Friday, July 13, 2007

The Gang who Couldn't Shoot Straight strikes again

Don Quixote Rant:(see below for details of ads etc.)

The legal ads that are required are correct in that they do not refer to anything other than the long term financing option. The website has been corrected re the 'short term financing option' that is not available to the City in any meaningful form. However in an advertisement that is not legally required and is a mere reiteration of their old website explanation of June 15 the City once again mistakenly uses the argument about short term financing. This ad appeared today July 13 in the Morning Star.

If the City's stated aim is to ignore the results of any counter petition, then to spend money on this type of advertising is asinine. If this ad with its 'inaccuracy' as to 'short term financing' is the City's error then there should be a correction. If it is the paper's fault then the taxpayers shouldn't pay for it.

Either way this type of advertising trying to influence a counter petition opportunity MUST not be allowed with the taxpayer's money.

http://www.vernon.ca/news/docs/Advertisement_for_Library_Civic_Building.pdf
INSERTION DATE: Sundays, July 8 and July 15 , 2007 NOTICE OF ALTERNATIVE APPROVAL PROCESS OPPORTUNITY BORROWING BYLAW FOR LIBRARY/CIVIC BUILDING
(excerpt) (LEGAL AD)
The City of Vernon intends to borrow up to Twenty Million ($20,000,000.) for constructing the Library/Civic Building by way of the “Library and Civic Complex Loan Authorization Bylaw Number 5086, 2007”. This long term borrowing will cost the average home owner approximately $38.00 per year.
------------------------------
Vernon City Website (July 13/07)
(excerpt)
Based on borrowing over 25 years, financing the construction of the new building, less lease revenue, will cost the average home owner $38 per year. Alternatively, cash financing from existing reserves and surpluses would cost approximately $160 per average household over 4
years.

Library/Civic Building - Leadership in Energy & Environmental Desing (sic) June 15 original posting of Cities website: http://www.vernon.ca/news/index.html (still there July 13)
Also: P.C8 of The Morning Star in 1/4 page ad.

(excerpt)
Based on borrowing over 25 years, financing the construction of the new building, less lease revenue, will cost the average home owner $38 per year. Alternatively, short term financing of the project would cost $160 per average household over 4 years.
--------------------------

No comments: