City Council Meeting Tonight 7:30 March 5, 2007

The City Council will be meeting tonight regarding some very important issues to all taxpayers. The Tribune got some of the story right regarding our finances; Mr. Campbell doesn't understand TIF areas, but he's got plenty of time to come up to snuff.

The "take" or "spin" that we somehow came out $4 million to the good was simply in the "TIF" areas. Those monies do not go into the General Fund (which pays for our public services) and stay in those locations for infrastructure purposes.

The Bond-Reserve Fund returned as our share after the County paid the Jail off has been put into a CD ($3.3 million); all I can say is at least it's drawing interest.

The new police cars up on the agenda, again, tonight -- not looking well for the Police. We, as taxpayers and some Council members, DO NOT UNDERSTAND why these items were not put into the Budget for this year (though we haven't got that one back approved, yet). How could you not know you needed those cars? Anyway, without the budget, I do not look for Council to approve these purchases. All votes are going to be scrutinized like no others, simply because it is election time. What extremes, with detrimental effects to taxpayers, will certain Council members go to in order to get VOTES?

If we privatized Sanitation, how then did the Sanitation Department overspend by $49,927.49, bring their total in the red to $5,467,740.27? Why are my garbage trucks 25 miles out Dixie Highway?

Seeing TIF's are now more easily understood by a lot of taxpayers -- here is the breakdown of the TIF areas:

TIF AREA LOCATIONS

GRANTLINE RD TIF -- FUND BALANCE $1,061,961.87 BALANCE DUE ON BONDS $1,485,587.50 BONDS WILL BE RETIRED IN THE YEAR 2014.

PARK EAST TIF - FUND BALANCE $1,174,704.17; BALANCE DUE ON BONDS $ 992,375.00; BONDS WILL BE RETIRED IN THE YEAR 2014.

STATE STREET TIF - FUND BALANCE $1,558,213.82; BALANCE DUE ON BONDS $0; BONDS WILL BE RETIRED N/A.

STATE ST PKG GARAGE - FUND BALANCE $ 0; BALANCE DUE ON BONDS $921,500.00; BONDS WILL BE RETIRED IN 2008.

CHARLESTOWN ROAD TIF - FUND BALANCE $750,543.47; BALANCE DUE ON BONDS $2,489,225.00; BONDS WILL BE RETIRED IN 2015.

TOTAL TIF FUNDS: $4,545,423.33.

FYI, ONLY.

2006 NEW ALBANY FLOOD CONTROL DISTRICT BOARD OF COMMISSIONERS

POSITION NAME ANNUAL SALARY

President Anthony B. Toran $ 1,600.00

V-P Tom Cannon $ 1,600.00

Member Shane Gibson $ 1,600.00

Member Chas Hunter $ 1,600.00

Member Chief Ron Toran $ 1,600.00

Member Steve LaDuke $ 1,600.00

Ex Secretary Sally L. Mastrolia $10,000.00

Supervisor Ron Grangier $32,639.87

EMPLOYEE NAME HOURLY RATE PER CONTRACT

Charles J. Baird $13.62 per hour/retiring 06/02/06

Gary W. Sams $13.62 per hour

Clinton D. Sorrels $13.62 per hour

Charles Weigleb $13.62 per hour/retiring 02/28/06

Clifton Swift $13.62 per hour

TEMPORARY SUMMER WORKERS

Allen Stewart $10.00 per hour

Joseph Power $10.00 per hour

No Contractual Employees.

Flood Control Meetings are the second Tuesday of every month, at 9:00 AM in the Assembly Room on the Third Floor of the City-County Building.

If that day conflicts with a holiday, the newspaper and changes will be posted on the bulletin board on the 3rd floor of the City-County Building.