Quote:
Originally Posted by Vlajos
Reading that link, private landowners in LSE have a special real estate tax assessment to cover the bond issuance, so it looks like LSE is paying, not the City.
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Just because the city is using their credit and position as a municipality to push through a project doesn't mean they are paying for jack shit. You are correct, the city hasn't fronted a dime, what they did do is more or less co-sign for a loan taken out to build a park that will be maintained and paid back by the HOA. If that's not an appropriate use of government, I don't know what is.