|

Parker Development in the EID race

EDITOR:

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.

Craig Petersen
El Dorado Hills

Short URL: http://www.villagelife.com/?p=35386

This story falls on page "5"
Posted by on Oct 10 2013.
Last Login:
Filed under 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

Leave a Reply

Recently Commented

  • Janelle: Hi there, this weekend is pleasant in support of me, since this moment i am rezding this great informative...
  • Doug Hus: When our water rates go up for EVERY OTHER REASON (like they have been), we will have Coco, George and...
  • M.D.: Not to worry, I am sure the government will buy this project when it sits empty for low income housing to make...
  • been there: the EDSO already has an operating facility at the end of industrial dr. I was arrested on trumped up...
  • Bob Summers: Hi Julie, First the folks at our Unveiling Common Core are not the authors of the standard, they were on...