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Riverside County Grand Jury Exposes Fraud and Deceit In CFD Bonds
The 2018/2019 Riverside County Grand Jury has released a Report titled: “Community Facilities District Bond Funding in Riverside County Perpetual Debt Under CFD and Service Area Taxes.” CFD Bond Fraud is rampant throughout Riverside County, but nowhere are the Mello Roos State Laws more violated than in the City of Beaumont.
Former Beaumont Officials Guilty in Corruption Case – Admit Engaging in Fraud
Four former Beaumont officials accused of corruption pleaded guilty Tuesday, Dec. 19, to charges including embezzlement, misappropriation of public funds and conflict of interest, and agreed to pay a total of $8.1 million in restitution.
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Controlling Bonds is the Duty of the Treasurer, not the City Manager
By: Libi Uremovic| Original Article at Patch.com Below are a list of California State laws regarding the keeping of Agency Bonds. There is supposed to be a book recording the bond transactions and it … more
Beaumont’s Mello Roos Violations
City Violates Three Basic Areas of Mello Roos Laws to Illegally Acquire Bond Debt By: Libi Uremovic| Original Article at Patch.com The City of Beaumont is attempting to acquire $175 Million in Bond De … more
Beaumont Council Meeting December 16, 2014: A Learning Experience
By: Libi Uremovic| Original Article at Patch.com Let’s review what we learned from last night’s Council Meeting. BOND DEBT We learned that Bond Debt takes precedence over everything else. We learned t … more
December Beaumont Council Meeting – What’s On the Agenda, and What’s Not On the Agenda
By: Libi Uremovic| Original Article at Patch.com Attend the Beaumont Council Meeting Tonight at 6:00 pm or watch live: http://www.ci.beaumont.ca.us/index.aspx?NID=212 WHAT’S ON THE AGENDA: Seven (7) A … more
Let the Developers Beware – Beaumont City Manager Alan Kapanicas Profits from Bonds Sales, Not Promise Keeping
By: Libi Uremovic| Original Article at Patch.com Beaumont Council Agenda Item 4.a Increases Developer Mitigation Fees. One might ask why Developers would continue to pay mitigation fees to a city that … more
Beaumont Defrauds Public with ‘Just the Facts’ about Illegal Four Seasons Ballot
City Incorrectly quotes California Government Code in an Attempt to Justify Four Seasons’ Illegal Ballot By: Libi Uremovic| Original Article at Patch.com Like RDA, Mello Roos has to be removed from ou … more
City Internal Controls Review Bid For Proposals Focuses on Procedure instead of Staff
By: Libi Uremovic| Original Article at Patch.com REVIEW OF INTERNAL CONTROLS A Public Records Request produced the Request For Proposal (RFP) that was allegedly sent out to Auditing Firms: INTRODUCTIO … more
$2,682,463 Contract to AECOM was a $172,870 Contract Awarded to Utility Partners On August 19, 2014
By: Libi Uremovic| Original Article at Patch.com Agenda Item 3.g: AECOM to design, construct, and deliver 719kw solar photovoltaic facility at the Wastewater Treatment Plant: http://www.ci.beaumont.ca … more
Why Beaumont Didn’t Simply Refund the 2005 Four Seasons Area 7 Bond
The City Can’t Qualify for an Interest Rate Low Enough to Refund the Bond By: Libi Uremovic| Original Article at Patch.com Four Seasons Area 7A is part of the original 12 developments listed on the fi … more
$175 Million In Bond Debt to Build 7,000 Houses
The City of Beaumont is attempting to acquire a total of $175 Million in Bond Debt for Seven parcels of land that have no Will-Serve Letters By: Libi Uremovic| Original Article at Patch.com The City o … more