BOMA Thurs. 7/6 Agenda Items Citizens Must Study, Discuss & Question(why?) at Meeting!
#14 Reading of Resolution#06-16, to Establish
the Responsibility with Town Recorder of Carry-
ing out an Investment Policy of Town Funds with
People's State Bank, subject to the approval of
the Board of Interim Mayor?
People of Nolensville this is a meeting you can-
not miss! Unbelievable as it sounds our interim
mayor who couldn't answer budget questions
and the town recorder who couldn't tell us how
much money was spent over and above the 2005
budget are now going to tell us how to invest the
town's money in a brand new un-known bank
doing business in temporary offices in our town?
Why leave First Tennessee? They have an invest-
ment program? Better yet, why not put the extra
cash in the State's Pool where they get 4.9% or
better?
This same team (interim mayor/town re-
corder) was unable to tell us why a Miscellan-
ous Account in 2005 budget spent 300% or
more over budget or what items were charg-
ed to this account?
This same team (interim mayor & special bud-
get study group) refused to adequately fund our
Fire and Police departments. Only after a pro-
tracted meeting did the interim mayor slowly
make a motion to approve the monies requested
for Fire and Police depts. He said "he reduced the
Fire and Police budgets in order to give a raise to
everyone on the staff." Some how the Fire and
Police depts.were not important enough to pro-
perly fund them?
Let's face it people our interim mayor an invest-
ment banker/consultant he is not! A full time
real estate agent he is & associated with one or
more local realty firms? Our town recorder is
sincere & hard working, but an investment
guru/consultant she is not!
Even more curious is why are we suddenly
switching banks? Upon whose recomendation
and in what meeting was this all decided on?
Can we all wonder what happened to the "sun-
shine law" the one that says all town business
is to be conducted openly & available to the
public? Come to this meeting and ask WHY?
We just got the agenda and are studying the
other items. CLICK HERE for agenda.
We invite your comments? Is the board & staff
qualified to invest millions of dollars of town
funds for the best return? Yes or NO???
posted by Guest Writer at 5:58 PM
4 Comments:
Talk about the "blind leading the blind?" We have entered the Wizard of Oz Fairy Land. Our real-estate-unelected interim mayor wants to bestow the responsibility of investing millions of dollars of the town's money totally on the shoulders of our town recorder. And pick a new unknown local bank as the receiver of these funds????
Call the state's attorney NOW!!!!!
Why would he think he should be entrusted with this responsinility when he has no vision or plan?
No way Mr Dugger.
And why does he wabt to make this move after 10 years? More knapper coming out.
Bring in Carnac for invesyment banking!
I don't think that town investment should be solely up to one person, especially a realtor who would deal with a local bank all the time. Bad decision for this interim government.
However I would expect nothing further from a man who openly admits he has no plan or future vision for this town.
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