Harmony CDD Board of Supervisors:

 

Harmony Staff was asked to provide backup materials for the discussion item referenced in the May 26, 2016 Agenda Packet as: Item 8A - "Discussion of Chairman's Public Comments on Facebook".

 

Here is an excerption quote of what was purportedly posted on the online forum:

 

"Along those lines, you might recall that we have been working diligently to pay off the streetlight capital contracts thereby saving 10.5% interest charges on millions of dollars worth of these contracts.  Last month, the Board voted to pay off the next four contracts in chronological order.  After reviewing the financial aspects of those contracts, I realized that a better return-on-investment could be realized by paying off a different group of contracts so I countermanded the Board's decision and stopped work on the first payoff.  This caused a fair amount of consternation on the part of certain Board members because I changed the standard policy or protocol [that] Board decisions are to be carried out without exception.  HOWEVER – when it comes to breaking protocol versus saving you, the ratepayers, a significant amount of money, I will break the policy every time.  Some may not like that, but I think that maximizing the savings – and hopefully avoiding fee increases – is more important than risking a few hurt feelings amongst Board members."

 

If you have any questions, comments, or concerns, please do not hesitate to contact me.