Thursday, October 1, 2015

Public/Private Partnerships

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Did the city once again get wind of some bill that might help out their goal with Hudson Holdings as it did for the heights amendment that they wanted to crush and ended up holding the results by not sending them to Tallahassee until that law was signed three months after the vote?

But perhaps the bill won't fit the bill--

Hudson Holdings is going to take advantage of HB85 if they can. But what we can surmise is that we have some in our city government working for their self-interests. Although the P3 bill states that public entities must perform an independent analysis of the proposed P3 and demonstrate its cost-effectiveness and overall public benefit, we know, without a shadow of any doubt, that the analysis will show favorable results for Hudson Holdings' goals. Does the city even have to accept their proposal as the ITN is closed? Supposedly this latest offer, two weeks after they withdrew from the ITN, is a totally separate offer. Who asked them to do this? Several meetings ago, commissioner Amoroso wanted to officially close the ITN but he was shut down by the Mayor.

In the bill:
(b) For the preservation, maintenance, and improvement of park land, the property must be at least 20 acres with contiguous public facilities that are capable of seating at least 5,000 people in a permanent structure.

Read the Bill: CS/CS/HB 85

On June 27th, Florida Governor Rick Scott signed a bill into law that gives counties, municipalities, school boards and other political subdivisions in the Sunshine State authority to enter into public-private partnership (P3) agreements for facilities that “serve a public purpose.”  The bill – HB 85 – authorizes P3s for a wide range of facilities, including education facilities, transportation facilities, water / wastewater facilities, roads, highways and bridges, healthcare facilities and sporting or cultural facilities.  The bill does not cover the Florida Department of Transportation or other Florida state agencies. Source:  Infrainsightblog.com

CS/CS/HB 85: Public-Private Partnerships

GENERAL BILL by Appropriations Committee ; Government Operations Subcommittee ; Steube ; (CO-INTRODUCERS) Edwards ; Mayfield ; Moraitis ; Pilon ; Williams
Public-Private Partnerships; Provides legislative findings & intent relating to construction or improvement by private entities of facilities used predominantly for public purposes; provides for procurement procedures, requirements for project approval, project qualifications & process, notice to affected local jurisdictions, comprehensive agreements between public & private entities, use fees, financing sources for certain projects by private entities, & applicability of sovereign immunity for public entities with respect to qualified projects; authorizes counties to enter into public-private partnership agreements to construct, extend, or improve county roads; provides requirements & limitations for such agreements; provides procurement procedures; requires fee for certain proposals; revises limit on terms for leases that Orlando-Orange County Expressway Authority may enter.
Effective Date: 7/1/2013
Last Action: 7/1/2013 - Chapter No. 2013-223
Location: Became Law
Bill Text: PDF


Hudson Holdings - Has Eye on Lake Worth's Casino

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Well, who are they? We know that John Szerdi works for them. We know that Wes Blackman does too. We know that they are buying up a lot of parcels within the City of Lake Worth one of which was  the historic Gulfstream Hotel that they purchased for $7,225,000 million in May of 2014.  Nothing has been done at the hotel since they bought it. They brag about how they are now one of the top taxpayers in the city. What is their goal? To buy up the city? Steven Michael has made his money from development and his Hedge Fund.

Hedge Funds are limited partnerships of investors that use high risk methods, such as investing with borrowed money, in hopes of realizing large capital gains. Could that be what's going on in Lake Worth and other cities or have they actually begun to renovate these properties?

They are spending a ton of money over the last few years. Last year they bought the Sunday House in Delray and promised all sorts of things for it and the surrounding area just like they promised here with the Gulfstream Hotel. All together, 7 acres of property, at Atlantic Avenue and Swinton Avenue, were acquired by affiliates of Hudson Holdings with Hudson spending $22 million. They have submitted plans to Delray that will change the area dramatically. In April 2015, they bought the Starks Building in Louisville for $14.25 million. 

You know what Donald Trump says about Hedge Funds..."They're getting away with murder. They're paying nothing, and it's ridiculous. I want to save the middle class." said Trump. Well Hudson says its "saving our city" and wants to take over at our casino and pool to save us from ourselves even calling WPTV Channel 5 and the Palm Beach Post using them for their purpose and providing embellished and/or false information.  The ITN is over so why is this guy still hanging around?

Below is a synopsis of a complaint that essentially says that Steven Michael failed to observe high standards of commercial honor and just and equitable principles of trade.

Narrative for 0212526 – MICHAEL, STEVEN ALAN **
**COMPLAINT: On October 15, 2012, NFA issued a Complaint charging Stonehenge and Michael with submitting misleading information to NFA about the status of the SD3 pool; failing to observe high standards of commercial honor and just and equitable principles of trade; using inflated figures in its promotional material; aggregating the funds of SD1’s different investment classes together in the SDMaster trading accounts thereby making the equity of participants in investment classes with higher funding levels available to margin the positions of participants in investment classes with lower funding levels; mis-allocating pool funds to pay Stonehenge and Michael’s expenses; making untimely reimbursements and redemptions; using misleading offering memorandum for SD1; and failing to supervise the overall operations of the firm.

The Complaint was filed only a few years ago and NFA charged Stonehenge with failing to obtain acknowledgements confirming that investors met the definition of a QEP. (A QEP is a sophisticated person who participates in a commodity pool or opens a managed account. The categories of persons who qualify as QEPs are listed in CFTC Regulation 4.7(a))

He failed to provide a disclosure document to individuals it solicited to invest in the SD3 pool; submitting inaccurate PQRs; failing to prepare SD1 account statements in accordance with U.S. Generally Accepted Accounting Principles; and allowing SD1 to make a loan to Stonehenge. He was charged $50,000 personally and Stonehenge was charged an additional $50,000.

Michael was charged with failing to abide by the terms of the settlement and Decision in a 2010 BCC case.  What happens if he gets control of our property?

Read about it

You need to know who you are jumping in bed with and no one can really ever figure out hedge fund guys. As Donald Trump further stated, ""The hedge-fund guys didn't build this country. These are guys that shift paper around and they get lucky." We don't want them shifting around any more paper in Lake Worth (how many plans have they told us about now?) and we don't want them "getting lucky" by bulldozing down our Olympic pool and managing our property.

So before this goes any further, let's get a complete background check including five years of financials before three people on a dais can turn over the key to our casino complex.

Safari Night Palm Beach Zoo

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Wednesday, September 30, 2015

Sunset 9-30-15


Clay Glass has another Event downtown Lake Worth

Clay Glass Metal Stone Gallery
Presents
"A Cat-O-Strophic Affair"
Opening Reception Friday, October 2
Show closes October 21
Wine and Cheese Reception 6-10PM
Free to Public  15 South J Street Downtown Lake Worth

Hudson Holdings Letter to the Mayor

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To read the 16 page letter in its entirety, Click here.

The letter was hand-delivered to City Hall sometime on Monday and opened by the Mayor's secretary.  Pam Triolo's secretary had every intention of going over her mail with her on Tuesday but it never happened. I was told that the mayor had not yet seen the letter by Tuesday night's special meeting and therefore was unaware of Hudson's intent.  Silvina did say that it was also e-mailed to the Mayor and that Michael Bornstein had an original of the same letter hand-delivered to him on Monday.

As this was an extremely IMPORTANT letter, it is difficult to understand why this letter was not transmitted quickly to the recipients and leaves one to wonder if they already knew the contents.

Hudson Holdings plans on taking advantage of a law enacted in 2013 on public/private partnerships.

The Five Year Plan - Michael Bornstein

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Michael Bornstein was hired on April 16, 2012.
When he arrived he stated that he had a 5 year plan to "save" the city. We were all very much aware that we had big problems with slum, blight and crime and assumed he meant that as well as helping Scott Maxwell with his goals of development.
He has been here now for 3.5 years.
How is he doing?

The Hudson Holdings Boyz

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Heavy hitters
Former commissioner John Szerdi, Blake Macdiarmid, Steven Michael

Well we know who Szerdi and Michael are but do you know who Blake Macdiarmid is?

When a political consultant in 2013 sued Palm Beach County Court Judge Marni Bryson for non-payment, Bryson's attorney claimed it was a shakedown without any merit. Macdiarmid was married to Judge Bryson at that time. He met her when he was her campaign consultant in 2010 while he was still married to Dorothy. Bryson and Macdiarmid married in 2013. In 2014, Judge Bryson divorced him for "cheating on her." Source:  Jose Lambiet

MacDiarmid served as lead consultant for the successful passage of a $24 million parks and community ballot referendum, was chief strategist with the City of Fort Lauderdale to pass a critical $40 million public safety ballot issue, and has also worked as a strategist with Lynn University, the Republican Party, Florida on the Move and business and neighborhood advocacy groups. Source: Old faithful Ins

In March 2014, Scott Maxwell paid MacDiarmid $3,000 for campaign services and consulting. He also helped mayor Pam Triolo in her campaign.

So, Hudson Holdings has brought in the heavy hitter. This would not be happening without the cooperation of some big wigs in the city.

Read about the heavy hitter Blake Macdiarmid.

Quote of the Day - Obama

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During this debate the word "clown" has been tossed about by Trump.  Well, we already have our very own elected one now giving the world a lecture. Christians are not the ones going around beheading people and raping children. The flavor of the day is ISIS and Muslim radical extremists who are hell bent on conquering the world. Obama continues to miss the big picture.

“Violent extremism is not unique to any one faith, so no one should ever be profiled or targeted simply because of their faith."

~ Obama
 Obama said this yesterday as he chaired the U.N. Leaders’ Summit on Countering ISIL and Violent Extremism.

Read what the British Prime Minister had to say.

Tuesday, September 29, 2015

Sunset 9-29-15

Sunset at 6:45

Sky at 7:16...Incredible

Hudson Holdings is Baaaack

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Another Jihadist Religious Nut

The world has never seen an enemy like this. How do you conquer this extremism? We had better figure out a way because they will soon be on our soil, if not already here, because of our whacked out politically correct and insane policies.

Risk Management Renewal for Lake Worth

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City staff gets a lot of help from outside consultants...this is just one more example of contracting with experts:

They need additional risk management consultant services including, without limitation, acting as the City’s liaison with the City’s third party administrators for claims, developing claims and insurance budget for each fiscal year and providing claims analysis for City staff.

Up for renewal tonight is the contract with Ben Few & Company, Inc. (“Ben Few & Company”) for full-time Risk Management Consulting Services in the amount of $60,000 leaving a balance of $40,000 in our HR Risk Management Budget 2016.

Full Version Back-Up

Marco told us about Putin

Quote of the Day - Bill Ayers

“I think labels are weak and lazy, and they don’t capture the complexity of what it means to be a First Amendment fundamentalist that is also a socialist, anarchist and communist. But I am all of those things.”

 ~ Bill Ayers

 Self described communist revolutionary who was behind the bombing of public buildings (including police stations, the U.S. Capitol Building, and the Pentagon), during the 1960s and 1970s in response to U.S. involvement in the Vietnam War. He was a part of the SDS, a radical socialist educational organization and the militant underground Weathermen organization behind bombings, jailbreaks and riots. Now he is taking credit for the election of Obama.

Read about Bill Ayers

Morning clouds 9-29-15

Sunrise 9-29-15

What World Leader is this?

Monday, September 28, 2015

Tonight's Sky

The best I could do with no sunset and heavy cloud cover.

Sheriff cracks down in Lake Worth

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PBSO in Lake Worth did its job, at last.

Read about the recent arrests mostly involving drugs, thus removing these low-lives off the streets of our city.

Let's hope that the PBSO makes this a standard and on-going operation.