Wednesday, April 12, 2017

No Show!

The agenda for today meeting of the Mississippi Development Bank's Board of Directors contains nothing about the city of Jackson's attempt to borrow $90 million for infrastructure projects. The deadline to submit i‎tems to be placed on the agenda was Friday.

 The city council met in a special meeting Friday to discuss yet again borrowing $90 million.  An audio recording is the only record available of the meeting.



The city council discussed borrowing $90 million for an hour before it decided to send Ward 2 Councilman Melvin Priester, Jr. to meet with a representative of the commission.  However, it is not clear when the meeting will take place.  Mayor Tony Yarber cancelled the regular meeting of the commission that was supposed to take place last week.  The next regular meeting is scheduled for May 3 - the day after the election. 


 The discussion about the loan focused on the TIGER grant projects. The TIGER grant projects will cost $38.5 million and thus eat up nearly half of a proposed $80 million loan.  The grant will fund a desperately needed improvement for North State Street from Sheppard to Hartfield.  However, the grant will also fund the extension of West County Line Road from its current east end to North State Street.  The extension will cross a railroad so the grant will also pay for the construction of an overpass for the railroad line.  Jackson officials cite the cost of these two projects as the main reason for borrowing $90 million against the 1% sales tax revenue.

The grant will fund a desperately needed improvement for North State Street from Seneca to Hartfield.  However, the grant will also fund the extension of West County Line Road from its current east end to North State Street.  The extension will cross a railroad so the grant will also pay for the construction of an overpass for the railroad line itself.  The railroad will pass over the new road.  See the map posted below:


The deadline for the completion of the final design for the TIGER grant projects is June 7.  The completion date for the projects is September 1, 2019.   Here is a list of the various funding sources for the TIGER grant projects:

TIGER grant: $19.5 million
City's match (using 1% funds): $4 million
Additional federal funds: $5 million
Additional funds from Jackson: $10 million.
Total cost of TIGER grant projects: $38.5 million

Ward 1 Councilman Ashby Foote asked (22:00) why the city didn't just borrow $10 million to cover its remaining share of the TIGER grant projects.  However, Ms. Jones told him that the city wanted to borrow more money to fund additional projects although none were actually specified.  Earlier post on TIGER grant projects.  The $90 million will include $10 million that will be used as a reserve.

Kingfish note: Sources say that the Mississippi Development Bank wants the commission and council to agree on a plan before it approaches the bank about borrowing $90 million.  What is funny is seeing the city council now attempt to meet with the commission.  None of the city council members attend the meetings.  They don't ask for updates.   Any commissioners that attempt to provide information to the city council are told to do it during public comments.  The proper forum for such a discussion would be the work session but the city council deems itself above such discussions. 

Don't be surprised if the commission turns down the offer to meet and instead tells Mr. Priester to get on the agenda for it's next meeting.

10 comments:

Anonymous said...

The city did not have to apply for the loan, it was printed in the Clarion Ledger.

Anonymous said...

What does this mean? No 90mil? no roads fixed? What.....?

Anonymous said...

The city did not "have to" apply for the loan, or the city did not "actually apply for" the loan, yet at least ? I read the CL article to say that the Miss. Dev. Bank's Board of Directors said they wanted the 1% Commission to be on board with or approve of the loan before they would consider granting one and that the City Council has appointed one of its own to go meet with the 1% Commission members to try to get them in support of the loan first. But maybe I read the article wrong.

Anonymous said...

This sounds like grandstanding by the City of Jackson. We say one thing and (wink, wink), and do another. It would be foolish and political suicide to seek a $90 minute loan so close to an election.

Anonymous said...

The lead-in to this thread says ZERO about the purpose or logistics of any loan. I guess, as usual, I'm expected to 'Do your own research, dumbass, or either read the Jambalaya archives'.

Anonymous said...

Seeking and receiving are two different things. My guess is that this is just a first step.

Anonymous said...

2:21 --

I haven't lived in the Jxn area for 3 years. I keep up with stuff by reading this blog.

Yes, the rocket scientist Democrats who run Jackson think the solution to awful streets is to borrow $90 million.

I read about it on JJ.

Anonymous said...

I wonder if the current attorney, whoever it is, was pushing to do the loan now so that they would receive a fat commission. They may not be here next Administration. I bet we are talking hundreds of thousand of dollars.

Anonymous said...

The lead-in to this thread says ZERO about the purpose or logistics of any loan. I guess, as usual, I'm expected to 'Do your own research, dumbass, or either read the Jambalaya archives'.

Yes, yes you are and next time please stop bitching about your need to bring yourself up to speed.

Alternately, your other option is to read JJ everyday to stay current on the subject matter discussed here.

Anonymous said...

KF - never knew you were so bad at math or so embarrassed to
Post comments that showed how bad your math is.

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Trollfest '09

Trollfest '07 was such a success that Jackson Jambalaya will once again host Trollfest '09. Catch this great event which will leave NE Jackson & Fondren in flames. Othor Cain and his band, The Black Power Structure headline the night while Sonjay Poontang returns for an encore performance. Former Frank Melton bodyguard Marcus Wright makes his premier appearance at Trollfest singing "I'm a Sweet Transvestite" from "The Rocky Horror Picture Show." Kamikaze will sing his new hit, “How I sold out to da Man.” Robbie Bell again performs: “Mamas, don't let your babies grow up to be Bells” and “Any friend of Ed Peters is a friend of mine”. After the show, Ms. Bell will autograph copies of her mug shot photos. In a salute to “Dancing with the Stars”, Ms. Bell and Hinds County District Attorney Robert Smith will dance the Wango Tango.

Wrestling returns, except this time it will be a Battle Royal with Othor Cain, Ben Allen, Kim Wade, Haley Fisackerly, Alan Lange, and “Big Cat” Donna Ladd all in the ring at the same time. The Battle Royal will be in a steel cage, no time limit, no referee, and the losers must leave town. Marshand Crisler will be the honorary referee (as it gives him a title without actually having to do anything).


Meet KIM Waaaaaade at the Entergy Tent. For five pesos, Kim will sell you a chance to win a deed to a crack house on Ridgeway Street stuffed in the Howard Industries pinata. Don't worry if the pinata is beaten to shreds, as Mr. Wade has Jose, Emmanuel, and Carlos, all illegal immigrants, available as replacements for the it. Upon leaving the Entergy tent, fig leaves will be available in case Entergy literally takes everything you have as part of its Trollfest ticket price adjustment charge.

Donna Ladd of The Jackson Free Press will give several classes on learning how to write. Smearing, writing without factchecking, and reporting only one side of a story will be covered. A donation to pay their taxes will be accepted and she will be signing copies of their former federal tax liens. Ms. Ladd will give a dramatic reading of her two award-winning essays (They received The Jackson Free Press "Best Of" awards.) "Why everything is always about me" and "Why I cover murders better than anyone else in Jackson".

In the spirit of helping those who are less fortunate, Trollfest '09 adopts a cause for which a portion of the proceeds and donations will be donated: Keeping Frank Melton in his home. The “Keep Frank Melton From Being Homeless” booth will sell chances for five dollars to pin the tail on the jackass. John Reeves has graciously volunteered to be the jackass for this honorable excursion into saving Frank's ass. What's an ass between two friends after all? If Mr. Reeves is unable to um, perform, Speaker Billy McCoy has also volunteered as when the word “jackass” was mentioned he immediately ran as fast as he could to sign up.


In order to help clean up the legal profession, Adam Kilgore of the Mississippi Bar will be giving away free, round-trip plane tickets to the North Pole where they keep their bar complaint forms (which are NOT available online). If you don't want to go to the North Pole, you can enjoy Brant Brantley's (of the Mississippi Commission on Judicial Performance) free guided tours of the quicksand field over by High Street where all complaints against judges disappear. If for some reason you are unable to control yourself, never fear; Judge Houston Patton will operate his jail where no lawyers are needed or allowed as you just sit there for minutes... hours.... months...years until he decides he is tired of you sitting in his jail. Do not think Judge Patton is a bad judge however as he plans to serve free Mad Dog 20/20 to all inmates.

Trollfest '09 is a pet-friendly event as well. Feel free to bring your dog with you and do not worry if your pet gets hungry, as employees of the Jackson Zoo will be on hand to provide some of their animals as food when it gets to be feeding time for your little loved one.

Relax at the Fox News Tent. Since there are only three blonde reporters in Jackson (being blonde is a requirement for working at Fox News), Megan and Kathryn from WAPT and Wendy from WLBT will be on loan to Fox. To gain admittance to the VIP section, bring either your Republican Party ID card or a Rebel Flag. Bringing both and a torn-up Obama yard sign will entitle you to free drinks served by Megan, Wendy, and Kathryn. Get your tickets now. Since this is an event for trolls, no ID is required. Just bring the hate. Bring the family, Trollfest '09 is for EVERYONE!!!

This is definitely a Beaver production.


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Trollfest '07

Jackson Jambalaya is the home of Trollfest '07. Catch this great event which promises to leave NE Jackson & Fondren in flames. Sonjay Poontang and his band headline the night with a special steel cage, no time limit "loser must leave town" bout between Alan Lange and "Big Cat"Donna Ladd following afterwards. Kamikaze will perform his new song F*** Bush, he's still a _____. Did I mention there was no referee? Dr. Heddy Matthias and Lori Gregory will face off in the undercard dueling with dangling participles and other um, devices. Robbie Bell will perform Her two latest songs: My Best Friends are in the Media and Mama's, Don't Let Your Babies Grow up to be George Bell. Sid Salter of The Clarion-Ledger will host "Pin the Tail on the Trial Lawyer", sponsored by State Farm.

There will be a hugging booth where in exchange for your young son, Frank Melton will give you a loooong hug. Trollfest will have a dunking booth where Muhammed the terrorist will curse you to Allah as you try to hit a target that will drop him into a vat of pig grease. However, in the true spirit of Separate But Equal, Don Imus and someone from NE Jackson will also sit in the dunking booth for an equal amount of time. Tom Head will give a reading for two hours on why he can't figure out who the hell he is. Cliff Cargill will give lessons with his .80 caliber desert eagle, using Frank Melton photos as targets. Tackleberry will be on hand for an autograph session. KIM Waaaaaade will be passing out free titles and deeds to crackhouses formerly owned by The Wood Street Players.

If you get tired come relax at the Fox News Tent. To gain admittance to the VIP section, bring either your Republican Party ID card or a Rebel Flag. Bringing both will entitle you to free drinks.Get your tickets now. Since this is an event for trolls, no ID is required, just bring the hate. Bring the family, Trollfest '07 is for EVERYONE!!!

This is definitely a Beaver production.

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