Yes. Life is so damn boring in Sioux Falls, we wait for torrential rains or spring floods so we can go to Falls Park and watch the water go over the rocks;

The rushing water of Falls Park had visitors rushing to get a good view. The park filled up with sightseers Friday who wanted to check out the cascading current.

I guess it is a change of pace from our normal leisurely activities in Sux Falls; eating $8 dollar steaks at Applebees and watching NASCAR.

Great for developers who made a quick buck, not so great for residents. I’ve said all along that Sioux Falls’ unchecked over development was going to bite us in the ass eventually;

Long and other homeowners argued that development has filled in wetlands and forced all the runoff into their neighborhoods. Smith said they’ve studied those issues.

“The drainage in those areas from development they do their drainage studies to size them,” Smith said.

“Guess what, they didn’t work. July 29th and 30th their studies didn’t work. You can throw them out the window,” Long replied.

What Smith fails to mention is that Lincoln County probably doesn’t have the money to fix the problem.

As I said all along, this is the REAL reason the levees had to be raised;

Once the flood-control measures are in place, probably by the end of next year, the Federal Emergency Management Agency will redo its flood-plain maps and. In turn, fewer properties will be in the flood plain – saving money for property owners.

Walmart, Sam’s Club, The Empire Mall, Target are some of the businesses” that will be taken out of the flood plain, said project manager Tom Berkland.

Instead of worrying about the 1% chance that Walfart might get flooded we should have been more concerned about all the poopy in people’s basements. And isn’t that the crux of it all? While we received record rains, besides a little street flooding, no where along the river (within Sioux Falls) there was flooding. Imagine that!?

It’s not only a state policy but a city policy;

“Big Business first, citizens second.”

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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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