Barb Lickness shares: "First, while the city may have paid $275,000 for the property (not sure about that) there is substantially more money in the site. On 8/23/96 the City Council authorized the use of $400,700 of federal MILES funds for this site. The use of these funds requires job producing industrial development. The neighborhood also invested $150,000 of its NRP funds with the same understanding that the site be used for job producing industrial development."
Vicky asks: Were the MILES funds actually disbursed? Who received the money? What was done with it? Were the NRP funds actually disbursed? Who received the money? What was done with it? CM Schiff stated that the City had $275,000 in the property that was sold to Sabri for $125,000. The property in question occupies one-half of a City block - $125,000 is a sweetheart deal no matter who the buyer is. It would be nice to know if Sabri's gift from the taxpayers was the entire $700,000 net. How does the City expect honest businessmen and businesswomen to compete with Sabri, Minn, Sherman, etc. when the favored few have gobs of public money stuffed in their pockets. I guess the honest business people just get to pay higher taxes - to bankroll their competition. Right? Vicky Heller North Oaks and Cedar-Riverside REMINDERS: 1. Think a member has violated the rules? Email the list manager at [EMAIL PROTECTED] before continuing it on the list. 2. Don't feed the troll! Ignore obvious flame-bait. For state and national discussions see: http://e-democracy.org/discuss.html For external forums, see: http://e-democracy.org/mninteract ________________________________ Minneapolis Issues Forum - A City-focused Civic Discussion - Mn E-Democracy Post messages to: mailto:[EMAIL PROTECTED] Subscribe, Un-subscribe, etc. at: http://e-democracy.org/mpls
