Rip-Off
Posted on May 30, 2007 - Filed Under Taxes | 12 Comments
While you and I are suffer tax increases and property value increases, LandMar will not. On Tuesday, the St Mary’s City Council continued to deny the connection between the June 19 TAD vote and the bail out for LandMar. Last week the taxpayers paid for a trip to Atlanta, supposedly to give elected and appointed [...]
Read More..>>HOW DIRTY IS DIRTY???
Posted on May 23, 2007 - Filed Under Taxes | 5 Comments
The old paper mill is variously called LandMar, Gilman, or Durango. It’s official name is “North River”. We have obtained a copy of the clean-up plan prepared by consultants hired by LandMar. This report was prepared on Dec. 20, 2006. The plan was approved by the State days later. This was done prior to the closing. [...]
Read More..>>BONDS COST MONEY
Posted on May 16, 2007 - Filed Under Taxes | 13 Comments
Floating a bond to finance a “Tax Anticipation District” is standard procedure. Since there is no way of knowing how long it will take before cash is developed from sales of property it is wise to discuss debt service (how much for payments to bond holders). After discussing this matter with a banker I would [...]
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