Archive for April, 2010

Ice Cream & Sculptures

Wednesday, April 28th, 2010

The idea of adorning the now dirt employee parking lot east of Dairy Queen with sculptures and benches for patrons to enjoy is definitely a move in the right direction for the owner of both the dirt lot and Dairy Queen, Craig Lindberg. see story

Whether it was a that familiar (I got your back) wink from Loveland City Manager Don Williams, the fact it was on the consent agenda already or any other reason, Lindberg’s failure to appear before council when requesting the city vacate a right-of-way last week was probably not advisable. The council went ahead and passed the request on first reading (it requires two readings before council and majority votes before it can pass) anyway. The council agreed to coordinate the next reading for a time convenient for the applicant to come and present and answer any questions. Many of the question centered on the drive through and traffic flow which staff admitted was confusing and difficult to explain.

Councilman Daryle Klassen, however, appeared especially angry about questions regarding the drive-through, traffic study and proposed traffic flows between Eisenhower and Jefferson. He launched into a lecture announcing Linberg’s plan but perhaps not in the tone or setting the owner of Dairy Queen or the artist Mark Lundeen would have preferred.

When the Mayor told Councilman Klassen the council was not “hindering” the project — Klassen interrupted in an angry tone, “I think you are.” Klassen’s cantankerous comments were quick to condemn any colleague who dared asked traffic questions as anti-business.

Finally, Mayor Pro Tem Larry Heckel explained to Klassen that he wouldn’t have supported the motion if he thought anyone was trying to hinder or delay the project.

Later in the same meeting Klassen apologized to his colleagues and staff for his previous outbursts in the meeting though it wasn’t clear he was referring to that specific incident.

We agree with Klassen’s enthusiasm for the plan but disagree with his red-bating approach of implying any questions at all constitute an attempt to hinder the project. It is this kind of intellectually empty political demagogue that contributes nothing of substance to the conversation and only adds to petty squabbles by public officials.

Any thoughts?

Investing Loveland City Reserves In Brazil?

Wednesday, April 14th, 2010

On April 6, Loveland’s Executive Financial Adviser Alan Krcmarik told the city council that something the city needs to take a look at is investing in German and Brazilian government bonds. see story

Cities typically invest in U.S. Treasury Bonds as they have a AAA rating and represent the safest (although historically lower returns) than corporate bonds or other types of investments which cities also buy. However, recent news that the U.S. Government may lose that AAA rating has sent an alert to fund managers of municipalities and state governments whose investment policies require they keep some percentage of the portfolio in AAA bonds.

Unlike private investing, local governments cannot accept much risk to principle in exchange for higher returns. Local and state governments investment goals are quite modest when compared to individual investors and private entities but current economic forecasts may change the notion of what constitutes a risk. Krcmarik, who served previously as the city’s Finance Director, is concerned both about the potential for the U.S. Treasury rating to drop and the specter of future inflation that could substantially erode the value of city reserves if they are invested in low-yielding long-term bonds.

The excerpt from Bloomberg below describes what Krcmarik was alluding to when addressing the city council last week;

While Treasuries backed by the full faith and credit of the government typically yield less than corporate debt, the relationship has flipped as Moody’s Investors Service predicts the U.S. will spend more on debt service as a percentage of revenue this year than any other top-rated country except the U.K. America will use about 7 percent of taxes for debt payments in 2010 and almost 11 percent in 2013, moving “substantially” closer to losing its AAA rating, Moody’s said last week.

Whether Loveland’s Citizen Finance Advisory Committee (CFAC) will be consulted on any future decisions regarding a change in Loveland’s portfolio to include foreign debt remains to be seen. It is an odd circumstance in this country when municipalities don’t trust the backing of the U.S. Treasury as the safest place to invest public funds. When both the value of the dollar and credit worthiness of the U.S. Government are in potential jeopardy looking overseas may seem like a prudent step.

If you were advising the City of Loveland would you suggest placing some of the $191 million (mostly restricted) city reserves into German or Brazilian government bonds instead of U.S. Treasuries?

Any thoughts?

Larimer Republican Assembly Exceeds 1,000

Monday, April 5th, 2010

In a day to be remembered the Hilton Hotel staff of Ft. Collins scrambled last Saturday to find every available chair in the building to accommodate a crowd of over 1,000 Republicans for the Larimer County Republican Assembly. (read article about the event)

While the Sheriff race split the assembly 6 other county office seekers were approved to run on the party ticket by unanimous consent and no challenger. Other winners include Ken Buck while Jane Norton was away and Cory Gardner for Congress who said even current Republican congressmen, “were sent to drain the swamp [in Washington, D.C.] but are instead wallowing in it.”

Please take a moment to read our story and make any comments here.

Thanks

Democrat Candidates Linked To Republican Interest Group

Friday, April 2nd, 2010

“I am not bound to win, but I am bound to be true. I am not bound to succeed, but I am bound to live by the light that I have. I must stand with anybody that stands right, and stand with him while he is right, and part with him when he goes wrong.”

Abraham Lincoln

Great politicians are people who are willing to lose a campaign before losing their principles. Terrible politicians are those who would lose their principles before losing a campaign.

Campaigns should be contests of not just the candidates themselves but also the ideas and solutions they want to bring to the office they seek. That is why we look with a jaundice eye at any candidate who runs for public office at the behest of Political Entrepreneuers and Republicrats like former State House Representatives Bill Kaufman and Don Marostica.

Whether Loveland attorney Richard Ball decides to follow his Republicrat friends’ likely advice to avoid taking a stand on controversial issues while campaigning or even worse pretends to be something he is not remains to be seen. Ball is his own man and only he can make that decision.

LovelandPolitics published a story about the recent foray of a self-described “moderate” Republican business cabal into local Democratic politics. We invite you to read the story which was a collaborative effort with contributions from people not usually involved with LovelandPolitics.

Please feel welcome to throw-in your two cents or make any corrections you feel are necessary.

Thanks

City Manager Resigns – Retiring To Missouri

Thursday, April 1st, 2010

Don Williams began preparing for his retirement in July of 2008 when he proposed a special health benefits package to last only 5 years and coincidentally was only for senior level employees over the age of 60 who had worked at the city for longer than 20 years – oh yeah that must be Don. Now he can resign before the retirement age of 65 and have full medical benefits from the city for he and his family as if we was still working full time.

The mess he has left in his wake is wide and deep. Read the story by clicking here.

Please feel to post any comments, stories or most memorable interaction you may have had with Don Williams during his past 8 years as Loveland’s City Manager.