) bond levy for 26 years.

Cost to the taxpayer: .6 mill x $35.00 = $21.00 per $100,000 home valuation
H.A.T. = $21.00 / .3 = $70 per $100,000 home valuation

Here is the resolution that covered the $8 million: Concord Fire Levy Resolution for $8 million

Why did they select the $8 million bond levy when they only needed $6 million to pay for the main fire station?   Are you ready for the answer?

omg 3JUST IN CASE” THE EXTRA MONEY IS NEEDED! .Honestly, that was their rationale.  The interest rates are low, so why not borrow money that you do not need now JUST IN CASE you need it down the road?  If we did not know better, this seems like a reincarnation of the Malchesky / Galloway tandem.

So the new trustees’ legacy will be the majestic fire station, and their political careers will rise or fall on tonight’s decision.   In our opinion, they have swung for the fences, and missed the ball completely.

It is now up to the voters…

*****

 



Categories: Concord, Lake County Cities & Townships, Uncategorized

Tags: , ,

25 replies

  1. Enjoyed every bit of your blog.Much thanks again. Much obliged.

  2. I really liked your article post.Really looking forward to read more. Want more.

  3. Say, you got a nice blog article.Really thank you! Keep writing.

  4. Major thanks for the blog post.Thanks Again. Awesome.

  5. Appreciate you sharing, great blog.Thanks Again. Want more.

  6. I am so grateful for your blog post.Much thanks again. Really Cool.

  7. This is one awesome article.Much thanks again. Will read on…

  8. A round of applause for your blog article.Really looking forward to read more. Want more.

  9. Thanks for sharing, this is a fantastic post.Much thanks again. Really Cool.

  10. Im grateful for the blog.Thanks Again. Keep writing.

  11. Thanks so much for the blog article. Want more.

  12. Thank you for your blog post.Really thank you! Keep writing.

  13. This is one awesome blog post.Thanks Again. Want more.

  14. Im obliged for the article.Thanks Again.

  15. Muchos Gracias for your blog.Much thanks again. Much obliged.

  16. Awesome post.Really thank you! Awesome.

  17. Thanks for sharing, this is a fantastic post.Really thank you! Keep writing.

  18. 268670 705553Hey! Good stuff, do tell us when you post something like that! 45177

  19. Wow, great article.Thanks Again. Cool.

  20. Im thankful for the article post. Keep writing.

  21. Appreciate you sharing, great article post.Really looking forward to read more. Great.

  22. Enjoyed every bit of your blog.

  23. 707261 829894Im glad I located your article. I would never have created sense of this topic on my own. Ive read a few other articles on this topic, but I was confused until I read yours. 412494

Trackbacks

  1. Concord’s ACT…Vote No on Issue 1 – Lobbyists for Citizens

Leave a Reply

Your email address will not be published.

%d bloggers like this: