Thursday, May 31, 2012

RAMSEY -- Every risk cloud for many probably has its silver lining for a select few.

Click image to enlarge and read.
Source: Ramsey Resident, online here, p.3.

It was the vote of four of the seven council members that pushed a cramdown through where the City is acting as a second position banking source for Flaherty and Collins - McGlone, mayor, Wise, and Elvig being the four votes, and where the City does not even get a lien against the real property. Risk for the City.

But with that having been done, as it was done, we can expect jobs to result. Income streams created for some Ramsey families, via that loosey-goosey bit of financing stuff put through where Ben and the City take on multi-million dollar risk. Ben and I, we're guessing that means that some get a silver lining out of that risk cloud hovering over the rest of us.