MMC Spared, Other Buildings Being Considered
While the Modoc Medical Center appears to be free of being saddled as collateral for any long-term bond funding by the county, there are numerous properties to take its place.
It was learned Feb. 12 that MMC, with an insured value of $5 million, would not be used as collateral after county officials met with financial consultants in San Francisco.
This leaves a number of other county-owned buildings that can be used to back up an estimated $12.5 million in loans if the county can find a lender, according to Richard Arrow, chief financial officer.
They include (insured values in parentheses):
Courthouse ($6.4 million)
Justice Center ($1.3 million)
County jail ($3.2 million)
Library ($1.1 million)
Convalescent. Facility ($3.4 million)
Belli Building ($2.9 million)
This comes to $18.3 million, and Arrow points out there “are a number of other buildings that will bring the total to over $30 million.”
There is a specific item on the board of supervisors’ agenda for Tuesday, Feb. 23, in which Chair Dan Macsay is expected to make a detailed report on the San Francisco meeting referenced in this article.
5 comments:
All these values posted mean nothing if there are no buyers for the bonds proposed! Remember Modoc has NO credit rating! So at best and I repeat AT BEST any bonds issued woud be at JUNK BOND rating!
Didn't the County just finish lengthy negotiations with the state that turned the court building over to the state. Wonder if the state knows their building is being considered for collateral??
If those values are accepted by a bonding outfit, then we know that the collateral portion of this proposal is as phony as the part that about having to have a permanent CAO and CFO to show the bond people we have a management team in place. Its just window dressing that doesn't mean anything because if it was important the bond folks would check it all out and find out its all fake.
Maybe the BOS would like to give the library back their Carnegie building which was
"condemned" many years ago so that a local could turn a profit on it by renting the "condemned" building for profit before putting the "temporary" county building up for collateral.
Has anyone read the constitution regarding seperation of government and church. It is the 1st admendment at it reads "Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances." How does saying a prayer of any kind before a meeting violate this law?
If it is a prayer that is reflecting only one of the hundreds of religions in America, then it violates it.
In other words, if the BOS were to officially invoke Buddha or Zeus before a meeting, in each case they would be seen as favoring those who adhere to that particular religion and not recognizing others (say, the Christians, by leaving out Jesus).
As was said before, invoking no specific God, Gods, or religion is Ok...using one and not the others is not.
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