|

Betrayed by Coco

EDITOR:

I campaigned for EID board member Dale Coco because I believed he would follow through on what he promised — that is to “focus on real solutions to the $370 million debt and stop runaway rate increases.”

However, Dr. Coco voted yes with the other directors while Alan Day and Greg Prada voted no on a shaky $1.5 million project with a 15 to 20-year break-even point. I feel let down. Dr. Coco’s reasoning: “You have to spend money to make money.” Meanwhile, ratepayers will continue to pay for this project for the next 15 to 20 years before it even gets close to break-even.

Director Coco has voted yes on virtually all spending proposals by EID while Day and Prada vote no. Coco has repeatedly defended EID management’s projections for millions of more debt spending. How will we pay for this spending and new debt? On the backs of us rate payers! Dale Coco — you call rate increases and more spending “real solutions” … well, I call it betrayal.

CHRISTINE DRAPER
El Dorado Hills

Short URL: http://www.villagelife.com/?p=41469

This story falls on page "5"
Posted by on Jul 31 2014.
Last Login:
Filed under Commentary, Letters to the Editor. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

1 Comment for “Betrayed by Coco”


DAILYREPUBLIC.com does not necessarily condone the comments here, nor does it review every post. Read our full policy.

  1. El Dorado needs to incorporate and take back it’s own water district. Cut EID loose. We might also consider stopping new development that does not pay it’s way on water infrastructure.

Leave a Reply

Recently Commented

  • sports: Asking questions are actually good thing if you are not understanding something completely, however this post...
  • EDH Parent: And without it there would be no homeowners, schools, roads, or you living here… What’s your...
  • Catie Phemester: BTW – If the developer owns at least 2/3 of the property and votes to put in the Mello Roos,...
  • Sharida Cox: He’d have my vote!
  • Catie Phemester: That is actually incorrect. Cameron Glen and an area next to Target are included with our CFD-1 as...