So, the answer is yes. Good! Can you find out the details of how we can use the Capital Money for this type of infrastructure work? Then we wull look at bond ceiling and the rest of roadblocks. Looks like we would start with the areas that the communities and Pepco could benefit from undergrounding the wires as well as planning much needed upgrades of other utility infrastructure. Bottom line - we ha e money for trolleys, we have money for other stuff.
Thanks!
--Rob,
I wanted to add a little more information to my previous response. While I'm sure that there is a work around currently the bond programs which DC has at its discretion don't actually allow for the council to enact legislation for bonds based on issues related to the transfer of energy. I know that there may be a way to do so but off of the top of my head I haven't been able to figure it out as of yet.
In addition I mentioned in my email yesterday that we would have to adjust our debt cap. Currently the DC Government has set in place a rule that the city can't spend more than 12% of its general fund revenue on debt service. There was talk to expand this to 17% late last year which didn't go through but currently the city is near its debt cap so it would have to expand its debt cap to have the ability to issue enough debt to provide cost for this.
Eric J. Jones, MSF
P Please consider the environment before printing this email.
From: wardfive@googlegroups.com [mailto:wardfive@googlegroups.com] On Behalf Of Rob
Sent: Sunday, June 24, 2012 11:39 PM
To: wardfive@googlegroups.com
Cc: ward5@yahoogroups.com
Subject: Re: [WardFive]
I hear the surrounding situations and I understand. However Can the Capital Money be utilized to fund this type of road repair project if coordinated properly?
On Sun, Jun 24, 2012 at 11:16 PM, Eric J. Jones <ejjones.threed@gmail.com> wrote:
Rob,
It isn't that simple as it would still have to be covered as a cost from a city standpoint. The issue is that even with a public private partnership the city would have to cover its half. In addition there would be additional cost for traffic issues and problems related to the impact on business which the city would also have to find funds for.
The other concern is that even if we were to approve it that it would come from bonds and wr are at our debt ceiling. We would also have to encourage the government to raise our self imposed debt ceiling which was part of our agreement with the big three in NYC.
Eric J. Jones
- ejjones.threed@gmail.comOn Jun 24, 2012 10:22 PM, "Rob" <indianrob@gmail.com> wrote:
Eric,
Is it possible to use the Capital Money to do Street repair in a joint venture with all the utility companies? At some point, many of the existing infrastructure fail. I am sure that it is time to replace all the water and sewer pipes; especially to deal with all this development that is occurring!
--
R. Ramson
3744 12th Street, N.E.,
Washington D.C., 20017
202-438-5988
"We must become the change we want to see" - Mohandas Gandhi-
(Together, for a Brighter Tomorrow)
--
WardFive@googlegroups.com is open to WardFive residents for community discussion and information sharing.
To post to this group, send email to wardfive@googlegroups.com
To unsubscribe from this group, send email to wardfive+unsubscribe@googlegroups.com
For more options, visit this group at http://groups.google.com/group/wardfive?hl=en--
WardFive@googlegroups.com is open to WardFive residents for community discussion and information sharing.
To post to this group, send email to wardfive@googlegroups.com
To unsubscribe from this group, send email to wardfive+unsubscribe@googlegroups.com
For more options, visit this group at http://groups.google.com/group/wardfive?hl=en
--
R. Ramson
3744 12th Street, N.E.,
Washington D.C., 20017
202-438-5988
"We must become the change we want to see" - Mohandas Gandhi-
(Together, for a Brighter Tomorrow)
--
WardFive@googlegroups.com is open to WardFive residents for community discussion and information sharing.
To post to this group, send email to wardfive@googlegroups.com
To unsubscribe from this group, send email to wardfive+unsubscribe@googlegroups.com
For more options, visit this group at http://groups.google.com/group/wardfive?hl=en
WardFive@googlegroups.com is open to WardFive residents for community discussion and information sharing.
To post to this group, send email to wardfive@googlegroups.com
To unsubscribe from this group, send email to wardfive+unsubscribe@googlegroups.com
For more options, visit this group at http://groups.google.com/group/wardfive?hl=en
WardFive@googlegroups.com is open to WardFive residents for community discussion and information sharing.
To post to this group, send email to wardfive@googlegroups.com
To unsubscribe from this group, send email to wardfive+unsubscribe@googlegroups.com
For more options, visit this group at http://groups.google.com/group/wardfive?hl=en
0 comments:
Post a Comment