Excuse me, that’s almost $1,000,000 you’re talking about

HG gives his first hand view of Los Alamitos City Council’s Tuesday night special meeting on possibly taking on $900,000 of new debt

(Los Alamitos, 6/25/2015)  This is our third article on the almost million dollar decision Los Alamitos’ City Council discussed at their Special Meeting on Tuesday night.  So far I haven’t found any coverage of it at all in any other online, print, or other media.  That’s not just sad. . . it’s dangerous!

Our Thursday columnist takes a decidedly different view of Tuesday’s meeting than I did in my Wednesday post, “Los Alamitos City Council considers options for $900,000,  but focuses more on what I explored in my pre-meeting post last weekend, What should Los Alamitos do with an extra $900,000? 

by Highlands Guy:  Once the city staff member brought up the possibility of taking out some cash via the proposed refi of the Laurel Park loan, the vultures swopped in with their talons at the ready (Yeah I guess that’s a bit dramatic, but I it does spice up the conversation a bit).

The ideas of where to put this over $900,000 “windfall” and “slush fund” (as heard at the June 23 council meeting) are all over the board. Among the many projects mentioned were: Continue reading

City Council considering options for that $900,000

The meeting was moved, one member teleconferenced it in, but a lot of progress appears to have been made last night.

(Los Alamitos, 6/24/2015)  At last night’s City Council meeting, everyone agreed it was at least worth investigating ways to spend an estimated $900,000 the City might be able to borrow in the process of refinancing the Laurel Park Loan.

Mayor Murphy emphasized the importance the importance of leveraging   the borrowed money to get as much grant money as possible.   Great idea, but that could be challenging given the conflicting time constraints of most grants (1-3 years out) and the requirement for spending the money within three years.

They gave it to us once. . . and we declined. . . Continue reading

What should Los Alamitos do with an extra $900,000?

Can savings from refinancing Laurel park become seed money for Los Al’s future?

(Los Alamitos, 6/21/2015)  If you live, work, play, or worship in Los Alamitos, you might be interested  in this coming Tuesday evening’s 5:30 Special Los Alamitos City Council Meeting (details at the end of this article).  Because the Council will be considering how to best take advantage of a “once-in-a-lifetime” opportunity afforded by current low interests.

The Council needs to make a quick decision on what to do with the fruits of a pending refinance of the almost three million dollar balance left on the City’s 2006 loan to purchase Laurel Park from the School District.

The City is seeking to take advantage of the current low interest rates before they go up much more, as is widely anticipated.

If I’m reading the Agenda Report (click & scroll down past the agenda) correctly, here’s the deal:  At current market rates,  Los Alamitos could save $21,000 a year for the next 21 years by refinancing the current loan balance for the existing 21 year term at current rates.

However, the City also has an option of  using the savings towards Continue reading

Favorite quotes about fathers

(Los Alamitos, 6/20/2015)  Our Fathers’ Day gift to you & your father:

It is easier for a father to have children than for children to have a real father.

Continue reading

HG: Time to focus on yet another elephant?

Our Thursday columnist takes a hard look at our town’s future, especially as it relates to our aging population

(Los Alamitos, 6/18/2015) Once again, our proactive Thursday columnist has some creative ideas for addressing another issue that demands more attention than it’s getting.  by “Highlands’ Guy:”  

Face it, you’re getting older, and there ain’t no way out of it. The question that immediately comes to mind is, “Has your city kept up with your changes, or has its focus remained the same year after year, generation after generation?”

Yes, a review of the 2015 Activities Guide reveals some well-designed city sponsored classes and events devoted to the ‘Greatest Generation.’ But I would submit that the breadth of offerings does not go far enough. And that as a city, we can to do better.

The constituency that can come together and raise many thousands of dollars, annually, to support school programs that should be part and parcel of all State supported schools needs to expend the same energy and resources on the other end of the population spectrum.

Please note also that this is not just a Continue reading

Council makes barely 9:45 deadline. . . kind of

The Los Alamitos City Council made their 9:45 closing deadline, but had to put off one item to do so.

(Los Alamitos, 6/15/2015) In yesterday’s Agenda Post I predicted a lengthy Los Alamitos City Council Meeting tonight, based on the items on the agenda.  Apparently the Council was concerned about burning the midnight oil as well, as they set a 9:45 deadline to  finish their public business at least.

That was almost five hours after they began, and they still had to return to the closed session they began back at 5 to finish their discussion of the City Manager’s new contract.  How much longer it went is anyone’s guess.

Sadly, Continue reading