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Boise County files for bankruptcy http://www.idahostatesman.com/201...uptcy.html
![]() The American people will never knowingly adopt socialism.But under the name of 'liberalism',they will adopt every fragment of the socialist program,until one day America will be a socialist nation,without knowing how it happened - Norman Thomas,6-time presidential candidate for the Socialist Party of America The federal government has taken too much tax money from the people,too much authority from the States,and too much liberty with the Constitution - R. Reagan |
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| 03-02-2011, 09:13 AM | |
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"The jury awarded the development firm Oaas Laney $4 million, plus attorneys’ fees, which the county says total about $1.4 million. Boise County has an operating budget of about $9.4 million."
So that's over 57% of the yearly operating budget. The article doesn't really explain how/why the judgement was awarded - in other words, is the judgement amount proper? The article DOES say that the county doesn't have any bond debt, so this case is simply an entity that doesn't want to pay. Could it pay? It would be REALLY tough. Think of it this way - say you make $50k a year then you crash into someone and cause $29k in damages. Rather than pay them, you file for bankruptcy. Is that right? No - but again the details on this case are not very clear. |
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If I appear to be ignoring your posts, it's probably because you are on my ignore list.
Xuéxi zhōngwén |
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true, this is due to a judgment...but it serves to break the ice on counties declaring bankruptcy..something i read somewhere is rare because some states do not allow for that to happen...but then i remember Orange County in California going through bankruptcy in the mid 1990's
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County officials maintained their actions were based on legitimate government interests. The company sought zoning approval from Boise County in 2007 to build Alamar Ranch, a 72-bed private treatment facility and school that would have treated teens with emotional or substance abuse problems. Residents of a nearby neighborhood organized the group Opponents of Alamar Ranch and mounted a campaign to keep the ranch from being built out of concern the teens would run away and commit crimes. The group was also worried about fire suppression and traffic problems in the heavily forested area. The county denied Oaas-Laney’s application, saying the center wasn’t appropriate for the location and the county didn’t have enough infrastructure to monitor and enforce the conditions of a conditional use permit. Developers appealed the decision, saying Boise County had a duty under the Federal Housing Act to allow the center to be built because it would make housing available for the handicapped teens that Alamar wanted to serve. The permit was approved in 2008 but only with onerous conditions, according to the lawsuit. Alamar Ranch could have no more than 24 teens and would have to build a second bridge over a nearby river, keep a fire truck on site and build a helicopter landing pad. Those conditions made the project financially impossible and the development company was forced to give up on the effort, according to the lawsuit." http://www.spokesman.com/blogs/bo...led-teens/ "Reality is a big nasty vicious dragon. But I don't believe in dragons."
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