PLEASE PUT ON YOUR CALENDAR... SPECIAL STUDY SESSION
To Be Discussed:
Investment Strategy Recommendations of Schwartz and Company regarding the proceeds of the Pension Obligation Bonds Sale as well as the annual Fiduciary Review.
Any early birds??? 8 AM... Monday, Nov. 11, 2013. Can you make this SPECIAL STUDY SESSION MEETING? It is a PUBLIC MEETING.
I'm sure IF MANY people attend...the administration will hopefully move the meeting to the township hall meeting room.... otherwise... the study session will be held in the conference room..... where the trustees, etc. sit at a conference table.... and YOU sit on a chair along the wall.
Since it is a public meeting... you should be able to make a comment/ask a question.
A LOT of money from the Pension Obligation Bond sale... (question: WHEN is the $85 million bond sale? or DID the bond sale already happen?.... ) HOW is this $$$ going to be invested?
Please, someone other than the 7 trustees needs to be there...taking notes. I hope the PRESS will attend... listen/ask questions and write their own article... not accepting any preprinted press release.
THIS IS ANOTHER PUBLIC MEETING THAT SHOULD BE MANDATORY FOR THE TOWNSHIP TO RECORD AND ARCHIVE AND PUT ON CABLE TV AND ON THE WEBSITE...therefore, it should be held in the township hall meeting room.
In fact, I think this should be discussed as an agenda item at a regularly scheduled meeting. I wish many of you would call or email (see the township 7 email addresses in this email heading) and request that this meeting be audio/video recorded.
Trust me.... everyone should have MORE than the written minutes for the information given at study session special meetings. It is OUR taxpayer money... and OUR debt of 85 million in bond sales.....along with the OTHER 150 million in bond debt already on the books.
Question: Should we hear from OTHER financial groups on their recommendations for investments? Are there CHOICES of who to invest with/ how much/ in what way/ etc? Should WE know and hear and see the complete fiduciary review?
Question: Do you think your assessed value of your home is high? The township NEEDS money to pay for all the borrowed funds and all the employee contract promises....not only payroll/health benefits/pensions, but also including vehicle perks and tuition reimbursements among other things. When you go to sell your house... you MAY be surprised at the offer price. Want to know more about how much $$$$ in ASSESSMENTS in the township for your house or others? go to this link: https://is.bsasoftware.com/BSA.IS/default.aspx and click on the many choices in the left hand column for information. ONE of the links shows what your assessed value was for every year since 2000. What is YOUR assessed value today compared to 2008? Do you think you can sell your house for that much today? ONE of the links will tell you for how much and when the property LAST sold... Play around with the assessing link.
FYI: Coming up AFTER this meeting... sometime in Nov./Dec. will be the preliminary budget proposal for 2014-2015. What will that say?
Also NOT mentioned so far by the trustees... 3 millages that expire in 2013.... last payment for those should be the December 2013 winter bill. Are more millage requests in our future? WHEN?
REMINDER: Monday, November 11 @ 8 AM.... morning !!! Try to attend this SPECIAL STUDY SESSION meeting.
Charter Township of Bloomfield
Board of Trustees
Notice of Special Study Session
Monday, November 11, 2013
To Be Held In The Township Conference Room (Upper Level) At 4200 Telegraph Road
To Be Discussed:
Investment Strategy Recommendations of Schwartz and Company regarding the proceeds of the Pension Obligation Bonds Sale as well as the annual Fiduciary Review