Under the Guise
of
Economic Development
I received the e-mail that is copied and pasted below.
Has all those highly educated and motivated progressives with their economic development plans in Olathe done any favors for the common people known as the taxpayers?
Has been buying a multi-million dollar piece of property with out an evaluation been beneficial to the taxpayers?
Have those highly educated progressives progressed anything other than waste?
Has their investment of Millions of dollars that now has a value of 25 cents on the dollar been a good investment for the taxpayers?
I know the supposed elite of Elk County don't seem to like questions, and I don't think they want you thinking for yourself. But I do ! You foot the bill for their big ideas, don't you.
In fact I think those same people want this thread shut down for the reasons of asking questions.
Please pay no mind to me. I'se not highly educated with one of them PHD or MD's or BA's or AA's, so you just keep on keeping on.
You decide is Olathe on the right track !!Here is the e-mail:
My oath is not up for renewal. by nolathe
Johnson County Board of County Commissioners have now disclosed that the King Louie Property is currently worth $850,000 assuming the demolition of the King Louie Building at an estimated expense of $400,000.
So let me get this straight. We are still paying interest on the $3,600,000 that we have already spent and if we spend another $400,000 (making $4,000,000 total) we'll have something valued at 21.25% of our investment? Sound impossible, even for government? Here is what we discovered.
Because the initial purchase was made with cash tax dollars, no one thought or were required to have an appraisal of the property. (Confirmed by KORA request)
The leasing bank failed their fiduciary responsibilities to acquire an appraisal to ensure the funds were secured by a like valued asset. (Confirmed by KORA request)
After nearly 3 years of public resistance/resentment following this purchase and repairs, JoCo BOCC is attempting again to legitimize this failure of due diligence. On December 18, 2014 the existence of an appraisal was made known in an attempt to justify even more money.
NOlathe executed a lawful KORA request and received this 100 page document dated April 9, 2014 201408FormerKingLouieAppraisalReportwithPIV just a few highlights:
Page 38- "The improvements are in a shell condition, and it is not likely that the property can continue to support the existing improvements well into the future. The building itself has exhausted its useful life and has many characteristics that pose serious challenges for conversion."
Page 47- "Our value of the subject property with the current improvements in place is $550,000. The value of the subject property as a cleared vacant site ready for redevelopment based on the land value estimated in the following section of this report, less the demolition costs of the existing building is $850,000. Based on these estimations, it appears the current improvements do not contribute additional value to the site. We have concluded the highest and best use of the subject property to be razing the existing improvements for redevelopment to a residential use."
______
So this 1959 steel and concrete building albeit iconic is wore out.
After $3,600,000 already expensed the property is only worth $550,000? But if we spend another $400,000 it might be worth $850,000?
One year ago we sued JoCo BOCC for violating The Home Rule Charter for the methods they used in replacing the County Mental Health Commission. Even though we had shown the JoCo BOCC two lawful methods to accomplish the same result, many felt we were anti Mental Health. So here we go again, many will believe we are anti Parks and Recreation.
My oath is not up for renewal every four years. Mine lasts a lifetime. Our next post will reveal more KORA information regarding this near panic to bring Parks and Rec in to King Louie January 2015.
"Life, Liberty and the Pursuit of Anyone Who Threatens It"
Ken Dunwoody GOD
Henpecked Acres One Nation
14850 W. 159th St.
Olathe, Ks. 66062
(913)768-1603
kdunwoody2@aol.com
http://NOlathe.net XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXxIs this what Elk County be looking forward to next year with a new county commissioner?
Spend thousands of dollars on an Elk County Economic Development Employee and get nothing for our tax dollars. Previous Elk County Economic Development Employee's have accomplished nothing have they?
If our local business need more business to make more profit they have the Chamber of Commerce to turn to, don't they?
Simply Ask what is their Chamber of Commerce accomplishing?
Ask should the common man that purchases from the business' be required to pay higher property taxes or any taxes to improve the merchants bottom line on top of what they already spend in their stores?
Food for thought, isn't it?
