Daily Archives: December 28, 2009

"It’s Your Town Hall" Newsletter Issue 2 -Middletown Goes to MCIA To Consolidate 2009 Bonds

The second issue of the “it’s Your Town Hall” Newsletter is ready and available to ready.

Issue 2 discuss the special township committee meeting that was called for on Dec. 17th at 5:30 pm to discuss the refinancing of approximately $13 million worth to township bonds. The township will be refinancing these bonds with the Monmouth County Improvement Authority (MCIA).

The Monmouth County Board of Chosen Freeholders formed the Monmouth County Improvement Authority in 1986 as a conduit to cost-saving alternatives to the traditional methods of public capital finance for municipalities, boards of education, local and regional utility authorities and other local and county government entities.

As part of this resolution the Township of Middletown has agreed to pay all costs and expenses, including legal fees, in connection with the administration and enforcement of this bond in addition to its share of the amounts payable between the Authority and the town.

The refinancing of these bonds is expected to save the township a considerable amount of money in interest payments over the course of the next 20 years.

To receive a copy of the biweekly issues of “It’s Your Town Hall”, send email contact info to: itsourtown@yahoo.com

To read this weeks issue click >>> Here
UPDATE: It has come to my attention that the amount of the bond refinancing was not for a total of ~$ 13 million but for $5.966 million, which is a big difference (sometimes it can be a little confusing when reading ordinances or resolutions)

Also not included with the posted newsletter was the last page of the resolution which stated the bonding firm of Gibbons P.C. which happens to be firm that the GOP leader in Middletown works for and our curent Township Atorney worked for as a bond attorney.

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Filed under Its Your Town, Middletown, Monmouth County, Newsletter

Letter: Why Are Turf Fields Top Priority During Worst Economic Times Since The Great Depression?

Politics has overcome any sense of good government in Middletown Township.This is an egregious miscarriage of politics masquerading as government in this community.

When economic conditions are ignored and artificial turf fields are the major priority of the township committee members, there is something radically wrong with those elected and hired to administrate in this township. Most families are endeavoring to keep jobs,keep their homes, and trying to keep food on their tables and pay their bills. Their prime concern is not whether their kids have artificial turf fields to run on for sports activities.

There are many residents and citizens in this community that can connect the dots in this scenario. Remember the vicious political rhetoric of the 2008,2009 campaigns for township committee and the 2009 freeholder race and the individuals responsible for those vicious accusations against the democratic candidates in those races…( the alleged petitions for recall of the board of education member were never circulated or filed). These names connected to all that vicious rhetoric are the same names that trace connection to the turf field company favored for the current endeavor to construct two turf fields in Middletown during the worst economic circumstances since the Great Depression.

These questions demands answers……Is this proposal for turf fields somehow payment of a political debt for that vicious ranting that commanded so much attention in the fall of 2008 and again in 2009? Is common sense or reason absent when this township cannot pay it’s financial obligations without emergency resolutions,refuses to consider a finance committee and choses turf fields over jobs.

This all reeks of political motivation and ineptitude.Smell the coffee residents of Middletown….it’s your tax dollar at work. You pay these bills!

These are not the times for this kind of ignorance from those who claim to govern.This suggests incompetence when one examines the priorities of those chosen to serve in this community!!

Barbara R.Thorpe

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Filed under artificial turf fields, Economic Crisis, Middletown, the Great Depression, Turf project