Mayor Taylor To Give BOK $7 Mil for Great Plains

[Chris Medlock]

quote:Originally posted by Chicken Little

quote:Originally posted by Wrinkle

"Just an Authority" underminds the very definition of an 'authority', which is to segregate ongoing operations from political will.

...and this would undermine your notion that they were a separate and distinct entity.  The mayor is on the board.

quote: SECTION 1.1 TULSA AIRPORT AUTHORITY CREATED. There is hereby created an agency of the City of Tulsa to be known as the Tulsa Airport Authority which shall consist of the Mayor and four (4) members appointed by the Mayor, subject to confirmation by a majority vote of the entire membership of the Council.

This should help you understand how closely their operations are linked to the city...

quote: SECTION 1.9 POWERS. The Tulsa Airport Authority may adopt, amend, or repeal rules and regulations for the maintenance and operation of any and all airports belonging to the city and may enter into contracts for the acquisition, establishment, operation, improvement, maintenance, leasing, or other disposition of the airports of the city; provided, all such rules and regulations shall to be subject to the approval of the Council and all of such contracts shall be subject to the approval of the Mayor. The Tulsa Airport Authority may employ, engage, or contract for the services of an attorney, auditors, and other special qualification personnel, subject to the approval of the Mayor.

quote:
They are a descrete entity and can (did) bankrupt themselves.

No, they are a public trust charged with carrying out a narrowly defined mission of the city.  They have the ability to enter into agreements that the city cannot, that's why they are there.  And the Mayor has final say on those contracts, and who's on the boards for that matter.

quote:I was trying to imagine the political decision to which you are referring. The City was not a participant in the 'deal' from the get go. Nor was it named in any suits until the 26th of this month, yesterday. In fact, it was never named, Ms. Kitty voluntarily had us placed there with the amended patition.

Sure they were, if you believe that the above is true.

quote:The founding of a new airline is not a public decision, political or otherwise. Besides, it wasn't structured for public benefit, just attempts to offload liabilities.

No, but part of the financing was most certainly a public, political decision by the previous mayor and council.  They called it a public purpose, and so it was.

quote:IMO, crimes were committed, which is all now being attempted to get covered. Katbox.

No hyperbol, that's what I would've done four years ago, or today.

That authority would disappear and we'd create a new one. As for credit ratings, theirs should be in the hopper anyway. The only way they can borrow money now is for someone to ignore the facts.

I don't know about crimes.  And Mayor Taylor is simply doing what she has to do to protect the city's bond rating; they're as inextricably tied as the organizations themselves.  The Mayor can recreate that organization in no time at all if need be.  When you get to be Mayor, so can you.

The city's bond rating would not be effected by a negative ruling against TAIT. In fact, Mayor Taylor has RISKED the city's bond rating on two fronts. Taking $7 million out of the Sinking Fund reduces our reserves for Munies in advance of a street tax that will include bonds. Two, she has made us a party to a law suit that could blow up in her face if BOK gets ticked about the money not getting to them by June 30.

[Chris Medlock]

quote:Originally posted by FOTD

Credibility with the bond underwriters and rating agencies seems essential for municipalities and affiliate employers to get the terms and conditions at a good pricing to market.

Would welshing on a debt or a debt outstanding impact an issuance?

Once again, CoT's bond rating is safe until you do something stupid like make the city part of the suit. Only TAIT's rating was in danger.

[Rico]

quote:Originally posted by Conan71

quote:Originally posted by Double A

The bond rating argument is steaming hot B.S. to scare the public into accepting this deal and somehow lull the public into a false sense of security that Da Mare is somehow protecting us from the boogeyman. The public won't be scared or silenced into submission and subjugation like little children under the spin of this patronizing condescension.

Or a thinly-veiled threat from one of our members who travels in the same circles as Kaiser talking about all the people BOK employs and what all they give back.  BOK wouldn't get up and walk out on Tulsa if they were not re-paid the $7.1mm.  

If there is some sort of banking reg which would enjoin the city in liablility on this, sure I could see us paying up.  I've not heard that yet.  In the instance where a debtor puts up collateral, disposes of the collateral and the bank cannot repossess it, it still does not alleviate the debtor of the debt.  If they have the ability to pay otherwise, the are legally obliged.  However, the city was not a party to the defense on this until this week.

Dick Stupidity screwed us, he needs to be run out of town on a rail, straight to the ocean.

Look at this as canon fodder says.....from a business perspective...

Kaiser taking his bank and moving would not be a business decision. It would be one of emotion.

However.......Calculating interest on a failed repayment of 7 million would be a business decision.
You all enjoy gambling......? be my guest.

Medlock has had his 15 minutes.. Regardless of the outcome of this case he will be going back to being a disk jockey.

[Friendly Bear]

quote:Originally posted by Rico

quote:Originally posted by Conan71

quote:Originally posted by Double A

The bond rating argument is steaming hot B.S. to scare the public into accepting this deal and somehow lull the public into a false sense of security that Da Mare is somehow protecting us from the boogeyman. The public won't be scared or silenced into submission and subjugation like little children under the spin of this patronizing condescension.

Or a thinly-veiled threat from one of our members who travels in the same circles as Kaiser talking about all the people BOK employs and what all they give back.  BOK wouldn't get up and walk out on Tulsa if they were not re-paid the $7.1mm.  

If there is some sort of banking reg which would enjoin the city in liablility on this, sure I could see us paying up.  I've not heard that yet.  In the instance where a debtor puts up collateral, disposes of the collateral and the bank cannot repossess it, it still does not alleviate the debtor of the debt.  If they have the ability to pay otherwise, the are legally obliged.  However, the city was not a party to the defense on this until this week.

Dick Stupidity screwed us, he needs to be run out of town on a rail, straight to the ocean.

Look at this as canon fodder says.....from a business perspective...

Kaiser taking his bank and moving would not be a business decision. It would be one of emotion.

However.......Calculating interest on a failed repayment of 7 million would be a business decision.
You all enjoy gambling......? be my guest.

Medlock has had his 15 minutes.. Regardless of the outcome of this case he will be going back to being a disk jockey.

Yep, the local ruling Power Establishment finally nailed bad old Chris Medlock.

First, they tried to Recall him, and co-councilor Jim Mautino.

Why?

They were asking too many questions about TMUA board appointments (Cameron and Reynolds), and Mayor MisFortunate's 40-year sweet-heart deal Water Contracts with Bixby, Jenks, and Owasso.

Defeating the Recall made him even more popular.  

Popular enough to seriously threaten an incumbent "Republican" mayor, Bill MisFortunate, in the GOP primary.

Sinator Dumbkopf Inhofe had to twist Randi Miller's arm to get in the race at the last minute, in order to siphon off Mr. Medlock's west Tulsa and ORU base.

It worked, but it left the incumbent Mayor MisFortunate as a dead-man walking:

59% of the GOP voters preferred someone else.

D.O.A.

Then, they managed to keep Medlock out of the State House of Representives, electing instead a well-funded charter member of the Builder/Developer cabal.

Then, horror-of-horrors, he's next co-hosting a morning talk show, after they run off the Hated-One Michael Delgiorno.

Now, he's back solo as a local talk radio commentator 10 hours per week:

Raggin' on their asses every day......Some fun.

The local power Oligarchy should be careful what they want:  

They might get it.

[]

[RecycleMichael]

I really like your version of election history.

Medlock loses election after election and it is someone else's fault. Did you ever consider that the voters just didn't like him?

He had a history of starting arguments and pissing people off. He also was outed for lying. It sounds like to me that he has the perfect job as a disc jockey.

This is not an attempt to slam other disc jockeys.

[TURobY]

quote:Originally posted by RecycleMichael

I really like your version of election history.

Medlock loses election after election and it is someone else's fault. Did you ever consider that the voters just didn't like him?

He had a history of starting arguments and pissing people off. He also was outed for lying. It sounds like to me that he has the perfect job as a disc jockey.

This is not an attempt to slam other disc jockeys.

Ding ding ding! We have a winner!

[inteller]

quote:Originally posted by RecycleMichael

I have to agree one of their business mistakes was buying the wrong planes. They bought out the operating license and planes of Ozark Airlines.  It probably was a good price. I don't know. I don't know how much planes sell for.

All that is in the past. It doesn't change the facts that the city and the airport were still being affected by the airline that failed during a previous administration. I don't like paying any more in taxes than the next guy, but want to do the right thing. As much as you guys want to disagree, I think the city is doing the right thing here.

i swear dude, you would defend Krazy Kathy's actions if she bent over and **** down your mouth.

[Friendly Bear]

quote:Originally posted by RecycleMichael

I really like your version of election history.

Medlock loses election after election and it is someone else's fault. Did you ever consider that the voters just didn't like him?

He had a history of starting arguments and pissing people off. He also was outed for lying. It sounds like to me that he has the perfect job as a disc jockey.

This is not an attempt to slam other disc jockeys.

I think he's 3-for-5 election wise.

A 60% success rate.

Elected city councilor 2x; retained seat through Recall 1x.

Came in 2nd in a 3-way Winner-Take-All GOP primary against an incumbent mayor.

Soundly defeated for State House by a well-funded Builder/Developer cartel candidate.

Better than your election rate for public office:

Still 0-for-0?


[}:)]

[RecycleMichael]

I wouldn't even vote for me.

I vote by looks.

[Friendly Bear]

quote:Originally posted by RecycleMichael

I wouldn't even vote for me.

I vote by looks.

Then why were you a Hillary supporter?

[RecycleMichael]

quote:Originally posted by Friendly Bear
Then, horror-of-horrors, he's next co-hosting a morning talk show, after they run off the Hated-One Michael Delgiorno.

Now, he's back solo as a local talk radio commentator 10 hours per week:

Raggin' on their asses every day......Some fun.

You must be the only one listening.

http://www.fmqb.com/Article.asp?id=17533

Their station is 15th out of 19 in the local market. Even his own station demoted him to the mid-afternoon time slot.

I think he started this thread just so he could promote himself and his show. It looks like a desperate effort to get listeners.

We should ban him for spamming.

[Chicken Little]

quote:Originally posted by Chris Medlock

Once again, CoT's bond rating is safe until you do something stupid like make the city part of the suit. Only TAIT's rating was in danger.

Oh, that's great news.  Which rating company do you work for again?  S&P?  Fitch? Moody's?

[Friendly Bear]

quote:Originally posted by RecycleMichael

quote:Originally posted by Friendly Bear
Then, horror-of-horrors, he's next co-hosting a morning talk show, after they run off the Hated-One Michael Delgiorno.

Now, he's back solo as a local talk radio commentator 10 hours per week:

Raggin' on their asses every day......Some fun.

You must be the only one listening.

http://www.fmqb.com/Article.asp?id=17533

Their station is 15th out of 19 in the local market. Even his own station demoted him to the mid-afternoon time slot.

I think he started this thread just so he could promote himself and his show. It looks like a desperate effort to get listeners.

We should ban him for spamming.

I can rarely listen to his show realtime:

I work for a living.  

How quaint!

When I have been able to listen, he seems to have more than just a few callers.

Just his friends and family shilling?

[tim huntzinger]

Making this about off-his-Medlock (JUST KIDDING!!!) is as predictable as his making this about Kaiser and Taylor, or Ournutt (NOT KIDDING!!!) making this a Democrat thang.
This is all about the same old crowd playing the same old insider games at the expense of the hoi polloi Tulsans.

This never was a win/win situation, taxpayers were going to get hosed it was just a matter of how much.  I wish those same voices freaking out about this deal would sound the alarm about the $25M in pork we are set to receive from the state for the river projects.

Just a suggestion:

Stupid cryptic one liners are a real bore.

You feel me?

[8]

The shizzle is coming down.  I would not want to be sporting colors in the Osage. Word!

No, really, you feel me?

[waterboy]

Okay, wiseacres, why would Eagleton see the wisdom of this? You think he is beholdin' to the oligarchy? Or is he too one of the sheeple? I never saw him as one to wantonly waste the taxpayers money and his past behaviors during the river tax lead one to believe he is not easily influenced by the nobility. Is he tainted too?