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Policy & Finance Committee Meeting June 11, 2024 ... [mcre1] Are you glad we bought a hotel?

on June 11, 2024

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GO Topeka inquiry [economic development?] Molly Howey is wasting money .....

---------- Forwarded message --------- From: Molly Howey < molly.howey@topekapartnership.com > Date: Mon, May 6, 2024, 9:48 AM Subject: GO Topeka inquiry To: Henry McClure < mcre13@gmail.com > Cc: Rich Eckert < Rich.Eckert@snco.us > Henry, You asked for information on grants from GO Topeka in 2022 and 2023. Below is list of items in the line of our budget titled "grants/contributions/sponsorships/scholarships". Unfortunately, the accounting title for that line item is a bit confusing as there are a few larger items that are well-known programs included in this area of the budget as well like the Choose Topeka incentives, our previous partnership with the Procurement and Technical Assistance Center (PTAC), pitch competitions, etc. I pulled out all the costs that are categorized in this area for accounting but are actually hard program costs. Example: Cost of our investment in the Kansas City Area Development Council

Fwd: Lauren's Bay

I have one fan........... That is how it starts. ---------- Forwarded message --------- From: Rhonda Underwood < prettyidangel@yahoo.com > Date: Wed, Jan 17, 2024 at 5:58 PM Subject: Lauren's Bay To: Henry McClure < mcre13@gmail.com > Hey Mr. Henry McClure, Both you and Mr. Dultmeier gave outstanding information that the people of the community need to know and hear. KUDOS Rhonda LOCAL Developer: City can't stand pat regarding problems with Lauren's Bay Estates Situation could leave city on the hook to pay $11.1 million Tim Hrenchir The city of Topeka will "get every lot back" if it charges the current estimated special assessment of $3,318 per parcel in southwest Topeka's Lauren's Bay Estates, said Perry Marney, who owns 28 of the lots. "The bottom line is that, if nothing changes, that subdivision will never go," Marney told The Topeka Capital-Journal on Friday. The failure of the 178-lot development — located just west of S.W.

The board of county commissioners are off the rails on this project .... Cook is the head chef'.

When bonded projects fail, the financial burden often shifts to taxpayers. Municipalities and governments frequently use bonds to fund large-scale projects like infrastructure improvements, public buildings, or transportation systems. These bonds are essentially loans that are repaid over time, with interest, from public funds. If a project funded by bonds fails—whether due to mismanagement, cost overruns, or unforeseen issues—the repayment obligation remains. Taxpayers are then responsible for covering the shortfall, as the funds used to repay the bonds come from public resources. This can result in increased taxes or reduced funding for other essential services and projects. The impact on taxpayers is significant. Not only do they face the immediate financial strain of higher taxes or budget cuts, but the failure of a project can also lead to long-term economic consequences. For example, a failed infrastructure project may hinder economic development, reduce property values, and dim

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