watch

London, KY

#183 Feb 22, 2013
EKT wrote:
<quoted text>
Explain how it works then. Municipal governments default all the time with little consequence other than a little bad publicity. If the place was worth $900,000 and they've paid some on it then they could be sued if they defaulted but the award to the sellers would be no more than get the property back and keep the money. The City would be better off.
would the city council have to vote on that?
gkg

Manchester, KY

#184 Feb 22, 2013
same 3old thing
local

Brookfield, WI

#185 Feb 22, 2013
If its that easy then why hasn't the city already done it. Maybe they would drop the annexation.

Since: Aug 12

Location hidden

#186 Feb 22, 2013
The city of Manchester will not default on their debt; it's not about walking away from their obligations. If they default it will hurt everybody living and working for the city. The problem with the Mayor and the city council is that they won't cut. They have this mentality of all things that deal with cuts to them equals slowing progress. They want to rush building New York buildings and tourist attractions without laying the foundation. They donít understand that they were voted by those people living inside the city and they are always in a rush to please people outside the city that donít live there, they donít shop there, they will never go to school there. If you notice itís always about those outside the city that they want to pull in. Itís a shame because it also means they donít see any value in those living and working there.
Most in THAT office don't know how to govern. They are like a teenage girl that goes to the mall and buys everything in her sight with daddy's credit card and later getting her daddy to get her out of a jam by getting him to pay for it. The Mayor goes to these city development classes run by progressives and since he has nothing to compare it with believes he now has all the answers on how to get out of his jam. They learn these Socialist ideas by people who repackage the idea, give it a new bow and people look at it like it's some new and great idea.
Nothing is new under the sun, all these ideas have been done before but if you donít know anything about the past itís new to you or them. I remember when Carmen Lewis pushed in having the very same regulations Lexington has and wanted those statues in Manchester. She knew nothing about Lexington, she just saw the shopping centers and the tall buildings but she didnít have a clue of the debt they have and who is paying for it. People arenít getting it, the bills have to be paid, your City is in debt, your State is in Debt, your County I am sure has debt although I donít know their financial situation, and your country is in debt. So what do you think is going to happen with all this debt when itís time to pay it?
Government should NEVER be in the business of buying property for anybody but as you noticed the one who sold it wasnít a nobody, he is one in office rubbing elbows with the ones who made the decision to buy it.(Old boy network)
My guess for the reason the Mayor pushed to pay for the ex mayorís attorney fees is so a precedent can be established. In other words they will continue to rule over you and they want to make sure you pay for their attorney fees if anybody wants to sue them. That decision to me just didnít make sense to me why they voted that in with your money. By the way, just so you know I will benefit when they annex you. So the city council person who said I donít care about the people lied to you. My reason for writing even though I benefit is because I learned a long time ago, life isnít all about money for me. You donít have to take my word for it but like I said when they annex and I believe they will, that wonít hurt me, I am already in the city.
dagnabit

London, KY

#187 Feb 22, 2013
It don't work that way. Previous owners would not accept the property back with the environmental damage and liability. City can be sued like anyone else. Previous owners would win and take any assets the city has. If it was that easy the GOOFBALLS would have already done it. No one wants the y hollow. nothing will go there in our lifetime. Big piece of crap that shows how goofy and stupid hillbillys can be when they are offered gift from god. Spent almost 1 million dollars without doing simple investigating. City will continue to pay big interest to previous owners and in a hundred years or so it will be payed for. Maybe obama will put a green factory there to make solar panels and gasoline from dirty diapers and beer cans. Previous owners made a good investment.
EKT

East Bernstadt, KY

#188 Feb 22, 2013
dagnabit wrote:
It don't work that way. Previous owners would not accept the property back with the environmental damage and liability. City can be sued like anyone else. Previous owners would win and take any assets the city has. If it was that easy the GOOFBALLS would have already done it. No one wants the y hollow. nothing will go there in our lifetime. Big piece of crap that shows how goofy and stupid hillbillys can be when they are offered gift from god. Spent almost 1 million dollars without doing simple investigating. City will continue to pay big interest to previous owners and in a hundred years or so it will be payed for. Maybe obama will put a green factory there to make solar panels and gasoline from dirty diapers and beer cans. Previous owners made a good investment.
Actually, it does work that way. If the Y-hollow has to be environmentally remediated it will work that way because the City won't have the money. But I'm sure as long as they can pay it they will. If they did default, the previous owners or lien holders, whatever could sue but would the City would come out ahead of the game. That's not to say they would not have a loss, but it would not be as big of a loss as they will have.

What is wrong with the City is the property taxes are too low, much lower than any other City around close, but more than that the water rates are probably the lowest in the state. They are selling water for less that they pay for it and yes they do buy some of it. If the water rates were raised comparable to Laurel County, there would be several million in extra revenue.
has to be

London, KY

#189 Feb 22, 2013
This ekt has to be a democrat, always wanting to raise taxes or something else. This not new york city where they all kind of high paying jobs, if you want to pay more ekt send them more of your money to waste, us poor folks do like to keep a little of our money.
EKT

East Bernstadt, KY

#190 Feb 22, 2013
No, not a Democrat. No party affiliation really but Manchester had not raised tax rates to keep up with other cities. The county has. Probably the biggest thing is the water rates. They're extremely low, but they will be raised because now the City has a bit debt for the water plant. The creditors will force it and they can. They forced it in Laurel County after Laurel built their new plant. It's a given.
facts

London, KY

#191 Feb 22, 2013
I thought the new water plant was from funds stivers got them from state government and rogers got them from federal government. You must not live in area that not on the city sewer and water, seen some bills well over a hundred dollars a month, seems like that pretty high to me. Just my opinon seems like they got a whole lot of city workers for such a small town, and especially since they used the jailbirds like the state to do lot of their work.
EKT

East Bernstadt, KY

#192 Feb 22, 2013
There were grant funds and loan funds. But the debt is significant for a small town. This is all public record. I don't know what the total debt for Manchester is, but it's not low. I have it here somewhere at least as of last year, but I don't know what I did with it. The water rates are extremely low. Some of it is purchased from Laurel County and sold through Manchester for a lower price. That's subsidizing and municipal governments are not allowed to do that. They need a water rate raise of about $2/1000 gallon to come into line.
EKT

East Bernstadt, KY

#193 Feb 22, 2013
One thing I don't understand is how the City can own a money losing golf course and that golf course not be in the city limits. As I understand it, it is not but I could be wrong. If it's not, then sound fiscal policy would demand it either be closed, sold, or annexed.
Well

Williamsburg, KY

#194 Feb 22, 2013
EKT wrote:
<quoted text>
Actually, it does work that way. If the Y-hollow has to be environmentally remediated it will work that way because the City won't have the money. But I'm sure as long as they can pay it they will. If they did default, the previous owners or lien holders, whatever could sue but would the City would come out ahead of the game. That's not to say they would not have a loss, but it would not be as big of a loss as they will have.
What is wrong with the City is the property taxes are too low, much lower than any other City around close, but more than that the water rates are probably the lowest in the state. They are selling water for less that they pay for it and yes they do buy some of it. If the water rates were raised comparable to Laurel County, there would be several million in extra revenue.
Usually the federal government (EPA, Land Management) offers funding to cities and landowners to reclaim land damaged by past business operations. Otherwise, the Feds don't care what shape the land is in.
Mad Money

Williamsburg, KY

#195 Feb 22, 2013
EKT wrote:
One thing I don't understand is how the City can own a money losing golf course and that golf course not be in the city limits. As I understand it, it is not but I could be wrong. If it's not, then sound fiscal policy would demand it either be closed, sold, or annexed.
Ever hear of a loss leader?
moony

Somerset, KY

#196 Feb 22, 2013
maybe the city can get some of that funding.
i bet

London, KY

#197 Feb 22, 2013
They could sale y-hollow to private owners if they wanted to. Be the ideal spot for the smiths to set up another trailer park. Seriously if they wanted to they could turn it into a natures trail for horse or 4 wheel riding. They many trails already there, it goes over into paces creek and you could with a little work go alway into beech creek be long trails for riding. why not build a few cabins rent them out to tourist or people wanting to get away from crowds. Trouble with most that are posting they just wanting to blame this one or that one just to be hateful not wanting something worth while. This cat wanting to raise water rates or taxes, let me ask him something when was last time he seen rates or taxes increased and it fixed a problem. The less money anyone has to spend hurts everyone, to many in this area on a fixed income so any increase just like fuel cost now its killing our country. Now they want to raise wages, common sense if you got any will tell you it helps no one but the government. If wages go up companies lay of workers, raise price they charge for there products or services and what good does that do anyone. Same thing with raising water rates or tax increases, means people have less to spend else where and other business loose so they lay of people. Sorry for the rant, it just gets to me how every time they a problem its raise taxes or increase the cost for services.
really

Somerset, KY

#198 Feb 22, 2013
EKT wrote:
<quoted text>
Actually, it does work that way. If the Y-hollow has to be environmentally remediated it will work that way because the City won't have the money. But I'm sure as long as they can pay it they will. If they did default, the previous owners or lien holders, whatever could sue but would the City would come out ahead of the game. That's not to say they would not have a loss, but it would not be as big of a loss as they will have.
What is wrong with the City is the property taxes are too low, much lower than any other City around close, but more than that the water rates are probably the lowest in the state. They are selling water for less that they pay for it and yes they do buy some of it. If the water rates were raised comparable to Laurel County, there would be several million in extra revenue.
I moved to Laurel county from Manchester and my water bill is the same here as it was there.
EKT

East Bernstadt, KY

#199 Feb 22, 2013
Then you use less water. Most likely it's higher, it's just not really enough to notice. West Laurel is the cheapest I believe and is about #2.50/1000 gallon higher than Manchester. Then it's Laurel Water #2 which is a little higher than that. LUC gets their water from another plant and just adds price to it. The price of water usually is not very noticeable even when it increases by 10% because it's only a few bucks, but it means a lot to a Water District or city.
mex

Somerset, KY

#200 Feb 23, 2013
the city is stuck with that piece of property so why complain about it now.
carl

Somerset, KY

#201 Feb 23, 2013
I know one guy that isnt gonna complain and his name is james philips.
nina

United States

#202 Feb 23, 2013
come on has anyone gone to the council meeting and listened to those idiots. I heard they all don't actually all live in Manchester anyway. someone needs to check into that, they should not be on council anyway. thats manchester trash for ya!!!!!!
Just me wrote:
<quoted text>The county should raise hell

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Manchester Discussions

Title Updated Last By Comments
Constance Jayde Banet 11 min Columbo 16
Bible study rules for public schools proposed (Feb '10) 43 min Eddie 133,434
toe and lynn 1 hr lol wow 3
Suzanne Peters 4 hr Becjy peters 5
gay people isnt exceptable!!!! (Aug '11) 11 hr funnyisbest 130
any jobs hiring in manchester? 13 hr Lisa 8
amy burkhart 14 hr may 22
New School Board, whats the plan? 22 hr Downtrodden by th... 30
Manchester Dating
Find my Match
More from around the web

Manchester People Search

Addresses and phone numbers for FREE

Personal Finance

Mortgages [ See current mortgage rates ]

NFL Latest News

Updated 8:54 am PST

NBC Sports 8:54AM
Andy Dalton replaces Aaron Rodgers on Pro Bowl roster
Yahoo! Sports 9:39 AM
Dalton to replace Rodgers for Pro Bowl
NFL10:12 AM
Andy Dalton added to Pro Bowl roster
NBC Sports12:57 PM
Bengals quarterback Andy Dalton headed to his 2nd Pro Bowl
NBC Sports 3:15 AM
Marvin Lewis on Andy Dalton: We don't have time to waste on QB competition