Mello Roos 2007 Series A, B, C, and E

By: Libi Uremovic | Original Article at patch.com

The City of Beaumont Received $4,456,239 to pay for items such as TUMF, Fire Station, Regional Park, and a Community Recreation Center.

Beaumont Mello Roos 2007 Series A, B, C, and E

In 2007 the City of Beaumont acquired four (4) bonds totaling $61,800,000. The City combined the Bond Requisitions, but they must be accounted for separately. Most of the Bond Requisitions are for Area 2007A and 2007E.

In total; the City received $4,456,239 to pay for items such as TUMF, Fire Station, Regional Park, and a Community Recreation Center.

Urban Logic Consultants received $4,622,932 for Formation & Financing Costs, Oak Valley Parkway, Palm & Penn Ave, and Facilities Engineering

2007A $21,175,000 Areas 3, 11, 14AB
Requisition Numbers 1 thru 30
Dated From 2007 to 2011
Total: $4,539,162.68
City of Beaumont: $298,222.16 Community Recreation Center
CFD 2000A: $93,750.00 Mkt 2000A Absorption Study/Empire Economics
Mike Moreno: $5,500 Transportation Projects
Union Bank: $237,060.00 2004 ABC Palm ave Rehab
Urban Logic Consultants: $3,904,630.52 OVP, Palm & Penn Ave, Facilities Engineering

2007B $11,615,000 Area 8
Requisition Number 1 Cost of Issuance only
Dated 04/20/2007
Total: $29,200.00
CFD 2000A $29,200.00 Market Absorption Study/Empire Economics

2007C $22,490,000 Area 9, 10A
Requisition Number 2 Cost of issuance only
Dated From 2007
Total $47,500.00
Urban Logic Consultants: $47,500.00 Formation & Financing Costs

2007E $6,520,000 Area 8C
Requisition Numbers 1 thru 9
Dated From 2008 to 2011
Total: $5,291,348.60
Automated Gate Services: $954.50
Beaumont Utility Authority: $345,516.00 Sewer Treatment Capacity Fees

CITY OF BEAUMONT: $4,158,017.28
01/07/2008 $3,601,938.04 STWMA, TUMF, Fire Station, Regional Park, Citywide Fees
02/13/2008 $181,541.80 Prepaid Citywide Fees 110 D.U. @ $1,650.38 each
06/02/2009 $374,527.24 Community Rec Center

Empire Economics: $19,225 Mkt Absorb & Housing Sales/Price Study
FPR: $17,327.77 O.S. Printing Charges ( Remainder paid from Admin Fund)
Goodwin Procter LLP: $35,000 Legal Services
Riverside Flood Control: $10,000 Conceptual Plan
Rod Gunn: $12,500 Financial Consulting Study
Union Bank: $14,677.95 Admin Billing
Urban Logic Consultants: $670,802.33 Joint & Critical Facility Engineering

Relevant Issues

A Clear Conflict of Interest
The City of Beaumont's contract with Urban Logic presents a significant conflict of interest and therefore must be terminated.
Favoritism and Cronyism
The City of Beaumont, under Urban Logic and City Manager Alan Kapanicas, has consistently demonstrated favoritism and cronyism in the awarding of pubic contracts.
Cost to Taxpayers
Urban Logic's contract with The City of Beaumont which allows it to profit from each approved development, along with their on-going practice of awarding high-dollar public contracts to a small group of friends and associates instead of to the lowest bidder, have cost Beaumont taxpayers millions.
Impact on Existing Businesses
The policies of Urban Logic and City Manager Alan Kapanicas ignore the needs of existing businesses in favor of new development and big box stores.
Quality of Life
Urban Logic and City Manager Alan Kapanicas have damaged our quality of life by failing to uphold high development standards, depleting local resources, making local government less accessible to residents, and by destroying the small town feel of the City of Beaumont.
Tactics
Urban Logic protects its ability to extract money from the City of Beaumont at all costs, resorting to intimidation and threats when necessary.