JAMES MADISON QUOTE - 1822

"A popular government without popular information, or the means of acquiring it, is but a Prologue to a Farce or a Tragedy; or, perhaps both. Knowledge will forever govern ignorance; and a people who mean to be their own governors must arm themselves with the power knowledge gives."

SCOTTSBORO WEATHER - SUN & MOON RISE

Showing posts with label Municipal Bonds. Show all posts
Showing posts with label Municipal Bonds. Show all posts

Tuesday, January 7, 2020

Scottsboro, Alabama - January 6, 2020 - Scottsboro City Council Work Session - UPDATE: January 9, 2020 Special Call Meeting of the Scottsboro City Council

Scottsboro City Hall, photo by G. Morgan

UPDATE: Special Call Meeting of the Scottsboro City Council on Thursday, January 9, 2020 at 5 PM at the Scottsboro City Hall. Approval of  Ordinance 611 regarding General Obligation Warrants. Presentation by Brad Green of Raymond James Financial.

SPECIAL CALL MEETING AGENDA
(Click on image for an expanded view.)

VIDEO SPECIAL CALL MEETING



AGENDA

VIDEO

Thursday, May 2, 2019

May 2, 2019 Scottsboro City Council - Special Call Meeting City Bond Issue Approval

Scottsboro City Hall  photo by G,Morgan

AGENDA
Click on image for an expanded view.

Brad Green of Raymond James Financial Services  made presentation to the city council about the City Bond Issue financing arrangements, percentages and time.

BOND ISSUE CHART




VIDEO

Tuesday, January 5, 2016

Scottsboro City Council Work Session - Citizen Presentation "Council Agenda Issue - A Dead Issue Is Not Dead if it Involves Millions of Dollars in Bonds & Debt," Jan. 4, 2016

Scottsboro City Hall, 316 South Broad Street, Scottsboro, Alabama (photo by G. Morgan)

AGENDA
Click on image for an expanded view.

Citizen Presentation with letter to the Scottsboro City Council President, Patrick Stewart -  "Council Agenda Issue - A Dead Issue Is Not Dead if it Involves Millions of Dollars in Bonds & Debt."
The City Attorney, Steve Kennamer, did not agree with my position on the issue.

LETTER
Click on image for an expanded view.

NOTE Roberts Rules Article X, Chapter 58-Chair or President (regarding committees): "The by-laws sometimes state that the president shall appoint all committees. In such case the assembly may authorize committees, but cannot appoint or nominate them. The president, however, cannot appoint any committees except those authorized by the by-laws or by a vote of the assembly. Sometimes the by-laws make the president ex-officio a member of every committee. Where this is done he has the rights of other members of the committees but not the obligation to attend every committee meeting."

The question is this - What is the Scottsboro City Council Rules of Order regarding the appointment of Committees? May the committee be appointed out of a dead issue? May the Chair appoint a committee at any time regardless of the council's agenda, and must a committee be approved by a vote of the Council?

It was stated that the City Council Rules of Order will be posted to the city's web site. As of this writing the rules are not posted.

Regardless, it is my position that a point of order should have been called by a council member when the issue continued with no motion placed forward. The council President should have sufficient knowledge of rules of order to conduct meetings without constant referral to the city attorney. This situation was a deviation from the meeting format and not in accord with normal meeting decorum. 


Saturday, April 25, 2009

Discussion Group Issues--Municipal Bonds and Aquatic Weeds

Bond derivatives and swapping has been an expensive endeavor for some small southern towns. (Fair use photo usage for non profit news reporting.) 
 
There are some questions which must be answered concerning Scottsboro's financial transactions related to refinancing of bonds and bond deals. Has Scottsboro participated in bond swaps or derivatives of the sort discussed in the New York Times article?
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An inquiry has been forwarded to the Mayor and City Attorney concerning this question.
 
 
Fair use rights for non-profit news and discussion. Photo by Alabama Department of conservation.
 
 
Aquatic Nuisance Species such as Hydrilla is an issue for local, state and federal government.

 
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Aquatic Weed Issues. A request for assistance has been sent to Governor Riley concerning Aquatic Nuisance Weeds in the Tennessee River, specifically the Roseberry/Dry Creek area and the proposed plans of a local citizen's group, the Roseberry Rescue Group.
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A reply has been received. The Alabama Department of Conservation will be looking into this issue as instructed by Governor Riley.
IV
It appears political manipulation by high level members of the Democrat Party are creating problems concerning this issue. This situation is typical of Alabama political action or a failure of action due to political faction bickering.
V
The Alabama Aquatic Nuisance Species Task Force was created in 2005 by Governor Riley, a Republican. The Appropriations for projects such as Aquatic Nuisance Species Task Force are controlled by Democrats. Political faction bickering is preventing a resolution to these problems at the state level.
VI
The TVA is a corporate entity of the United States. It is funded solely by the sale of electrical power to the various local electrical power providers within the TVA service area.
VII
The environmental stewardship of Guntersville Lake is in part the responsibility of the U.S Government thru the TVA and in part the State of Alabama thru the Alabama Department of Conservation. These agencies along with the Alabama Department of Environmental Management as authorized by the U.S. Environmental Protection Agency have regulatory responsibility on the Alabama portion of the Tennessee River, its reservoirs and tributaries.
VIII
The use of herbicides in this large body of water will require a permit under the Safe Drinking Water Act.
IX
The City of Scottsboro has not acquired the professional opinions of federal or state biologists in this project.
X
The City of Scottsboro has approved appropriations with stipulations of other funding and review of the private applicator's guarantee of the aquatic weed project.
XI
Scottsboro local news media has presented very one sided stories about this project in support of the Roseberry Rescue Group. They have not presented the negative side of the Roseberry Rescue Groups proposals. Scottsboro's local news media has been presented with information concerning the negative issues of proposed application of Floridone to the Roseberry and Dry Creek areas of Guntersville Reservoir. However, they have not covered the legal, political and environmental issues concerning private citizens applying herbicide poisons to Guntersville Reservoir in violation of applicable laws.
XII
There is a front page article in today's Scottsboro Daily Sentinel concerning the aquatic weed issue.