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| | Author | Messages | |
cholo bandito
Posts:817
 | | 09/29/2008 9:59 AM |
 Alert | Yeah, buiding amenities and infrastructure is a great thing. However, now is not the time to ask for $65,000,000 for PRL. Try again next November. | |
I plan on living forever, so far so good.
Cigarettes are stupid. If you are going to smoke something, it might as well get you high.
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| | Leelan
Posts:3
| | 09/29/2008 10:23 AM |
Alert | I agree with you 100%. When folks are struggling just to pay their mortgages and avoid the rampant foreclosures popping up throughout our city, now is not the time to ask citizens to pay for recreation. | | | |
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| | LeonPotter
Posts:596
| | 09/29/2008 10:30 AM |
Alert | Posted By cholo bandito on 09/29/2008 9:59 AM Yeah, buiding amenities and infrastructure is a great thing. However, now is not the time to ask for $65,000,000 for PRL. Try again next November.
The total estimated cost is $107,000,000. The $42million is interest IF the rate is a little more than 5%(cap is 10% and is repaid over 20 years(can be 40 years.) Source: question #5 voting materials.
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My answer WAS "NO" to Q#5 and Q#1.
Proverbs 22:7
The rich ruleth over the poor and the borrower is servant to the lender. | |
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| | Phil.Fulmer
Posts:103
| | 10/01/2008 9:14 PM |
Alert | This assumes the city issues all 65.5 million at once and they don't make a single payment until the final day of the bond expiring. Bad logic because that's not true. Those numbers have to show worst case. Posted By LeonPotter on 09/29/2008 10:30 AM Posted By cholo bandito on 09/29/2008 9:59 AM Yeah, buiding amenities and infrastructure is a great thing. However, now is not the time to ask for $65,000,000 for PRL. Try again next November.
The total estimated cost is $107,000,000. The $42million is interest IF the rate is a little more than 5%(cap is 10% and is repaid over 20 years(can be 40 years.) Source: question #5 voting materials.
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| | LeonPotter
Posts:596
| | 10/02/2008 8:08 AM |
Alert | Posted By LeonPotter on 09/29/2008 10:30 AM
The total estimated cost is $107,000,000. The $42million is interest IF the rate is a little more than 5%(cap is 10% and is repaid over 20 years(can be 40 years.) Source: question #5 voting materials.
osted By Phil.Fulmer on 10/01/2008 9:14 PM This assumes the city issues all 65.5 million at once and they don't make a single payment until the final day of the bond expiring. Bad logic because that's not true. Those numbers have to show worst case. No it doesn't assume that. I got those number straight from the voter's information guide. It shows the bonds being issued as tranches staggered over 4 issues. The payments are shown to be amortized (principl & interest) over a 20 year @ 5.12% payback for the respect (4) tranches. Each tranche has it's repayment listed separately. Based on those assumptions given by the information guide, the total 65 mIllion bond would have a total cost of 107 million dollars (42 million in interest). It doesn't matter if the 65million is issued all at once or staggered as long as the interest charged for each dollar outstanding stays the same and the payback period is the same. The difference would be the payoff would happen all at once instead of staggered, too. The one difference I can see is the $100,000 cost for issuing each tranche.( I'm guessing here) that it would cost $100,000 if issued at once instead of $400,000.
You made certain assumptions regarding my numbers. Bad logic because it wasn't true. Those numbers came from the voter's guide and were NOT worse case.The WORSE case was bond repayment over 40 years at a max. interest rate capped at 10%. That WAS NOT illustrated in the voter's guide.
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My answer WAS "NO" to Q#5 and Q#1.
Proverbs 22:7
The rich ruleth over the poor and the borrower is servant to the lender. | |
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| | azcopa
Posts:92
| | 10/02/2008 8:33 AM |
Alert | Sorry but I have to agree that this is just not the right time. This is really not the time for anyone to go into debt. This city is growing, yes slower than most people wanted but there is some progress. In a year or two this issue can be addressed again and hopefully the time will be right. Right now the people who are moving here are because the housing is so dirt cheap. While we all hope our property values increase, our taxes are already higher than other parts of Pinal County. And with yet another nickel and dime increase, Maricopa will soon become less desirable because of the high taxes, thus our property values decreasing again. I don't see where any of the items of growth that are proposed are a real "need" right now.
Parks- We have one community park now. All the developments have multiple park areas available to their residents.
Pool- Would be nice, however alot of homes already have pools in their back yards or some have community pools. Building a city pool in RED, is really not central to the city of Maricopa and the future developement plans.
Library- We are building a new one. Let's get that up and running before we "need" something bigger and better.
Yes bright and shiney new things are great to have, but lets not have "buyers remorse" by biting off more than we can chew in this economy.
I VOTE NO! (at this time) | | | |
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|  | Protofish
Posts:190
| | 10/02/2008 9:38 AM |
Alert | But would it not be nice to walk thru the new city park for the last time before you loose your home to forclosure or any other financial hardship reason? | | | |
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| | cholo bandito
Posts:817
| | 10/02/2008 9:55 AM |
Alert | Posted By Protofish on 10/02/2008 9:38 AM But would it not be nice to walk thru the new city park for the last time before you loose your home to forclosure or any other financial hardship reason?
The new city parks are for the people, who lose their houses, to sleep in.
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I plan on living forever, so far so good.
Cigarettes are stupid. If you are going to smoke something, it might as well get you high.
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| | amarchione
Posts:73
| | 10/02/2008 3:22 PM |
Alert | Hello,
For anyone who's interested in placing a sign in their yard, opposing the bond measure, please Private Message me. We have signs on the way.
The signs will read as follows: NO ON #5 - NO NEW TAXES
Thank you. | |
NO on Question #5. NO to Debt and Taxes!
"Instant Gratification" is followed by debt. | |
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| | Whosis
Posts:39
| | 10/09/2008 7:55 PM |
Alert | Whats funny is the library that 85239 the magizine sites as an example for the one we 'need" services a suburb of LA that has over 50000 people. Cerritos, CA. | | | |
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| | llggs
Posts:67
| | 10/22/2008 10:51 PM |
Alert | Anyone know where I can get one of those No on Question 5 signs? I see one of my neighbors has a nice big one in their yard and I would love to have one.
Thanks! | |
I previously had 1 trillion posts! | |
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| | JAG
Posts:676
| | 10/23/2008 4:25 AM |
Alert | Posted By cholo bandito on 09/29/2008 9:59 AM Yeah, buiding amenities and infrastructure is a great thing. However, now is not the time to ask for $65,000,000 for PRL. Try again next November. Now is the perfect time, create jobs, get work done cheaper then tommorows doller. Right now is the time to invest in stocks, buy a car, house, etc, etc. | | | |
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| | red_dawn
Posts:37
| | 10/25/2008 6:46 PM |
Alert | | I got my early ballot sent in. After a bit of pencil chewing, I voted no. Question 5 is a great idea, but not right now. Maybe next year or the year after. | | | |
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| | Coyotes Fan
Posts:67
| | 10/25/2008 7:13 PM |
Alert | To me it doesn’t really matter what the total payout is over 20 years, 40 years, whatever. What I see is the immediate expense increase on my part; my tax payment. I don’t care of it won’t increase until 2010 or 2011, the fact remains my house is worth $170K less than I paid for it and I owe almost $100K more than it’s worth. I refuse to optionally pay any more in taxes than I have to. I’d rather take that few hundred dollars a year and apply it to the principle of my home.
Yes, I have kids and yes I would LOVE to see more PRL resources (parks, pools, library, etc), this just isn’t the right time.
There are A LOT of renters in my neighborhood, and I’ve expressed to them the importance of voting no. Some of them understood the ramifications of this as they were homeowners until recently and agree voting “No” makes the most sense. Others had to be shown the importance of the issue. Some of them I won over and some of them I feel are still retarded renters and will vote the wrong way.
Hopefully there are more educated people in Maricopa than uneducated and Q5 will be defeated with flying colors. | |
One of President Bush's top economic advisers said Sunday "that parts of the country probably already are experiencing a recession..."
In other breaking news - the world is round. | |
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| | amarchione
Posts:73
| | 10/25/2008 7:53 PM |
Alert | Coyotes Fan,
If you would like a sign for your yard, please let me know, I still have some available.
Also, Renters need to understand that once the property tax increases start hitting the books, their landlords will most likely be raising rents. They will also feel the burden by increases in the costs of local good and services, as most likely, the rents for local businesses will increase.
I thank you for trying to show others in your community the ill effects of this bonds passage at this time. The bond is more about those pushing to make money on our tax dollars, than it is actually caring for the quality of life of Maricopa residents. I have met many parents who are voting NO on this bond. Local business owners that I have spoken with, are also voting NO. It is my hope that Question #5 will be defeated, and send a strong message to City Hall on what immediate priorities need to be.
Respectfully, Alan Marchione
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NO on Question #5. NO to Debt and Taxes!
"Instant Gratification" is followed by debt. | |
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| | Phil.Fulmer
Posts:103
| | 10/25/2008 10:20 PM |
Alert | Coyotes Fan writes: "Hopefully there are more educated people in Maricopa than uneducated and Q5 will be defeated with flying colors."
So people who vote for this are uneducated? That's a little rough and out of line. Might not be want you meant to say but it's the implication of your words. | | | |
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| | JAG
Posts:676
| | 10/25/2008 11:41 PM |
Alert | Posted By Phil.Fulmer on 10/25/2008 10:20 PM
Coyotes Fan writes: "Hopefully there are more educated people in Maricopa than uneducated and Q5 will be defeated with flying colors."
So people who vote for this are uneducated? That's a little rough and out of line. Might not be want you meant to say but it's the implication of your words. The ironic thing is that most of the people who are saying no to this Bond really have not read much history. It was this exact type of work that got us out of the Great Depression. | | | |
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| | pissedparent
Posts:333
| | 10/26/2008 1:09 AM |
Alert | Posted By azcopa on 10/02/2008 8:33 AM
Sorry but I have to agree that this is just not the right time. This is really not the time for anyone to go into debt. This city is growing, yes slower than most people wanted but there is some progress. In a year or two this issue can be addressed again and hopefully the time will be right. Right now the people who are moving here are because the housing is so dirt cheap. While we all hope our property values increase, our taxes are already higher than other parts of Pinal County. And with yet another nickel and dime increase, Maricopa will soon become less desirable because of the high taxes, thus our property values decreasing again. I don't see where any of the items of growth that are proposed are a real "need" right now.
Parks- We have one community park now. All the developments have multiple park areas available to their residents.
Pool- Would be nice, however alot of homes already have pools in their back yards or some have community pools. Building a city pool in RED, is really not central to the city of Maricopa and the future developement plans.
Library- We are building a new one. Let's get that up and running before we "need" something bigger and better.
Yes bright and shiney new things are great to have, but lets not have "buyers remorse" by biting off more than we can chew in this economy.
I VOTE NO! (at this time)
I agree, I don't feel that having these things will deter anyone from coming to Copa...30,000 moved here with just CVS and Fry's. 11/2010
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| | JAG
Posts:676
| | 10/28/2008 3:35 PM |
Alert | "Try again next November." I do not understand this logic. What does 1yr going to actually do. | | | |
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| | luceee
Posts:332
| | 10/29/2008 12:53 PM |
Alert | NO | |
Love Comes To The Forest | |
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