Archive for the ‘UC Improvement Authority’ Category

UCCF 9/14/17: Roselle Mind/Body Vote Videos

Roselle is moving up to their debt ceiling with this sale (as taken from the EMMA website):

BOROUGH OF ROSELLE COUNTY OF UNION, NEW JERSEY BOND ANTICIPATION NOTE (NJ)

ROSELLE NJ BD ANTIC NTS (NJ)*
CUSIP:

Dated Date: 09/18/2017
Maturity Date: 09/14/2018
Coupon: 2.25 % 
Principal Amount At Issuance: $8,799,707
Initial Offering Price: 101.065
Initial Offering Yield: 1.16

No matter what any Friends of Holley from Elizabeth or the Irvington DPW might tell you, Roselle is maxed out and this project will push them over the edge to bankruptcy. A lot of residents are fighting back but it is not enough.

In order of appearance:
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UC Backing Roselle Mind/Body Complex

Was there ever any doubt?
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Let the campaign donors rejoice:
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There were about 30 speakers on the issue as both sides mobilized, all of whom you will see in separate youtubes, but here is a taste:
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Roselle Mind/Body Resolution Back On

The last resolution on the agenda for tonight’s freeholder meeting:

2017-764 Resolution of the Board of Chosen Freeholders of the County of Union, State of New Jersey, consenting to the issuance of County Guaranteed Lease Revenue Bonds, Series 2017 (Borough of Roselle Community Center and Library Project) by the Union County Improvement Authority, the construction of facilities and the execution of a lease agreement with the Borough of Roselle in connection therewith in accordance with N.J.S.A. 40:37A-56.

Roselle Mind & Body Complex Update – Part B

At the Roselle Board of Education meeting yesterday there was a handout circulated of a letter dated March 7, 2014 from Bernard E. Piaia, Jr, Director of the Office of School Facilities within the New Jersey Department of Education to Dr. Kevin West, Superintendent of the Roselle School District for this project:

at this cost:

But with the state involved it is unlikely that the people who donated to political campaigns in Roselle would have gotten to build this project.

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Roselle Mind & Body Complex Update – Part A

There was a Roselle Board of Education meeting tonight which included  this resolution (page 6 of the agenda):

IV. RESOLUTION AUTHORIZING EXECUTION OF AN AMENDMENT TO A GROUND LEASE AGREEMENT BETWEEN THE ROSELLE BOARD OF EDUCATION AND THE BOROUGH OF ROSELLE, AUTHORIZING EXECUTION OF A LEASE AGREEMENT WITH THE UNION COUNTY IMPROVEMENT AUTHORITY, AND AUTHORIZING CERTAIN OTHER ACTIONS, ALL IN CONNECTION WITH THE CONSTRUCTION OF AN EARLY CHILDHOOD EDUCATION CENTER.

which precipitated some discussion:
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UCCF 8/17/17: Roselle Mind & Body Complex Pushback

No resolution on the agenda but several Roselle residents came out tonight against the Mind & Body Complex.

By order of appearance or, as you will see in the second video, disappearance:

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UCCF 8/10/17: Not the Meeting Most Expected

There was supposed to be a special meeting tonight where:

Official action will be taken relative to the following resolution:

CONSENTING TO THE ISSUANCE OF COUNTY GUARANTEED LEASE REVENUE BONDS, SERIES 2017 (BOROUGH OF ROSELLE COMMUNITY CENTER AND LIBRARY PROJECT) AND COUNTY GUARANTEED LEASE REVENUE BONDS, SERIES 2017 (ROSELLE BOARD OF EDUCATION EARLY CHILDHOOD LEARNING CENTER PROJECT) BY THE UNION COUNTY IMPROVEMENT AUTHORITY AND THE CONSTRUCTION OF FACILITIES AND EXECUTION OF LEASES IN CONNECTION THEREWITH IN ACCORDANCE WITH N.J.S.A. 40:37A-56

But when the public gathered for the meeting they found this:

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