Cash is a weird thing.
$80,000 for a recall election is supposedly bad, but racking up another $12 million in bond debt is good.
The city council has granted themselves permission through the Murrieta Redevelopment Agency (of which they are members) to issue $12 million dollars in bonds to pay for infrastructure improvements.
Great! You say, we’ll finally get some things fixed around here. It would be nice!
One snag, The MRDA has control of Murrieta acreage to the tune of 1100 acres that could be declared urban blight areas (more info in other posts to this blog and the purple title link). The MRDA is empowered to condemn these properties and take them away from the current owners with the use of eminent domain. They are also allowed to give the land to other businesses along with rebates, free improvements, and outright cash grants. Increases in property taxes in these areas are used at the sole discretion of the MRDA and are supposedly used to pay back the bonds, almost $25 million worth of them.
Having a friend on the MRDA will be like owning a piece of the rock.
Another snag, if the MRDA loses access to these funds, the bonds will have to be paid back with city general funds that would otherwise go to the Murrieta police and fire departments.
Our kids are going to be stuck with horrendous property taxes because us parents let this happen. If Seyarto really cared about affordable housing in Murrieta, why would he help to put such an enormous tax burden on young home buyers?
- To “Actively market available sites in Town Square” – this is one of the stated 2004-05 goals of the Murrieta economic development department. My question is, who defines what “available” means? I think we already know the answer to that.
The city council has granted themselves permission through the Murrieta Redevelopment Agency (of which they are members) to issue $12 million dollars in bonds to pay for infrastructure improvements.
Great! You say, we’ll finally get some things fixed around here. It would be nice!
One snag, The MRDA has control of Murrieta acreage to the tune of 1100 acres that could be declared urban blight areas (more info in other posts to this blog and the purple title link). The MRDA is empowered to condemn these properties and take them away from the current owners with the use of eminent domain. They are also allowed to give the land to other businesses along with rebates, free improvements, and outright cash grants. Increases in property taxes in these areas are used at the sole discretion of the MRDA and are supposedly used to pay back the bonds, almost $25 million worth of them.
Having a friend on the MRDA will be like owning a piece of the rock.
Another snag, if the MRDA loses access to these funds, the bonds will have to be paid back with city general funds that would otherwise go to the Murrieta police and fire departments.
Our kids are going to be stuck with horrendous property taxes because us parents let this happen. If Seyarto really cared about affordable housing in Murrieta, why would he help to put such an enormous tax burden on young home buyers?
- To “Actively market available sites in Town Square” – this is one of the stated 2004-05 goals of the Murrieta economic development department. My question is, who defines what “available” means? I think we already know the answer to that.
posted by J. L. Kunkle at
Friday, February 25, 2005
2 Comments:
Mr. Seyarto,
Your personal attack of my intellect is just a smoke screen to distract me from the question at hand, a question that you did not at all address in your comment. The question is, how does the Murrieta RFD intend to exercise its powers?
You have suggested that I attend seminars and workshops in order to understand the complexities of civic administration. Supposedly to learn concepts that only you can grasp and that no one else could possibly understand. I refuse to be insulted by you,. You are simply going to have to try harder than that to explain yourself.
I have looked back though all your posts and have found that you have not cited any sources of information for the rhetoric used in your posts, it is all hearsay. The only thing left to recommend your continuance on the council is that the city has invested so much in the dubious value of seminars and workshops you’ve attended.
I believe people access this blog to get information about the political events taking place in Murrieta. I also believe that a dialog has taken place among people who have posted and continue to post to this blog. I have learned much from reading the posts to this blog and I hope others have also benefited from it. Let’s keep the dialog going.
By
J. L. Kunkle, at Tuesday, March 08, 2005 12:35:00 PM
Mr. Seyarto,
Concerning the jefferson st eminent domain….
Is not these properties included in the Murrieta Redevelopment projects area ?
Assuming you have read the Murrieta RDA plan…which states
(Sec. 402) Property Acquisition
1. (Sec. 403) Acquisition of Real Property
Within the Project Area the Plan shall not authorize the Agency to acquire, by
eminent domain, property on which any persons reside…
The Agency shall have the authority to exercise its power of eminent domain as may
be necessary, appropriate, and as permitted in Section 33342, et seq., of the CCRL
in all instances except the taking of properties on which any persons reside within
the Project Area as described above.
Perhaps you will explain why the council/ redevelopment agency did not comply with the above section.
By
Anonymous, at Sunday, May 01, 2005 8:55:00 AM
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