Waste of bond money.

[Ned Newmayer]

Just because the Village was able to sneak a large bond issue past the voters using Home Rule, doesn't mean that the money has to be spent on for ridiculous reasons.
The dumbest expense so far is on the Gary, IN water project.
This is not the economy to start programs that are not necessary immediately.
When the State of Illinois decides to start adding teacher pensions to our real estate tax bills, the people of Midlothian will have to start dumping their houses due to the ridiculously high taxes.

[datruthhurts]

Yeah, who the hell would drink water from Gary, IN...I'd rather drink & bath in Crestwood water anytime.

[Denial]

By the way, there is no written agreement for SSJAWA to purchase water from Gary, Hammond, or Whiting, IN. period.
The seven mayors each know this yet, have signed agreements (that includes a secrecy clause) to sell bonds in today's down turned economy, voted to pay Postl-Yore $450,000.00 plus 25% more discounted by 75% when construction is completed.
The initial $5.6 million for the feasibility that has been completed and billed for; with the $200 million over 40 years will quickly become more than a $$Billion$$!
The project has the unique ability to bankrupt all seven municipalities simultaneously.
It is today's bond market that has negatively impacted so many communities, counties, and states.

[Midlo resident]

The Whiting IN part was correct. But seemed that the JAWA would build it's own treatment plant. Sems there was a piece of property there fitting the need.

It is a big project. I heard the amount of water the involved parties use was a huge number. There seemed to be measures that would be in place so the bonds get the priority,

I guess some would say do nothing. Like first building the RR to the west coast. But nice to see a group of towns looking forward knowing Mayor Rahn wants to fix Chicago's problems by sticking it up our butt's. So I hope you enjoy riding around in your horse and buggy.

[Denial]

Midlo resident wrote:

The Whiting IN part was correct. But seemed that the JAWA would build it's own treatment plant. Sems there was a piece of property there fitting the need.
It is a big project. I heard the amount of water the involved parties use was a huge number. There seemed to be measures that would be in place so the bonds get the priority,
I guess some would say do nothing. Like first building the RR to the west coast. But nice to see a group of towns looking forward knowing Mayor Rahn wants to fix Chicago's problems by sticking it up our butt's. So I hope you enjoy riding around in your horse and buggy.

There is "No" agreement for a water source, period. The mayors do not have water, but are selling bonds.
Like the story of "The Emperor's New Clothes".

[Denial]

Ned Newmayer wrote:

Just because the Village was able to sneak a large bond issue past the voters using Home Rule, doesn't mean that the money has to be spent on for ridiculous reasons.
The dumbest expense so far is on the Gary, IN water project.
This is not the economy to start programs that are not necessary immediately.
When the State of Illinois decides to start adding teacher pensions to our real estate tax bills, the people of Midlothian will have to start dumping their houses due to the ridiculously high taxes.

Markham Mayor David Webb who is also the chair on the JAWA Board received a $1,500.00 "campaign donation" from the engineering firm of Postl-Yore right after Postl-Yore was given the JAWA water contract, that has no water source/agreement.

[Denial]

Midlo resident wrote:

The Whiting IN part was correct. But seemed that the JAWA would build it's own treatment plant. Sems there was a piece of property there fitting the need.
It is a big project. I heard the amount of water the involved parties use was a huge number. There seemed to be measures that would be in place so the bonds get the priority,
I guess some would say do nothing. Like first building the RR to the west coast. But nice to see a group of towns looking forward knowing Mayor Rahn wants to fix Chicago's problems by sticking it up our butt's. So I hope you enjoy riding around in your horse and buggy.

Whiting, IN. Purchases water for Whiting from Hammond, IN.

[Denial]

Midlo resident wrote:

The Whiting IN part was correct. But seemed that the JAWA would build it's own treatment plant. Sems there was a piece of property there fitting the need.
It is a big project. I heard the amount of water the involved parties use was a huge number. There seemed to be measures that would be in place so the bonds get the priority,
I guess some would say do nothing. Like first building the RR to the west coast. But nice to see a group of towns looking forward knowing Mayor Rahn wants to fix Chicago's problems by sticking it up our butt's. So I hope you enjoy riding around in your horse and buggy.

Your RR provided a great example:

In contrast to the relatively straightforward arrangements for the Central Pacific, the Union Pacific which was to ultimately build nearly 2/3 of the track was to be mired in controversy and scandals while its controlling partner Thomas C. Durant got rich as he took advantage of lax or non-existent government oversight during the Civil War.

The enabling legislation for the Union Pacific required that no partner was to own more than 10 percent of the stock. However, the Union Pacific had problems selling its stock. Durant enticed investors with a scheme where he would put up the money for the stock if they would just put their names on it. Then Durant wound up taking the stock from the investors and was to end up controlling about half the stock of the railroad.

The initial construction of railroad went over land that Durant owned around Omaha. Being paid by the mile, the railroad built oxbows of extraneous track never venturing further than 40 miles (64 km) from Omaha in the railroad's first 2½ years.

Durant manipulated market prices on his stocks by spreading rumours about which railroads were to be connected to the Union Pacific. First he ran up the stock of his M&M Railroad while secretly buying stock in the depressed Cedar Rapids and Missouri Railroad (CR&M), then running up CR&M stock with new plans to connect the Union Pacific to it at which point he began buying back the M&M stock at depressed prices. The gambit is estimated to have raised $5 million for his cohorts and him.[15]

Durant was to keep a low public profile in his machinations as he was only a vice president. He was to install a series of respected men such as John Adams Dix as president of the railroad.

On July 4, 1865, the Union Pacific had not gone further than 40 miles (64 km) from Omaha—even as the Central Pacific had been working away for 2½ years. With the end of the Civil War and increased government supervision in the offing, Durant hired his former M&M engineer Grenville M. Dodge to build the railroad and the Union Pacific began a mad dash.

[Denial]

http://www.youtube.com/watch...

[Denial]

The jawa water issue belongs on the referendum ballot, if you miss the November 2012, deadline insist it is placed on the April 2013, ballot!
Until the mayors, trustees, and aldermen figure out they have made a billion dollar blunder, for the next 40 years, you, your children, and grandchildren will pay for the jawa water project long after they are out of office; not including cost over runs or upgrades.

[Tax Payer]

Good idea!

[Huh]

I meant ?

[Denial]

Taxpayers understand the math involved. If you bought a house you know your agreed price and the pay off amount are substantially different, not including taxes, repairs, and upgrades over 30 years.
Jawa costs will be much more with the $205.6 million start up costs multiplied times four over 40 years.

[Denial]

The Billion Dollar Blunder: the 40 year $205.6 million dollar bond jawa water project will cost at least $1 billion at the end of the 40 year term.

[Denial]

Midlo resident wrote:

The Whiting IN part was correct. But seemed that the JAWA would build it's own treatment plant. Sems there was a piece of property there fitting the need.
It is a big project. I heard the amount of water the involved parties use was a huge number. There seemed to be measures that would be in place so the bonds get the priority,
I guess some would say do nothing. Like first building the RR to the west coast. But nice to see a group of towns looking forward knowing Mayor Rahn wants to fix Chicago's problems by sticking it up our butt's. So I hope you enjoy riding around in your horse and buggy.

Whiting sells BP gas not water.

[eagleman]

Denial wrote:

Taxpayers understand the math involved. If you bought a house you know your agreed price and the pay off amount are substantially different, not including taxes, repairs, and upgrades over 30 years.
Jawa costs will be much more with the $205.6 million start up costs multiplied times four over 40 years.

You seem to be somewhat educated about this project, so let me first give you some info and then I will ask a few questions. The 5+ million study is to see if it can be done. Since Midlothian would get 7% of the proposed water, we are only on the hook for 7% of that cost. The other towns involved sell water to other towns so there is a revenue source. If the study concludes that it would be a doable project, getting us water for less over time than what we get from Chicago( don't forget they keep raising the price- about 120% over the last 8 billing cycles), then it would be to our advantage to secure our own water source. Now, Chicago keeps raising the price of water to pay for their own water system upgrades and repairs because their residents are not about to be taxed anymore. That leaves Chicago the only option of raising the rates to the towns they sell too so that they can fix( in some cases)100+ year old water mains. I have a friend that works for the city repairing water main breaks. He told me that I would be surprised to know just how many miles of old wooden mains were still in use. So knowing all of this, what would your suggestion be on how to keep a safe water supply for our village?

[Denial]

eagleman wrote:

<quoted text>You seem to be somewhat educated about this project, so let me first give you some info and then I will ask a few questions. The 5+ million study is to see if it can be done. Since Midlothian would get 7% of the proposed water, we are only on the hook for 7% of that cost. The other towns involved sell water to other towns so there is a revenue source. If the study concludes that it would be a doable project, getting us water for less over time than what we get from Chicago( don't forget they keep raising the price- about 120% over the last 8 billing cycles), then it would be to our advantage to secure our own water source. Now, Chicago keeps raising the price of water to pay for their own water system upgrades and repairs because their residents are not about to be taxed anymore. That leaves Chicago the only option of raising the rates to the towns they sell too so that they can fix( in some cases)100+ year old water mains. I have a friend that works for the city repairing water main breaks. He told me that I would be surprised to know just how many miles of old wooden mains were still in use. So knowing all of this, what would your suggestion be on how to keep a safe water supply for our village?

1. The current jawa project does NOT have a water source, agreement.
2. Whiting sells BP gas and has 4 BP gas lines.
3. Whiting purchases water from Hammond.
4. Now is NOT the time to be SELLING Bonds, the current agreement HAS a secrecy clause that should have been removed. Currently, municipalities, counties, states, European markets, and countries have fied bankruptcy, or on the brink.
5. JP Morgan Chase is and has been in trouble due to bond churning and issues, some individuals have gone to Jail, but the Borrower Still Has To PAY the $Money$ back to the bond company.
6, The study has been done, and the committee voted to pay for the study and move forward with selling the additional $200 million in bonds bringing the total to $205.6 (this amount does not include hook-ups for any of the 7 communities) and pay it off over 40 years.
7.$205.6 X 40 , hook-ups, fees, interest, cost over runs, and you are at a $BILLION$$DOLLARS! with no water rights.
8. The current plan has the potential to be a 40 cent per one thousand gallons of water savings.
9. Investment vs savings (NONE There.)
10, In the end, each municipality must pay their portion back. This puts all 7 municipalities on the brink of bankruptcy simultaneously.
11. Bankrupt SSJAWA treasurer.
12. No water, no water agreement, with Whiting, Hammond, or the Great Lakes Water Commission. You can not sell what you do not have. SSJAWA has no water!

Go to the JAWA meetings listen, ask questions, and see for yourself......it is a road to no where for municipalities, taxpayers, and the public.
No Water but a Great Big Bill that has filled pockets.

[Denial]

Jawa meetings are the last/4th Thursday of each month 4:30 pm Markham City Hall. This month has 5 Thursdays.

[Denial]

The next meeting is 8/30/12 at 4:30 pm Markham City Hall.

[eagleman]

Denial wrote:

The next meeting is 8/30/12 at 4:30 pm Markham City Hall.

Thanks for the meeting time. I do want to know how you mutiply 200 million times 40. An intrest loan is usally a division problem plus adding intrest ( as in the case of a home loan, typlicaly the loan is front end loaded for the interest.)