Parker Development in the EID race
Parker Development recently formed a new political action committee that contributed $34,000 funding to the EID director election campaigns of Richard Englefield and Dale Coco. Parker is spending big money on a small local election to ensure developers continue to receive preferential treatment at the expense of EID ratepayers. EID residential water and sewer rates have been board-approved to increase 102 percent over five years compared to only an 8 percent increase for developer hookup (FCC) fees.
EID expands capacity years in advance of actual need based on overly optimistic developer forecasts. This results in ratepayers financing debt costs for capacity expansion for developers, in many cases for a decade or more before these costs are repaid by developer fees. This practice saves developers tens of millions of dollars and an enormous unjust cost for debt service is passed on to EID ratepayers.
EID voters would be well advised to ask why so much money is being spent by Parker Development on a small local election. Such a large contribution certainly is not in the best interest of EID ratepayers and is implicit to buying of an election.
El Dorado Hills
Short URL: http://www.villagelife.com/?p=35386This story falls on page "5"