May 19, 2011 8:37:45 AM PDT
Hi all, I see we are getting down to the wire on the
GPU.
My concern is the reliance of future developement in the Plumas Lakes area
to repay the bonds for flood protecion. (plan A) The County of
Yuba, (us tax payers) have and obligation to start making
payments in just a few short years. The only way we can manage that is
the build out of the Plumas lake area using the developers fees.
The problem is, it is much less expensive and more profitable for home
builders to go elsewhere. And if you ad in more updated growth
projections for the next ten years, We could be headed for a financial
meltdown.
The only savior Yuba County would have is the Yuba Water agency.
In a couple years the contract with PG and E is up and the profits from
energy production starts to flow to our agency, we are talking millions of
dollars here! Since flood protection falls within the realm of our water
agency, money can legally be used by them to pay the bonds. (plan B)
The Yuba Water Agency as I understand it was created by our
state elected officials. It's a one of a kind agency in California.
With all of the millions that will be generated very soon, and
the financial crisis our state is in, it will be very easy to vote
to remove the agency and take control.
My concern is....... Yuba County doesn't have enough political
or finacial clout to stop it.
Should we be concerned? Do we need a plan C??????????
Michael Paul
Smartsville
.