Country Side HOA

Questions for John

Hi John,

Well you are back! Perhaps you did not read my earlier messages, please tell me who you are?

Also, since Broomfield is becoming a City/County Government, wouldn't the expansion of city facilities also be considered as the expansion of county facilities?

And if you are segregating money from this gross amount does that mean there would be an increase in the City mill levy as opposed to the County mill levy?

I have a question also about the funding mechanism the city will be using, that is the certificates of participation. The term on these cop's is 30 years, in the event that the economy goes sour, and lets say for example the city was unable to met the interest obligations to the certificate holders, and lets say the attached asset has less then fair market value (which is very likely in a sluggish economy) then the original principal amount, is the City protected against bankruptcy? And if the city is protected against bankruptcy, will this disclosure be printed on the back of certificates in the form of a Trust Indenture, upon the sale of said certificates to the holders?

Also, since the city will be paying an astronomical rate of interest on these COP's, due to the inherent risk, does the city intend on rolling these certificates over into city/county general obligation debt bonds? And if they do decide to roll them over, will the people be permitted to vote on it?

Thank you!

I look forward to your reply.

By Pam Wanek

The Countryside Companion

I got this really neat little paper in my driveway today. Its a new countryside paper, and WW is featured in it!! Anyway..the front page title is "Will the Jail fail"? I thought the article was very good, only problem is, BF is trying to look like the "good" person. Rosann Doran said they want to be the good neighbor and that more or less BF has always been up front with everyone, of course, we all know that is so wrong. Doran said that the charge that bothers her is that projected costs for the county transition have almost double prompting the new county to seek state assistance in repayment of these debts. They estimated $20 M, and they they boosted the cost another $5 M, and they are making more city improvments. The only people who will pay for this is BF residents. Now, if I didn't know about this and lived in BF, I think I would be furious at the CC for making such decisions without any of my input.

By cheryl

To Pam Wanek

I will be happy to tell you who I am as soon as everyone else on this board agrees to do the same thing, especially Broomfield Anon. and the group with a bunch of Cs and an A.

Broomfield is a financially strong city. The COPS will have a triple A rating and will be insured. If, for some reason, the economy were to get really bad, the insurance company pays the COPS. The expansion of city facilities is not related to new county facilities. The City would be looking at expanding its facilities regardless of whether there is a combined city/county.

By John

To Broomfield Anon

I have no intention of "dignifying" your "questions" with answers. I believe you are paranoid. It permeates through everything you say. Prove to me you are not paranoid. Say who you are. Don't give me some paranoid reason why you can't.

By John