As soon as we can we will publish the most recent letter from the State of California to the city of 29 Palms that again tells the city “No” to Project Phoenix.
This letter is dated May 26, 2012 and has been in the possession of city staff since Tuesday, May 29, 2012 and no news was released about this very important letter at all.
Please follow the link in the story “Who is fooling whom” to read the letter for yourself at the Department of Finance website.
Basically, it tells the city that what the State had denied before on April 27, 2012, they are still denying, and that denial, is for Project Phoenix.
More to come as time permits.
Twentynine Palms’s Approval letter was put up on the Department of Finance Recognized Obligation Payment Schedule Review Letters page this morning after the State received proof of service.
The letter says the state is going to pay only what it approved in the April 27, 2012 letter stating the following:
What were those denied Items? Well lets go to the record. The April 27th letter denying Project Phoenix and all but $250,000 in administration charges stated the following:
Unless there is legislation to the contrary Project Phoenix being paid out of the proceeds of the RDA Bonds is a dead issue. The Bond proceeds are to be used to defease the bonds in a most advantageous and expeditious manner.