Opinion: IVGID residents should get to vote on proposed bonds
At the July 27 IVGID meeting, among other general business items, the board will be presented with recommended approval of the district’s updated District Debt Management Policy and Indebtedness Report, as of June 30, for filing with the Nevada Department of Taxation and Washoe County Clerk; as well as approval of the district’s Five Year Capital Improvement Plan and related funding proposals for fiscal years starting 2016-2017.
According to the agenda for the meeting, as well as documents online on the IVGID website, within the 5-year plan is a series of proposed bonds to help fund projects at the Mountain Golf Course, Incline Beach and Diamond Peak Ski Resort. The total value of those bonds, when added up, equals $8.865 million.
Visit bit.ly/29NMIRr to download a PDF of the proposed 5-year plan, and visit bit.ly/1OCTI2M to download the agenda for the July 27 meeting (and associated agenda packet materials, once they are uploaded online).
Dear IVGID Board of Trustees and Candidates,
As I’m sure you are aware, there are a number of emails circulating regarding proposed issuance of bonds for various IVGID projects.
After reading through the budget/proposals, I am increasingly concerned by the number of projects that will require bonds, to the tune of nearly $9 million, not including the Diamond Peak Master Plan’s potential of more than $18 million.
Given the scope of the debt that is proposed to be discussed and possibly approved at the IVGID Board’s July 27 meeting, it is imperative that this be put to the vote of the residents who will be shouldering the payment of these bonds.
It seems to me that IVGID is trying to “keep up with the Joneses” (Northstar, Heavenly Valley, Squaw) and incurring a great deal of credit card debt (bonds) to do so.
What is wrong with being comfortable in our own skin and with what we (Incline Village) have to offer? What is wrong with being fiscally responsible?
Another thing that I find puzzling is when committees are formed to make a study of various expenditures, these committees seem to be made up of members of the Board of Trustees.
Then “staff” members are selected to fill in the remaining seats on the committee. Isn’t this a conflict of interest … considering staff members report to General Manager Steve Pinkerton?
Any committee formed should indeed have members of the Board of Trustees, but the remaining members should be selected from a cross section of the residents. Staff members may be included as advisers when necessary.
We have an election in November and we will be electing three permanent members to the Board of Trustees. We must be willing to stop this mindset of spending, spending, spending that many on the Board of Trustees are trying to push through.
I feel we, as residents, must vote for what is best for Incline Village and those candidates willing to challenge the status quo.
Jane Bekowich is an Incline Village resident.