Re: Jersey City has big plans for 100 acres on West Side along Hackensack River
Posted by dr_nick_riviera on 2018/10/11 22:27:14
Actually, that is the one thing I asked about, the interest rate and it is the one thing that the administration will not answer. The ordinance just states the interest rate cannot be higher than 8%. It also states the bond can be refinanced which is am totally against. JC had bonds floating around for 50 years in the past which is absolutely ridiculous due to refinancing.
If "financial watchdog" Yvonne is so concerned about debt, maybe she shouldn't have forced the city to appropriate 200k over moving a statue one single block. I think the bill for that election should be debited straight from Yvonne's checking account.
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