IS IT TRUE FEBRUARY 8, 2016

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IS IT TRUE a local attorney Laura Sherman, an African American woman has quietly filed to run for State Representative District 77? …Ms Sherman grew up in the 4th Ward? …we are told that she is a self made person who earned two academic scholarships and graduated from two well known and respected institutions of higher education?

IS IT TRUE  we wonder if anyone has heard the rumor that the Bonds for the Downtown Hotel hasn’t been sold?

IS IT TRUE  the Clinton’s were $5 million in debt, when they left the White House because of legal expenses they incurred during Bill Clinton’s presidency?…we wonder how the “ financially broke” Clintons managed to give their daughter  a million dollar plus wedding?

IS IT TRUE were pleased that the Editor of the Evansville Courier and Press has finally taken City Council Jonathan Weaver to task on his  unprofessional behavior? …we agree with Mr. Ethridge statement that Weaver is immature and lacks manners? —we are pleased that Mr. Ethridge also made reference to Weavers “sending past and present council members bookmarked emails with him spouting vile words at various rivals”? …we  wish that Courier Editor Ethridge would have made reference that one of Weavers ex-wives filed a restraining order against him?

IS IT TRUE the CCO Publisher can relate to Mr. Ethridge remarks about Councilman Weaver immature behavior? …that Councilman Weaver accosted the 72 year Publisher of the CCO a few times during the past couple of years? …Councilman Weaver called him on at least two occasions late night (around 2:00 am) after seemly having one too many sarsaparillas and spouted vile words and insults towards him?

IS IT TRUE our February 5, 2016 IS IT TRUE had a record 149 comments? …since we re-designed our paper page layout our readership has increased 23%?

IS IT TRUE that our IT guy found 55,000 e mail subscribers accounts that were never approved by the CCO because a widgets was never activated? …next week we are going to address this issue in hope to increase our readership by leaps and bounds?

IS IT TRUE eLuxurySupply.com is a United States Veteran Owned and Operated company operating out of Evansville, Indiana? …Countless hours of hard work and determination, as well as a little luck, have helped eLuxurySupply.com to become one of the internet’s most trusted and successful specialty linen providers? …they are the 15th fastest growing company in the U S? …they are also the 3rd fastest growing retail company in America? ..eLuxurySupply.com is the fastest growing business in Ind.?

IS IT TRUE we are asking all of our readers who have Facebook accounts to “Like” CCO on Facebook?.  ..we are trying to widen our reach in the social media community?

Todays “Readers Poll” question is “Do you feel that a one hour speech is worth $625,000?

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41 COMMENTS

  1. Whoopie! Two academic scholarships! That’s exciting. Now, two academic degrees might be impressive.

    • She has at least two academic degrees if she is a practicing attorney. Most attorneys today hold a Doctor of Jurisprudence.

      • Yep, I’m well aware of that. One daughter, two nephews, and one nephew’s wife are lawyers.
        Receiving two academic scholarships is not a big deal.

        • You implication is that she may not have gotten the degrees, only the scholarships. Most academic scholarships are awarded to very good to superior students. Why would you think it would be any different for Ms. Sherman?

          • Laura always throws bait. Oft times it’s stinky cheese to get a rise from the bottom feeders. She’s just out fishin’.
            What she missed was that my comment wasn’t directed at the candidate (you don’t grandfather-in or read to get a law degree, you go to school for 3 or 4 years post-undergraduate and pass the Bar exam to become a lawyer. The number of academic scholarships you get have nothing to do with becoming a lawyer.) Mt comment was directed at the COO and their poor choice of terms. Ever since Joe has left the COO the quality and style of writing has deteriorated.

  3. Standard & Poor’s Report Assigns ‘A’ Rating to Downtown Convention Hotel Bond
    The financial services company cites area’s strong economy
    Posted Date: 8/13/2015

    A new report by Standard & Poor’s has reaffirmed its ‘A’ rating on lease rental bonds issued by the City of Evansville Redevelopment Authority to finance the Ford Center. S&P also assigned an ‘A’ rating on economic development revenue bonds for the downtown convention hotel project. The ‘A’ rating means the City has a “strong capacity” to meet its obligations to repay the debt and is among S&P’s highest rating categories.

    “The rating reflects the strength of the City’s county option income tax (COIT) pledge” to pay off the bonds, according to a Standard & Poor’s report issued Monday, August 10, 2015. (more)………………….

    * * * * * * * * * * * * * * * * * * * * * *

    Have we learned nothing from our experience with the FHA concerning the pledging of backstop funds? When the ship hits the sand those funds are vastly insufficient. I would suggest that the City of Evansville has already over committed their share of County Option Income Taxes (COIT) to a variety of projects.

    https://www.wyeriver.com/library/public/newsletter/OS-Covers/Downtown-Convention-Hotel.pdf

    • INDIANA

      Evansville (City)

      Aug 27, 2015 . . . . . . $10,235,000

      Economic Development Revenue Bonds, Series 2015A (Downtown Convention Hotel Project) (book entry)

      Dated Sep 1, 2015. Interest accrues Sep 1, 2015.

      Due Feb 1, 2017 to 2039.

      First coupon Feb 1, 2016.

      2026-2039 Callable Feb 1, 2025 at par.

      Purchased through negotiation by Fifth Third Securities, Inc., as follows:
      Due Amount Cpn Reoffered Ins
      2/1/17 $260,000 4.00% 0.94% AGM
      2/1/18 $270,000 4.00% 1.28% AGM
      2/1/19 $280,000 5.00% 1.56% AGM
      2/1/20 $295,000 5.00% 1.85% AGM
      2/1/21 $310,000 5.00% 2.16% AGM
      2/1/22 $325,000 5.00% 2.42% AGM
      2/1/23 $340,000 5.00% 2.63% AGM
      2/1/24 $355,000 5.00% 2.76% AGM
      2/1/25 $375,000 5.00% 2.90% AGM
      2/1/27 $800,000 3.00% 3.25% AGM
      2/1/29 $850,000 5.00% 3.35% AGM
      2/1/31 $940,000 5.00% 3.51% AGM
      2/1/33 $1,035,000 5.00% 3.61% AGM
      2/1/35 $1,145,000 5.00% 3.68% AGM
      2/1/39 $2,655,000 5.00% 3.81% AGM

      L.O.: Barnes & Thornburg LLP, Indianapolis, IN.

      F.A.: London Witte Group, Indianapolis, IN.

      • The AGM designation you see above refers to bond insurance. Only about 15% of the municipal bonds out there have this insurance, which no doubt speaks to risk and the marketability of the bonds. I have not seen any data on what the insurance added to the cost of this bond issue.

  4. Did the Evansville Redevelopment Commission do a little “Land Banking” of their own?:

    http://vanderburghassessor.org/Default.aspx?PID=82-06-30-029-031.001-029

    Name Searched On:
    ERC I LLC (Legal)

    Current Information

    Entity Legal Name:
    ERC I, LLC

    Entity Fictitious Name:

    Entity Address:
    420 NW Fifth St., Ste 3-B, EVANSVILLE, IN 47708

    General Entity Information:

    Control Number: 1998080179
    Status: Revoked
    Entity Type: Foreign Limited Liability Company (LLC)

    Entity Creation Date: 8/3/1998
    Entity Date to Expire: 6/18/2048
    Entity Inactive Date: 1/7/2016

    Original Creation Date: 6/18/1998
    Original Creation State: VA

    There are no other names on file for this Entity.

    Registered Agent(name, address, city , state , zip):
    ALAN R BRILL
    420 N W FIFTH ST. STE 3-B
    EVANSVILLE , IN 47708

    Principals(name, address, city, state, zip – when provided)
    This Limited Liability Company Does Not Have Managers.

    Transactions:

    Date Filed Effective Date Type
    08/03/1998 08/03/1998 Application for Certificate of Authority
    09/04/2000 09/04/2000 Notice of Change of Registered Office or Registered Agent
    01/07/2016 01/07/2016 Revocation

    Corporate Reports:
    Years Paid
    2000 2002 2004 2006 2008 2010 2012

    Years Due
    2014/2015

    * * * * * * * * * * * * * * * * * * * * * * * * * * *

    As you can see at the top of the page, the Vanderburgh county Assessor this property is still listing ERC I, LLC as the owner of record.

    • The Evansville Redevelopment Commission paid $1,480,000.00 of your money for this property. There are NO property taxes being collected on this property. Another case where taxpayers have been hosed big time while business interests walk away with their pockets full.

      If all the money that has been taken from local taxpayers in the name of “ECONOMIC DEVELOPMENT” had ACTUALLY been used for economic development, Evansville would be the capital of Indiana by now!

  5. I thought Weaver only got physical with women. I hear that the judge sealed one of the restraining orders against him. Both ex-wives have some pretty bad things to say about him. He’s slime.

  6. It appears the CCO is having some IT problems this morning. Looks like Hillary isn’t the only one with server issues.
    The “Is it True?” feature is showing up under the “Featured” heading and the “Daily Off Topic Forum” isn’t functioning.

  7. Since the “Daily Off Topic Forum” feature is,non-functioning today, I’ll post this tidbit here.

    One of the local on-line rags (C&P?, 14WFIE?) has posted that Owensboro’s Mayor Ron Payne is reporting that the renovations/expansion to the Sports Center to accommodate Ron “Sleazeball” Geary’s hockey team are underway and construction of Geary’s,downtown off-track betting facility has started.
    A. It doesn’t surprise me that part of Geary’s “deal” with Owensboro and Payne would be to get a gambling facility.
    B. The announcement appears a tad bit premature. Doesn’t the Commonweath of Kentucky need to approve gaming/gambling facilities first? Oops, I forgot, it’s Ron Payne’s town…

  8. I know a guy who hangs out at the Bokeh Lounge and sees Weaver there a lot, getting drunk. He said that somebody told him he ought to be careful about driving when he’s drunk and Weasel said that EPD Chief Billy Bolin watches out for him. If he kills somebody, I wonder what Bolin will do for him.

    • Don’t forget about Missy Nosby. She boozes at the Bokeh with her pal. I heard they got pulled over once and the cop let them go.

  10. Does anybody know if Dave Clark, the new man on the redevelopment commission has anything to do with Talon Mortgage?

  11. Karma. The Democratic party elite openly opposed Rick Davis. The Democratic party elite got their just reward, Councilman Weaver.

  12. Press, Evansville has the capacity to pay the bonds not because the economy is growing but because the current rate of the local income taxes are only 1 percent. The city and county has to raise this 1 percent because the current limit on property taxation has been met and they do not have the sufficient revenues to fund the governments. (Insufficient funds because they keep spending it on fun and games) The increase will be proposed as needed for essential services. I will end up being used for special interest. New increases will be proposed – and the cycle continues.

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