By: Libi Uremovic, August 20, 2014 | Original Article at Patch.com
Agenda Item 7.a.11 Removed Noble Creek Area 25 From Calendar and Agenda Item 7.c Approves CFD 25 and $25 Million Bond Debt.
The August 19, 2014 Beaumont City Council Meeting will win the award for the most deceptive council meeting in history.
At the April 15, 2014 Council Meeting Agenda Item 7.a.11 submitted a Petition for Noble Creek Area 25. This land is owned by Jack Vander Woude. He is listed on the Petition as Chairman Manager of Nobel Creek. Nobel Creek Meadows has no website or office. The only reference I could find of their existence is a lawsuit with the San Gorgonio Pass Water Agency.
At the August 19th Council Meeting the City listed Agenda Item 7.a.11 Noble Creek, to be taken off the calendar.
The City then added Agenda Item 7c: Resolution of Intention to Form CFD 93-1 Improvement Area 25 (Noble Creek). Council authorized $25 Million Bond Debt quickly, quietly, and obviously rehearsed.
Let’s Review: Council voted to remove from the Calendar AND authorized $25 Million in Bond Debt on the same piece of property.
The Beaumont Cherry Valley Water District will no longer give water to developments using CFD funding, but it doesn’t matter because this isn’t about developing the property, it’s about acquiring Bond Debt.
Because the City has over $300 Million in Bond Debt alone the last bond the City of Beaumont acquired, 2013 Series B on Area 17A for $10,875,000 was a Junk Bond. Page 16 (EMMA 24/142) shows that out of $10.875 Million the City only received $130,500 which was used to pay the Cost of Issuance and Administration Fees. The remaining $10.75 Million of the bond was Discounted – which is the definition of a Junk Bond.
Pages 17 &18 of the 2013 Series B Bond state that it will cost the Taxpayers of Beaumont a total of $34 Million to repay the 2013 Series B Bond. The Citizens of Beaumont will pay $34 Million so that the corrupt City Officials can profit $130,000 in April, 2013.
Noble Creek Area 25 is only one of many ways the City is attempting to acquire Bond Debt, including another Sewer Bond. Because City Manager Alan Kapanicas personally profits from each Bond; under what means the Bonds are acquired is irrelevant. Kapanicas’ only focus is to acquire Bond Debt.
It is the duty of the City Council to oversee & control the City Manager and protect the Interests of the City, but in Beaumont the Council is controlled by the City Manager.
Councilmen Brian DeForge, Roger Berg, and David Castaldo are all running for re-election, but with Alan Kapanicas designated as ‘Election Official’ their incumbency is secured.
As Kapanicas has proudly proclaimed multiple times: “If the People don’t like it they can vote with their feet.”
The City of Beaumont is so corrupt that voting with their feet is the Citizens’ only option.