I would suspect that FNBR made this loan as part of their required "community reinvestment act" that every bank must do..... and in the interest of good public commitment.... I would also give FNBR the benifit of the doubt in that I would think that in reviewing the loan documents if you saw that the City and County were both in defacto the co-signers, one would have to conclude this was a no risk loan.......
Curious if YVHA has liability insurance on its board of Directors????
Although a non profit enjoys limited liability... I believe< and correct me if I am wrong, that this principle applies, however, only when the board has fulfilled its basic duties, such as the duty of care. Board members are legally bound to "exercise reasonable care when he or she makes a decision for the organization. Reasonable care is what an 'ordinarily prudent' person in a similar situation would do."
I would think that they may have some exposure following this plan with the bank
Last weeks decision was a testing of the waters..... now that its ok to dump all your responsibilites and debts into an entity designed to fail.... and walk away...
You think anyone in the coporate world was watching ????
Peabody created Patriot coal and gave it 21,000 PEABODY retirees with it and very little in assets... under the bankruptcy these people will have their healthcare & benefits cut by 75%...
Pretty funny to hear Peabody say in your article "Peabody Energy has stated it will continue to live up to its obligation". Question: What about all the men & women who help create & build Peabody coal in the first place??????????
The greatest of all of our rights as American Citizens is that of free speech and thought.... Mr Rummel has every right to excise both...... the other great voice we all have is that of our elected officials...... and with that comes the right to vote..... and if the outcome of elected officials do not match your beliefs then you every right to say something about it.....
Being as Craig has no other issues to deal with ..that the economy there is booming and everything is just fine... I guess they have the time to look at this...
I guess alot of people in Craig & Hayden did not notice what Peabody & Patriot Coal got away with last week in Federal Bankruptcy court. I would think they have bigger issues to be ooking at down the road......
If the city does ignore the committee's recommendation and decides to fund the Yampa street promenade then those funds should be only spent on city owned property and right of way... not a dime on buying privately owned... if the a property owner wants to participate they are certainly welcome to "donate" that section to the city... not a dime of public funds should be spent on acquisition or improvement on privately owned property.
The lodging tax was collected by the lodging community not the retail and I would submit that those funds be spent to get the biggest bang for those who collect it.
John St Pierre 2 days, 12 hours ago on Steamboat Springs bear euthanized while in tree
Steamboat Springs bear euthanized while in tree
Amen to that!!!!!!
John St Pierre 3 days, 22 hours ago on Our View: Yampa Valley Housing Authority's foolish gamble
Our View: Yampa Valley Housing Authority's foolish gamble
WHO is on the board at present???? Pilot should at least publish who is on the YVHA board
the city has been advertising to fill a seat for months... no one applied????
John St Pierre 4 days, 23 hours ago on 4 transported to hospital after explosion at The Pines condominiums
4 transported to hospital after explosion at The Pines condominiums
Its called thinning the Gene Pool.....
John St Pierre 1 week, 1 day ago on Our View: Yampa Valley Housing Authority's foolish gamble
Our View: Yampa Valley Housing Authority's foolish gamble
I would suspect that FNBR made this loan as part of their required "community reinvestment act" that every bank must do..... and in the interest of good public commitment.... I would also give FNBR the benifit of the doubt in that I would think that in reviewing the loan documents if you saw that the City and County were both in defacto the co-signers, one would have to conclude this was a no risk loan.......
John St Pierre 1 week, 3 days ago on Our View: Yampa Valley Housing Authority's foolish gamble
Our View: Yampa Valley Housing Authority's foolish gamble
Curious if YVHA has liability insurance on its board of Directors???? Although a non profit enjoys limited liability... I believe< and correct me if I am wrong, that this principle applies, however, only when the board has fulfilled its basic duties, such as the duty of care. Board members are legally bound to "exercise reasonable care when he or she makes a decision for the organization. Reasonable care is what an 'ordinarily prudent' person in a similar situation would do."
I would think that they may have some exposure following this plan with the bank
John St Pierre 1 week, 4 days ago on Yampa Valley Housing Authority to suspend Elk River Village loan payments
Yampa Valley Housing Authority to suspend Elk River Village loan payments
Looking at the YVHA website I see that one its Board of Directors is an FNBR employee ...now thats awkward to say the least....
John St Pierre 1 week, 6 days ago on Peabody Energy assets in Routt County are unaffected by Patriot Coal bankruptcy
Peabody Energy assets in Routt County are unaffected by Patriot Coal bankruptcy
Last weeks decision was a testing of the waters..... now that its ok to dump all your responsibilites and debts into an entity designed to fail.... and walk away...
You think anyone in the coporate world was watching ????
Peabody created Patriot coal and gave it 21,000 PEABODY retirees with it and very little in assets... under the bankruptcy these people will have their healthcare & benefits cut by 75%...
Pretty funny to hear Peabody say in your article "Peabody Energy has stated it will continue to live up to its obligation". Question: What about all the men & women who help create & build Peabody coal in the first place??????????
John St Pierre 1 week, 6 days ago on Our View: Mandatory gun ownership is un-American
Our View: Mandatory gun ownership is un-American
The greatest of all of our rights as American Citizens is that of free speech and thought.... Mr Rummel has every right to excise both...... the other great voice we all have is that of our elected officials...... and with that comes the right to vote..... and if the outcome of elected officials do not match your beliefs then you every right to say something about it.....
Being as Craig has no other issues to deal with ..that the economy there is booming and everything is just fine... I guess they have the time to look at this...
I guess alot of people in Craig & Hayden did not notice what Peabody & Patriot Coal got away with last week in Federal Bankruptcy court. I would think they have bigger issues to be ooking at down the road......
http://www.stltoday.com/business/local/patriot-can-sever-mine-workers-contract-cut-retiree-benefits-judge/article_41bd96a9-287f-5f8b-b21f-ede5f9ecdb9b.html
John St Pierre 1 week, 6 days ago on Our View: Mandatory gun ownership is un-American
Our View: Mandatory gun ownership is un-American
Mr Hartless
Please leave the Dogs out of this... they are regulated enough !!!!
but that is an idea..
John St Pierre 3 weeks, 3 days ago on Our View: Council wastes committee’s time
Our View: Council wastes committee’s time
If the city does ignore the committee's recommendation and decides to fund the Yampa street promenade then those funds should be only spent on city owned property and right of way... not a dime on buying privately owned... if the a property owner wants to participate they are certainly welcome to "donate" that section to the city... not a dime of public funds should be spent on acquisition or improvement on privately owned property. The lodging tax was collected by the lodging community not the retail and I would submit that those funds be spent to get the biggest bang for those who collect it.