An urgent meeting is scheduled for this afternoon at City Hall. While most meetings are scheduled for 6PM or later, this one is set for 4PM, forcing many to leave work early in order to speak at the meeting.
The urgency of the council/Redevelopment Agency meeting comes after Governor Brown announced his intentions of squashing Redevelopment Agencies as component of saving money and redistributing funds to their normally allocated destinations.
This afternoon’s Agenda has only one item (MISSING WORD ADDED BY ME):
CONSIDER APPROVING A COOPERATION AGREEMENT BETWEEN THE CITY OF FULLERTON AND THE FULLERTON REDEVELOPMENT AGENCY FOR (PARTIAL) FUNDING OF CAPITAL IMPROVEMENT PROJECTS, GRAFFITI REMOVAL SERVICES, AND PROFESSIONAL SERVICES
In a nut shell, City Hall sees their glass house shattering and is looking to pull out as much money as possible from the Redevelopment Agency in order to install street lights in the Lemon/Truslow area, stabilize the slopes along Harbor Boulevard just below the YMCA, improve Hillcrest Park, and build a parking garage at the Fullerton Transportation Center.
In all, the City/Redevelopment Agency is looking to move $14,100,000 from the Redevelopment agency coffers to the City of Fullerton coffers to help cover some of the upfront costs associated with these projects.
If any of those mentioned sound familiar it’s because just last Tuesday the City Council decided to ask Congress for some money to address them.
This sounds like the scheme of someone who desperately pulls out every bit of equity from their house ($14.1M from RDA’s tax increment), maxes out all of their credit cards ($29M in tax bonds) for that new sports car (town homes and condos and garages) knowing they are about to get slapped by a court-ordered judgment (governor’s proposed budget) that will surely leave them penniless.
Once again, the lack of leadership has manifested itself by the procrastination of City Hall to tackle our crumbling infrastructure. Water-mains continue to erupt forth from our streets like Old Faithful while the ever-expanding potholes begin to resemble the Grand Canyon. At this rate, residents will be able to sell tickets to the spectacle as our city sinks into the abyss of municipal doom.
Also in the news, the California State Controller’s Office Announced that they have selected the Placentia Redevelopment Agency among 18 agencies to be reviewed by the Controller’s Office.
“The heated debate over whether RDAs are the engines of local economic and job growth or are simply scams providing windfalls to political cronies at the expense of public services has largely been based on anecdotal evidence,” Chiang said. “As lawmakers deliberate the Governor’s proposal to close RDAs and divert those funds to local schools and public safety agencies, I believe it is important to provide factual, empirical information about how these agencies perform and what they bring to the communities they serve.”
Read more about the review at http://gregsebourn.blogspot.com/2011/01/controller-launches-review-of.html