This is information Commissioner Jolley posted over at the Tribune Forums. She gave permission for me to post it here.
October 2004 - Commission OKs 2 million from existing city funds for development costs. At Jan. 2008 ECP Board meeting the members are told that that money has been spent. The minutes have not yet been approved from the Jan ECP Board meeting due to not having a quorum at the Feb. Meeting
December 2005 Commissioners OK 1.5 million General Fund no bid private issue bond. Staff negotiated this bond.
Water credit is over a million dollars.
NorthWestern paid a penality of over 500,000 dollars to the city for reneging on a contract to supply power. Per Cheryl Patton this money was used to explore "our energy options" - please forgive me if this is not a direct quote - but it does appear in Commission Minutes.
Last year 2007 city deposits 1.4 million into SME account for deposit on energy, this has been described in weblogs as a "gift."
I sure I'm missing some money spent, perhaps money for studies, travel and such.
I sure I'm missing some money spent, perhaps money for studies, travel and such.
Years ago the Commissioner were told that 75% of the financing for the coal plant was secure. This was repeated many times. To date the truth is there is no secure financing for the Coal plant.
1 comment:
As far as I can tell, the 1.4 million isn't technically deposited into an "SME account." It is deposited into a city account, but access to the funds is restricted and it is available only to pay SME, but not available for other City uses.
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