BW

Not only is there a guarantee from the majority stockholder to pay the debt until the array is up and running, but Standard Alternative IS providing a 100% construction bond for the project, PLUS a 1 year debt service reserve. The project under a scenario of SREC's selling at $225 a strip has a debt coverage ratio of 125%.

I don't know where you are getting your information. We have said this at many meetings, unless you are not interested in the facts.

Scott,
A guarantee is meaningless... you obviously don't have the loan secured against other assets whether it be that of majority stockholder or not.
All one has to do is declare Chap 11 and they are out of the debt!!! Duh!!

How's Lavallette treating you these days??? Read how many homes were not getting taxed perse.... a resident did your job for you!!!

JD

How about a 100% construction bond? Is that meaningless as well?

Scott, in case you have forgotten, standard alternative offered us 2.5 million and a letter of credit. If there was a change why was it not here or in the press?

AND why dont you google the price of the srec's? They have gone down, way down. If you have a report to show other wise please post it.

Scott I am not stupid, I can see right through the BS and spin. And I know Steve has put this town on the verge of bankruptcy.

Scott why dont you give Dan a copy of the paper work on this 100% construction bond, and ALL the details of the debt repayment?

Let me guess, you cant because like foodtown, it is still in negociations, and you cant release that information at this time. Listen Scott I have a bridge you and Steve might be interested in, why not give me a call.

Scott
The problem you have here is the scenario you stated where the SREC's selling at $225. In the 2012 market, the SREC Market price is considerably less than what is necessary to cover the debt. This year alone, the SREC auction price has dropeed from the January price of $245 to $145 in March. This is below the threshold to cover the debt service on the bond. In this scenario, who gets stuck paying the debt service? What protections are there?

Check out this link for what is happening in theJ SREC Market.

http://www.srectrade.com/blog/srec/srec-markets/new-jersey

Bad news for anyone planning to build a major solar project in 2012 thru 2014 because of the drop in SREC pricing. Funds from the sale of SREC's are traditionally utilized to pay loans necessary to construct these projects. If the income from the SREC's do not cover the loan, who will pay the shortfall? Standard Alternative or Brick Township? As the co-signer of the loan, Brick Township stands to assume significant risk.

Great posts BW and Johnnie..

Notice no response!!! It is deafening...
The town is not a BANK and should not be in the business of loaning money... if this was such a slamdunk, the "company" could have gotten a loan on it's own.

where is the person who always posted fire scott p.

looks like they may have known what they were talking about all this time

Scott-
Can you please identify any projects that Standard Alternatives have completed?

JD, you hit it on the head. Several posters come back with facts and Scott just disappears. I've been asking how many township employee's take township cars home each night, nothing. Also why are department heads are paid a stipend, in addition to their salary, again silence. There must be so much behind the scenes BS going on, it'll spin our heads.

I agree the disregard of public opinion not to mention the disrespect for the citizens of Brick is utterly appalling.
Can anyone tell me anything about the Mayor's presentation of a budget. His budget was a lot of doubletalk that had nothing to do with presenting a budget.
We the people should know what he presented without having to research it, make OPRA requests and be insulted by the Mayor.

So very glad to hear that our DPW may remain as promised. Thank you to our new council for it's reconsideration and saving these local jobs. What is happening with the new recycling truck & recycle cans Steve had ordered?

I too like Traders Cove, anything that is preserved and can be used by the regular residence of Brick. I'm tired of the rich owning every speck of water property and us peons not being able to use it. Foodtown would make another great place for preservation and a park, developed into one a little at a time so the cost is spread out over time.

The only day you will be able to use it will be Saturdays.
The other 6 days it will be overrun with the Lakewood Lecches with no jobs and 8 kids looking for something else they can do for free.

Mrgrumpass - I agree with you on this one. Except that it's not only PW that needs to renegotiate their contract. ALL Brick Township workers should be renegotiating their contracts. The miniscule amount these employees pay (even under the Governor's initiative) for the cost of their fabulous public-sector benefits package is too much of a burden for the average taxpayer.

I agree i want to know who negotiated the PD contract there should have been a freeze not an increase!

You all are having a laps of memory the Food Town site was purchased by a Democratically controlled council and mayor, as to what is the hold up I will give you a quote from Bill Clinton’s campaign “It’s the economy stupid” and has little to do with PW

Mommy of 3
Hopefully the council will keep PW? They better! Their positions on the town council will be gone next election if they don't. That's not a threat, thats a promise!

Welcome back Oscar Wilde, I like your new name!

Don't worry. RATtaco's trial is coming up and word is he turned RAT.
The reason you hear nothing about the trial is because big things are about to happen.

are you getting paid $170,000 by the taxpayers ?

Catpan, he gives insight when it suits him or he's ordered to, to cover someones back, I believe. Many important questions go unanswered by him...and yes on tax payers time. If memory serves me, doesn't he actually work for 3 other townships also ? Of course, he'd want us to believe those other jobs never conflict with the time spent on Brick. He needs to go also.

Ryan yes 3 other towns. He makes somewhere in the area of 225k per year between all 4. Also week or so ago, a watchdog group in Lavalette found huge errors in Scotts billing to several large water front homes. One home alone he made a 45,000 error.

He always tell us to call him and he will explain it, but when you call he is never in. And yes you are right, Scott follows orders, posts what he is told to post, and refuses to answer any questions he is told not to answer.

BW

You must have dialed the wrong number because I am usuakky the last one out of the parking lot. I may not be available to take your call immediately, but if you leave a call back number I will call you back. Ask Kevin Koch

Juan loves to hang out in Toms River a lot on the brck tax payers dime.

Scoot P. will never answer that question......he has been asked many many times and doesnt have the guts to answer it......only 4 more days for Scott to cash another check paid by the taxpayers

hey look here finally someone in Brick paying attention to the merry go round.......

the council said they were going to LOWER the taxpayers burden......now they have their chance and low and behold, now they are looking to stabilize taxes .......looks like that 24% increase was the best thing that ever happen to 4 democrats on council in their untruthful lives

WAKE UP TAXPAYERS !!....you have been lied to

Yea They talk about the extra funds due to the lack of snow fall, well here's an Idea. Stop laying people off and stop trying to fix something that's not broke like outside contractors to handle township work. come on! I'm quite sure the Mayor and Council members haven't even considered the hardship for families that would loose there jobs or even the tax payers who think there taxes are going to be reduced by subcontracting these services. No, the only thing that's going to happen here is more money out of our pockets for private garbage disposal and other services. While the Mayor and Council members all give themselves a slap on the back along with nice raises. It's the same old (very old) stuff here, I for one think they should all be voted out next election, We need people who are not lifetime politicians who also think that there entitled to the taxes payers money at our expense. Watch the raises they think there entitled too.

stabalize....does that mean only a 2% increase and they couldn't find any of the cuts they campaigned on??

'Garbage' -- Someone did, indeed, send me some recordings of robocalls (voiced by Council President Ducey) done during the campaign. There were no secrets, as the calls went out all over town anyway, presumably. Personally, I didn't hear any bombshells. We've covered the issue of health benefits for council members, campaign promises and the like, and I'm sure we will again.

But there's a balance between discussing hot-button issues and just piling on. That said, I doubt any of these issues are going away, and we'll cover them when they flare up from time to time.

Dan I would consider the benefits issue small potatoes next to 34 Million being spent on a solar field and finding the money to keep public works going both of which are way more important Garbage then grinding axes about benefits.

because their voodo dolls of scott; they do what he says when he says it.

@johnny b., I agree, if you're going to be a "Troll", at least offer something useful to the thread. He posts on just about all the other Patch sites with the same crap!

Ha, I can only imagine. I'll look into it.

I bet you will look into it Dan... lol ;)

JS only got 18 months after he sang like a bird, maybe they will offer the same cell.

Interesting article Wahoo.. I guess that's what we have to look forward to. Spend spend spend... Our quote unquote leaders of this town are seriously out of touch with the reality of today's financial situation. They need to completely stop spending in this town unless 100% necessary. 4 months into our new council's reign and they've managed to continue the spending right where the old school left off. What a waste...

I am pretty much bored with rehashing the same nonsense over and over with hacks and trolls with multiple screen names and paid political bloggers. The facts are out there for anyone that really wants to get them. You are not going to get them from internet posts. The lies repeated over and over in these posts are pretty pathetic at times.

Pot please meet kettle. You can always tell who has been sent in to do damage control. Instead of discussions, they call people names, accuse them of being trolls.

guess I hit a nerve! who'd that walking across my bridge!!??

thanks John C, I bet someone your ego wouldn't allow you to remain silent after my post....some people are just so easy to manipulate.

haha you need to get out more if i am the topic of your conversations and bets!

you're usually the topic discussed on here, you just prefer to post under a different screen name. do you prefer posting from Brick or Toms River ?

Nicely stated Stinger. Everyone needs to comprimise & realize that the public workers' comfort is no longer affordable to the taxpayers that are struggling to keep their homes. With Obama's healthcare reform under way, those of us who can not afford, or are not offered health insurance thru employment, will be forced to purchase a policy or face expensive fines can not place a public worker before our own families.

Your looking at Wisconsin as an example? Really? The whole state is in an uproar, their Governor is about to get booted out of office, many have resigned or have been recalled in the state. We got enough problems in Brick without using Wisconsin and all the turmoil out there as an example as the way to run things. Here, educate yourself...
http://www.thenation.com/blog/167145/wisconsin-recall-real-petitions-certified-elections-set-june-5

An American governor sought to impose a radical austerity agenda that attacked labor rights, public education and public services—while cutting taxes for multinational corporations.
The people of Wisconsin filled the streets and occupied the capitol to object.
The governor and his allies refused to listen to the people; they enacted the anti-labor law—portions of which were, on Friday, found by a federal judge to be unconstitutional.
In the face of Walker's extreme moves, the people dusted off an old progressive tool of accountability—the recall power— organized the grassroots United Wisconsin movement that attracted 30,000 volunteers.
The governor pushed back with a multi-million dollar television advertising campaign that attacked the legitimacy of the recall and urged Wisconsinites to oppose it. His allies in the media portrayed the recall as inappropriate, unnecessary and costly. His political backers claimed that the recall effort was collecting fraudulent signatures and suggested, again and again, that it would not stand up to scrutiny.
On January 17, that movement filed close to two million signatures on petitions seeking the recall of the governor, lieutenant governor and four powerful state senators.
Now, a little over two months later, the petitions have not just been judged to be credible. They have been found to have a dramatically fewer flawed or fraudulent signatures than have historically been found on recall and referendum petitions. The recall is on!

so we are finally in agreement , no difference from either gang of thiefs......both gang are liars and self serving, the republicans just did it more arrogantly

until Starkey, Langer, Lazro and Blandina are out of the picture there will be no difference from the old Green and Gold "Uncle Joe" team years. So far it has been a parade of the same old tired faces that turned a blind eye back then.

brickanderson

I am tired of talking to you people on here, you are not really looking for answers but have other agendas. If you want to talk about anything call my office @ 732-262-1050.

:)

Scott-Exactly what are Juan Bellu's responsibilities? What would his job consist of, say today!! What time does he punch in and punch out? What does he do while in town hall or out on the road? Easy enough? Fair enough? He got a $50K pay RAISE. Come on Scott you can do it. The peons deserve an answer.