Rob_Smoke
111p3,783 comments posted · 1 followers · following 0
9 years ago @ Daily Camera.com: - Jean Aschenbrenner: Co... · 0 replies · +10 points
Stay with me just one moment: Two years ago, Macon Cowles made a stern announcement which he also presented in an op-ed piece -- he wanted to see the City borrow funds for its utility purchase via a "negotiated bid" issuance, which he claimed was important because it would allow more local investors to pick up the bonds. Well...if you click the link above, you can see immediately that "negotiated bid" sales do not qualify when a City has good credit, and Boulder has very good credit. A study was done across thousands of municipal bond issues, and negotiated bid sales outperform for their issuers only a fraction of one-percent of the time. In other words...Cowles was advocating (without saying as much) for a bond sale that would likely be several million dollars above what it should be cost-wise to the City. When I checked in with the City about it, no one had data to back up Cowles' assertions. The financial guy for the City, who has since retired, told me that the negotiated bid aspect fell under the general heading of "best practices", which the City had researched. Meanwhile, negotiated bid sales also allow for a channeling of funds through one underwriter, who is deciding on a non-indexed rate and is in control of the amount they make on the sale. There are other aspects that are questionable, but it was in fact a negotiated bid sale in Florida that led to the conviction of a council member there who did -- only what Cowles has been doing -- providing direction towards the implementation of a negotiated bid sale of bonds. Seriously...when you hear Cowles or another council member voice sentiments on a topic where the big underlying issue is ...money...do you sincerely believe their comments are purely from an unbiased analytic view? Or is there something else going on?
9 years ago @ Daily Camera.com: - Boulder police investi... · 0 replies · -2 points
9 years ago @ Daily Camera.com: - Eric Budd: Occupancy l... · 1 reply · +2 points
9 years ago @ Daily Camera.com: - Deal reached to avoid ... · 0 replies · +2 points
9 years ago @ Daily Camera.com: - Cate Lawrence: Time to... · 0 replies · +1 points
9 years ago @ Daily Camera.com: - Rob Smoke: Pope\'s inv... · 1 reply · +8 points
http://www.huffingtonpost.com/entry/homeless-crim...
9 years ago @ Daily Camera.com: - Joe McDonald: Citizen ... · 0 replies · +10 points
9 years ago @ Daily Camera.com: - Alan Delamere and Oliv... · 0 replies · +1 points
9 years ago @ Daily Camera.com: - Newlywed Denver bride ... · 0 replies · +2 points
9 years ago @ Daily Camera.com: - Kathryn Herbert: Excit... · 0 replies · +5 points
There are several holes in the City's plan -- several drawback. If the City had good intentions, it would squarely address those issues -- but instead, Heather Bailey's guest op made statements about whether or not we really want the opportunity to confront global warming -- as if that opportunity was trashed if we don't all follow along.
The underlying question is whether the City is acting in good faith -- bumbling through difficult issues and questions and answers -- or whether they know they don't have good answers to the questions raised -- by myself, by people like Pat and Steve and the others who simply get rebuked for asking meaningful questions. I think at this point we are clearly in the "bad faith" territory. Critics can take a hike -- the City seeks conversation only with those who "love Boulder" enough to agree with them.
Not good circumstances at all.