From the Email InBox: MOU Passes RDA with a Wave of a Hand...

The Passage of the RDA Version of the MOU previously adopted by the City Council stipulates the increase of the RDA DEBT from 15MILLION to 65 MILLION DOLLARS.

THIS is so a NO BID CONTRACTOR/DEVELOPER can DEVELOP the HORRIBLE BLIGHTED LAND in Grand Terrace.

This MOU is an Abuse of the Citizens of Grand Terrace, and all taxpayers. To perpetuate inflated property values, and development costs by providing Bond Funds for the Development of Raw land along the Freeway or even the Senior Center is not in the best interest of the community.

There are Ghost Towns popping up all around California where 500,000.00 homes are sitting empty and no one bids on them at foreclosure sales. In Part this is due to the practice of Debt Financing, and RDA and City Councils measuring their success on the "Increased Property Value" of the land and buildings in their community. The Result has been an Inflation of Value that is not supported by real worth, and is slowly becoming a burden that much like the days of the Great Dust Bowl, and Depression will result in More and More American families living under the freeways and in the bushes along the freeways.

The Developer of the area adjacent to the Freeway will use RDA Funds to pay for Roads, sidewalks and infrastructure, that any other developer would have been required to pay for out of pocket. Remember the Citizen who wanted to subdivide a large property on Vista Grande or Grand Terrace Rd. The City Demanded a Payment UP FRONT for Sidewalk, curb and road improvements, prior to approval. So why does a Developer get these things paid for, with RDA Debt Funds.

They why is because Mr. Schwab wants it.

Why does the City have the power to tell you you can't have a small goat as a pet, but they can bring a herd of goats close to apartments for a demonstration? Because Mr. Schwab wants it that way.

It should be a time that Property OWNERS have more rights than OUTSIDE DEVELOPERS. The dog owner is the same as the goat owner...

But, that is not how Mr. Schwab wants it.