EID board gifts $ millions to developers - Opinion
At the August 26th EID board meeting the EID board granted far below-cost revised hookup fees to the developers. Tens of millions of dollars of debt service costs wrongfully were excluded from the new hookup fee calculations…costs that, contrary to Proposition 218 prohibitions against one customer class subsidizing others, are being left for 38,000 regular ratepayers to pay
At that August 26th board meeting, several developers got up and lavishly praised EID’s board and management for the new hookup fees…hookup fees that are $7,000 less than those initially proposed by EID Management just two months ago. On 20,000 new homes already approved by El Dorado County’s Board of Supervisors, the $7,000 per hookup reduction represents $140 million of potential developer savings.
Appalled at the EID board’s egregious abuse of ratepayers, I then stood up and pointed out that hookup fees are going up just 8 percent while water rates are surging 102 percent. For my audacity in standing up for ratepayers, I first received a tongue-lashing from EID General Manager Jim Abercrombie. Next, EID board President George Osborne whined, effectively arguing that 102 percent on “pennies” is not comparable to 8 percent on “real money”.
Do you think your EID bills are “pennies”?
So how does Richard Englefield enter into this issue? Well Englefield (along with Dale Coco, director candidate for Division 4) both were in attendance at this August 26th board meeting. Instead of joining me at the podium to stand up and fight for a fair shake for ratepayers, both Englefield and Coco sat on their tongues
In October, ratepayers can expect a flurry of developer financed propaganda touting Richard Englefield and Dale Coco for EID directors. Just remember that this flurry of praise will be bought and paid for by the same big developers who paid $87,000 to buy one school board seat in November 2012
Your proven ratepayer advocate,
Candidate, EID Director for Division 2