I guess everything is not so peachy in SF, especially when the Feds are giving us handouts

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As South DaCola reported last week, the Sioux Falls city council is considering a resolution that would designate our city in general distress so we can get a $2 million dollar discount. While I think it is real swell the Feds want to give us some of OUR money back I still think it is a load of crap that we are paying for the levy bonds to begin with. The FEDS created the floodplain and the FEDS own the floodplain, so who should be pay for fixing the problem? THE FEDS! I really think we put ourselves in a bad position by giving into the feds and agreeing to pay for their project. Our local tax dollars should be used on community infrastructure not on federal infrastructure. We pay federal income taxes for that stuff. Now we are agreeing to be considered a ‘recovery zone’. How will corporations considering moving here look at that designation? I guess time will only tell.

Now to the article. I’ll have to give props to Ellis on this article, he wrote what I was thinking;

For months, Sioux Falls officials have talked about how the economy here is better than in most other cities across the country.

They acknowledge that sales tax revenues are down, but officials point out that they have ample reserves to meet the city’s obligations. And while building permits haven’t matched the boom days of 2006 and 2007, officials are quick to point out that building activity here is more robust than in similar cities.

Can you say ‘Hypocrisy’?

And bravo to councilor Staggers for using the ‘L’ word when it comes to this hypocrisy;

City Councilor Kermit Staggers calls the resolution “a lie.”

“Our situation in Sioux Falls is not the best, but it’s certainly not how it’s described in this resolution,” Staggers said. “I’m concerned about the veracity of this.”

I think this video says it all;

[youtube]http://www.youtube.com/watch?v=S4cO9GkWPTo[/youtube]

An Interesting Email Exchange

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Councilors Litz and Staggers had a protest vote against FEMA’s floodplain maps at Monday night’s council meeting, they knew it would pass without their votes but were basically telling Washington they didn’t approve of the way this matter was handled. The city was forced to accept this map. I sent this email to Staggers and Litz shortly after the vote, Litz was the only one to respond, I found what he had to say, interesting to say the least;

Kermit-

I applaud you and councilor Litz for voting against the floodplain map, I have been saying all along it is bogus (or something like that).

Scott L. Ehrisman

LITZ: One federal agency , the Corps is told by another federal agency FEMA they didn’t get the  job done so if your house is insured in part by another federal agency HUD you must buy insurance from another federal agency. Kafka couldn’t have done it better.  The trouble is the comedy of errors involves real peoples money…..blitz

ME: I do understand that the council had to vote for this (forced) but I still wish there would have been more vocal protest. I will have to say, that for once I am not disappointed in city government on this one, I am disappointed in our Washington delegation in not doing more, your hands were tied.

Good luck, Scott

LITZ: We are powerless against our Federal Government…blitz

ME: Really? Dissent is a powerful thing. It created this country.

Sioux Falls taxpayer’s to subsidize the Federal government

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Only in Sioux Falls would our city officials make it’s residents pay for something the Feds are responsible for. I am amazed how the city will bully it’s citizens into paying higher taxes, higher rates and turned the city into practically a police state with their code enforcement, but when the Feds tell them NO, they roll over like a dog and play dead.

Sioux Falls officials are moving ahead with plans to issue bonds for a major flood control project, two months after the U.S. Army Corps of Engineers failed to fund its share of the project.

This is silly for many reasons. 1) The levees are Federal property and the responsibility of the Federal government not the city of Sioux Falls. 2) FEMA, a Federal agency, created this bogus floodplain, they should be responsible for fixing it 3) Only 11% of the Federal stimulus has been distributed. Who knows, we may still get the money.

The amount of the bond is calculated at $29.4 million, which would include the Corps’ share as well as about $12 million for the city to reconstruct the 41st Street Bridge. It could be the last major bond issue for Mayor Dave Munson, who leaves office next year.

Yes, as a city we are responsible for fixing the bridge, the bike trails and landscaping, but that’s it. But there is more to the story;

The bonds were sold competitively and garnered five bids. The winning bid had a 4.13 interest rate on the life of the bonds – much lower than officials expected. The difference between the low bid and high bid amounted to $1.4 million in interest costs.

Hmmmm. 4.13% interest rate? Boy I wish I could get that for my mortgage. Kind of sounds like the hub-bub about our tax petition drive affecting interest rates for bonds was COMPLETE BULLSHIT! Just another fear and smear tactic by the misleader in Chief, King Dave.

The success of Tuesday’s bond, as well as the potential for low borrowing costs on the upcoming flood control bonds, rests in part with the high credit rating issued to the city by Moody’s Investors Service, a credit rating agency.

In a report issued Monday, Moody’s indicated that Sioux Falls is likely to “continue solid growth over the long run after emerging from its mild recession, fueled by above-average population growth,” low business taxes and “high-wage employment opportunities.” The report noted that unemployment remains low when compared to the national level.

Don’t you mean NO BUSINESS TAXES and LOW-WAGE opportunities? Apparently Schwan is working her magic with Moody’s to. But I found this next piece of info interesting;

“Restructuring of John Morrell’s operations nationally is a risk,” the report said, as well as uncertainties in the city’s financial services industry.

Gee, haven’t heard anything from City Hall, the Chamber of Commerce or the Development Foundation about how they are going to try to keep JM’s here. Typical of supposed leaders in our community, “Just ignore the problem and it will go away.”

Jessica Cameron, a senior management consultant with The PFM Group in Minneapolis said, “Sioux Falls is considered by the rating agencies to be very vibrant.”

 

Cameron, who is serving as the city’s financial adviser, said there hasn’t been a date set for the flood control bonds.

Well Jessica ‘too good to drive to Sioux Falls so I take a plane on taxpayer’s dime everytime I come here’ Cameron, isn’t it your job to promote vibrancy in our city? Isn’t that what we pay you for? And while we are on that subject, why do we need to pay a financial advisor when we have 22 people working in our finance office?

Officials are eager to get started. But before they can, the Corps must sign an agreement that allows Sioux Falls to advance it money, Public Works Director Mark Cotter said. That agreement, after making the rounds at various offices, is at Corps headquarters in Washington.

 

“They have up to 60 days to review it,” Cotter said. “We’re hoping to cut that down to two weeks if they’ll do it.”

No, let’s hope they decide to fix what they own with their money, not ours.

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You may remove the head-gear, citizen

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After amusingly debunking the 9/11 truthers’ claims, Popular Mechanics has now done the same for the claims of wingnuts about FEMA death camps, FEMA work camps, and the “hundreds of thousands of coffins” found outside of Atlanta.

You may now rest assured, unless you’re the guy in the picture, who probably thinks PM was paid off or threatened by FEMA (and its always-competent leadership) to write the article.

Sometimes I wish these wingnuts would dig a big bunker and hide out there for a hundred years or so.

Temporarily closing the city bike trail may save us from the Apocalypse

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Apparently the Four Horseman could be riding in on the Big Sioux Creek, but don’t expect them to be on bikes.

I see city officials are sharing talking points when it comes to levees, floods, and spending Federal money;

Sam Trebilcock, a city transportation planner, said the trail will close from 49th Street to the dam just north of where the river and creek meet northeast of 26th Street for a city flood control project to raise the levees by 5 feet and build a dam.

“You know very well what happens in the news if we don’t do that,” Trebilcock said. “Grand Forks happens. What happened in huge catastrophic (quantities) in New Orleans happens if you don’t have a good levee system.”

First off, Sammy, Sioux Falls isn’t a soup bowl sitting below sea level. In fact you and I both know the real reason why the levees are getting built; an overly paranoid FEMA after Katrina started running around the country like a chicken with their heads cut off. Secondly, several studies have shown Sioux Falls is experiencing a moderate drought, and everyone knows we have low water tables here. I find it ironic that the same city that is begging the Feds for money to build the Lewis and Clark water pipeline (That we have borrowed millions to build, well because, we don’t have much water in Sioux Falls) would be going to the same Feds to ask for money for our levees.

Does Sioux Falls have the potential to flood? Sure, and precautions should be taken, but don’t act like it is the end of the world and cut the crap.