How do you lose 800K

From the Racine Journal Times 8/6/16  link http://journaltimes.com/news/local/mayor-aldermen-discuss-k-loan-in-closed-session/article_bb6b4cb7-a371-5659-81b3-0414b556c72a.html

… “RACINE — The City of Racine’s Executive Committee met in closed session Thursday evening, at least in part to discuss an $800,000 loan the city proposed writing off in June.

The Executive Committee includes Mayor John Dickert and five aldermen — Dennis Wiser, Q.A. Shakoor II, Melissa Lemke, Jeff Coe and Terry McCarthy. Dickert said Friday that the meeting was called to keep the aldermen informed on the latest with the loan, made to the now-defunct Main-Lake LLC, between 1993 and 1995 to fund housing at 419-425 Main St.

“It was really just advising the council as to what’s going on,” the mayor said. “A lot of council members have been asking about it so we just wanted to say this is where we’re at.”

State law allows city officials to meet in closed session to discuss strategy with legal counsel. Dickert couldn’t comment on the exact progress made on evaluating the loan. …

when last we read the City of Racine was going to write off the 800K loan made in the 1990’s for the building had been sold twice (if not three times) and if I understand right a lean was never placed on this building and as the story,

… “According to the June release, Elaine Ekes, the city’s consulting attorney, determined that the city would be unable to recoup the loan because the Main-Lake enterprise has dissolved. There was also no collection agreement with Main-Lake’s former parent company, The Alexander Company Inc., a Madison-based real estate developer, or any sort of mortgage taken out on the loan.

The Alexander Company’s president, Joe Alexander, said his company ceased involvement in Main-Lake in late 1997.”

Strong word on the street is that the City of Racine is going to sue to recover the loan.

Who would they sue? The current owner has a clean title, as my guess is the lat owner did, as we will find, all owners did, So then who will the City sue?

How do you not follow what must be SOP anytime  the city makes a loan THAT big?

Or maybe something else might explain what I can only call gross misconduct.

What do you think happened?

Begs the question what is going on with Machinery Row, after all  been three months and no word on what is going on with the loan the City gave on this. Why?

 

 

 

So

Just for fun thought I come by and see what if anything was new here. After all I have not posted anything here since 2015 then since I was not using this anymore I delete the site.

Then ….

I saw that people still came here that was kinda a shock more shocking was to see that comments were being left, not by spam botts trying to post some type of ads but from others who took the time to read what I had to say then take the time to write something.

More amazing is that it was from the hater group, so this poorly written with shit grammar and worse spelling blog is so upsetting the Pro Dickert  types that they are moved to defend him and his policies.

Very interesting and kinda motivating if only to be a burr in the side of our Mayor who I still see as being the number one reason why Racine is even more then ever falling into ruin

How is Team Porters doing anyway?

Wait, What: Wait; What: Popular Theories on Machinery Row

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Water Rates as a way to fund John Dickert’s Fun and games

JDnazi

 

One of my favorite cartoons on the Great John Dickert Mayor of Racine  is above

 

 

To the Story

As you know (because our Mayor is telling us) The City of Racine in land locked we can not grow away from the Lake, if I understand correctly from time to time The City of Racine has tried to trade with the  Village of Mount Pleasant for land south of the City in and around Mead St (East) to I understand say 21 St (south) but Mount Pleasant is not interested.

This is one of the reasons we are told Root Works needs to happen this idea would give Racine areas to develop (just like the old Porter’s Project!)  You know the City gives the owner Money a TIF is made the streets turn to Gold

Porter’s project today

 

porters

Not the project we hoped for (Photo from the Journal Times)

So with many needs and many Court Cases in Federal Court what is a Mayor to do?

How does he find the money?

Might  a way be Water Rates with forcing as many as possible to buy Water from the City of Racine?

After all the Poor Farmers on Hwy V will not only be made to pay for the Water and Sewage lines  run thorough the Farmers land into Caledonia TID 4 (now that is a story that may yet end up in court and be rather upsetting to many in the Racine GOP perhaps even Governor Walker)

Not only will they have to pay for the lines but over time buy City of Racine Water use City of Racine Sewer with that money going to our dear Mayor’s pocket!

Just think how much Water a farmer may have to use!

As well if/when Caledonia builds up how many more homes/businesses will be buying The City of Racine Water  at what is seen by some as high rates that our Mayor could jack up at anytime!

 

 

 

Will Racine reject CVS

BS

What in God’s name is going on with CVS on Washington and Ohio?

From the Journal Times

http://journaltimes.com/news/local/rezoning-for-cvs-hits-stumbling-block/article_6491c91f-a6dd-54c8-9bd3-426bb7f07eab.html

“… The move was recommended by City Plan Commission member, Alderman Dennis Wiser, after City Attorney Rob Weber informed aldermen that the city had been notified only hours earlier that two of the property owners with property adjacent to the project site had asked that their names be removed from a petition opposing the development….”

Well what is up with this?

How dare the fix that was in be unfixed?

We now have this “… Mark A. Franklin and Sarah Franklin and states that they have “changed their mind on the issue … ”

We cant have that can we? Looks to this reporter that our great Mayor John Dickert

former Mayor Jim “Ice Cream” Smith and from word on the street tells me another Real Estate pal of the Mayor do NOT want CVS going in here (Washington and Ohio)

Why? I can see why “Ice Cream” who lives near by may not want CVS in the area, but the Mayor?

Better, anyone want to guess who from the City will call the Franklin’s? Will the Mayor Visit?

Perhaps someone will come by and make an offer the Franklin’s cant refuse to go back to opposing CVS and make our Mayor happy? Your thoughts?

 

 

 

Mayor John Dicker taking notes from Hoffa?

1aho

Of course let’s lend money that should perhaps be used to fix roads to our pals!

From The Journal Times

http://journaltimes.com/news/local/proposal-to-use-k-for-small-business-loans-called-jump/article_12960afc-807a-55a2-8d46-ed504bba4758.html

From the story “… A proposal being put forward by city officials, including Mayor John Dickert and members of the City Development Department, calls for using $371,454 in federal Community Development Block Grant funds to create a revolving loan fund. The fund could be used to make loans of $25,000 or more to small businesses that employ or hire low-to-moderate income Racine residents.”  “… Loans would be ultimately be approved by the city’s Redevelopment Authority and the City Council, according to city staff, but the vetting of loan applicants would be handled by the Wisconsin Women’s Business Initiative Corp. and/or the Racine County Economic Development Corp….” Oh what pal of Mayor John Dickert serves on Redevelopment Authority?  A man who may sometimes not vote on issues maybe conflicts of interests?  Who is talked of by word on the streets of wanting to start a Brew Pub in Machinery Row?

But back to the story The telling part for me is this “…The money for the loan fund was made available as result of shift of CDBG funds from public infrastructure to economic development and job creation….”

Public Infrastructure  Things like Roads bridges and SIDEWALKS can you say Sidewalk fee to make up for the short fall even perhaps help put more money in what I can only see as a shush Fund for pals.

Big question when does leasing start to take place in Machinery Row  who will work that angle and how will they know (and they will know) our great Mayor.

 

 

It all started with a phone call

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About 10 days ago I got a phone call from Jim L the former County Executive based on this Photo (see above)

During the course of the phone call we spoke of many things great guy to talk with.

As you know I am no fan of his when it comes to the Marina or giving what I feel is a pass to Mayor John Dickert and what in time will be known IMHO the largest scandal in the City of Racine the whole Root Works Machinery Row deal.

Mr. L knows of this I have said as much to him.

The phone call got me thinking of why now vs when I was so much more active?

Talked to others about this a big big blank I still have no clue.

Still why became even if I am the worst writer on Earth (and I am) I still put out information that many would not want you to know.

That being news about: Hwy V in Mount Pleasant the war on Farmers or Why Caledonia T.I.F. 4  needs water and who in the GOP might be benefiting

 

The continuing saga of Root Works now including a revolving Loan Fund  using Block Grant money Or Mayor John Dickert’s pals need money far more then we need good roads!

I will add the Web Address here one I get things going

Get ready for a fun time!