Author Archives: admin

Videos of Mayors and County in Hahira @ LOST 2012 05 02

The five local cities (Valdosta, Hahira, Remerton, Dasher, and Lake Park) presented their case in terms of changed demographics from the 2000 to the 2010 census. Much of the presentation was explained by Hahira City Manager Jonathan Sumner.

Lowndes County wasn’t interested in discussing, and is waiting for arbitration, which will happen in 60 days (presumably from when they started negotiating). The VDT writeup protrays that as a surprise, but it’s what County Chairman Ashley Paulk has been saying since before these negotiations began.

I would have preferred to hear what services the cities do now or could with more tax revenue provide that would benefit the entire county.

Even more, I think the local governments could spend their time together better talking about how to increase the pie, for example through solar energy for municipal revenue or through county-wide fast Internet broadband access, either of which would help attract knowledge-based jobs, which would provide employment and increased tax revenue.

However, I salute the cities and the county for being transparent about their positions, as you can see in these videos.

Here’s a playlist:

Videos of Mayors and County in Hahira
LOST Negotiation,
Mayors and County in Hahira, Lowndes County Commission (LOST),
Hahira, Lowndes County, Georgia, 2 May 2012.
Videos by Gretchen Quarterman for Lowndes Area Knowledge Exchange (LAKE).

-jsq

Videos @ GLPC 2012 01 30

Here are videos of the entire 30 January 2012 Regular Session of the Greater Lowndes Planning Commission (GLPC). You’ll have to figure out what they’d doing, because they don’t post agendas or minutes.

Here’s a video playlist:

Videos
Regular Session, Greater Lowndes Planning Commission (GLPC),
Valdosta, Lowndes County, Georgia, 30 January 2012.
Videos by Gretchen Quarterman for Lowndes Area Knowledge Exchange (LAKE).

-jsq

Minutes on website? @ GLPC 2012 01 30

Whatever happened to the agendas and minutes of the Greater Lowndes Planning Commission (GLPC) that used to be on the SGRC website? Gretchen asked at the January GLPC meeting whether they would be posted again. The chair said he didn't know. County Planner Jason Davenport added:

The regional commission used to do the minutes on the website for us. We have the minutes. Ms Gretchen, if you'll email us, we have the ability to email those minutes back to you, but we don't have plans right now to put those minutes back on the web.

The chair suggested "Maybe at some point in the future would be good." Jason Davenport reiterated that they had no plans to do that.

Here's the video:

Minutes on website?
Regular Session, Greater Lowndes Planning Commission (GLPC),
Valdosta, Lowndes County, Georgia, 30 January 2012.
Video by Gretchen Quarterman for Lowndes Area Knowledge Exchange (LAKE).

That's similar to what he told me by email back on 28 November 2011:

Last year the agreement between the SGRC and the various local governments regarding the GLPC responsibilities changed. This website is a result of those changes. I have your request and will plan on getting direction and clarification about how to deal with these types of requests.

There has been a little bit of improvement. The GLPC chair faxed LAKE the April agenda.

-jsq

Ocilla prison nearly sold at auction: better due diligence would be a good idea

A business our Industrial Authority wanted to get us into still risks bankrupting Irwin County: a private prison. Maybe we should do better due diligence around here and invest in better business ventures.

AP reported 23 April 2012, South Ga. detention center nearly sold at auction,

A privately owned detention center that houses hundreds of illegal immigrants in south Georgia is struggling with finances, and narrowly avoided being auctioned this year.

How bad is it?

Continue reading →

What actually gets companies to locate in Chattanooga?

So we heard about Chattanooga all during the school “unification” referendum. I turns out Chattanooga really does have something that attracts business (no, not a unified school system; if you want to go back into that, I’ve got the references available). What really attracts businesses to Chattanooga is fast Internet broadband access.

Christopher Mitchell wrote for Planetizen 30 April 2012, Should Your City Build Its Own Broadband Network?

While on a site selection visit in Chattanooga, a CEO asked about broadband access. When told that the slowest tier on Chattanooga’s community fiber network was 30 megabits per second, he turned to his IT adviser for a translation. Upon hearing “that’s more than we can get in our headquarters presently,” the company cancelled its other planned visits and located its new site in Chattanooga.

That’s right, Chattanooga really does have one thing going for it: high speed Internet access.

Why does that matter?

Continue reading →

If Southern Company’s nukes are a good deal, why so many insider stock sales?

If the Southern Company’s slick nuclear financing deal and its ongoing operation of three of the country’s dirtiest coal plants (two of them in Georgia) is such a good deal, why are so many insiders selling so much stock?

Maybe SO CEO Thomas A. Fanning needed that $12.4 million he got back in January by selling 275,617 shares at $45.0693 per share for a new yacht, or a new wing on his house, or something. A brief scan of nearby energy companies (Duke and Progress) indicates it’s not unusual for an energy company CEO to sell shares, although mostly not for this much dollar amount. $12.4 million is more than twice Fanning’s 2010 salary of $6.02 million, and well more than his 62% raised 2011 salary of $9.75 million that Georgia Power customers get to help pay for through Construction Work in Progress (CWIP) charges for the new nukes at Plant Vogtle that won’t be built for years, if ever.

But what’s with two SO subsidiary company CEOs, Mark A. Crosswhite, President and CEO of Gulf Power ( #206 on the Forbes Global 2000 in 2010) and Edward Day VI, President and CEO of Mississippi Power Company ( former engineering group supervisor at the Hatch Nuclear Project) selling a bunch of stock in April? Also there have been only a couple of puny little purchases, each of less than $30,000, in the past year. Why so much selling and so little buying by insiders?

Maybe new nukes are an increasingly bad business risk for Southern Company and Georgia Power. Perhaps some economic expert can help with this question; how about Moody’s? Maybe Georgia Power customers and Georgia and U.S. taxpayers and voters have an opinion?

I wonder what will happen to SO’s insider trading patterns when SO’s illusion of certainty of profit from nuclear and coal eventually becomes obvious even to their board and shareholders as actually a big risk, and when SO realizes Cobb EMC made the right choice for profit by ditching coal plant plans and building solar plants instead; when SO finally suddenly switches to solar like Cobb EMC and Austin Energy already did. Will insiders decide SO’s stock has become a good buy when SO builds solar and wind plants?

-jsq

Nuclear’s “bet-the-farm” risk —Moody’s

Wonder why Southern Company couldn’t get private financing for its new nukes at Plant Vogtle? Because back in June 2009 bond-rater Moody’s said this:

But from a credit perspective, the risks of building new nuclear generation are hard to ignore, entailing significantly higher business and operating risk profiles, with construction risk, huge capital costs, and continual shifts in national energy policy.

In case that wasn’t clear enough, they spelled it out further.

Nuclear’s “bet-the-farm” risk

The NRC says about 14 companies to date have submitted COL applications, proposing numerous new nuclear reactors for power generation. The first of these COL’s is expected to be approved beginning in mid-2011. Many of the COL license applications include partners, but the next table lists the primary holding company entity behind each project, and our view of the activity level associated with the endeavor.

From a credit perspective, companies that pursue new nuclear generation will take on a higher business and operating risk profile, pressuring credit ratings over the intermediate- to long-term.

Moody’s wraps up with some reassuring words for financiers, but maybe not so reassuring to we the taxpayers:

Continue reading →

Transparency in Valdosta (or not): Impediments to Fair Housing @ VCC 2012 04 05

The Valdosta City Council has apparently heard of transparency, but seems unclear on how to go about it, judging by this housing analysis issue.

David Rodock wrote for the VDT Sunday, Valdosta’s quality of life: Disagreement over how to fix the issues,

In early April, Valdosta City Council members voted almost unanimously to approve the submission of a plan to HUD that would address socio-economic problems for citizens — except for District 1 council member James Wright.

“I felt as if we didn’t have enough time to review the document,” said Wright, as the 100 page document was not provided until the day before the vote.

The document in question is the “Analysis of Impediments to Fair Housing” and was prepared by a Texas firm, J-QUAD Planning Group. The study is required of any city that receives funds directly under the Community Development Block Grant (CDBG) Program though the United States Department of Housing and Urban Development (HUD), which Valdosta became eligible for in 2004.

According to the minutes of the 5 April 2012 Valdosta City Council meeting, Council Wright wanted to delay voting on the document because there was a lot of public interest in it. Mayor Gayle pointed out it was simply a pro-forma analysis required by HUD, and not a plan. Council Vickers said they could form a committee to make a plan. But the council didn’t seem to include formation of such a committee in the motion to accept the analysis that finally passed.

So Council Wright has moved ahead on his own:

Continue reading →

Videos @ VCC 2012 01 05

Here are videos of the entire Regular Session of the Valdosta City Council of 5 January 2012.

There were actually two meetings:

  1. With the old Mayor and Council (agenda and minutes).
  2. With the newly elected Mayor and Council (agenda and minutes).

Here’s a video playlist:

Videos, Regular Session, Valdosta City Council (VCC),
Valdosta, Lowndes County, Georgia, 5 January 2012.
Videos by Gretchen Quarterman for Lowndes Area Knowledge Exchange (LAKE).

-jsq

Where is SGMC in state hospital summit?

AP wrote yesterday, Hospital CEOs to discuss state of care in Ga.,

The chief executives of three major Georgia hospitals are getting together to discuss the future of health care in the state.

Probably a good idea. Which hospitals?

CEOs scheduled to sit on the panel are Tim Stack of Piedmont Hospital in Atlanta, Don Faulk of Central Georgia Health System in Macon and Maggie Gill of Memorial Health University Medical Center in Savannah.

Where is SGMC CEO Randy Sauls? What about what he described on 5 April 2012:

“…the vast array of services offered at SGMC. We are a progressive hospital with many services that are unique to South Georgia.”

So who organized the hospital CEO discussions?

The Executive Forum, an outreach program of Mercer University’s business school, will host the hospital CEOs….

Hm, maybe VSU could host some hospital CEOs. Maybe unlike Mercer’s Forum, they could make the discussion open to the public. Maybe even invite questions from the public.

-jsq