Wednesday, August 10, 2016

Is Expedited Road Plan a Potential Windfall?

Why would our City borrow $15 million dollars to pave 10 years worth of roads in the next 3 years?

Sources tell me that Ashton Hayward is NOT leaning toward a third term.  Once out of office his ability to drive work to contractors will end at that point.  One such contractor is Roads Inc. who has done a large portion of the City's work during our Mayor's tenure.  The question being asked by many...has this helped fund projects & other developments and potentially advanced the costs of passive partners???

Roads Inc. 2016 State Filing

After all Redfish Harbor, in which the owner of Roads Inc. and Hayward are partners, does owe its lender about $5 million.

Redfish Harbor Debt

In all likelihood, no ONE contractor would win all $15 million in road work for the City in the next 3 years but:
    • Certain contractors could easily do a third or half of the work.
    • Other contractors could not take on as much County or State work with a load like 10 years of City paving.
This would leave a well financed road contractor free to absorb as much work as they can do.

This boom could create the capital to finance other developments to the benefit of ALL its partners.

Those developments may be completed right around the time the Mayor's term ends.

After all, a Two-Term former Mayor needs either a J.O.B. or a check once he's out of office. 

Is there any other explanation for this mess???

11 comments:

Anonymous said...

The other part of the story is the bonding company and the bank behind the loan.
Follow the money.

CJ Lewis said...

The City Council members who voted YES to approve borrowing $15 million to cram 10 years worth of roads projects into three years, and Charles Bare is the only one who voted NO, need to explain what they were thinking if they were thinking at all. In truth, I think they were tricked into borrowing the money, some eagerly. During the July 11 Agenda Conference, CFO Dick Barker gave them his legal opinion that the City needed to borrow the money to force the hand of the County ensuring they had to give the City 18.22%. Both Bond Counsel Richard Lott and City Attorney Lysia Bowling agreed. Hayward did not attend the meeting. Then, on July 14, during the regular City Council meeting, Bare verbally arm-wrestled Lott into conceding that the law was not clear on the point - a legal opinion - that Barker had uttered only a few days earlier. At that point, the City Council should have set the bond resolution aside and not taken any action until the Local Option Gas Tax (LOGT) inter-local agreement was a done deal with the County. Instead, each presumably for their own nonsensical motivations, Council members opted to proceed in approving the bond resolution with only Bare in dissent. While it was assumed that approval of the inter-local agreement would precede borrowing the money, the City Council has been burned enough times that it should have known better. In addition to having borrowed $15 million it may have to pay back using "other" than LOGT revenues, no one on the City Council actually knows what road work needs to be done and in what priority. The 22-page list of streets and segments of streets given to the City Council on July 11 to lull them into a political daze and seduce them to do whatever Barker told them to do was a mere laundry list of streets that had not been repaved since 2005. Barker even told them that there were streets listed that did not need to be repaved in the next three years and that there were other streets "not" on the list that did need to be repaved. There was no discussion about any work more cosmetic than street repaving and no one from the Public Works Department was present even if any questions had arisen.

Anonymous said...

Of course it is!!! We need an ordinance or charter amendment that one administration cannot financially bind a future administration without Council's consent. This money will go straight to Roads Inc. or a partnership that included them. GUARANTEED

Anonymous said...

Someone call the fbi already...

Anonymous said...

Someone sure is desperate to spend this money...I'm guessing hhe payoff wasnt what he thought it would be to pay off that baloon mortage so they need more...remember roads inc has partners...

Anonymous said...

Good management of resources would not include ten years worth of road work in ten years. It is much more logical and efficient to spread the work out over time. Why? It's very simple Management 101 - When that much work is done all at once, guess what happens in the future? A lot of the future road work will have a need to be completed on a similar schedule because it will all likely need to be resurfaced around the same time. Ten years of resurfacing will be due at the he same time. This is not an "ambitious" plan, it's a very stupid plan that the mayor and council is strapping on the taxpayers to deal with long after they are out of office.

Anonymous said...

This plan has nothing to do with taking care of the citizens. It has everything to do with politics. It's very disturbing how the Mayor and City Council are so willing to engage in questionable activity that will ultimately cost the taxpayers. I'm planning to move out of Prnsacola and possibly out of Escambia county to get away from the rampant corruption in this town.

Anonymous said...

I think the pcc members that voted yes shoukd be held personally liable if these funds are mis-managed, spent on top notch work but really get 3rd world counrty kind of stuff, or just disappear. I see roads inc is struggling on bayou blvd project as they never more than 4 people out there working.

Anonymous said...

Correction - I meant to say ten years worth of road work in three years is unwise. If the resurfacing is completed in that manner, most of the resurfacing will need to be done at the same time. It would be much more prudent to prioritize the work by starting with the worse areas. Borrowing $15 million without first ensuring how it's going to be paid back is gross mismanagement and just another clear indication of Hayward's incompetence. This is exactly why you don't give someone who has FAILED miserably in business the opportunity to make decisions with taxpayer's money. What's it going to take for an arrest or at least a recall petition?

Anonymous said...

Peace out... Look through the depths of any city or county government and there will be a lot more disappointment in your future. Truth.

Anonymous said...

Anonymous 8:23 you might be right but I doubt seriously that you can find this level of unrelenting mismanagement and open corruption that will go unchecked. Peace out and enjoy the ride!