Amazing as it seems; by a 4/1 vote the City of Beaumont has Approved more Bond Debt and more houses to be built in Fairway Canyon, Area 19B, the Development Area that is 15 minutes from Fire and Safety Protection.
Beaumont’s Bond Counsel told beaumont City Council that approving bond debt for Area 19B would DECREASE their taxes to 2%.
The Mello Roos taxes are ‘supposed’ to be based on the amount needed to pay off the bonds. Only the City of Beaumont charges more Mello Roos taxes than needed to pay the Bond Interest and Premium Payments.
Gibbs: “No new Bonds have been Issued since I have been City Manager”
Lies. Gibbs was gifted the position of City Manager on June 2, 2015.
The City acquired more Bonds on June 3rd and June 18th. Both Gibbs and Knight were the Authorized Signatures on the 2015 Bond Requisitions.
Council Approved additional Mello Roos Bonds on the pretense that there will be a procedure in place to account for the money.
Sure, no problem. Gibbs worked side by side with Kapanicas for 20 years. She can write empty words and call it ‘procedure’. It’s the following of procedure that’s Beaumont can not complete.
There is no funding for a Finance Department and there is no funding for a City Clerk’s Office, both of which are necessary to properly maintain the bonds’ records and the construction records.
But Council doesn’t feel it’s important to have procedures in place and Staff to implement the procedures at the time of Approval. Council trusts their Staff because trusting their Staff has worked out so well in the past.